On second thought. Pretty sure you need to withhold too, otherwise you just do the same thing per quarter.
If someone knows, please let me know so I can turn off withholding lol
You have to pay quarterly if your withholding doesn't match you tax burdon.
That's oversimplified but in general you cannot wait till tax day or else everyone would. You would just self withhold, leave the cash in a safe money market fund and make 4% on it till tax day.
Tbh one of my main takeaways from this presidency is that states send too much money to the federal gov and have to ask for it back.
It feels like having more local control of how these dollars are spent would maybe even be bi partisan.
Sure, I think their point was just that this is different than cash. If you start selling a bunch of stock to buy things, this would impact the value of your remaining stock negatively. How negatively is pretty hard to predict, but I imagine trying to liquidate that would net far less than half a trillion.
Just to add to this. I've noticed some of my co workers who have developing English skills sound like LLMs sometimes.
I imagine this is probably because they've only wrote English in a school or work setting and never for personal communication.
Tbh a financial disaster might be the only thing to get republicans in Congress to impeach this guy.
Major job losses and equity losses would make it super easy to save face and blame the guy in charge.
Not that I want that to happen, but it could be a silver lining if it did
Thank you, I really don't understand all the complaints on this thread. It's like everyone became really pro advertising lol.
If I want an answer to a question(say what internal temp do I need to cook chicken too), then I can easily get it without scrolling through a bunch of ads and articles about cooking chicken.
Right I feel like you're all missing my point, I probably didn't explain my thought process well.
The premise is that:
giving out loans involves risk. To make the risk worth while, the lender needs more upside(higher rate). The more unknowns, the more risk, thus higher rates.
My logic is that if lenders had more information then they would be better positioned to evaluate risk, thus borrowing could become less expensive for people that are less risky. This is due to competition between lenders for customers. On that, based on friends getting mortgages recently, it does actually feel like there is a decent amount of competition that space specifically.
I will admit that in one of the other threads someone linked to a study that proves this wrong for medical debt specifically.
Thanks for the link!
Yeah it does seem like my understanding is incorrect here "CFPB’s research reveals that a medical bill on a person’s credit report is a poor predictor of whether they will repay a loan,"
My argument is a purely logic based one. Lenders make money by giving out loans, so it's against their interest to deny loans to people which are capable of repaying them.
So the finding is a bit surprising, but willing to admit I'm wrong here :)
It is real debt in the sense that you have an obligation to pay it back.
Sure, you don't have a choice to take it, but that doesn't mean it won't effect your finances.
On second thought. Pretty sure you need to withhold too, otherwise you just do the same thing per quarter. If someone knows, please let me know so I can turn off withholding lol
You have to pay quarterly if your withholding doesn't match you tax burdon. That's oversimplified but in general you cannot wait till tax day or else everyone would. You would just self withhold, leave the cash in a safe money market fund and make 4% on it till tax day.
Tbh one of my main takeaways from this presidency is that states send too much money to the federal gov and have to ask for it back. It feels like having more local control of how these dollars are spent would maybe even be bi partisan.
Cause all the real doctors are on tiktok
\s
Sure, I think their point was just that this is different than cash. If you start selling a bunch of stock to buy things, this would impact the value of your remaining stock negatively. How negatively is pretty hard to predict, but I imagine trying to liquidate that would net far less than half a trillion.
Wait, so ice didn't look in prisons for actual convicted criminals? Lol
That guy you met at a party that has a "killer app idea" Lol jk, probably not even him
I don't see how. He doesn't have the same grip on the party and thus Congress wouldn't let him get away with as much
Time is bad for you
Just to add to this. I've noticed some of my co workers who have developing English skills sound like LLMs sometimes. I imagine this is probably because they've only wrote English in a school or work setting and never for personal communication.
...or maybe they're all just using LLMs idk
Tbh a financial disaster might be the only thing to get republicans in Congress to impeach this guy. Major job losses and equity losses would make it super easy to save face and blame the guy in charge.
Not that I want that to happen, but it could be a silver lining if it did
That's just evil. Next they're going to look into your calendar to see if you're running late.
CBS NBC and FOX are still available without cable in most places if that's what you mean. Aka with an antenna.
Or you could use the internet for news
Yeah a redesigned clippy would have actually been kinda great lol
Thank you, I really don't understand all the complaints on this thread. It's like everyone became really pro advertising lol. If I want an answer to a question(say what internal temp do I need to cook chicken too), then I can easily get it without scrolling through a bunch of ads and articles about cooking chicken.
I read this question and immediately started craving a diet coke lol
Right I feel like you're all missing my point, I probably didn't explain my thought process well.
The premise is that: giving out loans involves risk. To make the risk worth while, the lender needs more upside(higher rate). The more unknowns, the more risk, thus higher rates. My logic is that if lenders had more information then they would be better positioned to evaluate risk, thus borrowing could become less expensive for people that are less risky. This is due to competition between lenders for customers. On that, based on friends getting mortgages recently, it does actually feel like there is a decent amount of competition that space specifically.
I will admit that in one of the other threads someone linked to a study that proves this wrong for medical debt specifically.
Thanks for the link! Yeah it does seem like my understanding is incorrect here "CFPB’s research reveals that a medical bill on a person’s credit report is a poor predictor of whether they will repay a loan,"
My argument is a purely logic based one. Lenders make money by giving out loans, so it's against their interest to deny loans to people which are capable of repaying them.
So the finding is a bit surprising, but willing to admit I'm wrong here :)
I'm sure if they could get that info it would be on there. Seems like it would be useful for loan decisions.
It is real debt in the sense that you have an obligation to pay it back. Sure, you don't have a choice to take it, but that doesn't mean it won't effect your finances.