Tyler Menzer
@Tyler_Menzer
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PhD CPA Assistant Professor at @TCU. Argues with people who agree with me. Official Matt. All views are my own. (He/Him) @ menzer on the other one
Joined July 2010
Just putting this here for future reference anytime someone says: "but I have never been audited on it". #taxtwitter. AICPA SSTS 2.1.8(a)
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Tragedy of the Commons at work.
My last waymo was pretty dirty. Have you noticed a decline in the quality of vehicles lately? . Clearly, the rims haven’t been cleaned in days or maybe even weeks. Seems like it would be smart to give these cars a car wash at least every day or two. Especially since the inside
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RT @kpomerleau: Some conservative groups are asking Trump to index the basis of capital gains for inflation by executive order (again). So….
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It means there was a shock across the country at the same time as our CA shock. This means we are putting A LOT of faith that the national shock affected treatment and control the same OR that the observable controls perfectly make up for the differences. 2/2.
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These are not great DiD graphs. We see the parallel trends in the Pre period which is Good! but the fact that the control sample has an inflection point at the same time as CA is BAD. 1/.
I know a lot of sectoral bargaining enthusiasts (like me!) looked at the fast-food wage board in California as a promising experiment. Definitely boosted wages; also 3-4% reduction in employment
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Leverage offers more flexibility, even if it doesn't immediately seem like it. The interest you pay is the cost of that flexibility. 4/4.
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OTOH, paying cash right away and not having a loan feels like it ties you up, but you can just take the $500 from your brokerage account to pay it every month, and if an emergency comes up, you may not have the cash. A personal loan will take longer and be more expensive. 3/.
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Getting a $20k loan for a car is really easy, and with dealer incentives may be low int rate. You then have the $20k cash still sitting to use. If an emergency comes up, you can always liquidate the brokerage as needed, and likely get cash much faster. 2/.
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I see this a lot. People think having a loan "ties them up", when (if no prepay penalty) it is actually the exact opposite!. 1/.
@TrisolarisCap I built up my taxable brokerage on my own for the last 12-13 years. Put money into every single month. I have zero debt outside of my home and will be keeping it that way to increase monthly cash flow and financial flexibility. Would never want to be tied down with a 5-6% car.
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HOAs are the poster child why EBITDA is a terrible metric for decision making. Short term, it is fine, Long term it results in significant shortfalls.
@jasonc_nc We need construction defect litigation reform. And we need professionally outside fiduciary run HOA boards - not a bunch of volunteers who vote against financial prudence and repairs until it becomes a structural disaster and the property has insurability and lendability issues.
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I would love a small efficient electric car (I have a Honda Fit because it is cheap and efficient), but having to work around not being able to make that other 20% of trips would eat up any savings I might otherwise get. .
The American mind can’t comprehend that 80% of car trips could be taken in a car like this.
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Everyone always gets upset at the IRS at the dif between pre-pmnt and late pmnts. But what if you don't pay a contractor? They'll put a lien on your house. If you don't pay your lease, they'll reposses your car. Biz rarely offer pre-pmnt benefits but often penalizes late pmnts.
Just got a $6,000 refund from the IRS. This is on top of a $27,000 refund I got earlier this year. So basically, I’ve given a $33,000 interest free loan to the United States government for the past year. Just imagine if I accidentally underpaid by $33,000 because of how.
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I always get a kick out of advisors who assume there is no tax on capital gains because "can just tax loss harvest to offset them". There are absolutely strategies around tax loss harvesting, but in a holistic sense they either are just a timing difference OR actually lose $.
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Remember before we had "unlimited PTO", this was just called using your vacation days.
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So we have a "Stop Killing Games" movement, but we really need a stop killing thermostats movement too? This feels like just the beginning of bricking perfectly functioning smart home equipment. Planned Obsolescence never had it this good.
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I am a little slow. Just figured out why the new itemized deduction limitation is such a seemingly weird fraction of 2/37. It only applies in the 37% bracket, meaning it essentially caps itemized deductions as if the marginal rate was 35%, makes a lot more sense.
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RT @molly0xFFF: This take is weirdly prevalent. No, we don't know how much crypto is spending to influence policy because it's "onchain".….
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Made an Amazon order to my cabin that google maps has a bunch of errors around. will it actually get delivered tomorrow?.
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Perfect "solidarity" would essentially give control over the entire business to the employees. If we really want this, we should be pushing for Employee ownership plans, not unions.
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So much "solidarity" talk recently. Unions are good because historically workers had little to no bargaining power, but it can be just as bad if unions have too much power. We have seen places where unions become so powerful it actually is a detriment to efficient labor markets.
Centrists wonks seem allergic to grubby trade union concepts like "solidarity," but perhaps they would come to appreciate the social benefits if we translated solidarity into the economics-style, wonk-speak they like to adopt? Try thinking of it as "strong reciprocity."
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