briegs

[briegs @briegs4]

@adilatwork The clearly marked and planned pickup and drop off points in Singapore will be a game changer, the worst part of way in LA and SF is pickup and drop off.

In Singapore this is going to be the smoothest and best part of it. Waymo will be elite in Singapore 🙌🙌

[briegs @briegs4]

@iamkennethchan Nice, welcome to sg. Former Vancoverite, now permanently living in SG. Let me know if you need recommendations.

[briegs @briegs4]

@chamath @Jason Fair enough…

[briegs @briegs4]

@chamath @Jason For taking Ozempic? That’s a bar so low you can’t limbo under it.

[briegs @briegs4]

@phil_labrecque @RichardDias_CFA This chart is incredibly misleading, Hong Kong and Singapore, technically have “debt” it’s backed into hard assets in sovereign wealth funds.

When you back out these assets, both Singapore and Hong Kong have negative debt (surpluses).

[briegs @briegs4]

@CynicalNycholas @guyfelicella What do you think happens in the future when the condo fees go up and special assessments roll in…

Also, imagine you live in those buildings and the government has 60% of the strata votes come AGM…

Grab your 🍿… this is gonna be a disaster.

[briegs @briegs4]

@guyfelicella People: "let’s make housing more affordable."

Government: "Let bail out the developers. Buy $3.2B of their inventory at peak prices, can’t allow a correction and bring affordability to the struggling youths of the country."

can't make this stuff up.
It's the ideology. 🫠

[briegs @briegs4]

@SteveSaretsky The real irony of this situation… when times are good again, they’ll need an additional tax on the developers to make up for all the losses and ongoing condo fees on the units the gov bought at record high and rent below market…

[briegs @briegs4]

@CamdenHutchison Most have 0 clue what’s being taxed… the majority of people who work a regular job, own a home and do some investing and periodically realize gains, would see minimal tax on their exit…

It’s the people who own companies and have money in hold CO’s that get the big surprise…

[briegs @briegs4]

@RemoCan62 @DayleenVann Exactly as you said… 1, they’ll never know you have it… 2… it would need to be purchased for above $10,000 and appreciate in value. Used jewelry appreciating in value haha, yeah not happening.

[briegs @briegs4]

@Greyinggeek1 @DayleenVann Lol you don’t even know what an unrealized gain is.

[briegs @briegs4]

@Greyinggeek1 @DayleenVann Key words… “unrealized capital gains”

[briegs @briegs4]

@Arctic_Ninja @DayleenVann Not a flat rate. The income of the individual in year they leave has an impact. where the assets live (in a company or not). capital gains in a co are offset by cap-dividends. Are the dividends in the corp eligible or not. Most people are so clueless and spewing misinformation.

[briegs @briegs4]

@hedgesense1 @DayleenVann I’ve left, I paid it… it’s not a flat rate, it’s deemed disposition, it different fo each persons situation.

Most people with a job and regular income will owe very little, it mainly for people with companies and hold CO’s, but you defer and use means to somewhat escape it.

[briegs @briegs4]

@GadSaad I assume this is mostly due to you owning a corp that has a value, there is ways around that. You put the shares of the corp up as collateral and deffer.

Your stocks, investment properties and other assets, you’ll owe right away, but those are more liquid and easy to pay on.

[briegs @briegs4]

@mario4thenorth Put the shares of the business up as collateral, and deffer the tax on the company Indefinitely…

You owe on other assets, but plenty of ways to soften that blow, all the exit tax is deferred tax you owe at some point. The trick don’t go to USA, leave to a low/no tax country.

[briegs @briegs4]

@GadSaad You only pay tax on what was deferred anyway, ypu owed every penny at some point.

That said, there’s many ways to deffer and minimize the exit tax. The main problem for you is your going to a country with high tax, makes much more sense to leave to a low or no tax coutry.

[briegs @briegs4]

@phucksin @MyLatinLife This is a common misconception, it depends what country you are going to.