Odds Trump eliminates the carried interest loophole as he promised

[Th'Pusher]

I put the odds at less than 2% he's able (or even wants) to eliminate the carried interest loophole. Who here actually thinks he will?

[Will Hunting]

I think there's a good chance he tries it, but 0% chance it happens. Neither the democrat nor republican establishment supports getting rid of it.

Only way it happens is if it's packaged with tax cuts in other places.

[pgardn]

I think there's a good chance he tries it, but 0% chance it happens. Neither the democrat nor republican establishment supports getting rid of it.

Only way it happens is if it's packaged with tax cuts in other places.

But this is exactly why he was elected. I thought. Get rid of establishment's awful little secrets. He needs to go directly to the people like he has already and explain that both sides are thwarting his reform plans.

[Th'Pusher]

I think there's a good chance he tries it, but 0% chance it happens. Neither the democrat nor republican establishment supports getting rid of it.

Only way it happens is if it's packaged with tax cuts in other places.

It shouldn't be a problem for him to get passed once he drains the swamp tbh.

[SnakeBoy]

But this is exactly why he was elected. I thought. Get rid of establishment's awful little secrets. He needs to go directly to the people like he has already and explain that both sides are thwarting his reform plans.

Nah, he just needs to threaten to go to their districts and give them a nickname.

[boutons_deux]

Can a Pres change the tax code without Congress?

The Constitution says only Congress raise raise money from taxes.

So if Trash whines about Congress not closing the carried interest "loophole", what are people going to do, buy enough come Congresspeople?

Congress is PAID by BigFinance for tax favors and self-enrichment. "people" simply can't outbid BigFinance for Congressional votes.

[Chucho]

Can a Pres change the tax code without Congress?

The Constitution says only Congress raise raise money from taxes.

So if Trash whines about Congress not closing the carried interest "loophole", what are people going to do, buy enough come Congresspeople?

Congress is PAID by BigFinance for tax favors and self-enrichment. "people" simply can't outbid BigFinance for Congressional votes.

I know, right? Thank goodness Obama didn't get into bed with the health insurance companies to create a "healthcare system" that doesn't do A SINGLE THING to control the actual costs of HEALTHCARE but forces people to carry health insurance, in contradiction to "body autonomy" when killing babies and lying to elementary kids about bullshit, unfounded "transgenderism". It's a good thing he didn't get in bed with them, or the auto companies or the big banks he bailed out and hasn't redistributed any of the profits off of that...

I am glad that Boutons is here to keep reminding us that the republicans are the only party that support big corporate, as they obviously were the ones in the White House the last decade...

[DMX7]

Freedom as we know it will be abolished if the carried interest loophole is eliminated. That will probably be the argument on the right and the left will nod silently with few exceptions.

[DMC]

I put the odds at less than 2% he's able (or even wants) to eliminate the carried interest loophole. Who here actually thinks he will?

You're an odds maker now, and you base these odds on a wild ass guess? Those aren't odds. Those are intuitions.

[CosmicCowboy]

Can a Pres change the tax code without Congress?

The Constitution says only Congress raise raise money from taxes.

So if Trash whines about Congress not closing the carried interest "loophole", what are people going to do, buy enough come Congresspeople?

Congress is PAID by BigFinance for tax favors and self-enrichment. "people" simply can't outbid BigFinance for Congressional votes.

I'm wiling to wait and see. Trumps is at least not directly on BigFi payroll like Hillary.

[boutons_deux]

I'm wiling to wait and see. Trumps is at least not directly on BigFi payroll like Hillary.

Don The Con owes BigFinance BIG for bailing him out, and he will certainly be looking for favorable terms for his un-divested, non-blind-trust businesses while he's in office. CFPB, SEC, banking deregulation, ALL will be signed off by Trash. Then there's gutting IRS even further to kneecap enforcement.

[Th'Pusher]

You're an odds maker now, and you base these odds on a wild ass guess? Those aren't odds. Those are intuitions.

Just changed the odds to 1%. You wanna put some money in it?

[DMC]

Just changed the odds to 1%. You wanna put some money in it?

So the odds have decreased by half with zero related events. Wow you're amazing.

[CosmicCowboy]

Just changed the odds to 1%. You wanna put some money in it?

Lets get this straight...you are offering 100-1 odds that the carried interest tax provision won't be changed? i want some of that.

[Th'Pusher]

So the odds have decreased by half with zero related events. Wow you're amazing.
Great. Now it's Back up to 2%. Put some mone on it bitch.

[Th'Pusher]

Lets get this straight...you are offering 100-1 odds that the carried interest tax provision won't be changed? i want some of that.

Odds are that he eliminates the carries interest loophole. It's back up to 2%. Let me know if you wanna piece.

[CosmicCowboy]

Great. Now it's Back up to 2%. Put some mone on it bitch.

Is it 100-1 or not? I want some of that.

[CosmicCowboy]

Odds are that he eliminates the carries interest loophole. It's back up to 2%. Let me know if you wanna piece.

I'll take $100 dollars, 100-2 odds, 2 year deadline. That means you owe me $5,000 if you lose.

[Th'Pusher]

I'll take $100 dollars, 100-2 odds, 2 year deadline. That means you owe me $5,000 if you lose.

Boom. And now I'm an odds maker. See how that works DMC?

[TheSanityAnnex]

Boom. And now I'm an odds maker. See how that works DMC?
What is the max bet you will accept with your given odds?

[Th'Pusher]

What is the max bet you will accept with your given odds?

From you? 0. You're a known welcher.

[TheSanityAnnex]

From you? 0. You're a known welcher.

First I've heard that. Is there a bet I don't know about that I failed to honor?

[Th'Pusher]

First I've heard that. Is there a bet I don't know about that I failed to honor?

I think so. I also don't trust emotional gun nuts. Ah, fuck, that leaves CC out too.

[CosmicCowboy]

I think so. I also don't trust emotional gun nuts. Ah, fuck, that leaves CC out too.

Is that a welch?

[Th'Pusher]

Is that a welch?

are you an emotional gun nut?

[TheSanityAnnex]

I think so. I also don't trust emotional gun nuts. Ah, fuck, that leaves CC out too.

You've got me confused with someone else. I don't welsh.

So what is the max bet you will accept with your given odds?

[CosmicCowboy]

are you an emotional gun nut?

Meh. Not really. i own guns. Bows too. I also own a chain saw and lots of hand tools. Not really emotional or nuts about any of them.

[DMC]

Boom. And now I'm an odds maker. See how that works DMC?

Not until you take the bet.

[DMC]

I think so. I also don't trust emotional gun nuts. Ah, fuck, that leaves CC out too.

Offers odds, then shuts out all bets.

Yeah, real odds maker you are.

[CosmicCowboy]

Offers odds, then shuts out all bets.

Yeah, real odds maker you are.

More like he let his alligator mouth overload his parakeet ass and shit himself when he had real bets coming his way.

My $100 offer still stands if he has the balls to back up his mouth.

[Winehole23]

did you reach out personally? this forum feels so cold and lonely sometimes.

[Th'Pusher]

Offers odds, then shuts out all bets.

Yeah, real odds maker you are.


More like he let his alligator mouth overload his parakeet ass and shit himself when he had real bets coming his way.

My $100 offer still stands if he has the balls to back up his mouth.

Look at these two old men rubbing each other's balls. The point was that the carried interest loophole has little chance of being closed, but the larger point was Donald doesn't have the power that the school of post-election Trumpistas who have flooded in seem to think he has.

[CosmicCowboy]

Look at these two old men rubbing each other's balls. The point was that the carried interest loophole has little chance of being closed, but the larger point was Donald doesn't have the power that the school of post-election Trumpistas who have flooded in seem to think he has.

Look at this faggot offering a bet and then shitting backwards when he got called on it..

[Th'Pusher]

Look at this faggot offering a bet and then shitting backwards when he got called on it..

How much do you think I'm going to pay you should the national debt exceed $25T per my Over/Under thread?

[CosmicCowboy]

How much do you think I'm going to pay you should the national debt exceed $25T per my Over/Under thread?

I took overs and I don't remember odds being offered.

You did offer odds here and then ran like a bitch when I took them.

[Th'Pusher]

I took overs and I don't remember odds being offered.

You did offer odds here and then ran like a bitch when I took them.

In both threads I was using a betting analogy to make a point. Don't be so literal you old bitch.

[CosmicCowboy]

In both threads I was using a betting analogy to make a point. Don't be so literal you old bitch.

:lol

did you pee yourself?

http://www.doglistener.co.uk/images/Submissive-dog.jpg

[Th'Pusher]

:lol

did you pee yourself?

http://www.doglistener.co.uk/images/Submissive-dog.jpg

Why would I pee myself as a result of a couple of old men not grasping an analogy I made in an internet messgae board?

[AaronY]

Zero chance at all it happens tbh

[CosmicCowboy]

Why would I pee myself as a result of a couple of old men not grasping an analogy I made in an internet messgae board?

You call this an analogy?


Great. Now it's Back up to 2%. Put some mone on it bitch.

You are the little bitch in this deal. Ran like a scared little puppy when I called your bet.

[CosmicCowboy]

Odds are that he eliminates the carries interest loophole. It's back up to 2%. Let me know if you wanna piece.


I'll take $100 dollars, 100-2 odds, 2 year deadline. That means you owe me $5,000 if you lose.



That's an analogy?

:lmao

[Th'Pusher]

You call this an analogy?



You are the little bitch in this deal. Ran like a scared little puppy when I called your bet.

No. That's how I deal with trolls like DMC. He wanted to take my analogy literally so I play along. He's not interested in dialogue and doesn't warrant a serious response.

[Th'Pusher]

I'm sorry you got confused...

[Winehole23]

Donald Trump (http://www.forbes.com/profile/donald-trump/) has vowed to kill one of Wall Street’s favorite tax loopholes. A closer look reveals his efforts could produce even more upside for private equity’s richest power players.


Trump's talk of killing the private equity industry's carried interest tax deduction has generated major headlines, but if it comes with broader tax reform it could create the biggest opportunity for the industry since firms like Apollo, Blackstone, Carlyle and KKR listed their shares on public stock markets. Lowering corporate and individual tax rates could give private equity firms reason to convert from tax-avoiding pass through partnerships into ordinary corporations, opening up their shares to a far broader investor base.

http://www.forbes.com/sites/antoinegara/2016/12/16/donald-trump-could-double-the-wealth-of-private-equity-billionaires-and-change-wall-street-forever/#4abaec51256d

[Winehole23]

The carried interest deduction allows private equity to use this structure to avoid double taxation on winning investments.

But the tax shield also relegates these firms to stock market backwaters because it saddles investors with complex K-1 tax forms. Furthermore, it keeps firms like Apollo and Blackstone off of major stock market indices such as the S&P 500 and Dow Jones Industrial Average, and outside of sector groupings.


“We've avoided in the past the double taxation and that's what drove us to the [pass-through-partnership]," Apollo CEO Leon Black said at a Goldman Sachs conference last week. "But if rates come down a bunch in that doubling of taxation it may not be the worst thing in the world given that in a corporate form we're a much less complicated entity," he said. As an ordinary public corporation, “you don't have the whole K-1 situation. I think we'd have a much broader investor base which would be good for the stock. I think we could get into a financial index group,” Black added. Apollo declined to comment, as did Blackstone, Carlyle and KKR.

[Winehole23]

"Private equity stocks are one of the cheapest parts of the entire market,” says Bill Miller IV, portfolio manager of the $100 million LMM Income Opportunity Fund and an investor in Apollo, Blackstone, Carlyle and Fortress. "All of them are worth roughly 50%-to-100% more on an intrinsic value basis to where they are trading today."

[DMC]

No. That's how I deal with trolls like DMC. He wanted to take my analogy literally so I play along. He's not interested in dialogue and doesn't warrant a serious response.


I'm sorry you got confused...

"I'm an odds maker"

"It was an analogy"

lol.. idiot