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bookie71

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Everything posted by bookie71

  1. Since we get a lot of fish (Salmon and Halibut) in the summer we have a vacuum packer and we separate the hamburger and chicken into smaller packages. We usually cook the hamburger up so it is ready to toss into a meal. You could do this with ziplocs as well. I sure wish we had had a Costco around when the kids were growing up. You can probably save more with the store's "lost leaders" but what is your time worth.
  2. Our Costco prices are a bit cheaper than Sam's AND the produce is much fresher. They are close together so distance is not a problem.
  3. https://www.gatesnotes.com/2017-Annual-Letter?WT.mc_id=02_14_2017_02_AL2017_BG-FB_&WT.tsrc=BGFB enjoy
  4. 98% paper, I like to make notes as I go. Most books I get from library as my family tends to be bookaholics. We decluttered after the kids left home and took gazillions of books to the nonprofit thrift store. We saved a few we will read again and again. We like the extra room and try to get rid of an old book for each one we bring home. Our library lets us tell them which book we want to read, they go get it from another library if they don't have it and then send us an email when we are to pick it up.
  5. In the mid 1970's a Monk (not sure of the order) tried selling wine made from local milk. https://voat.co/v/HistoryAnecdotes/comments/461235
  6. No,but he didn't run because of Viet Nam and he (the ultimate politician) knew he would be defeated.
  7. Every four years this country goes through a revolution. Sometimes the in's win (Regan and Obama), sometimes the in's are tossed out (Carter or Johnson). Thanks to our forefathers this revolution is mostly peaceful. Suck it up folks, we will have another revolution in four years IF he (she if it had been Hilary) isn't impeached before then which is a strong possibility. jmho
  8. You can't get any more raciest than good old Andy
  9. Don't forget that the "tax" in a non Roth grows and after several years will give you more after paying the tax than you would have had with a Roth. You can set up a fairly easy spread sheet and it will show you the difference.
  10. I think most of these guys get in trouble when they start reading and believing their press clippings. Look at our former 1/2 term governor, Mrs Palin
  11. I try to have about a years worth of cash + a buffer. You don't want to have to liquidate a great idea because of needing ash.
  12. "Do as i say, not as I do" ;)
  13. . He has a history of supporting Democrats, Munger usually supports Republicans.
  14. http://www.npr.org/sections/health-shots/2016/07/18/486171949/rise-and-fall-of-theranos-in-a-biotech-cartoon?utm_medium=RSS&utm_campaign=news I had truly hoped she was the real deal
  15. It's been a long time since this came up, but if I remember, all you have to do is show that you need the money in the corporation for working capital, a big project, new building etc. It doesn't apply to S corps and only to C corps. Was put in to keep companies from accumulating cash at a lower tax rate and avoiding the double tax.
  16. I believe that if you take the votes for Trump and Sanders you will come to the conclusion that the American people are pissed off at our politicians. Right now either Micky or Minnie look good to me.
  17. You can buy through Schwab.
  18. As one of my professor's said back in the early 1960's when I took my first tax class, "Tax laws are nor fair!" With the higher standard deduction most folks aren't getting much of a deduction for the interest paid on their house. In 2014 the standard deduction was 12,400 so the only benefit would be IF the interest and taxes exceeded the 12,400. For example if the taxes and interest were 14,500 then the only tax savings would be 2,100 times your tax rate (14500-12400) as you get the standard deduction anyway. Tax law reflects what lobbyist or special interest group gets to congress.
  19. I believe that BRK is exempt due to number of shareholders.
  20. You are allowed to round. The tax programs that most CPA firms use don't allow pennies. This is U. S. I have no idea about other countries.
  21. Actually all debit means is "left" and credit means "right". Pacioli (sp?)in the 1700's (he was the first bean counter)used these terms based on the Latin debere and credere. It probably makes more sense if you take the basic accounting equation: Assets = Debts + Equity (equity is broken down by retained investment (stock and retained earnings) + (current income - current expenses) debit = left thus a debit on the left side of the equation Increases when you go to the other side of the equation a debit decreases (the signs change) a credit decreases on the left side of the "=" and increases on the left side of the "=" More than you ever wanted to know
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