To prove this, she tweeted out a bunch of rich-person math—which makes my brain hurt.

Naw, it’s rich people’s math. She leveraged a million dollars. Poor people don’t have a million dollars.

This makes me want something I didn’t know existed: legitimate high-end tax classes with teacher Amouranth, dressed as a scantily clad Hogwarts professor.

Naw, it’s rich people’s math. She leveraged a million dollars. Poor people don’t have a million dollars.

Yes, what will the world do without an experts input on Amouranth’s fucking gas station.

Gas stations, dry cleaning/laundry are the best franchises to own. Smart lady.

Assuming she actually had an income tax bill of 1.1 million+, she also got to convert her regular income into capital gains income. She’d pay 23.8% on the depreciation amount vs the 37% she pays now. So essentially the government would pay her $145,000 to buy real estate, though property taxes would eat that up pretty…

The gotcha though is that if she never sells and then she dies. If she has heirs, they will get what’s called step-up basis meaning, for purposes of taxes, they get the asset at the price at which it was when she died. So if it’s worth 4 million when she died and then her heir sells it at 4million and 1 dollar, only…

And also not a comp structurally. You’re comparing the aggregate construction cost of a government funded/operated facility versus the perceived net present value of cash flows tied to a private business. It’s completely irrelevant.

That is... in no way a comp for a gas station.

She does go on to explain that if she sells the property in the future for the same price, she’ll owe taxes on that $3 million again. But until that day, she’s basically getting an interest-free loan from the government.

Nice mid-article ad. 

I still think we need to give Ilhan Omar an actual Gundam, though.

Take my star you bastard. 

When he trained those turtles?

Sometimes subjective opinions are still wrong.

Small potatoes for an IP that borrows so much from Alien. 

They didn’t sell Banjo Kazooie. They never bought up Rare, having only owned a minority stake in the studio, so Banjo went with them when Microsoft bought them out. Same with all of Rare’s other IP like Perfect Dark. 

But to be fair, nobody should watch Red Planet. 

Are we still not talking about how the robot is a copy of the robot A.M.E.E. from Red Planet? They used a similar naming convention.