Notices
Car Chat General discussion about Lexus, other auto manufacturers and automotive news.
Sponsored by:
Sponsored by: Innova

Tesla Business and News Thread

Thread Tools
 
Search this Thread
 
Old Oct 25, 2024 | 07:21 PM
  #3751  
swajames's Avatar
swajames
Lead Lap
15 Year Member
Liked
Loved
Community Favorite
 
Joined: May 2010
Posts: 3,991
Likes: 1,616
From: San Diego, CA
Default

Originally Posted by JeffKeryk
Congrats on the windfall. I hate paying the taxes... What's a poor boy to do? I am holding my small TSLA investment. It has doubled as of now.
buy some LCID and RIVN and use the inevitable losses to offset the gains 😉
Old Oct 25, 2024 | 09:13 PM
  #3752  
bitkahuna's Avatar
bitkahuna
CL Community Team
iTrader: (20)
 
Joined: Feb 2001
Posts: 80,842
Likes: 4,017
Default

Originally Posted by jrmckinley
LOL, tell me you don't know Gordon Johnson's record without telling me you don't know Gordon Johnson's record.
you're right, i'd never heard of the guy. but i have now looked at lex2k's link on him. wow...

this part is illuminating:

The percentage of profitable recommendations made by Gordon Johnson is 56%, and the average return per transaction is -5.90%.
putting aside the rate of return, the chance of making a profit following his recommendations is basically a coin toss. ludicrously bad.

Originally Posted by JeffKeryk
I hate paying the taxes...
you live in just the right place then.

i always took a different view on taxes. while i will take legal deductions, write offs, etc., if i'm paying a load of taxes it means i'm doing ok.

also if you trade within an ira you don't pay the taxes until you withdraw.
Old Oct 26, 2024 | 10:55 AM
  #3753  
JeffKeryk's Avatar
JeffKeryk
Pole Position
10 Year Member
Liked
Loved
Community Favorite
 
Joined: Nov 2012
Posts: 2,082
Likes: 633
From: CA
Default

Originally Posted by bitkahuna
you live in just the right place then.

i always took a different view on taxes. while i will take legal deductions, write offs, etc., if i'm paying a load of taxes it means i'm doing ok.

also if you trade within an ira you don't pay the taxes until you withdraw.
Yep, I live in the best place, for me anyways. It's expensive because there is a lotta money here.
And yes, paying a ton of income taxes is a great problem to have. I hate paying, but wish I paid even more!
Old Oct 26, 2024 | 10:59 AM
  #3754  
AMIRZA786's Avatar
AMIRZA786
Thread Starter
Lexus Champion
5 Year Member
Photogenic
Liked
Loved
 
Joined: Oct 2019
Posts: 19,720
Likes: 3,768
From: California
Default

Originally Posted by JeffKeryk
Yep, I live in the best place, for me anyways. It's expensive because there is a lotta money here.
And yes, paying a ton of income taxes is a great problem to have. I hate paying, but wish I paid even more!
Bro, there is something called tax deductions, or what I refer to them as, "write off's" Don't have any? Make some, or find another accountant

@swajames is on to something there....
Old Oct 26, 2024 | 12:23 PM
  #3755  
Margate330's Avatar
Margate330
Lexus Champion
5 Year Member
Liked
Loved
Community Favorite
 
Joined: Apr 2019
Posts: 11,252
Likes: 1,598
From: FL
Default

Oomp, there it is. Lol

Old Oct 26, 2024 | 02:20 PM
  #3756  
Blaze876's Avatar
Blaze876
Instructor
10 Year Member
Photogenic
Liked
Loved
iTrader: (1)
 
Joined: Apr 2015
Posts: 1,011
Likes: 183
From: miami
Default


Aftermath of Actually Smart Summon.
Old Oct 26, 2024 | 02:29 PM
  #3757  
AMIRZA786's Avatar
AMIRZA786
Thread Starter
Lexus Champion
5 Year Member
Photogenic
Liked
Loved
 
Joined: Oct 2019
Posts: 19,720
Likes: 3,768
From: California
Default

Originally Posted by Blaze876

Aftermath of Actually Smart Summon.
Or that's what they claim My wife has done that several times, she just didn't have anything to blame it on....
Old Oct 26, 2024 | 08:03 PM
  #3758  
patgilm's Avatar
patgilm
Lexus Test Driver
20 Year Member
Photogenic
Community Builder
Liked
 
Joined: Jan 2003
Posts: 5,008
Likes: 529
From: Maryland
Default

Originally Posted by AMIRZA786
Or that's what they claim My wife has done that several times, she just didn't have anything to blame it on....
Oh yeah, I washed my car the other day and underneath the front bumper it was all scratched up and of course my wife didn’t fess up. Luckily it has PPF on the underside so no paint damage. I asked my wife if she went too far over a curb and parking block and just got a clueless look from her.
Old Oct 27, 2024 | 07:31 AM
  #3759  
JeffKeryk's Avatar
JeffKeryk
Pole Position
10 Year Member
Liked
Loved
Community Favorite
 
Joined: Nov 2012
Posts: 2,082
Likes: 633
From: CA
Default

Originally Posted by AMIRZA786
Bro, there is something called tax deductions, or what I refer to them as, "write off's" Don't have any? Make some, or find another accountant
No write offs... Everything I own is free and clear. Paying a lotta taxes is a great problem to have.
Old Oct 27, 2024 | 10:07 AM
  #3760  
swajames's Avatar
swajames
Lead Lap
15 Year Member
Liked
Loved
Community Favorite
 
Joined: May 2010
Posts: 3,991
Likes: 1,616
From: San Diego, CA
Default

deductions aren't what they used to be, particularly in an area where SALT deductions would otherwise be high and/or where mortgage interest is likely at the higher end. Remember Jeff lives in the San Jose metropolitan area, the first metropolitan area in the USA where the median home value exceeds 2 million.
Old Oct 27, 2024 | 10:56 AM
  #3761  
Margate330's Avatar
Margate330
Lexus Champion
5 Year Member
Liked
Loved
Community Favorite
 
Joined: Apr 2019
Posts: 11,252
Likes: 1,598
From: FL
Default

I was trying to post up a Tesla Halloween costume but the link wasn't loading properly sooo...

I'll drop this, have no idea if it's true but looks good



Last edited by Margate330; Oct 27, 2024 at 11:10 AM.
Old Oct 27, 2024 | 04:56 PM
  #3762  
bitkahuna's Avatar
bitkahuna
CL Community Team
iTrader: (20)
 
Joined: Feb 2001
Posts: 80,842
Likes: 4,017
Default

Originally Posted by swajames
Remember Jeff lives in the San Jose metropolitan area, the first metropolitan area in the USA where the median home value exceeds 2 million.
poor thing.
Old Oct 27, 2024 | 04:59 PM
  #3763  
bitkahuna's Avatar
bitkahuna
CL Community Team
iTrader: (20)
 
Joined: Feb 2001
Posts: 80,842
Likes: 4,017
Default

Originally Posted by Margate330
of course that should be 'b' (billion) and not 'm' (million).
Old Oct 27, 2024 | 05:08 PM
  #3764  
bitkahuna's Avatar
bitkahuna
CL Community Team
iTrader: (20)
 
Joined: Feb 2001
Posts: 80,842
Likes: 4,017
Default

does anyone know if tesla is using the gigapress tech widely now? i'm sure not on X and S though.
Old Oct 27, 2024 | 05:34 PM
  #3765  
AMIRZA786's Avatar
AMIRZA786
Thread Starter
Lexus Champion
5 Year Member
Photogenic
Liked
Loved
 
Joined: Oct 2019
Posts: 19,720
Likes: 3,768
From: California
Default

Originally Posted by bitkahuna
does anyone know if tesla is using the gigapress tech widely now? i'm sure not on X and S though.
They are, using presses made by Idra (OL6100 and OL 9000)



All times are GMT -7. The time now is 03:08 PM.