@devlyn_angel @DanWuori You basically can’t buy anything but food products. It’s insane. The Governor loosened them after Superstorm Sandy and the county executive complained people were buying non-necessities.
@KurtzOrin@ProfRobAnderson I have been involved in transactions where, after the deal closed, the investment bank asked the client for a 7 figure “tip” (on top of their negotiated fee, a % of the deal price) and received it.
@Preyzar @BroyleTim@Strandjunker Yes, but wealth that is accumulated through appreciation, like an increase in stock value, doesn’t become income until you sell the stock, but it can still be borrowed against.
@annemarien97 @jacoh55 @Strandjunker Which is based on your income. Ultra wealthy people show less income, they borrow and use that money to buy stock which appreciates but doesn’t count as income until it is realized. So their wealth grows but they don’t generate income. They don’t “earn” anything.
@BroyleTim@Strandjunker How is income determined for tax purposes in Finland and Switzerland? I’m the U.S. the ultra wealthy find ways to drastically reduce their taxable income.
@artemis_nieves It can be done in 90 minutes, but how soon will you be leaving after the test? If you don’t keep practicing you will lose it. How hilly is the area where you are going? There is a huge difference between a flat start and a start from a stop on a hill with a car on your bumper