Your question begins with a misunderstanding.  When you prepare your tax return (Form 1040/1040A/1040EZ) you always try to minimize your total tax bill.  When you fill out form W4 you trying to estimate how much tax will be shown on next years tax return.  The penalty for having too much tax withheld is not having the use of the money until you get a tax refund. At the moment interest rates are very low and your economic loss is the temporary loss of access to the money. One exception would be if you are carrying credit card debt. In that case you are, in effect, paying 20-30% interest to borrow money you lending to the US Treasury for 0% interest. The penalty for having too little tax withheld is having to make a large payment with your tax return. If your pre-payments aren't at least as much as your total income tax from last year there may also be modest underpayment penalty based on the difference between your pre-payments and your total income tax from last year or this year whichever is less. A large underpayment will trigger a different larger underpayemnt penalty. The W4 combined with the withholding rates tends to over-withhold income tax for most, but not all, taxpayers. Most people don't have enough savings to pay a large tax due, which leads to more penalties and an even larger bill. Over-witholding protects the overall tax system from the consequences of those events. People tend to be very unhappy, not quietly. On balance your greatest economic benefit depends on whether or not you have high interest debt. If you do, then accurate and even slightly under-withholding will probably work to your advantage as long as you can pay next 4/15. If not, avoiding the chance of having any unexpected balance due next year may be more important.


College costs are increasing 8% per year.  In 18 years that's 4 times the current costs of college.  The [current costs](http://money.cnn.com/2011/10/26/pf/college/college_tuition_cost/index.htm) of college are $21,000 annually for a public 4 year degree, and $42,000 annually for a private 4 year degree.  In 18 years that's $336,000 for a public college bachelor's degree, and $672,000 for a private college bachelor's degree.  Per kid.  Suddenly $900,000 doesn't seem so big.


His immigration policy certainly isn't encouraging the best and brightest to come here in the same numbers that they were before he was in office.  His travel ban is a big reason for this.  Not only that but his administration has a decidedly anti science slant.  They've been deleting research info at the EPA, and their budgets haven't been helpful for science and research either.  So yeah, they haven't been helpful.  Clinton would've been better.  At least she would've tried to improve our assistance for research and technology subsidies.  Trump doesn't even pretend to care.


To be safe you should donate the printer to the charity. Or even better, have the charity purchase it and you donate a equivalent number of dollars directed towards purchasing the equipment. Once your wife no longer volunteers with the charity it should be returned to the charity because they own it.


Also, Amazon doesn't care about profits as much as it cares about market share. Where before Whole Foods' management had to seek profit growth to keep stockholders happy, I can see Amazon running Whole Foods at a breakeven point or even a loss if it means that it allows Amazon to extend the reach of same-day Prime delivery and overall Prime membership numbers.  I mean, if you think about it, Amazon could basically start turning Whole Foods stores into essentially warehouses for food delivery that also sell food the normal retail way. That would make just breaking even on the stores a better option than if Amazon had built their own same-day Prime food delivery warehouses across the country.


This is not totally not in my wheelhouse, so I'm genuinely asking:  Isn't that because gas being purchased on that date has to be purchased at the new high rate, but when selling gas already purchased at the higher old rate has to be sold at the high rate to avoid a loss?  Like, given good faith actors on all sides with no particular profit motive, shouldn't we see prices raise quicker than they fall at the pump anyways?


So from Investopedia - Who actually declares a dividend states that the Board of Directors of a company sets the 4 key dates: As these dates are chosen by the Board of Directors, either by internal corporate convention or special situation. Conceivably a Board may choose a Payable Date greater than 2 weeks which may make sense if their accounting partners are unavailable, i.e. extended national holiday. I assume that any period of time longer that what may seem reasonable and customary will be a topic at the next shareholder meeting.


As AskAboutGadgets notes, there's no lower age limit.  You current age (24) is a pretty good one; you'll have four decades or so for your money to grow and compound, allowing it to become a veritable fortune when you're ready to retire if you invest it fairly aggressively.


I was nervous when they bought Marvel... but then they gambled on Whedon with *The Avengers*, and made the third-highest-grossing movie of all time *and* a genuinely good film that was liked by critics and audiences... so I think they'll do better than Lucas.


"The key term you're looking for is ""purchasing power parity"", which considers the local prices of goods and services when making comparisons between countries. For example, you can look up the GDP by PPP per capita to get a sense of much people on average incomes can buy in each country. Of course, average incomes may not be too relevant to your own specific circumstances, but nonetheless you can look at the PPP data itself to figure out how to translate specific numbers between two currencies. However, note that the ""basket"" of goods used to calculate this measure itself has a significant impact on the results. Comparing prices of food and electronic equipment respectively will often give very different answers."


New car prices being up is kinda misleading. New car sales (volume) is down pretty significantly because used car sales are up. This has pushed the average price of a new car down in order to compete with the used market. However, the price of an average new car is up because the people buying new cars are more likely to be buying a nicer one, as others just buy used.   As far as the second part of your last sentence...yeah...these 7 year loans on new OR used cars are fucking terrifying.


IMHO: The best scenario where Greece does not leave the euro: In this scenario there is probably no risk, because either the ECB will print more money, or other countries will help Greece in some way. The average scenario where Greece leaves the euro: All Bank accounts will be frozen and slowly turned into NEW DRACHMA, and your poor money after the conversion will be worth 50K euro at best (but probably much less). There is also the worst scenario: The bank defaults too, and you will lose everything. Italy has a fund to protect deposits up to 100K euro (I don't know if you have something similar in Greece). However, a similar fund in Greece would be guaranteed by Greek banks and the Greek government, so you might not get much back regardless.


Your assumptions are flawed or miss crucial details. An employer sponsored 401k typically limits the choices of investments, whereas an IRA typically gives you self directed investment choices at a brokerage house or through a bank account. You are correct in noticing that you are limited in making your own pre-tax contributions to a traditional IRA in many circumstances when you also have an employer sponsored 401k, but you miss the massive benefit you have: You can rollover unlimited amounts from a traditional 401k to a traditional IRA. This is a benefit that far exceeds the capabilities of someone without a traditional 401k who is subject to the IRA contribution limits. Your rollover capabilities completely gets around any statutory contribution limit. You can contribution, at time of writing, $18,000 annually to a 401k from salary deferrals and an additional $35,000 from employer contributions for a maximum of $53,000 annually and roll that same $53,000 into an IRA if you so desired. That is a factor. This should be counterweighed with the borrowing capabilities of a 401k, which vastly exceeds an IRA again. The main rebuttal to your assumptions is that you are not necessarily paying taxes to fund an IRA.


Form 8288 is to report to the IRS withholding of capital gains tax that may be due from the seller. Foreign nationals don't always file tax returns, so they often didn't pay capital gains tax on properties that they sold. Congress decided to make the buyers responsible for this tax so that they would have a better chance of collecting it. There is a penalty against the buyer if that tax is not withheld. Your attorney should have filed this form on your behalf as part of the closing papers. I think your first step is to look at your copy of the closing papers and see if money was withheld from the sale. There definitely should be disclosure of these requirements before the sale. You should also follow up with your attorney to see whether he has already filed the forms 8288 and 8288-A on your behalf. If you had purchased for less than $300,000 (and were purchasing for your primary residence), you would not have to file that form, but since the property was under $1,000,000 the withholding rate is only 10% (rather than 15%).


>so it is a bit of a catch-22.    Yeah it's definitely a trade off that can pay off.   I guess I shouldn't be so self rightious about it. I made a similar trade but I spent those years in the Marines. That was instrumental in me landing my current kick ass position (due to professional networks, not direct experience) but that isn't a prerequisite for the job.   Regardless, it's definitely something that needs to be fixed. Not nipping this in the bud could turn into the single greatest management failure of a generation. We should all work to correct it once we are in positions of influence.


You won't get a meaningful answer on #1, partially because it's politically charged, and partially because there are too many  unknowns.    To begin with, the policy itself is not fleshed out.  Even if it were, its impact would be open to debate.  Lowering the corporate tax rate will be accompanied by closing certain loopholes, more companies paying US tax instead of shifting income abroad, and it will also impact the level of economic growth.  Each of those assumptions will have a massive impact on the ultimate effect on the debt.


Obviously it must have been an esthetics thing because they didn't sell, did they? And for any real change to occur is massive adoption of new modfes of transportation and massive capital outlays by Government. Anyone who thinks the private sector is capable of making this change on it's own is delusional.  BTW - here are some new technologies that will be hitting the market in coming decade:  http://www.popularmechanics.com/cars/news/fuel-economy/6-prototype-engines-to-get-your-brain-firing#fbIndex1  http://www.bbc.co.uk/news/technology-15735478  http://www.smartplanet.com/blog/science-scope/top-10-solar-power-advances-to-watch/1509  http://www.timesunion.com/business/article/Solar-power-advances-bringing-down-cost-1398100.php


Research Affiliates expects a 10-year real return of about 1.3% on REITs.  See the graph on Barry Ritholtz's blog.  Here's a screenshot from the Research Affiliates website that shows how they calculated this expected return:


"There are many variables to this answer. One is, how close are you to the average salary range in the industry you are working in. If you are making more than average it would make sense that you are not getting a big raise from the employer's perspective. You have to be a top performer if you are looking for the top salary range. Big raises come from promotions or new jobs, generally speaking.  The short and personal answer is, I worked at a big company (bank) and now know that companies do not give large raises to people as a rule.  Honestly the only way to make good $ is to leave, all employers have all kinds of excuses as to why they are not giving you significant raises. Large raises and bonuses are reserved for ""management"". The bigger the company, the less likely it is that they will give you raises just because, esp. above 3-5%. At the same time, the market sets the rate, and if you are not getting passively recruited, it may mean that you need to work on getting a broader skill set if you are looking to make more $ somewhere else. The bottom line is, you have to think of yourself as a free agent at all times. You also need to make yourself more attractive as a potential hire elsewhere."


When paying off multiple debts there is a protocol that many support. Payoff your debts according to the snowball method. The snowball method proposes that you make minimum payments on all debts except the smallest one. Payoff the smallest debt as quickly as possible. As smaller debts are paid off, that makes one less minimum payment you need to make, leaving you with more money to put against the next smallest debt. So in your case, pay off the smaller debt completely, then follow up on the larger one by making regular payments at least equal to the sum of your two current minimum payments. You'll see immediate progress in tackling your debt and have one less minimum to worry about, which can serve as a little safety of it's own if you have a bad month. As to saving the thousand dollars, that is pragmatic and prudent. It's not financially useful (you won't make any money in a savings account), but having cash on hand for emergencies and various other reasons is an important security for modern living.  As suggested in another answer, you can forgo saving this thousand and put it against debt now, because you will have a freed up credit card. Credit can certainly give you that same security. This is an alternative option, but not all emergencies will take a credit card. You typically can't make rent with your credit card, for example. Good luck paying your debts and I hope you can soon enjoy the freedom of a debt free life.


You seem to have a grasp of the basic principles involved, but your estimation of the risk you are taking seems a bit low. Your non-investment reserves are unlikely to cover your expenses for more than a month, so the chance that you would need to sell investments to cover additional expenses is high. You mention that I am flexible with the 'cash on hand' amount. For instance, for about three months I put a very tight spending/investing freeze on my life because I knew I'd be leaving jobs and moving (I already had the other job lined up). Those savings presumably went toward moving expenses, as your usual savings were insufficient. In the event that you are laid off suddenly, you might find yourself in the same position again, with added unplanned expenses like fees for breaking a lease. Your current plan involves selling investments to cover the gap. Based on your age you have probably only invested in a predominantly positive market, so the chance that you might need to sell investments for cash seems like a reasonable trade-off for the added potential gains. Your perception might change if the markets go south and you are forced to sell into a down market, possibly at a significant loss. You also don't indicate if your investments are currently sufficient to cover an extended period of unemployment. You are taking on a lot of risk under your current plan. Essentially you are trading possible investment gains for flexibility and time. By making small changes like saving at least enough to move as you did previously, you can give yourself time to react to job loss or other unexpected financial need. Rather than give the traditional emergency funds advice, I suggest you look at the broader picture. The total amount of savings/risk is up to you, but you should consider your current savings as insufficient to rely on as a safety net.


Because, compared to other professions, there is.  Actuary is borderline the definition of a trade skill. A high paid, high skill trade, but a trade none the less. That is why the pay structure works the way it does.  That is why it is mostly on the job training.  All the things you think are appealing (paid for passing tests, high base pay) are also directly related to the fact that there is a defined ceiling.  Sure, some actuaries break through, and make it to the top of organizations but guess what; most of those that break through are no longer doing actuarial work and are not being promoted for their actuarial skills.  They break through *despite* the trade nature, not because of it.


Sounds like apple is using leverage, derivatives and its balance sheet responsibly. The numbers are big because this is the largest company in the world.    Obviously, they are gonna get in trouble if people stop buying iPhones, but if there core business remains healthy they will have no issue accessing capital markets to issue debt.   The foreign cash holdings is actually held at bank accounts in ny or ca held in US government securities as tax law allows.  If they sell government securities and use the cash they will be subject to the 35% tax.  In any case the only risk I see at these levels is apple may be taking corporate credit risk it doesn't understand or can't model....  I didn't realize how big these financial operations were getting - great share!


You can look the Vanguard funds up on their website and view a risk factor provided by Vanguard on a scale of 1 to 5.  Short term bond funds tend to get their lowest risk factor, long term bond funds and blended investments go up to about 3, some stock mutual funds are 4 and some are 5. Note that in 2008 Swenson himself had slightly different target percentages out here that break out the international stocks into emerging versus developed markets. So the average risk of this portfolio is 3.65 out of 5.  My guess would be that a typical twenty-something who expects to retire no earlier than 60 could take more risk, but I don't know your personal goals or circumstances. If you are looking to maximize return for a level of risk, look into Modern Portfolio Theory and the work of economist Harry Markowitz, who did extensive work on the topic of maximizing the return given a set risk tolerance.  More info on my question here.  This question provides some great book resources for learning as well. You can also check out a great comparison and contrast of different portfolio allocations here.


From HMRC Note that the rule is when a person becomes entitled to payment of earnings. This is not necessarily the same as the date on which an employee acquires a right to be paid. For example, an employee's terms of service may provide for the employee to receive a bonus for the year to 31 December 2004, payable on 30 June 2005 if the employee is still in the service of the employer on 31 December 2004. If the condition is satisfied the employee becomes entitled to a payment on 31 December 2004 but is only entitled to payment of it on 30 June 2005. So PAYE applies to it on 30 June 2005 and it is assessable for 2005/06. The date that matters is the date the employee is entitled to be paid the bonus.  But why are you worried about paying tax. That is your employer's responsibility and they will do it for you. Ask you firm's finance department also for further clarification. HMRC are not an organization to mess with, they will tie up your life in knots.


"I get it - you hate california, as evidenced by you calling it ""the most overrated strip of land on God's green earth.""  Your clearly biased against the area.  But the numbers work out.  Your not just making three figures - in my offer, and in most mid career offers, your making 200k+.  You talk about these groups of triple digit income devs living in a house together - yeah this does happen in some cases, mostly in San Fran.  Look dude, I have friends out there who work for these companies, I've been offered and done the math knowing the real facts.  I'm not here to say California, and more specifically the valley is cheap, I'm just saying for someone in tech the money usually works out as better out here (if your not buying a house, I should mention - I'm younger and have no desire to be tied down to a house), the career trajectory perks are here, and the perks and nature factor are real.  I live in the Midwest - I get it, you like it here.  But of you think having to drive 3 hours down to red river gorge to see actual terrain, as in something more than ant hills, is great access to nature then we clearly have different ideas on what sorts of nature we enjoy.  I myself am a backpacker and mountain biker so the west coast is much better for my hobbies.  Moab would be ideal, but there are no jobs there, but that's part of the reason I turned down my valley offers for a 100% remote gig so I can travel to those sorts of areas."


"I disagree with the selected answer. There's no one rule of thumb and certainly not simple ones like ""20 cents of every dollar if you're 35"". You've made a good start by making a budget of your expected expenses. If you read the Mr. Money Mustache blogpost titled The Shockingly  Simple Math Behind Early Retirement, you will understand that it is usually a mistake to think of your expenses as a fixed percentage of your income. In most cases, it makes more sense to keep your expenses as low as possible, regardless of your actual income.  In the financial independence community, it is a common principle that one typically needs 25-30 times one's annual spending to have enough money to sustain oneself forever off the investment returns that those savings generate (this is based on the assumption of a 7% average annual return, 4% after inflation). So the real answer to your question is this: UPDATE Keats brought to my attention that this formula doesn't work that well when the savings rates are low (20% range). This is because it assumes that money you save earns no returns for the entire period that you are saving. This is obviously not true; investment returns should also count toward your 25-times annual spending goal. For that reason, it's probably better to refer to the blog post that I linked to in the answer above for precise calculations. That's where I got the ""37 years at 20% savings rate"" figure from. Depending on how large and small x and y are, you could have enough saved up to retire in 7 years (at a 75% savings rate), 17 years (at a 50% savings rate), or 37 years! (at the suggested 20% savings rate for 35-year olds). As you go through life, your expenses may increase (eg. starting a family, starting a new business, unexpected health event etc) or decrease (kid wins full scholarship to college). So could your income. However, in general, you should negotiate the highest salary possible (if you are salaried), use the 25x rule, and consider your life and career goals to decide how much you want to save. And stop thinking of expenses as a percentage of income."


">  it emerged in Parliament that the European Commission, in return for allowing the nationalisation of the Rock, had placed a limit on how long the bank could stay in state ownership.  EU acts as though it's doing a favor by ""allowing"" Britain to nationalize its own bank? Shouldn't they be thrilled? Isn't the British Taxpayer the one footing the bill? And look at what a festering dung hole the eurozone has become. One can only guess what backroom deals have been hatched by wealthy investors to ""allow"" the breaking of EU rules by their counterparts in other countries."


When you sell a stock that you own, you realize gains, or losses. Short-term gains, realized within a year of buying and selling an asset, are taxed at your maximum (or marginal) tax rate. Long term-gains, realized after a year, are taxed at a lower, preferential rate. The first thing to consider is losses. Losses can be cancelled against gains, reducing your tax liability. Losses can also be carried over to the next tax year and be redeemed against those gains. When you own a bunch of the same type of stock, bought at different times and prices, you can choose which shares to sell. This allows you to decide whether you realize short- or long-term gains (or losses). This is known as lot matching (or order matching). You want to sell the shares that lost value before selling the ones that gained value. Booking losses reduces your taxes; booking gains increases them. If faced with a choice between booking short term and long term losses, I'd go with the former. Since net short-term gains are taxed at a higher rate, I'd want to minimize the short-term tax liability before moving on to long-term tax liability. If my remaining shares had gains, I'd sell the ones purchased earliest since long-term gains are taxed at a lower rate, and delaying the booking of gains converts short-term gains into long-term ones. If there's a formula for this, I'd say it's  (profit - loss) x (tax bracket) = tax paid


And we're talking only about trumps tax plan which is at 15%. Everyone wants to pay less taxes doesn't mean it's affordable. The Fortune 500 need to fork up the money. You know what would save you money? Bailing out homeowners by taxing the Fortune 500 500b and dishing out refinancing 100k to 5m owners at 1% which will all be returned to the coffers. Borrowing more and more pretending like it's poor people's fault isn't solving shit.


"I never put race into it, but ok...  I hear lots of interesting stories about teaching. The most recent involves an experimental program where the teacher performance isn't graded on student outcomes but how well they're following the narrative defined by the program. Every few years teachers are handed new programs that the district curriculum people bought and told ""you're going to teach $subject using this program now!"" (sometimes those programs work better for different groups of students - the ones that it was evaluated with do great, the ones in different neighborhoods are failed by the program) The programs are implemented district wide and the teachers are told not to deviate from the programs.  Sometimes you get a superintendent into a district who decides that ""no child left behind"" means ""no child can be held back"" and so you get children hitting second or third grade without being able to identify the letters in the alphabet, let alone read.  A recent [example](http://emergepeoria.blogspot.com/2012/06/this-is-open-letter-to-d150-board-of.html) from the town I grew up in."


There might just not be anything useful for you to do with that 'value'. As others mentioned, HELOCs have their risks and issues too. There is no risk-less way to take advantage of the value (outside of selling) It is similar to owning a rare stamp that is 'worth a million' - what good does it do you if you don't sell it? nothing. It is just a number on a sheet of paper, or even only on some people's minds.


"Here is where I am confused. On the income statement I am looking at it has a line item in cogs that is ""change in jobs in progress"".   Change in JIP =  (Starting raw materials, wip, and finished goods) - (Ending raw materials, wip, and finished goods) for the accounting period.  From what I researched cost of goods manufactured is added to cogs:  ""The formula for the cost of goods manufactured is the costs of: direct materials used + direct labor used + manufacturing overhead assigned = the manufacturing costs incurred in the current accounting period + beginning work-in-process inventory - ending work-in-process inventory.  A manufacturer's cost of goods sold is computed by adding the finished goods inventory at the beginning of the period to the cost of goods manufactured and then subtracting the finished goods inventory at the end of the period.""  So it isnt wip that is in the income statement it is change in inventory. Why do they include the ""change of inventory"" in cogs? Wont this just be material and labor that should be in for the next accounting period cog calculation?"


Once again, I never said we 'give up'. Find those words in my statement! Don't you find it odd you're stating what you feel is implied and then claim you didn't assume? I didn't imply anything except what I said. It's not time now, it was time a long time ago. Nader is slow and ineffective.


"Jesus Christ dude, your entire comment. Let's start with the blatently and simply wrong.  >Even Wal-Mart can't come close to matching it.  Walmart operates on a ""just in time"" basis that they operate themselves, with as many walmarts that exist around the country, you can go witness this by yourself, every day of the week 364 days a year.  >Whole Foods, on the other hand, is a mess. That's why they were struggling to compete against other big supermarket chains who started offering organic foods too.  WF can't compete because their entire business model is unsustainable, it has nothing to do with logistics and everything to do with how the grocery business works. You can't lower prices when you're covering up for high losses on other parts of the store, that is why they're expensive. The only thing Amazon can bring to the equation is a system in which WF suddenly can operate at a loss and Amazon share holders simply don't care, like they haven't cared for the last 20 years amazon has made ""no money""."


The value to you of a tax free fund is going to depend largely on your current marginal tax bracket. For example if you had a regular MM that was paying 1% and it was taxable, then your net off that one percent would be  If the tax free MM fund pays .75% then you would be a tiny bit ahead using it, if you are in the 28% bracket, but you would be behind if you are in anything lower than 25%   The primary market (IMHO) for Tax Free money market funds is for high wealth individuals who are in the 33 OR 35 percent brackets


When you give your credit card number and authorize a merchant to charge your credit card, the merchant then gives the information to their merchant processor which in turns bills the bank that issued the card (it's a little more complex and it all happens instantly unless the merchant is using the very old fasion imprinting gizmos). It is possible for a merchant to attempt to charge you more than you authorized but if they do they risk a fine ($25-$50 for a chargeback) from their processor, the legitimate portion of the charge as well as increasing the processing fees charged by their processor or even the possibility of loosing their merchant account entirely and being permanently blacklisted by Visa/Mastercard. In short no legitimate business is going to intentionally over charge your credit card.  There really isn't significant risk in using a reputable online retailer's order forms. There is the possibility that their database could be compromised but that risk is lower than the risk of having an employee steal your credit number when you give it to them in person. Besides in the US at least the most you can legally be held liable for is $50 assuming you notice the discrepancy within 60 days of statement the charge appears on and most banks limit liability to $0.  Over the years I have had a number of different credit card numbers stolen and used fraudulently and I have never had to pay any fraudulent charges.


This is finance, just because your from India doesn't mean much (And I was born and spent a good part of my youth in Kerala). I pretty actively invest in emerging markets and while India has a large number of problems, it is still looking like a good investment in this global environment.


There is such a thing as a buy-write, which is buying a stock and writing a (covered) call simultaneously. But as far as I know brokers charge two commissions, one stock trade and one options trade so you're not going to save on commissions.


[Eliminating breaks **would allow the government to simplify the tax code and broaden the base of income** against which taxes are levied] [The dilemma—which Republicans are colliding with right now—is that many of the biggest tax breaks, especially for individuals, are **popular and hard to dislodge.**]


"Usually, the amswer to ""why sell it"" is ""to maintain the specific distribution balance, or to track the index, that this fund was designed to offer."" A ""buy and hold"" fund could only buy when users are actively putting money into it. That limits their ability to follow those approaches.  And I think there would be problems msking withdrawls/redeptions ""fair"", in terms of what shares are sold and how the costs for selling them are distributed, that don't arise for a single buy-and-hold investor. If you're willing to accept the limitations of the former, and can overcome the latter, it's an interesting idea...  But note that one of the places index funds save money is that, since the composition of indexes changes rately, they are already operating mostly in buy-and-hold mode.It's unclear how much your variant would save. Worth exploring in greater depth, though. I think."


"It's really not an ""either-or""... it's BOTH.  They each have their place & use.  * 2-sided business cards are best thought of as **""miniature advertising brochures""** (shirt pocket/wallet-sized) -- great for certain types of businesses -- and for being generic (and cheap) handouts at show booths, conventions, etc. (Plus you can issue a stack of them to ANY employee -- 2-sided cards should be ""company"" cards, *sans* any individuals names or contact info -- just the general company phone number, website, etc).  *Other than being mere ""advertising"" one useful option is to make the back of the card have something VALUABLE on it (something that makes the person KEEP it) -- calendars, industry reference info (chart/table/common calculations, etc).*  * 1-sided business cards are **personalized ""calling cards""** (logo, person's name, title & SPECIFIC contact info, phone + ext, email, etc -- in addition to base company info) -- you use them when meeting people SPECIFICALLY & PERSONALLY -- and you want the back to be blank for you (or them) to scratch notes, etc. (in fact even leaving some white space on the front is a good idea).  EDIT: ***[This guy's got it nailed!](http://www.reddit.com/r/business/comments/2cjxja/one_sided_business_cards_or_two_sided/cjg8jox)***"


"> fucking buddhists or christians or whatever other hocus pocus religions  Racist. This right here shows exactly how backwards your views are. You religion is cool. Everyone who is different? Fuck em. Those are YOUR words.  Being in the KKK is not a religion protected by the first amendment. That may be one of the dumbest arguments you've used (and you've used some REALLY dumb ones today).  I'm so over this stupid conversation. I know you're desperate for the last word, so have at it. Make any last stupid, ignorant points that you feel the need to. Then you can run and tell your buddies at /r/the_donald all about how ""wrong"" I was. After that, you can fuck right off.  To summarize: You're a racist piece of shit, your views are based on FALSE assumptions, and you're spouting ""information"" that is dangerous, stupid, wrong, and not at all based in reality. Have a great rest of the day, you worthless fuck. Good night, and don't let the evil Muslims bite!"


As the other answer already states, whether you should or shouldn't currency-hedge your equity investments depends on a lot of factors. If you decide to do so, depending on your investment vehicles, there might be a more cost-efficient way than arranging a separate futures contract with a bank: If you are open to (or are already investing in) ETFs, there are currency-hedged versions of some popular ETFs. These are hedged against the currency risk for a specific currency; for example, if you are buying in (and expecting to sell for) USD, you would buy an ETF hedged to USD. Of course they have a higher expense ratio than non-hedged ETFs since the costs of the necessary contracts are included in the expenses.


Sharpe ratio can work but is often too complex for retail traders.  Consider using R-Multiples, where R is the amount risked on the trade. If you're risking 100 and you make 200, that's a 2R trade.  There's no right R multiple and it's dependent on your trading style.  Van Tharp's books help describe it better.


It was actually meant to be more of just a joke comment. But it doesn't take very many successful billion dollar lawsuits to justify $10 million a pop.  Personally I think that part of the patent reform solution is that patents are non-exclusive; however, licensing must be set up before use including free licensing if the owner wants to public domain it. If the two parties can't agree to terms then it goes to a arbitrator to set the the licensing fees which is binding. The arbitration will take into account the research and development costs required, likelihood of the same thing being independently created, estimated profits from products using the patent, etc.  Of course the core issue is granting patents for silly stuff but since the ones already in existence are presumably grandfathered in I think enforcing market driven licensing fees is the best way to prevent all of the dumb lawsuits going on. The patent holder gets its money or maintains market advantage if the licensing fee is so high that no one wants to pay it and it doesn't prevent competition from using other another party's patented ideas.


"I focus on market research, which is both quant-heavy and quant-lite. Many times I can back up my strategy with numbers (""data-driven decisions""), but many times I just have to rely on qualitative findings.  Obviously the most quantitative MBA jobs are in finance and management consulting. Probably the least is strategy, but then that's a skill that you either have or don't have."


"Right. Because there was no profits. The company managed to grow by keeping very tight control of costs with respect to revenue. It's not a loophole. The alternative is spending less or charging more. Either of these things probably has significantly worse outcomes to the company - slower growth due to lack of reinvestment in the business, or slower growth due to not attracting as many customers through competitive pricing. What they have done is become a very valuable company due to a strong revenue stream. (You can ask whether a strong revenue stream alone is enough to justify their valuation, but investors seem to think so, and it also seems to indicate that they expect the stock price to continue rising or they wouldn't spend that much.)  When Amazon started, I remember people joking ""they lose money on every sale, but they make up for it in volume"". Seems to have worked out for them in the long run."


so quick stats from wikipedia:  * Applebees: As of December 2015, there were **2,033 US locations**  * IHOP: As of 2015, there were **1,650 IHOP** restaurants in the US  so applebees is closing around 4% of their stores  IHOP is closing 1%  This is pretty insignificant. why is this news?


"Anytime you do work without any payment until the work is complete, you are effectively extending credit to the party receiving your service. How much credit you are willing to extend will vary greatly, depending on the amount and the trustworthiness of the party. For example, if you are charging $50 for something, you probably won't bother to collect money upfront, whereas if you are charging $5,000 you probably would collect some upfront. But if the party you are working for is a large financially sound company, the number may be even much higher than $5K as you can trust you will be paid. Obviously there are many factors that go into how much credit you are willing to extend to your customer. (This is why credit reports exist for banks to determine how much credit to extend to you.) As for the specific case you are asking about, which may be classified as a decent amount of work for a small business, I would default to having a written scope of work, a place in the document for both parties to sign, and specify 50% upfront payment and 50% payment at completion. When you receive the signed document and the upfront payment (and possibly even after the check clears), you begin work. I would call this my ""default contract"" and adjust according to your needs depending on the size of the job and the trustworthiness of the customer. As for your question about how to deposit the check, that depends on what type of entity you are. If you are a sole proprietor you should ask for the checks to be made out to you. If you are a business then the checks should be made out to your business name. You don't need ""in trust"" or anything similar because your customer, after paying the upfront fee, must trust that you will do the work you promise to do, just like you have to trust that after completing the work you will receive the final payment. This is the reason the default is 50% before and after. Both parties are risking (roughly) the same amount. Tip: having done the ""default"" contract many times in my career, both as a sole proprietor and a business owner, I can assure you there is a big difference between a potential customer agreeing to something in advance, and actually writing a check. The upfront payment definitely helps weed out those that were never going to end up paying you, even if their intentions were good. Tip 2: be as specific as possible as to what the scope of work will include. If you don't, particularly with software, they'll be adding feature after feature and expecting it to be ""included""."


Depends on how the overtime works.  When I worked for an oil pipeline company overtime paid 2x past 40 hours, and 4x past 60 hours.  Also if you worked a holiday you got paid for the holiday plus the hours you worked, and the hours counted as overtime even if you weren't at 40 hours yet.


"For the really big money, you've missed the boat. Most will have MSc's in finance by now; which, even in my day 20 years ago, was a minimum entry requirement.  There's a well known book of questions that used to get asked in interviews called ""Heard on the Street"". It'll let you know whether you can cut it on the floor or you're better off in middle or back office. It's very old but typical of the understanding and mind type you need.  Investment management should be a possible. It's a totally different pace of life.  If you're talking accounting, you'll be fine!"


Heck no, don't spend more! I saved a ton of money when I got my first real job. You won't always be able to do this.  Save a bundle while you can.


"Oh I see, as a ""Chicagoan""? Well I guess if you were from Detroit, Stockton, Mammoth Lakes, Jefferson County, Harrisburg, Central Falls, or Boise County you might understand why it might be necessary to force a government entity to actually back up their retirement plans with real investments."


I would argue no. It's easy to correlate home prices based on size, neighborhood, school district, condition and other factors, such as property taxes. In fact, real estate people and government assessors use those characteristics to assess property value. The demographics of a home will drive desirability/demand for the property. Combine that with the cost and availability of capital, and house prices are relatively predictable.


A lot of online savings accounts, and even high-yield checking accounts, have equivalent or better rates than CDs.  So, do you research, and I bet you can find a great rate, while keeping your money liquid. The problem with CDs is that you can't get at your money until the CD matures (without paying penalties).  If you can keep the money in a savings (or high-yield checking) account you will be much better off. Ultimately, a blend of the two approaches may be the best option.


If you knew Cohen's secretary you would know that it's no longer called SAC. Also my uncle totally works at Nintendo so I get all of the best games but you can't see them because he swore me to secrecy.  Translation: You're a dipshit.


Seek professional advice as duffbeer703 has suggested already.  Very important! Consider incorporating.  If your income will fluctuate year to year, you can keep profit in the corporation, taxed in its hands at the Canadian small business rate, since such corporate income below $500,000 would likely qualify for the small business deduction. You could pay  retained earnings to yourself as dividends over more than one year in order to lessen the personal tax burden. If you don't incorporate, all your profits in the year they are earned are taxed at personal income tax rates, and with our progressive income tax system, taking the tax hit all in one year can be expensive.  However, if this project is a one-off and you're not likely to continue working like this, you might not want the overhead of a corporation.  Taxes aside, there are also legal issues to consider vis-a-vis incorporating, or not. A professional can help you make this decision.   Yes, you can claim deductions for reasonable business expenses, whether or not you are incorporated. No, you can't do free work on the side and claim it as donations.  It's nice to volunteer, but you wouldn't get a charitable tax credit for your time, only for money or goods donated. Consider opening an RRSP so you can start saving for retirement and get a tax deduction for any contributions you make.  This is but one strategy to reduce your tax.  There are others.  For instance, if you are a student, you perhaps have some unused tuition credits that you could claim in your first year with higher income. Oh, and seek professional advice!   ;-)


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My local shopping store giant does 'online shopping', and by that I mean you can order your stuff, pay extra online etc etc, then another extra fee to reserve your time that you DRIVE TO THE STORE and pick it up. (and some times fill up So be quick, rofl)  I mean sure fills a small NICHE, but why do online shopping without delivery, especially when they are charging all the extra fees already.  I look forward to Amazon wiping these guys out.


"Ok, would  ""a form supply -side economics"" make you feel better about the term? Because you responded to zero points?  Company's force workers to stay: they can't work or move to a job in the same industry. That benefits firms. Firms knowing this can deny raises, promotions, stock options.  They can spend less on recruiting/training and pay employees less because they know the employee has little incentive to leave. This limits firms expenses the same way a tax break could. It's done under the guise of keeping Idahos tech workers in Idaho because the idahos tech bubble is good for the ""common man"", while allowing CEOs and Boards to spend less and reap benefits and bonuses for staying under budget."


In summary, you are correct that the goal of investing is to maximize returns, while paying low management fees.  Index investing has become very popular because of the low fees.  There are many actively traded mutual funds out there with very high management fees of 2.5% and up that do not beat the market.  This begs the question of why you are paying high management fees and not just investing in index funds. Consider maxing out your tax sheltered accounts (401(k) and ROTH IRA) to avoid even more fees on your returns. Also consider having a growth component of your portfolio which is generally filled with equity, along with a secure component for assets such as bonds.  Bonds may not have the exciting returns of equity, but they help to smooth out the volatility of your portfolio, which may help to keep peace of mind when the market dips.


Fundamental Analysis can be used to help you determine what to buy, but they won't give you an entry signal for when to buy. Technical Analysis can be used to help you determine when to buy, and can give you entry signals for when to buy. There are many Technical Indicator which can be used as an entry signal, from as simple as the price crossing above a moving average line and then selling when the price crosses back below the moving average line, to as complicated as using a combination of indicators to all line up for an entry signal to be valid. You need to find the entry signals that would suit your investing or trading and incorporate them as part of your trading plan. If you want to learn more about entry signals you are better off learning more about Technical Analysis.


"Usually you gotta build those tools for yourself :P, you can usually build em in excel  as its fairly easy and sort to see what is the most profitable, you can code most of the heavy lifting in excel, monte carlo/""complex"" methods you probably won't even need...   I'm a strong proponent of R however what you're doing is not that complex....  edit: I accidently a word."


> QE is used to buy debt.  That's correct.  Those mortgage securities are **owed** to the US.   The difference in interest between the mortgage interest and the interest the treasury is paying out is returning   > How about we go the route Japan has gone?  Non-sequitur.  And I notice you didn't answer the question, perhaps due to the typo.  Why do \[you\] conflate QE with the debt?


I don't know if BJ's or Costco is by you, but sharing a membership can make sense. Not just the annual fee, but splitting certain items that are just too big. The 20 pack of batteries, the 30lb sacks of potatoes, etc. Anything you look at and realize you won't use it before it goes bad or have no place to store it. Size is one objection I hear regarding the warehouse stores and a splitting buddy can help.  To James' point - Yes, kids are cruel. We live in a nice area, and I pride myself on driving the cheapest car on the street. In the last two years, two neighbors (of 8 of us on this cul-de-sac) have downsized. They needed to take the difference and use it for college tuition. I explained to my daughter, when you see a kid in a big house, you don't know two key things: how big their mortgage is, and how much have they saved for college/retirement.


That's a lot more credit than I'm willing to give trump. I think he grew tired in the negotiation and saw that as the short term solution. His history is one of taking the simplest and quickest solution to a problem.


"E-merchant is already one of the top six digital marketing companies and among top 30 SEO companies nominated by topseos.in an independent authority on Search vendors in India.Technology has not proved to be a great enabler but has also given him the means to do business worldwide. ""Today you don't need deep pockets and a big establishment - but even small men and small companies can compete globally"", he says."


>You can't let businessmen engage in fraud and sell you a phony/defective product and argue that we should leave it up to the free market to eventually detect and punish him.       A well functioning legal system is consistent with capitalism.  The problem is when you invoke prior restraint.


"> Harvey is not a bad guy, he actually has a big heart he just got corrupted and became a victim to his own appetites and endless access to fame seeking flash.  That can be said about virtually anyone who does bad things.  ""Oh, that pedo rapist isn't a bad guy. He actually has a big heart. He was just corrupted by his appetites and endless access to kids thinking he's a chicken nugget on social media and crawling into his white van. Honestly, HE'S THE VICTIM HERE!"""


Coincidentally just read a nice post on this topic: http://thefinancebuff.com/no-tax-advantage-in-rsu.html In short, sell the stock as soon as it vests and treat it as a cash bonus. Assuming you're in the US and the stock is possible to sell (public company, no trading window restrictions, you have no material nonpublic information, etc.)  What do you do with a cash bonus? If you have no savings, an emergency fund would be good, then start on retirement savings perhaps... it sounds a bit like you could use some broad general financial planning info, my favorite book for that is: http://www.amazon.com/Smart-Simple-Financial-Strategies-People/dp/B0013L2ED6 One exception to selling immediately could be if the company stock is hugely undervalued, but it probably isn't, and it's probably too hard to determine.


OP you should print one of these signs and put it on your tuk tuk, also put your number and get 1 or 2 shirts with the same info, it should help you to get recognized, and if you can, paint your tuk tuk in yellow or red too, good luck man.


"I think that all that money big donors are making from drugs, services and especially gas, which they will soon be selling for top dollar, three to five times what they get for it now- must figure. Insurance alone is an *extra* quarter to a third of a million dollars per person over their lifetimes.   And then [if we want to stop say the TTIP energy deal](http://action.sierraclub.org/site/DocServer/Analysis_of_EU_Energy_Proposal_TTIP.pdf), say the huge energy price increases are killing jobs, we'll have to pay again, too, right?   Because of the extremely controversial *""ISDS""* scheme of giving multinational corporations special rights to countries *unchanged* markets?  They have everything figured out."


If Syria had nuclear weapons, or Hamas had access to nuclear weapons, I am sure Israeli settlers would rather be buying condos in California than bombing unarmed women and children in Palestine.  Nuclear weapons for Palestine now!!!  Peace in the Middle east is at hand


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"> whether it's better to drop out of Harvard or graduate from Brown.  Lol, I'm sure the difference is negligible between those two. What he intended to say is ""whether it's better to drop out of harvard, or graduate with honors from a HBCU"".   I also encourage anyone that's been to a real university to audit, or shit, even spend a day hanging around, an HBCU and then argue with me me that ""we're all equal"". You think real unis coddle these mental midgets? Wait until you see an institution designed around it."


"Yes, you should contact the bank and report it.  They will eventually ""find"" that money if it's not yours.  You better get it over with rather than having more surprises later."


"StasM, It's taken a while but many banks offer tokens - although they tend to limit the accounts for which they will be issued. All of the following issue tokens, but there are many more: CitiBank JP Morgan Union Bank Wells Fargo Callaway Bank Wachovia Bank of North Dakota The River Bank of Wisconsin Metcalf Bank, Kansas Stonebridge Bank In 2005 federal regulators stipulated that banks needed to get better with security for online banking customers, but they did not endorse a particular technology. Tokens (aka fobs) were endorsed. The news was negatively received by the banks because putting more steps in the way of a customer drives the customer away. See this 2005 report for more info: http://www.usatoday.com/tech/news/computersecurity/2005-11-02-cybercrime-prevention_x.htm  My guess is a tipping point was reached since then, where customers became savvy of the risks, and that the ""extra steps"" became less an issue than the ""extra security""."


This is going to be a bit of a shameless plug, but I've build a portfolio tracking website to track your portfolio and be able to share it (in read-only mode) as  well. It is at http://frano.carelessmusings.com and currently in beta. Most portfolio trackers are behind a login wall and thus will lack the sharing function you are looking for. Examples of these are: Yahoo Finance, Google Finance, Reuters Portfolios, MorningStart Portfolios, and many others. Another very quick and easy solution (if you are not trading too often) is a shared google docs spreadsheet. Gdocs has integration with google finance and can retrieve prices for stocks by symbol. A spreadsheet can contain the following: Symbol, Quantity, Avg. Buy Price, Price, P/L, P/L% and so on. The current price and P/L data can be functions that use the google finance API. Hope this helps, and if you check out my site please let me know what you think and what I could change.


OTOH if you look at automobile purchases I don't know if anyone could tell you who the CEO of say, GM or Toyota or BMW is. Those purchases tend to be more emotional than anything else and not directly related to corporate or CEO behavior.


The issue with spending a lot on a particular project (e.g. SWAT) is that you're compelled to use it, even when it's not necessary. Same with riot gear, armored personel carriers, pepper spray, tazers, helicopters, rubber bullets etc. If you paid for it, you have to use it as much as possible. So you end up with more violence and death because of poor investments.  That said, there's of course a balance to be struck. No sargeant should be making $200k+ and no officer should be making <$40k.


Comments. The problem is they don't get downvoted though. They play to the crowd of reddit and every discussion ends up anti capitalism and anti trump  These views are fine, but its nice to have one sub with mature discussion. I'm not some big Trump fan, I'm not even American, its just nice to have a place where actual business can be discussed.  Like I said, if you don't like these rules there are hundreds of other subs. I think these rules work well because it keeps it a business sub and not just the same mess as the rest of reddit.


Here's how the CBO says the top 1% got their income in 2013 (latest data):      Source|% from source :--------|---------: Cash Wages and Salaries|33.4% Business Income|23.2% Capital Gains|19.1% Capital Income|11.2% Corporate Tax Borne by Capital|7.3% Other Income|3.2% Employer's Share of Payroll Taxes|0.9% Employee's Contributions to Deferred Compensation Plans|0.7% Employer's Contributions to Health Insurance|0.5%   And here are there definitions of the types of income:  * Labor income—Cash wages and salaries, including those allocated by employees to 401(k) plans; employer-paid health insurance premiums; the employer’s share of Social Security, Medicare, and federal unemployment insurance payroll taxes; and the share of corporate income taxes borne by workers.  * Business income—Net income from businesses and farms operated solely by their owners, partnership income, and income from S corporations.   * Capital gains—Profits realized from the sale of assets. Increases in the value of assets that have not been realized through sales are not included in the Congressional Budget Office’s measure of market income.   * Capital income (excluding capital gains)—Taxable and tax-exempt interest, dividends paid by corporations (but not dividends from S corporations, which are considered part of business income), positive rental income, and the share of corporate income taxes borne by owners of capital.   * Other income—Income received in retirement for past services and other sources of income.


"I have to disagree with you.   **Money is a store of value with which you can redeem your accumulated work for a  good or service you need, at any time.** Therefore, you don't have to wait until your crop has perished to trade it for what you need.  Any store of value that is not purely useful in terms of ""I can consume this"" or ""I can turn this into value directly through labor"" is essentially an IOU. It would be more accurate to say, in the context you provide, that for every asset (your apples) there exists an equivalent combination of liability (what you had to borrow to produce the apples) and equity (what you put in of your own in order to get the apples).  Since gold in this very simple hypothetical system has absolutely no use other than a **store of value**, it *is* debt. It is the promise that you will at some point in your process of transactions acquire the utility that you require. You can't fertilize with gold, but you can buy fertilizer. **Until you buy that fertilizer, you've only traded your harvest for a promise that you *can* buy your fertilizer.**  Something otherwiseyep didn't elaborate on very much, though he mentioned it and it is integral to his story, is the time value of money. That is, if I can borrow 10 gold pieces today for my future work accumulated, I'll pay you back 12 when it's done. This has an effect greater than just injecting value into the economy. It ensures that the negative value experienced by *not* having those 10 gold pieces will be compensated. Credit provides an opportunity for planning for the cyclical nature of markets. It provides an opportunity to make your transaction now - that you don't have to wait until harvest to trade your deer skins for apples.  >Economists like Paul Krugman seem to believe that everything can be fixed by increasing demand, but they totally ignore the costs of production. There exists plenty of demand in the US economy right now, but the cooper has died, the barrels must be brought from China.  I also disagree with this. Krugman emphasizes the *importance* of demand-side measures, not their exclusivity. Any policy must account for cost curves, and that economic profit for any firm is maximized when marginal revenue (the revenue increase or decrease of a single unit added to production) is equal to marginal cost. The U.S may have some demand right now, but if the cost of production were truly the issue, then these firms would be adjusting their capacity, and not sitting on trillions of dollars of currency that ought to be liquid.   If demand was really that high, companies wouldn't be stuffing their mattresses right now to keep the money injected into the economy by QE *out* of circulation. The real problem is that while  in the last few decades consumption has been climbing steadily, real wages have flat-lined, and now we have high unemployment. We can't raise wages, we can't hire more workers, and we still want our cars and houses and corn syrup and lead-filled toys.  This, I think we can agree, is where credit goes wrong: the gap between consumption and wages was filled with credit. The housing bubble manifested itself thus: not as simply a boom in quantity and a lowering in price, but a lowering in price as a result of faulty (dishonest and misleading) risk assessment - (by the same folks who downgraded US debt), and an implosion as a result of that debt systematically dissolving through defaults and foreclosures (to put it very, very, very, simply).  Instead of an increase in consumer credit, we need greater investment by the companies who currently sit on trillions of dollars of frozen cash. Those investments could be better managed, with transparent risk assessment and greater restrictions on lending policy.  Or, ideally, that money could be used to hire workers, expand plants and lower marginal costs.  To tie it back to your concluding paragraph, credit makes it possible to satisfy the demand for those barrels of apples by buying them at a fair market value from China. If it weren't for China's ability to provide the apples at a ""fair"" price (you can, for our purposes here, consider this price to be fair market value if you make a transaction - the selling price equals the buying price), there would be an apple shortage, and the price of apples would climb ridiculously high."


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Aggressively paying of Mortgage is better. If you have more cash available [assuming you have covered all other aspects i.e. emergency funds, retirement etc], the only question you need to ask is where will you invest and what returns would you get. So if your mortgage is say at 5%, if the spare money can get you more than this, its beneficial, if its in Bank CD with say near zero interest, its not worth it. However if you are sure you can make 10% returns on the investments, then go ahead and don't pay the mortgage aggressively.


"The opposite of an economic bubble is a bubble burst :p! Jokes aside though, an economic bubble occurs when the economy is in bull market mode and asset prices are growing very fast. It's usually measured by ratio's like price to earnings and the levels of various market indices. So, the opposite would be when valuations are falling very fast or are very low, and price to earnings ratios are low.  This condition is usually a recession. A recession is a market slowdown, generally after a bubble bursts, and severe recessions can become depressions if they last long enough (Great Depression, 1930s).  A bubble is not necessarily negative - stock prices usually rise a lot so paper wealth is greatly magnified. If you can get out in time, you're golden. Similarly, a recession isn't bad for everyone. Some investors keep large amounts of cash waiting for recessions so they can ""buy low, sell high"". For most people, however, recessions are negative because unemployment increases and some people get fired, and the economy slows down. Asset prices have fallen so their investments are worth less than they used to be (on paper), and people mainly have to bide it out until the market starts growing again."


"I believe that your option contracts will become ""non-standard"" and will be for a combination of ACE stock and cash.  The allocation between stock and cash should follow that of the acquisition parameters of the underlying - probably with fractional shares converted to cash. Hence 1 call contract for 100 shares of CB will become 1 call contract for 60 shares of ACE + $6293 cash + a cash correction for the 0.19 fractional share of ACE that you would have had claim to get.  The corrections should be 0.19 sh x $62.93/sh."


Sure is,  they all can,  but let’s not pretend that speech’s to wall street isn’t a reward for behavior.  Like if he was so anti bank pro consumer why would they be friends.  Just saying they are all in on it.  They are all the same and the more we fight each other and pick sides and everyone not on my/yourside is wrong the less we get done for our benefit.


> To me that's a failure on a collective level.  I'd say it's more of a failure on a personal level. Without the mass of wealth that exists due to capitalism and free trade, there would be nothing to support anyone with. We wouldn't have to worry about these conversations because there would be no internet and we'd be too worried about killing wild dogs to eat and fending off the rest of the pack so they wouldn't kill us. I think you're taking a lot for granted.  >The service industry employs a big chunk of the country. If the people whom they employ can't eek out a living then something should be done. Minimum wage has existed for many years now and is not controversial.  Inflation isn't seen as controversial either, but it should be. Here's someone that finds it controversial: https://www.youtube.com/watch?v=Rls8H6MktrA


"From your question, I believe that you are looking for what these mean in accounting terms and not the difference between a debit and a credit card. I'll deal with purchase and sale first as this is easier. They are the same thing seen from different points of view. If I sell something to you then I have made a sale and you have made a purchase. Every sale is a purchase and every purchase is a sale. Debits and Credits are accounting terms and refer to double column accounting (the most common accounting system used). The way a set of accounts works is, accounts are set up under the following broad headings: The first 3 appear on the Balance Sheet, so called because the accounts balance (Assets = Liabilities + Equity). This is always a ""point-in-time"" snapshot of the accounts (1 June 2015). That last 3 appear on the Profit and Loss sheet, Profit (or loss) = Income - Cost of Goods Sold - Expenses. This is always an interval measure (1 July 2014 to 30 June 2015). Changes in these accounts flow through to the Equity part of the Balance Sheet. When you enter a transaction the Debits always equal the Credits, they are simply applied to different accounts. Debits increase Assets, Cost of Goods Sold and Expenses and decrease Liabilities, Equity and Income. Credits do the reverse For your examples: 1. a customer buy something from me, what is the debit and credit? I will assume they pay $1,000 and the thing cost you $500 Your cash (asset) goes up by $1,000 (Debit), your inventory (asset) goes down by $500 (Credit), your Sales revenue (income) goes up by $500 (credit). This gives you a profit of $500. 2. a customer buy something of worth 1000 but gives me 500 what is     debit and credit Your cash (asset) goes up by $500 (Debit), your debtors (asset) goes up by $500, your inventory (asset) goes down by $500 (Credit), your Sales revenue (income) goes up by $500 (credit). This also gives you a profit of $500. 3. if I buy a product from supplier worth 1000 and pay equally what is credit and debit I assume you mean pay cash: Your cash (asset) goes down by $1000 (Credit), your inventory (asset) goes up by $1000 (Debit). There is no profit or loss here - you have swapped one asset (cash) for another (inventory). 4. if I buy a product from supplier worth 1000 and don't pay what is credit and debit Your creditors (liability) goes up by $1000 (Credit), your inventory (asset) goes up by $1000 (Debit). There is no profit or loss here - you have gained an asset (inventory) but incurred a liability (creditors). The reason for confusion is that most people only see Debits and Credits in one place - their bank statement. Your bank statement is a journal of one of the banks liability accounts - its their liability because they owe the money to you (even loan accounts adopt this convention). Credits happen when you give money to the bank, they credit  your account (increase a liability) and debit their cash balance (increase an asset). Debits are when they give money to you, they debit your account (decrease a liability) and credit their cash balance (decrease an asset) . If at the end of the period, you have a credit balance then they owe money to you, a debit balance means you owe money to them. If you were keeping a book of accounts then your record of the transactions would be a mirror image of the bank's because you would be looking at it from your point of view."


As everyone is saying, this depends on a lot of variables. However... I had my dad help me with the downpayment on my house. In my case, the cost of mortgage payment and all maintenance expenses is still lower than paying rent. If I sell my house and walk away from the closing office with just $1 then I've still come out ahead compared to renting. The New York Times has a fantastic tool figure out if it's a good idea to buy vs. rent. http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=0 It's asks all the relevant questions, and then it tells you how cheap rent would have to be make it the better option.


For sure accreditation is meaningless, especially if you're dealing with the more savvy and sometimes younger consumers.  But if you're in B2B and your customers are old school businesses, I think that they may have a different view on the BBB.


Those are towns with dwindling populations. Val D'or, the core of it, for instance is like 2 miles by 2 miles and has 3 McDs. All the kids in the province go study in bigger cities like Quebec or Montreal when fall comes because college is practically free and university is really cheap. This is not news, merely that those towns have too much fast food joints for their population anyway.


The Deploy is the first diamond bow offered by the binary cam system, which until now has only been offered with the Bowtech brand. The big binary cameras are that they hit each other and therefore always become almost perfect sync, even if there is a cable or cable stretching over time.


"Look into:  ""State forestry tax deferment plan providing a considerable reduction in property taxes."" ""My property was in a “greenway”, which was supposedly county sponsored; but was really funded by the federal government and gave the property had a tax reduction.""  There are also woodlot exemptions, iirc.  Depending on the state, etc."


"That is the best part. Everyone is "" brick and mortar stores are dead"" bandwagon reminds of the .com bubble. The customer base that Walmart is and will continue to be is the vast majority of not only the US but the world. The thing is these people like going to the store and browsing around and entertaining the physical aspect of buying shit rather than just point and clicking. The thing Walmart is doing is playing on what Amerians think makes America... they have heavy plans on American manufacturing and production which will be sold in their own stores which they will charge a slightly lower price for and make a stupid amount of money while at the same time buying up Advanced Auto Parts and taking over their 5000 plus stores and capabilities and then diving in ( which is a prediction) buying Blue Apron type operation and then simply taking over. Walmart does not need to get into the area of Netflix or any of the like because they can simply buy out down the road a company they can make compete in that field to hold onto the market share.  Amazon is the single most inflated outrageously high stock that has ever existed because of peoples ignorance of what the internet brings. They are rightfully and smartly playing on that but it won't pan out.  Walmart is smart by pushing partnerships with Fed Ex and UPS which are 2 of the largest carries in the world and employee well payed "" middle class"" people that look for dedication and respect no matter what generation you belong to. Not to mention they contract out with multiple trucking companies."


China is a huge country. The larger cities will have better public transportation infrastructure, just like the larger American cities (except LA but we're an exception). But China also has lots of rural regions that aren't going to have great infrastructure.  Beijing, say, might be comparable to NYC, but not Greenville NC.


there's actually software that tracks which stalls are in use.  supposedly in the future you will be able to choose a charger that is not in high demand currently.  you're right though, there could be a few instances where chargers are full and it is an issue.  once electrics become ubiquitous i doubt it will be a problem.


Fair point that its historically been just as fucked up, lol.    But please, explain to me, since I'm a layman and maybe the disconnect is in my head, how the market going up and down in dramatic fashions due to speculative behavior by traders (of any kind) should have the power to decide the worth of thousands of companies going about their normal business.


"My wife and I have been car-free since 2011.  We spent about $3500 on car shares and rentals last year (I went through it recently to flag trips that were medical transportation and unreimbursed work related for taxes).  This compares favorably with the last year of car ownership.  I had reached a point I started needing $200+ repairs every couple of months and the straw that broke the camels back was a (dealer mechanic estimate but still) $3000 estimate to pass emissions inspection.   Over 11 years the value went from $24000 to $3600, so it depreciated about 2k per year.   I was easily spending $40 per week on gasoline on my last commute.   I now use transit with the IRS commuter benefit so I do have a base after tax transportation expense of 1200 per year.  We use weekend rentals about 2x per month (and do use a warehouse club)  She uses rentals for her job about 12 times per year, and the medical transportation came in an intense burst.   Access: Our nearest carshare pod is 0.22 miles (3 blocks); there are two hotels with full service rental car desks about half a mile from our house and every brand at the Amtrak station a mile away.  There are concrete benefits to density, take every advantage. Insurance: I always take the rental company SLI daily insurance for $15 per day.  Certain no annual fee credit cards automatically include CDW.  Every time an insurance agent cold calls me, I ask for a quote for a ""named non owner"" policy, I'd probably take it if the premium was  $300 or less per 6 months.   Tips and tricks: a carshare minivan or truck rate is probably higher than a carshare car, but compared to a full service rental, may be much lower . The best value I spend no time in my life looking for a parking spot, and spend ""this hour"" tapping away on SE on a train instead of driving."


"First, one would 'not' want to be the guarantor as it would likely appear as a debt on their credit. In some cases this can be good, but not always.  I'd suggest a homeowners meeting. A reverse auction where you say ""Would anyone like to get the condo fee waived for 12 months in return for guaranteeing the loan?"" If no hands go up, you have an issue. But if even one hand goes up, you have the guarantor. Then you ask if there are any objections. Anyone who objects is welcome to bid fewer, say 10 months. Ideally, you see a dozen hands go up, and you just count down until one one remains. When I lived in a condo the fee was $250. If I were one of the older residents who planned to stay, I'd do it for one or two month's fees."


"This is the best tl;dr I could make, [original](https://www.reuters.com/article/us-usa-fed-rosengren/fed-must-hike-rates-in-face-of-hot-u-s-labor-market-rosengren-idUSKBN1CC0JH) reduced by 46%. (I'm a bot) ***** > MONTREAL - The Federal Reserve must respond to &quot;Very tight&quot; U.S. labor markets by gradually raising interest rates or risk halting the economic recovery, a hawkish Fed official said on Saturday.  > In prepared remarks that largely restated his views, Boston Fed President Eric Rosengren said he expects the labor market to improve further after U.S. unemployment dropped to 4.2 percent last month, its lowest level since 2001.  > &quot;Failing to respond to very tight labor markets with rates remaining negative in real terms could potentially risk unnecessarily shortening the economic recovery,&quot; added Rosengren, who does not vote on policy this year but whose views often portend overall Fed policy.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/74wwu5/fed_must_hike_rates_in_face_of_hot_us_labor/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~223992 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Fed**^#1 **economic**^#2 **risk**^#3 **recovery**^#4 **policy**^#5"


"If you have enough earned income to cover this amount you should be all set. If I understand you correctly you proposed two transactions. The first, a withdrawal from the beneficiary IRA. Some of which is an RMD the rest is an extra withdrawal of funds.  Next, you propose to make a deposit to a combination of your IRA and your wife's IRA. As long as there's earned income to cover this deposit, your plan is fine.  To be clear, you can't ""take a bene IRA and deposit the RMD to an IRA."" But, money is fungible, the dollars you deposit aren't traceable, only need to be justified by enough earned income. A bene IRA is a great way to get the money to increase your own IRA or 401(k) deposits.  Further details - The 2016 contribution limit is $5,500 per person, so I did make the assumption you knew the $9000 deposit need to be split between the 2 IRAs, with no more than $5500 going into either one."


You know, your attempt at dramatic fiction is beneath you.  You are more than this,  You were taught as a child to love your neighbor and now you are going against your own beliefs to support the increase in income of people who are so much more powerful than you are and really don't care about you at all except for your vote.  Is that how you want to be remembered?  You have your entire life ahead of you.  I want you to enjoy every last moment of it, but keep your eyes open and look around and see all the possibilities in front of you besides hating other people.


"$10mil for the lawyers and literally pennies for each of the victims, great example of how absolutely horrible class action lawsuits are.  >The proposed settlement covers nearly 125 million people, court documents show. The $20 million equates to less than 2 cents per class member. > >""We believe the revised settlement is fair, reasonable, and adequate and responds to the issues raised previously by the court,"" Andrew Noyes, a Facebook spokesman, said on Monday."


Never said I was, I'm definitely not. I'm an engineer and I do this on the side. But professionals go broke every day, and let's have this discussion again after silver and gold go past $300 and $5000 for the 1000th time in history of this system.


90% of economists agree that moving forward with production makes a society far better off as a whole even if it means short term job loss. Just think about all the employment changes that have taken place over the centuries. Clothing production, farming, transportation, plumbing just to name a few. Just imagine if we never used modern plumbing because we refused to lay off jack and Jill because it's their job to get the pale of water. This wil suck for the people that loose their job but overall this is just us growing as a society. This is worth reading.... https://en.m.wikipedia.org/wiki/Technological_unemployment


"You are not wrong. This is called the ""Broken Window"" fallacy in economics. Imagine if 20% of a population was employed to go around breaking windows.  This would stimulate the economy as many people would have to be employed to make new windows, repair the broken windows, etc..  The problem is that everyone would have been better off if they didn't have to spend their valuable resources on repairing a perfectly functioning window. Although many people will be employed to rebuild Japan, this doesn't improve the standard of living for the folks in Japan."


Sure they can (most publicly traded banks at least) - and they do it a lot. Many banks have a proprietary trading desk, or Prop desk, where traders are buying and selling shares of publicly traded companies on behalf of the bank, with the bank's own money. This is as opposed to regular trading desks where the banks trade on behalf of their customers.


I know the general principles of acting as a director in a company, and am familiar with the rights of shareholders. In the last ten years or so, I believe Australia has introduced legislation that strongly punishes those directors who do not act in a professional or prudent manner. While I will of course attempt to fulfill the duties required - I am new to conducting business at this level, and am concerned about mistakenly breaching some unknown rule/law and being subject to repercussions that I just don't know about. As you have already stated, the key to being director in a company is the additional responsibility. Legally you can be held in breach. At the same time you will be able to influence your decision much better if you a director and thus safeguard your interest. If you are only a shareholder, you cannot be held responsible for decision by company, individual malpractice may still be applicable, but this is less of a risk. However over a period of time, the board can take certain decision that may marginalize your holding in the company.


Generally I drink the free water that they provide.   What I am saying is that if they lowered the price of the food and drinks, they might get more people in the door.  When it costs $50+ to go to the movies for a family of three, that family tends to not go out much.


If a parent has access to the birth certificate, social security card, passport, and other legal documentation indicating family relationship along with the minimum balance, I expect either online or in-person creating a Joint Tenancy With Right of Survivorship account wouldn't be too difficult and allows for either party to add or remove funds. Conceivably the bank account could have been created as a Custodial account but risks when the son reaches the Age of Majority on the account she would lose control. If you have access to the above mentioned documents and depending on parental rights assigned after the divorce you can follow what is suggested in this link: https://blog.smartcredit.com/2011/07/28/what-age-can-i-have-a-credit-report/ to get the credit reports. The credit reports should list what lender accounts are tied to your son.  They won't list any 'credit' assets like savings or investment accounts: http://www.myfico.com/crediteducation/in-your-credit-report.aspx As suggested a credit freeze would be appropriate. If he has reached 18 already, he can do it himself. Unless she under a Termination of Parental Rights order what I mentioned above should still hold.


I agree with you. I have a standing offer to all my meeting attendees that they can just read the docs and comment via email, or give me their status and issues in an email and skip the meetings.  Of the dozens of people on my teams, none take me up on it. It's crazy.


"Just as with any other service provider - vote with your wallet. Do not go back to that doctor's office, and make sure they know why. It's unheard of that a service provider will not disclose the anticipated charges ahead of time. A service provider saying ""we won't tell you how much we charge"" is a huge red flag, and you shouldn't have been dealing with them to begin with. Now you know. how can we ever get health care costs under control if there's so   little transparency? I'm assuming you're in the US. This is not going to change, since there's no profit in not screwing the customers. As long as health-care is a for-profit industry, you should expect everyone in it being busy figuring out a way for money to move from your wallet to their. That's what capitalism is about."


There is heap of instances where you may want a franchise lawyer. For instance, during the ending of your franchise lawyer California  agreement, an attorney can make certain that the conditions of the agreement are being duly observed. Likewise, in instances of statutory compliance, your attorney can not only interpret and defend you but can also work as a link between you and the franchise lawyer California. This can help break up whatever matters or concerns arising out of a franchisor's allegation.


For each liability, you should insure to the risk. A $150k home should be insured for that amount plus contents. Same for your car, if you want to insure for damages, fine, but liability is mandatory. It's not about what you want to spend but how to not take on more risk than nescesary and not over insure which is just wasteful.


When you are saving for money you need in 5 years or less the only real option is a savings account. I know the return is nothing at this point, but if you cannot take the risk of losing all of your money that's the only thing I would recommend.  Now you could try a good growth stock mutual fund if, when you look up in 2 - 3 years and you have lost money you wait it out until it grows enough to get what you lost back then buy your house. I would not do the second option because I wouldn't want to be stuck renting while waiting for the account to recover, and actually thinking about it that way you have more risk. 3 years from now if you have lost money and don't yet have enough saved you will have to continue paying rent, and no mutual fund will out preform that.


Not a good idea.  When you form a partnership with someone that creates a legal connection between you two.  What if he racks up $50,000 on the company credit card?  Do you want to be responsible for that debt?   A better way to do this would be to either charge your clients $X for IT work and pay him half of $X which would get you the same 50% or simply have him agree to share 50% of any income he gets from people referred by you.   This can be done in a simple contract or agreement without force you both into a partnership.


We're talking about American workers here, not workers from third world countries.   In America, everyone gets a free public education and has access to numerous social safety nets. The people that really want to make it happen here can make it happen.  One of my very best friends took the bus 3 hours each way to get to jr. college so he could go to film school. He moved out to Hollywood and was living with me for a few months after he had gotten a job out here. He got laid off and had to go home. When he got home his parents drug tested him and kicked him out because he had smoked weed 1 time right before he left. With no money and no job he moved in with his brother in a one bedroom apartment. His brother proceeded to get fired and neither of them had anything. He was pestering the hiring people at several editing places out in L.A. all the while looking for coins in the parking lot of fast food restaurants so he could get something to eat. Finally he got a job back out in L.A. making a little over $10 an hour. He moved back here, busted his ass and now makes around $90k a year.   O, and all this (excluding film school) has happened since May of 2011.   3rd world countries are entirely different than the issues that Wal-Mart workers in America face. It's not an apples to apples comparison. Americans that are working in a Wal-Mart shipping center that want more pay need to go out and better themselves and provide a service that society values.   Just showing up for your 8 hours a day and stacking boxes in trucks is not of high value here. And they should be paid as such.


Nothing new, PayPal has never hesitated to express their opinions before. I would have already assumed this was the case. I wonder though, do they still do business with countries that execute people for certain sexual orientations?   It'd seem *killall[insert race here]people.com* drives a little less business for them than say, *Saudia Arabia*—and makes for easy PR.


"Random deposits are a bit like playing the lotery - especially if one is frequently chasing ""hot tips"".  You might make it big, but the odds are vastly against you. ""Random"" deposits into various investments won't be optimal, because such ""random"" decisions will not be properly diversified and balanced.  Various investments have different rates of risk and return. ""Random"" deposits will not take this into account for an individual's personal situation. In addition to needing to research individual investments as they are made, investments also need to be considered as part of a whole financial picture.  A few considerations for example: Simply put, random isn't a financial strategy."


"No, you capitalize all that and deduct as depreciation from the royalties. What it means is that you cannot deduct the expense when it is incurred, but only when you started receiving income that the expense was used to derive. This is similar to capitalizing building improvements which can only be deducted when you start getting rent, or capitalizing software development expenses which can only be deducted once you start selling/licensing the developed software. In the case of book writing - you capitalize the expenses and deduct them once you start receiving royalties. The period over which you deduct (the ""depreciation schedule"") depends on the type of the expense and the type of the income, so you better get a guidance from a licensed tax accountant (EA or CPA licensed in your State)."


http://norton-scientificmedical.com/resources/2012/06/06/thousands-of-tubes-damaged-at-calif-nuclear-plant/     Over 1,300 tubes containing radioactive water inside San Onofre nuclear plant's steam generators in California has been reportedly damaged enough that they need to be taken out of service. To date, the safety of tubing that snakes around the plant's 4 steam generators were installed in a multimillion-dollar upgrade three years ago. According to the company's official statement on Monday, 807 tubes in Unit 3 and 510 tubes from Unit 2 reactors were retired. Every generator has almost 10,000 tubes and the total number of plugged tubes would not affect a proper operation of the plant.  The chairman of Edison, SCE's parent company, reportedly called investors to notify them of the premature wear found in around 1% of 39,000 tubes in the generators. A nuclear watchdog Norton Medical and Scientific Research & Biotechnology issued a warning, saying in effect that it seems «the new steam generators are falling apart and Edison doesn't know why. It would be foolhardy to restart, even at reduced power, under the current circumstances.» The nuclear plant is owned by the Riverside City together with San Diego Gas and Electric and SCE. A joint statement released last week by the California Independent System Operator and Edison gave possible dates this June for planning. However, government regulators were quick to assert that there is no timetable for a restart -- something that would still need a federal approval. The alert concerns stemmed from an incident in January when the third reactor was shut off after a tube broke. But although radiation has escaped during that time, officials were quick to assure residents and workers that there was no imminent danger. Earlier that month, the second unit was shut down for its regular maintenance but investigators discovered instead of premature wear on hundreds of tubes that were only installed 2 years ago by Mitsubishi Heavy Industries. (The first unit operated on 1968 was dismantled in 1992.) The tubes stand for a crucial safety barrier, that is, if a tube breaks then there is considerable chance for radioactivity to escape onto the atmosphere. Serious leaks could also use up the protective cooling water employed in a reactor. SCE estimates that the repair expenses could cost about USD 55 to 65 million, aside from the initial USD 30 million it has spent to replace the output from the 2 reactors earlier this year.


According to this http://shine.yahoo.com/event/financiallyfit/cheapest-days-to-shop-online-2301854/ Tuesday is the best day of the week to buy men's apparel.


Patti - I realize, of course, that you pose an either/or question. It seems the question closes the door on other potential solutions.


Scenario #2 is most likely will generate the best long-term financial outcome. If your friends emergency fund is truly excessive and can afford to be reduced by the amount required to payoff the vehicle loan then that will save a few dollars. Scenario #3 is not an approach I would recommend. However, if your friend has to choose between paying off the loan or maxing his Roth... Making a few assumptions regarding the loan, I figure it is probably a 4 year - $13.5k. Which means he is paying somewhere below $40 a month in interest.  As JAGnalyst speaks to people often over estimate the spread they can make with another investment compared to the interest rate on a loan. However, the effect of compounded, tax-free returns can not be ignored when you are discussing a 22 year old person contributing to a Roth IRA.  Doing some calculations, assuming the car is being paid off on the first payment your friend will save just under $1000. The total interest that would have been paid over the life of the loan. If your friend adds $3600, approximately one year of payments, to their Roth IRA contributions -- just once. Assuming a 3.5% avg return and a retirement age of 65, the $3600 will be worth just south of $16k; a $12,400 return. Using the same investment return and tax assumptions and simplifying the $1000 savings as if it was all realized as a lump sum at the time of paying off the loan. That $1000 invested in a non-tax-advantaged investment (because the whole discussion is based on if the friend had to pick and lose the opportunity for the one year to make the additional Roth IRA contribution) would return $3047.


Monopolies and Oligarchies are the worst players, subsidiesed or not.  Let’s unattached subsidies from this argument, as subsidies do not cause monopolies, just like food by itself doesn’t cause obesity. Abuse of power just as abuse of food cause the issues I mentioned.  Let’s get to the real cause before we accuse the side issues.


I'm not aware of any method to own US stocks, but you can trade them as contract for difference, or CFDs as they are commonly known. Since you're hoping to invest around $1000 this might be a better option since you can use leverage.


"See Publication 505, specifically the section on ""Annualized Income Installment Method"", which says: If you do not receive your income evenly throughout the year (for example, your income from a repair shop you operate is much larger in the summer than it is during the rest of the year), your required estimated tax payment for one or more periods may be less than the amount figured using the regular installment method. The publication includes a worksheet and explanation of how to calculate the estimated tax due for each period when you have unequal income.  If you had no freelance income during a period, you shouldn't owe any estimated tax for that period. However, the process for calculating the estimated tax using this method is a good bit more complex and confusing than using the ""short"" method (in which you just estimate how much tax you will owe for the year and divide it into four equal pieces).  Therefore, in future years you might want to still use the equal-payments method if you can swing it.  (It's too late for this year since you missed the April deadline for the first payment.)  If you can estimate the total amount of freelance income you'll receive (even though you might not be able to estimate when you'll receive it), you can probably still use the simpler method.  If you really have no idea how much money you'll make over the year, you could either use the more complex computation, or you could use a very high estimate to ensure you pay enough tax, and you'll get a refund if you pay too much."