I think the ‘Second source of income’ thread took a turn towards a topic that deserves its own thread, that is how to go about investing. For the record, I’m not selling anything and have no financial interest in whether anyone does or doesn’t follow the advice given here. I hope to get a lot of i…

Unfortunately, our Congressmen are bought, or at least rented, by the wealthy who write them large campaign checks. The entrenched “Swamp” presents so much bureaucratic inertia that no major changes to the tax code are feasible. It is only the army of lobbyists representing the wealthy that succeed…

[image] shipengr: Bitching about taxes is as American as apple pie, he’s not leaching he’s assimilated. A 1031 isn’t a “loophole” it’s the tax code. A tax code that our descendent-of-immigrants president brags about maximizing to his advantage every chance he gets. True, but the bar is low wh…

It doesn’t matter who is President, or whether we like him or not. Anyone who is paying US taxes has a right to bitch about them. Any working stiff who isn’t bitching about taxes must have something wrong with him.

Most folks don’t mind paying taxes they just don’t like how the taxes are spent

[image] tengineer1: But do NOT bitch about paying any tax when had it not been for the generosity of the USA your family would not even be here. My wife migrated to the US but my family roots in the US go back countless generations. In your opinion, should I tell my kids they can only use vul…

[image] tengineer1: Most folks don’t mind paying taxes they just don’t like how the taxes are spent I don’t seem to like those Burisma consulting fees! :money_mouth_face:

I wouldn’t mind paying a reasonable percentage of my income in taxes, but I’m paying far too much. I wouldn’t mind paying my fair share in taxes, if everyone else paid their fair share. I wouldn’t object to government spending, if it was fairly spent for proper purposes with reasonable efficiency.

I have a lot in closed end funds (BGY mostly) that pay monthly dividends. Never messed with 401k or tax deferred accounts

A book I would recommend reading is “A Random Walk Down Wall Street” by Burton G. Malkiel

Good Point. You just jogged my memory on short term cap gains. I was concerned about long term which didn’t change and is 15% in our bracket plus depreciation recapture plus some short term gains and finally the medicare (PPACA Obamacare 3.8% for a potential of 45K on a modest 140K sold rental we …

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