[WhiskyPat12]

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[RickFLM4]

I had this texted to me 3 times so not all that funny to me but maybe someone else will think it is.

[Dpc2u]

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[WhiskyPat12]

I stole all of these next two posts from MischiefTV's Insta Stories. Time to corse correct this thread.

https://instagram.com/mischieftv?igshid=18uctuohi396x

[WhiskyPat12]

Originally Posted by WhiskyPat12

I stole all of these next two posts from MischiefTV's Insta Stories. Time to corse correct this thread.

https://instagram.com/mischieftv?igshid=18uctuohi396x

2

[Captain Blood]

V

[Run Silent]

Originally Posted by RickFLM4

I had this texted to me 3 times so not all that funny to me but maybe someone else will think it is.

I'm a CPA so this is funny as shit.

[corn18]

Originally Posted by Run Silent

I'm a CPA so this is funny as shit.

DOn't you know it. We are putting everything into the C category for the quarterly earnings call. EBITDA = $0. EBITDAC = $500M.

I'll bet the M&A guys are having a blast trying to convince potential buyers that they are worth 10x EBTDAC.

[H2O_Doc]

Originally Posted by Run Silent

Why??

It's literally a bit of his money the government stole from him last year.

It's not a gift if someone robs you and then comes by later and gives you a couple bucks back.

Apparently you are part of the problem if you don't get this




Taxation is theft.

Taxation, properly administered, provides a foundation of infrastructure that allows for prosperity and innovation to flourish.

[Murf993]

Originally Posted by H2O_Doc

Taxation, properly administered, provides a foundation of infrastructure that allows for prosperity and innovation to flourish.

I think the problem is that I've never seen a properly administered tax. I've worked with government and my wife works in government after working in the private sector for decades.....the waste and mismanagement is shocking.

[floridaorange]

We are a wasteful culture though - aren't we?

[RickFLM4]

Originally Posted by Run Silent

I'm a CPA so this is funny as shit.

Me too and was funny first time I saw it.

Originally Posted by corn18

DOn't you know it. We are putting everything into the C category for the quarterly earnings call. EBITDA = $0. EBITDAC = $500M.

I'll bet the M&A guys are having a blast trying to convince potential buyers that they are worth 10x EBTDAC.

Need to be careful with that C category if a public company. Can’t adjust to add back lost revenue or costs that would have been normally incurred anyway. Costs directly related to and arising from COVID (like impairments) are ok. Lots of guidance out there on this. EY put out something last week, Deloitte has a non-GAAP guide and SEC counsel should weigh in.

Ok enough accounting...

[corn18]

Originally Posted by RickFLM4

Ok enough accounting...

My head exploded. I’m a BD guy. I know I don’t like paranthesis and red numbers. Beyond that I am a serious governance risk.

[Dpc2u]

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[Ickdeep]

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[vreihen16]

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[vreihen16]

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[vreihen16]

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[Captain Blood]

Originally Posted by H2O_Doc

Taxation, properly administered, provides a foundation of infrastructure that allows for prosperity and innovation to flourish.

Isn't no taxation a basic tenet of communism?

Karl Marx, via his newspaper, the Neue Rheinische Zeitung, published this decree, adding: "From today, therefore, taxes are abolished! It is high treason to pay taxes. Refusal to pay taxes is the primary duty of the citizen!" Marx was later prosecuted for promoting tax resistance, but was acquitted after arguing that it was not illegal to promote tax resistance against an illegal government.


I will avoid any other political discussion on this thread.

[Captain Blood]

Originally Posted by 2000cs

You’re thinking of confiscation, which is effectively 100% taxation. No need for a separate tax if you’ve already confiscated everything, right?

I edited my post, take a look at it again.

[Captain Blood]

Cox

[H2O_Doc]

Originally Posted by Murf993

I think the problem is that I've never seen a properly administered tax. I've worked with government and my wife works in government after working in the private sector for decades.....the waste and mismanagement is shocking.

I think that's fair and I think we agree. However, as I dislike calls for free college for all, I also dislike reflexively dismissing the role that taxes can play in investing in our prosperity. I think we should take the time to be both more nuanced and more civil in our conversations about taxes and other matters.

We are a sound bite society.