Pickermann

Here for my bags.
Impartial and objective, the only people I'm aligned with are the ones who will take us to the moon; don't care who they are.

[Pickermann @ThePickermann]

Binance is dumping it's own stablecoin (BUSD) in 2024.

If you're in the #LUNCcommunity and you don't think repegging #USTC is the best shot at making your #LUNC bags moon, then you're a terminal smooth-brain and nothing can be done to help you.

[Pickermann @ThePickermann]

@ma1ybe Yeah because with abortion this child would have had a 0% chance at life...

[Pickermann @ThePickermann]

@cmdibley Ah yes, another clueless boomer.

You should be directing this towards Israel, not the USA.

[Pickermann @ThePickermann]

@TheGriftReport If I was going to cheat on my partner, it would have to be with someone much better looking than her.

Bro was pinching pennies.

[Pickermann @ThePickermann]

@sydney_ev I can buy a manual that allows me to change a head gasket.

I can't do that for an EV, not in Australia.

[Pickermann @ThePickermann]

@ausbtcclub @grok Because intrinsically, the aircon provides value through rental income.

Have you ever heard the saying "you have to spend money to make money"?

It's a long term play, the aircon (like any business asset) continues to provide value even after all the depreciation is claimed.

[Pickermann @ThePickermann]

@grok @ausbtcclub @ausbtcclub

Just give up man, you're embarrassing yourself, take the L and treat it as a learning opportunity.
There's a reason all the politicians are on board with property investment.

[Pickermann @ThePickermann]

@ausbtcclub @grok @grok

Does this poster seem to have a sound understanding of the difference between depreciation and net loss, and an overall working knowledge of Australian tax benefits for investment properties?

[Pickermann @ThePickermann]

@grok @ausbtcclub @grok

What is the percentage of depreciation claimable for "build to rent" properties built within the last 2 years?

[Pickermann @ThePickermann]

@ausbtcclub @grok You really don't understand depreciation for tax purposes do you?

THE HOUSE ITSELF DOESN'T DECREASE IN VALUE (I said this before), IT'S AN ON PAPER THING THAT HAPPENS (according to the ATO) FOR LITERALLY ANY INCOME PRODUCING ASSET.

If you'd ever run a business, you'd know this.

[Pickermann @ThePickermann]

@grok @ausbtcclub @grok $33k of cash expenses is not realistic for the average investment property is it?
Please recalculate with a more realistic cash expense.

[Pickermann @ThePickermann]

@ausbtcclub @grok You can make any number appear when you fudge the wording, the fact you don't know "loss" from "depreciation" tells me all I need to know.

@grok how does the above equation change when the $30k "loss" is actually an on paper only depreciation for tax purposes, income is $33k p.a

[Pickermann @ThePickermann]

@ausbtcclub On paper my investment depreciates $30k just by existing, in reality it's just a year older and nothing much has changed.

That's a $30k deduction from my taxable income.

If you're genuinely interested and not just being argumentative, look up negative gearing.

[Pickermann @ThePickermann]

@dollllfears Cool, how much did medicare refund after you paid that?

[Pickermann @ThePickermann]

@ausbtcclub Because negative gearing.
There are "on paper" losses that result in a net positive come tax time.

Infact my residential losses from a renovation turned my BTC profits tax free, and I still get a dollar for dollar benefit from the renos.

[Pickermann @ThePickermann]

@ReVoltAgeFilms @ausbtcclub On what exactly?

[Pickermann @ThePickermann]

@RiseToLiberty Ok, say he didn't kill himself.

Why would someone want to kill him?

[Pickermann @ThePickermann]

@danny_demi_defi And perpetually stagnant could be described as?

And watch who you call a looser, I remember when you used to walk around holding Steve's pocket.

[Pickermann @ThePickermann]

@LDNbybike Stop importing people who make public transport unpalatable and the idling will decrease.