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£ddie

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Everything posted by £ddie

  1. Dude you make no sense. Quit while you're behind.
  2. I always get good comments on Issey Miyake and Dolce Gabbana.
  3. £ddie

    Vd...

    I thought this was about Venereal Disease.
  4. That is the cutest fuckin dog!!!!!!!!!!!!!! Precious! :D :D :D
  5. Lehman Brothers wrote a research report on stocks that will and have done well in light of the geopolitical uncertainty and looming war and conversely, stocks that have done poorly. I can send it to you in PDF format if you let me know where to send it. May not be exactly what you are looking for, but I've made some short sale/long profits from them.
  6. Can you make your sig a little larger? Thanks.
  7. Great game! Garnett is the fuckin man. And Jordan still has some moves!
  8. Clubs and bars are shut down permanently under the Nuisance Abatement Law all the time. That's how Civil Enforcement shut down the Tunnel.
  9. It's on Noel Sanger's CD.
  10. Pretty much. I was there last Thursday. Expensive drinks, yuppie crowd (lots of bankers), nice comfy place though, and yes, lots of hot women.
  11. Unfuckingbelieveable dark and nasty set. The man never disappoints.
  12. I see you've bought into the leftist propaganda about tax cuts. Historically tax cuts are always GOOD as a whole for the economy - Economics 101. And who said anything about a flat tax? We already have a progressive tax system, no one is proposing changing that. The Wall Street Journal put it best: ________________________________________________ The Corporate Reform Tax Cut President Bush showed no sign of backing down last night from his proposal to end the double taxation of dividends, notwithstanding the accusations hurled against it over the past several weeks. We hope he keeps it up, because the more we inspect the merits of the Bush plan the better it looks. Let's start with the problem of double taxation, essentially a double penalty on the owners of corporations -- that is, the shareholders. The profits of the corporation are taxed at the corporate rate and then at the shareholders' personal income tax rate. Assume a corporation makes $100 of profit for Aunt Betty. That $100 is first subject to the 35% federal corporate tax rate, leaving Aunt Betty with $65. Then, when Aunt Betty receives her dividend check of $65, she must pay taxes at her individual rate of, say, 30%, leaving her with $45.50. More than half of Aunt Betty's profit has already vanished, and that's before state taxes take another 5%-to-6% chunk, leaving her with $43. It's no wonder then that millions of Aunt Bettys have eschewed dividend-paying companies, and no wonder that companies have responded by retaining their earnings instead of paying them to shareholders. Dividends now represent 30% of corporate earnings, down from 60% about 40 years ago. But the disappearance of dividends has, in turn, generated a bunch of problems. Corporations have in some cases amassed vast piles of money. These piles are often used for dubious purposes such as stock buybacks to lift stock prices and gratify option holders. But the chief malign result is that capital that shareholders might invest in other, higher return companies is frozen and unavailable. Simply put, retained earnings can rob the economy of higher productivity. The disappearance of dividends also makes the stock market more volatile. Dividends, after all, can create a floor for stock prices. When prices go down, dividend yields go up, prompting new buyers. And since companies rarely cut dividends, investors in dividend-paying stocks are less likely to dump them in a bear market. Companies that pay dividends -- a cash event -- are also signaling to the market that their earnings are real, giving investors a certain amount of comfort in bad times. The fact that, during the current three-year bear market, dividend-paying stocks have outperformed non-paying ones has not been lost on businesses. The number of companies announcing dividend increases rose 7.5% last year amid the struggling market, the first annual increase since 1996. Ending the double taxation of dividends would also bring more transparency to corporate accounting. Currently it is almost impossible to know a firm's tax bill by looking at its financial statements, and thus it is impossible to figure out what actual profits are. Profits reported to the IRS, where firms have less discretion in making calculations, are considered to be closer to the truth, but they are confidential and unavailable to investors. Book profits and tax profits can be wildly different -- a divergence, by the way, that increased markedly in the 1990s. Mr. Bush's dividend plan will bring more sunshine. Since dividend tax relief will go only to shareholders of firms that paid taxes, corporations will have to provide an accounting on the percentage of profits not taxable as dividends (or as "deemed dividends," which under the Bush plan are like imputed dividends allocated to shareholders as if they had been paid out). Investors can then back out the number for actual taxes paid, giving them a clearer notion of profits. This requirement will prove especially enlightening for companies that are heavy users of tax shelters and stock options. But back to the critics. What about the charge that eliminating double taxation is a sop to the rich? Hardly. Not unless one is prepared to count as "rich" the 46% of taxpayers who have dividend income but earn less than $50,000. Dividend-earning taxpayers are represented in all income levels; IRS data for 2000 show that some 34.1 million tax returns have dividend income, or more than one-quarter of all returns. The folks at the Tax Foundation also looked at the benefits that would accrue to investors on a state-by-state basis. In 2000, the two highest dollar amounts of dividends claimed were by taxpayers from California and New York. In the percentage of taxpayers claiming dividends, Connecticut and New Jersey ranked tops. Those all happen to be "blue" states that went for Al Gore in 2000. They are also home to large numbers of voters who are members of what has come to be known as the "investor class." Several Democratic Senators (Chuck Schumer, Barbara Boxer) from those states have been among the loudest voices denouncing corporate malfeasance. Mr. Bush's dividend tax cut gives them a chance to do something real about the problem, unless they were merely blowing smoke. Updated January 29, 2003
  13. Ugh, those tits, that jungle of a bush, that face only a mother could love . . . She's gross kid.
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