×

Welcome to the Slashdot Beta site -- learn more here. Use the link in the footer or click here to return to the Classic version of Slashdot.

Thank you!

Before you choose to head back to the Classic look of the site, we'd appreciate it if you share your thoughts on the Beta; your feedback is what drives our ongoing development.

Beta is different and we value you taking the time to try it out. Please take a look at the changes we've made in Beta and  learn more about it. Thanks for reading, and for making the site better!

Comments

top

A Data Scientist Visits The Magic Kingdom, Sans Privacy

bdenton42 Re:Magic Band Tech (124 comments)

5. Photo pass (photos shot by in park employees)

Also pictures taken during rides were automatically tied back to my Disney account. After our last trip they sent me an email offering them for preview/purchase.

about 3 months ago
top

Patriot Act Author Introduces Bill To Limit Use of Patriot Act

bdenton42 Re: shoulda got it right the first time (189 comments)

the whole Government Shutdown is *precisely* what the Republican mantra is--to cut off non-essential spending.

Which is why I don't understand why one of the first bills they passed (unanimously even) was to guarantee backpay for all of the Federal workers which negates any possible savings.

about 6 months ago
top

Supreme Court Overturns Defense of Marriage Act

bdenton42 Re:Marriage penalty... (1073 comments)

There most certainly is a marriage penalty. Only the 10% and 15% brackets are identical between the married filing seperate and single. This year a married couple with roughly equal incomes totaling over $146,400 will pay a penalty over filing as two singles.

about 10 months ago
top

Supreme Court Overturns Defense of Marriage Act

bdenton42 Re:Shocking, antidisestablishmentarianism . (1073 comments)

does this mean polygamy is now legal?

It is legal if the State you live in says it is legal. Only then can you attempt to claim Federal benefits under this ruling.

about 10 months ago
top

Sequester Grounds Blue Angels

bdenton42 Re:good. (341 comments)

Would you tax stock market value?

Absolutely.

Okay so now you have to track market value for all of your assets. That's a bit more work than tracking basis, especially for non-liquid assets.

I don't care about some guy with $100k in gold coins the goal is to go after the guy with $100m in coins.

So this guy with $100m in coins... would he have to track bullion value, or collectible value? Whichever is higher? More paperwork. Also it sounds like you will have to determine if you meet some sort of threshold before being taxed. And of course you know that threshhold will be low enough that dual income couples would have to compute the tax every year anyway ala AMT to make sure they are not liable (this is Congress writing the law after all).

You forget the mortgage is a huge negative

Now it sounds like you are really looking to tax net worth, so now you have to deduct loans from your assets. Or do only mortgages count? How about margin accounts?

On the whole you are describing a paper nightmare. It is hard enough for me to just track capital gains on the couple stock sales I do in a year well enough to report them correctly. I can't imagine trying to get something like this right... I have enough fears about screwing up my relatively simple 1040 without making it even more complicated.

I think just raising the capital gains tax would serve nearly the same purpose and would have the added effect of stabilizing the market.

1 year,6 days
top

Sequester Grounds Blue Angels

bdenton42 Re:good. (341 comments)

Sorry, typo... t-bill -> t-bond.

Your points are interesting but I believe investors will change their asset mixes to try to make up the loss of return, e.g. would you also tax hard commodities? How? Would you tax stock market value? Poor people invested in Apple would get nailed at the peak and will be hurting now. The tax would effectively reduce asset value, which would then decrease capital gains taxes when sold as well. I still believe the net effect will be near neutral to the Federal government, and would create another round of burdensome paperwork for people trying to figure out their 1040, so I guess it would be good for tax accountants and IRS agents.

Also when long term rates increase, credit card rates also increase so those people are screwed. People with fixed mortgages would certainly be better off, but people looking for mortgages will have a hard time.

1 year,6 days
top

Sequester Grounds Blue Angels

bdenton42 Re:good. (341 comments)

Lets say you have a t-bill... $10,000 paying 3% interest. That means you net $300 per year income, and lose roughly a third of it to income taxes so you make $200

Now add your 2% asset tax. Now instead of netting $200... you get zip. So why would you invest in a t-bill?

So the Feds have to increase the interest paid on the t-bill in order to attract investors... in this case you would have to raise the interest rate to 6% in order for the investor to make his $200 net. So:

Old: Pay $300, get $100 back in income taxes, paid investor $200

New: Pay $600, get $200 back in income taxes, get $200 back in asset taxes, paid investor $200

Net effect to the Federal government is zero. No matter if the tax is 2% or 10% they are still paying the investor roughly $200.

Now if the Federal government had no debt this picture would be a bit different, but you would still be raising interest rates on everyone else, which is not good for the 99%.

1 year,6 days
top

Sequester Grounds Blue Angels

bdenton42 Re:good. (341 comments)

Okay, suppose you implement a 10% annual tax on financial assets. Now that 1% savings account would actually net -9% (roughly), so you have to jack up interest rates to 17% to still make that 1% (why so high? remember you're still paying income tax on that interest too).

Now ripple that through the rest of the economy... your 4% home mortgage now becomes 20% (remember the good ol' days back in the early 80's? This would be worse), and treasury bonds would then have to pay 18% instead of 3%... oops, that means you just had about zero net effect on the deficit, as the interest on the national debt explodes.

Sure it sounds like a great idea to hit the 1%'ers, but the downstream effect will hurt the 99%'ers much more.

1 year,6 days
top

Salt Linked To Autoimmune Diseases

bdenton42 Re:most salt is not real salt anyway (308 comments)

I had to look up "ad libitum"... it sounds like it means that the mice could eat however much they wanted. I would assume the salted chow would be tastier so the mice may have eaten more of it, which would then skew the results due to obesity.

about a year ago
top

3D Printable Ammo Clip Skirts New Proposed Gun Laws

bdenton42 Re:This isn't good for anyone (1862 comments)

They are much more likely to inspire legislation banning 3D printing.

More likely they will require the 3D printer identify such designs and refuse to print them, like they did with color copiers to prevent them from printing currency.

about a year ago
top

Apple Confirms iPhone 5 Preorders Top 2 Million In 24 Hours

bdenton42 Re:Wow. (428 comments)

I'm not sure why you and parent thought I was talking about "iPhone users".

It is nice that the iPhone fits your needs but it did not fit mine on the two occasions when I considered purchasing one and I stated the specific reasons it did not. Given your dismissive comment I know you really don't care about my opinion so there is no point in elaborating any further.

about a year and a half ago
top

TSA Spending $245 Million On "Second Generation" Body Scanners

bdenton42 Re:Note to TSA (335 comments)

Like ethnic/racial/religious profiling? Somehow I think the Constitution will get in the way of that.

On the other hand the first, second and fourth amendments don't seem to get in the way of the TSA so whats the big deal about ignoring another amendment?

about a year and a half ago
top

Apple Confirms iPhone 5 Preorders Top 2 Million In 24 Hours

bdenton42 Re:It's a different kind of ignorance. (428 comments)

I agree with you to a degree... a little bit more here or there won't make a difference. But where it mattered for me the iPhone didn't measure up at the time (EDGE vs 3G), and later 600mhz single core with 3G vs 1000mhz dual core with 4G... both times it was a big enough difference that it was quite noticeable. Apple has since closed the gap quite a bit, and as I said with the iPhone 5 I don't think there will be a practical difference.

As far as screen size I really think that is a personal preference thing. IMO 3.5" is just too small, and running around trying to use a phone with one hand isn't one of my priorities. And since Apple finally caved and added another 1/2" I'm guessing they saw enough of a market they were missing to make that change.

about a year and a half ago
top

Apple Confirms iPhone 5 Preorders Top 2 Million In 24 Hours

bdenton42 Re:Wow. (428 comments)

Browsing on the flip phone? Sparingly. Entering web addresses using T9 was not particularly quick, and the browser was rudimentary. I used it much more tethered to a laptop, and for that purpose it was fantastic.

about a year and a half ago
top

Apple Confirms iPhone 5 Preorders Top 2 Million In 24 Hours

bdenton42 Re:Wow. (428 comments)

I had a RAZR 3G. When the original iPhone was announced I was all ready to pick it up... touch screen, games, music, what was not to love? Then I saw that it didn't have 3G, so I would drop from 3.6mbps max to 0.384 max on EDGE. Not happening... so disappointed.

3G wouldn't show up on iPhone for a full 2 years after I already had it on the RAZR.

about a year and a half ago
top

Apple Confirms iPhone 5 Preorders Top 2 Million In 24 Hours

bdenton42 Re:Wow. (428 comments)

The thing with the 5 is that it largely catches up to what is out there now for Android. Every iPhone ever released has been a year or more behind in technology, whether it was 2G vs 3G, 3G vs 4G/LTE, screen resolution, CPU speed/cores, etc. Now iPhone has a decent screen (not 720p HD but close), LTE, and fast dual core CPU. I don't see Android making a large leap over that in technology in the short term, so you can finally get an iPhone and won't have to be embarrassed about the features that it is missing. Just make sure you overpay as much as possible to get the storage you think you'll need because you still can't add or upgrade that ($200 for an extra 48GB is insane).

about a year and a half ago
top

Misunderstanding of Prior Art May Have Led to Apple-Samsung Verdict

bdenton42 Re:That is a good question (503 comments)

Criminal verdicts have to be unanimous so one idiot on the jury won't condemn you to death, at worst it would be a mistrial. But as we saw in the OJ case it is sometimes possible to get twelve idiots.

about a year and a half ago
top

ISS Captures SpaceX Dragon Capsule

bdenton42 Re:Hooray. (217 comments)

SpaceX received $390M worth of public funding from NASA so in reality it is not totally commercial, yet.

about 2 years ago

Submissions

bdenton42 hasn't submitted any stories.

Journals

bdenton42 has no journal entries.

Slashdot Account

Need an Account?

Forgot your password?

Don't worry, we never post anything without your permission.

Submission Text Formatting Tips

We support a small subset of HTML, namely these tags:

  • b
  • i
  • p
  • br
  • a
  • ol
  • ul
  • li
  • dl
  • dt
  • dd
  • em
  • strong
  • tt
  • blockquote
  • div
  • quote
  • ecode

"ecode" can be used for code snippets, for example:

<ecode>    while(1) { do_something(); } </ecode>
Sign up for Slashdot Newsletters
Create a Slashdot Account

Loading...