Recent content by Shallok

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Are USA Economic Numbers Cooked?

I'm a financial/managerial guy, but GAAP has nothing do to with it--the BEA is actually closer to following FASB 78 on pensions now. But they aren't accountants and they do not not need to go through and adjust books for it all. They get information and process it according to their...
- Shallok
- Post #42
- Feb 18, 2014
- Forum: Politics and News
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Are USA Economic Numbers Cooked?

Yeah. I know/knew. I enjoy giving people the benefit of the doubt despite the moving goalposts. Fun times.
- Shallok
- Post #28
- Feb 17, 2014
- Forum: Politics and News
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Are USA Economic Numbers Cooked?

Umm, not really. You definitely know that making the switch from cash to accrual requires some work at the time, but going forward it is extremely easy. You, for instance, would certainly have no problem. The only way a mess could happen is if you are employing absolute morons. Why should...
- Shallok
- Post #27
- Feb 17, 2014
- Forum: Politics and News
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Are USA Economic Numbers Cooked?

I guess I misunderstood the source of your complaint then, as it certainly seemed to be related to changes being made at all, not the extent of the changes being made. Sorry, I was under the impression you were unaware that this is nothing unusual.
- Shallok
- Post #18
- Feb 15, 2014
- Forum: Politics and News
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Are USA Economic Numbers Cooked?

http://bea.gov/national/an1.htm#2013comprehensive Can be found quite easily on the BEA's website if you look in the right section. So this is the 14th revision. They occur about every 5 years. Revisions can cover the entire period, back to 1929. In other words, this is just another pile of...
- Shallok
- Post #12
- Feb 15, 2014
- Forum: Politics and News
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Out Of Their Anti Tax Minds

I've grown tired of this. Look at the three stimulus bills of the past 10 years and their creation of a special and temporary increase in depreciation of certain assets and the provision added to the tax code in 1987 changing depreciation schedules for corporate jets to 5 years while leaving...
- Shallok
- Post #217
- Jul 8, 2011
- Forum: Politics and News
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Out Of Their Anti Tax Minds

I haven't said anything about accelerated depreciation (or depreciation) in general, only accelerated depreciation in the context of the specific case of corporate jets--in this case accelerated depreciation that was enacted in order to encourage businesses to buy jets in order to stimulate the...
- Shallok
- Post #214
- Jul 8, 2011
- Forum: Politics and News
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Out Of Their Anti Tax Minds

Try not to go off on a tangent. I did not say that a deduction for corporate jets was illegitimate. This is not at all about whether or not a business should take a deduction. Businesses would still be able to take a deduction. Talking about whether or not it is valid is just a deflection...
- Shallok
- Post #183
- Jul 7, 2011
- Forum: Politics and News
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Out Of Their Anti Tax Minds

When you are talking about deductions created specifically to spur an activity it is essentially spending. Take the private jet issue. It allows accelerated depreciation. There is no real difference between allowing accelerated depreciation and having the gov't cut a check to equal the...
- Shallok
- Post #118
- Jul 6, 2011
- Forum: Politics and News
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Obama goes from most Pro-israel President to most anti-Israel President

ADL: So, ADL, real jews, or are they fake jews? Also, how is one a fake jew? As has been stated several times, Obama said absolutely nothing new in regards to US policy. Also, you are a very sad individual.
- Shallok
- Post #104
- May 20, 2011
- Forum: Politics and News
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Shame! Shame! Shame!

They were chanting shame as the republicans held the vote open for only a few seconds, preventing the majority of the democrats from voting. The shame was in response to that.
- Shallok
- Post #6
- Feb 25, 2011
- Forum: Politics and News
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Clarence Thomas at it again

Sorry, I should have made it clear before, but I was quoting directly from the letter that Common Cause sent to the Clerk of the Supreme Court. http://www.commoncause.org/site/apps/nlnet/content2.aspx?c=dkLNK1MQIwG&b=4773617&ct=9126701 I would consider the actual letter sent to be the...
- Shallok
- Post #46
- Feb 19, 2011
- Forum: Politics and News
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Clarence Thomas at it again

Actually the complaint was "If Justice Thomas received a four-day all-expenses-paid trip to Palm Springs in January 2008 just to give a speech at a dinner, the bulk of his expenses should have been reported as a gift." Fairly reasonable complaint. Its really more of a trap though, either...
- Shallok
- Post #38
- Feb 18, 2011
- Forum: Politics and News
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Social Security fund will be drained by 2037

Who said plummeting? The only reference I saw to plummeting was made by you. Tax receipts from the rich have decreased in relation to their share of AGI. This is fact. Decreased is not plummeting. I suppose its easier to challenge the claim that the receipts are plummeting, but I certainly never...
- Shallok
- Post #143
- Jan 31, 2011
- Forum: Politics and News
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Social Security fund will be drained by 2037

That link doesn't actually address receipts from the rich, only their share of the tax burden. So you have proved that the tax burden has increased. Why has the tax burden increased? Simply because AGI for the top 10% has increased at a greater rate. Tax receipts in relation to AGI have...
- Shallok
- Post #141
- Jan 31, 2011
- Forum: Politics and News

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