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davidbdc

davidbdc
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  • The Big African Sukuk Boom: Why South Africa Matters [View article]
    Yeah, Just what we need. More Islamic anything.
    Aug 30 02:10 PM | 2 Likes Like |Link to Comment
  • Dividend maintenance in focus on Prospect Capital earnings call [View news story]
    Well, as an owner I'm disappointed that First Tower hasn't worked out as planned. Its a big part of the gap and I'd really like them to have an investor day where they go into depth on the FT business and the reasons the payout has been cut in half and what the future prospects are.

    Its likely that the last dividend increase isn't sustainable over the longer term. I wouldn't oppose rolling it back and going back to 10 cents a month. I don't want them chasing riskier deals just to hypothetically cover the dividend. Stick with the deals they believe are solid and if that leaves us with 10 cents a month for the foreseeable future then that's ok with me.
    Aug 26 12:19 PM | 9 Likes Like |Link to Comment
  • North Dakota saltwater spill cleanup could take years [View news story]
    Not good to say the lease. Hope the state government gives them a heft fine - enough to pay for the entire cleanup.

    I support fracking and development, but we have to do it correctly - otherwise the environmental wackos will gain public support and stop the flow entirely.
    Jul 22 11:56 AM | 1 Like Like |Link to Comment
  • Colorado governor, oil companies hope to thwart drilling ballot measures [View news story]
    What Colorado should do is limit the number of Californians and New Yorkers that they allow to move to the state!!! Let those folks stay in their own ruined states and live in liberal la la land.
    Jul 19 11:32 AM | 8 Likes Like |Link to Comment
  • U.S. cuts estimate of recoverable Monterey Shale oil by 96% [View news story]
    From what I've heard the geology is indeed different in much of this play. But I've not heard anyone saying that its a insurmountable problem.

    I suspect that if companies were given the green light to develop that they would give it a shot - develop slightly different techniques and processes and perhaps develop some new technology - and they'll soon be revising those estimates.

    No one should believe there will be NEW development in CA anytime soon. You'd have to be certifiable to want to get involved with California bureaucrats and regulators.
    May 21 03:09 PM | 1 Like Like |Link to Comment
  • A High Dividend Stock Yielding 8%+ That Just Quadrupled Its Dividend And Goes Ex-Dividend Soon [View article]
    I acknowledge that a huge part of the tax code is written for the sole purpose of keeping the rich rich. I do not acknowledge anything you try to put words in my mouth.

    The only reason the tax code contains things like family trusts and foundations and shelters etc etc is for the rich. The other stuff is just prettied up to sell to the masses. Hey you get your crumbs and we get the cake.

    Again, when the rabble show up at your door. Let them know how fair things were. Good luck.
    May 14 11:31 AM | 1 Like Like |Link to Comment
  • A High Dividend Stock Yielding 8%+ That Just Quadrupled Its Dividend And Goes Ex-Dividend Soon [View article]
    you just ignore the obvious and twist words. I don't really care what you think. Keep living in denial and when the rabble at are you door you can try telling them how fair things were.

    Good luck.
    May 13 03:31 PM | Likes Like |Link to Comment
  • A High Dividend Stock Yielding 8%+ That Just Quadrupled Its Dividend And Goes Ex-Dividend Soon [View article]
    You keep ignoring the obvious.

    Why are the even things like family trusts and family foundations???? Those are thousands of pages of tax rules. You seem to be saying that hey the poor man could hypothetically set up these family trusts so therefore the code is equal.

    Ignoring that you have to spend tens if not hundreds of thousands of dollars to set them up - and ignoring the fact that they exist for the sole reason of allowing the sheltering of large amounts of money from taxation. So the entry fee is far above the means of the average person - and the benefits are solely aimed at those large amounts of wealth.

    Carried interest wasn't set up for hedge funds. They hijacked part of the tax code to benefit themselves. Again your argument is hey you can start a hedge fund so its fair. No, its not fair. These individuals have jobs that
    earn them personal income - the fact they have structured their pay to be fitted into a part of the tax code to pay lower rates doesn't make it right nor fair. They go to work just like the guy in the Deere factory and they should pay income taxes on their income. Not capital gains taxes.
    The list of maneuvers and vehicles for sheltering income and passing it along within families is long and revolting. Its done entirely with the cover of our current tax code.

    And the same is true on the business side. Corporate tax reform isn't being held up by anyone other than those corporations that have been successful in buying favorable treatment under the existing code and all the carve-outs that exist.
    May 12 09:54 PM | Likes Like |Link to Comment
  • A High Dividend Stock Yielding 8%+ That Just Quadrupled Its Dividend And Goes Ex-Dividend Soon [View article]
    Where do I sign up to have my normal income taxed as carried interest???????

    Each and every suddenly isn't such a true statement.
    May 12 03:53 PM | Likes Like |Link to Comment
  • A High Dividend Stock Yielding 8%+ That Just Quadrupled Its Dividend And Goes Ex-Dividend Soon [View article]
    Those 47% paid SS and FICA taxes. If you consider that their employer paid 7.5% that hypothetically the employee would receive - that puts them above 15%.

    Add in your 7% number and your pretty close to 24% - if your a single guy pulling in 100K that's pretty close. And that's what someone working at Deere pulling a lot of overtime will make in a good year.

    More than Romney in percentage terms.

    And Romney isn't retired - he just gets all his income through capital & trusts - many of which were set up to pass money to his kids - tax free.

    And I'm not a liberal. I'm just aware enough to realize that our tax code is the source for much of the corruption that exists in DC.
    May 12 09:55 AM | 2 Likes Like |Link to Comment
  • A High Dividend Stock Yielding 8%+ That Just Quadrupled Its Dividend And Goes Ex-Dividend Soon [View article]
    Since all tax dollars are treated by Congress as spendable money I say its entirely fair to compare the percentage of total tax dollars paid. Social security is not somehow walled off from the rest of the revenue.

    You keep want to moan about an IRA deduction worth 5K of income while ignoring the 2nd mortgage deduction for the rich that larger. And the less rich simply don't have 2nd homes so the fact you claim they can do the same is irrelevant.

    How about all the family trusts, foundations, used to pass hundreds and billions of dollars from one family member to another without paying any taxes? Hedge fund managers paying 15% on their personal income? the list goes on and on. If it isn't so - then why is the tax code so long? Why are there so many carve outs? Special rules and rates for various activities? Because its been bought and paid for.

    You can keep telling yourself that the tax code is somehow tilted towards the poor man. The reality is that we have a code that protects those with wealth and rewards capital over labor.

    The majority of lower income people would have no problems with a progressively tiered flat tax. The pushback for tax reform comes from the rich that have carve-outs. Same as the pushback for corporate tax reform comes from those corporations that have successfully gotten the code written in their favor.
    May 12 09:49 AM | 2 Likes Like |Link to Comment
  • A High Dividend Stock Yielding 8%+ That Just Quadrupled Its Dividend And Goes Ex-Dividend Soon [View article]
    By law you still have to pay Norway. Its a Norwegian company and subject to their laws - and all investors pay the same rate on dividends - Norwegian citizen or not.
    May 11 10:57 PM | 2 Likes Like |Link to Comment
  • A High Dividend Stock Yielding 8%+ That Just Quadrupled Its Dividend And Goes Ex-Dividend Soon [View article]
    I notice you didn't explain any of the things I raised.

    The idea that being able to have tax free capital gains if you make less than 32K a year is evidence that the poor are somehow putting it over on the financial elite is a joke.

    That 32K person pays the same tax on his/her wages through SS and FICA as does the guy making 5 million - on his first 32K. Hmmm, that $5 million dollar guy actually stops paying that stuff after what 109K or something like that? So actually, they don't keep a larger portion of their small pie - the $5 million guy is paying a very very small percentage of SS and FICA - the 32K guy is paying 7.5% SS and whatever for FICA.

    Not too mention all the sales taxes, fees, tolls etc you pay just to live. Who spends a larger percentage of their earnings on that????

    Losing a 5K IRA deduction is nothing when you get the mortgage deduction on your 2nd home.

    My statement stands. Until hedge managers - that push paper around for a living - in an environment that is "heads I win, tails I win" - are paying the top rates you don't have a leg to stand on. The rich in this country are using the system to ensure further riches for themselves.

    When you "make" 25 Million a year - there is no justifiable reason to be paying 13% income taxes. The tax code has been for sale for many years now, and it is those at the top that are benefitting from it.
    May 11 10:56 PM | 8 Likes Like |Link to Comment
  • A High Dividend Stock Yielding 8%+ That Just Quadrupled Its Dividend And Goes Ex-Dividend Soon [View article]
    Pfizer is an American company. The fact that it has grown and is now selling worldwide is great. Its still an American company.

    American companies should not be allowed to change their domicile to get different tax rates. They should not be allowed to change their country of domicile period.
    May 11 05:48 PM | 4 Likes Like |Link to Comment
  • A High Dividend Stock Yielding 8%+ That Just Quadrupled Its Dividend And Goes Ex-Dividend Soon [View article]
    I see.

    Then please explain how and why folks like Mitt Romney pay 13%, while the guy working double shifts at Deere is paying 24%?

    Or why 2nd mortgages for million dollar beach homes are tax deductible?

    Or why there are thousands of pages of tax code giving deductions and forgiveness for all kinds of business activity - often written by the businesses themselves.

    The tax code is written for those that can afford to pay the bribes, er I mean the consultants and lobbyists.
    May 11 05:46 PM | 11 Likes Like |Link to Comment
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