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Business, Economics, and Taxes: Capitalism. Yay? >=(

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Apparently, even though Dobbs was the highest rated show on the Fox Business channel, the show was something of a loss leader because he'd lost so much advertising in the last handful of years.
 
Proud2baLaker said:
I got my $600 after Jan 1 too but put down that I did receive it. If you put down that you didn't, they will add it to any return you get this year. But, the way I read it, if you put down 0 and then got it after you file but before you processing or whatever, then it will be removed from your return. If they see you still haven't gotten it by the time they process then it will be added to your return then. So on your case, it sounds like if you put 0, it won't get added to your return since you did end up getting it.

There is no 1099 or anything. There will likely be a place that simply asks to confirm what you got (as I was asked when doing it online).
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Just did my preliminary taxes (holding off filing til my wife's student loans are officially gone under the PSLF program - she should officially hit her 10-year mark this month - since if we file jointly and they don't go away her payments will skyrocket).

There's a one-page worksheet where they ask you about both stimulus payments (which TurboTax and other software will automate). Basically ask you what you got each round, what your income is, and what you should've gotten based on that income and family situation. If you got less than you should've you get a credit on your taxes. If you got more, you don't owe the difference.

One key is that they treat each stimulus independently. So in my case, we got too little last spring and too much last month, so we get to claim a credit for the missing amount last spring but don't have to reduce that amount by the overpayment last month.
 
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RaceBoarder said:
Tax Question:

Do I need a 1099 or similar form for my two stimulus checks or are those payments already baked into the 1040 Form?

With no other income outside of my one normal job last year, it seems that I just need that W-2 and my Student Loan interest form. It seems too simple so I don't trust it, ha ha...
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You don't need the form, but if you don't remember the amount you received in either or both rounds, you can now look it up online at irs.gov/account.
 
St. Clown said:
He wouldn’t even have to use their name, just say that the machines in State X were rigged, and if it’s a state using Dominion machines, that would be enough.
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I would assume even retweeting or promoting people who are saying it would count as well.
 
So, funny thing. I bought one share of GME ($71) and one of AMC ($7) for solidarity last week, and I have been following them.

They are tracking exactly.

Somebody is doing something weird.
 
Kepler said:
So, funny thing. I bought one share of GME ($71) and one of AMC ($7) for solidarity last week, and I have been following them.

They are tracking exactly.

Somebody is doing something weird.
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Isn't it likely that two WSB backed stocks will follow the same trend since one would be likely to have bought both and will probably buy/sell in tandem?
 
Spartanforlife4 said:
Isn't it likely that two WSB backed stocks will follow the same trend since one would be likely to have bought both and will probably buy/sell in tandem?
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I guess that would explain the buy side of the equation, but the sell side?

Plus, the thing is before the Robinhood Screw Job there was latency between the stocks -- AMC was on a similar trajectory but trailing-- but that event seems to have "synced" them.

It seems to me the only way that would happen would be simultaneous collusion on the buy side (retail) and the sell side (hedgies).
 
Fighting Sioux 23 said:
Yeah, but truth is an absolute defense to a defamation claim, so he should have nothing to worry about. (MASSIVE wink emoji)
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My guess is these cases, if competently defended, will be defended not on the truth or falsity of the statements but on the damages.

If no one believes the statements, no matter how outrageous or untruthful, there are no damages here. This case is even more interesting because it's not like these voting machines are a consumer product where the public gets turned off of them due to the statements. There are probably a very limited set of buyers for these machines (state and local election officials?) so they'll have to show that those individuals have decided against buying the product because of Trump's fraud claims. Probably not going to be that easy to do.
 
SJHovey said:
My guess is these cases, if competently defended, will be defended not on the truth or falsity of the statements but on the damages.

If no one believes the statements, no matter how outrageous or untruthful, there are no damages here. This case is even more interesting because it's not like these voting machines are a consumer product where the public gets turned off of them due to the statements. There are probably a very limited set of buyers for these machines (state and local election officials?) so they'll have to show that those individuals have decided against buying the product because of Trump's fraud claims. Probably not going to be that easy to do.
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Actual damages may or may not be terribly high, but exemplaries could be off the charts Kemosabe.
 
Fighting Sioux 23 said:
Actual damages may or may not be terribly high, but exemplaries could be off the charts Kemosabe.
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If it is libel per se (which it could be, since the alleged statements are about ability to perform a profession, even though these are corporate plaintiffs), proof of actual damages is not required, is it? On the other hand, as a general rule, courts do not allow sky high punies when actual damages are minor, even if a jury finds otherwise. Not versed on how that general rule applies to defamation, though.
 
SJHovey said:
My guess is these cases, if competently defended, will be defended not on the truth or falsity of the statements but on the damages.

If no one believes the statements, no matter how outrageous or untruthful, there are no damages here. This case is even more interesting because it's not like these voting machines are a consumer product where the public gets turned off of them due to the statements. There are probably a very limited set of buyers for these machines (state and local election officials?) so they'll have to show that those individuals have decided against buying the product because of Trump's fraud claims. Probably not going to be that easy to do.
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I am pretty sure they have already said it has happened. The CEO (or some high up officer) hasn't been shy about interviews on the subject. Their name is tarnished in American politics.

I don't think your strategy will help the defendants that much. There is no jury that won't think dominion has been damaged by what they said. Dominion has been 'linked" to foreign actors trying to overthrow our election. They were slandered on TV and Twitter thousands of times about changing votes. This is not some one off it is months of lies and harassment. It is not some giant leap to assume their reputation took a hit and future money will be lost.
 
Handyman said:
I am pretty sure they have already said it has happened. The CEO (or some high up officer) hasn't been shy about interviews on the subject. Their name is tarnished in American politics.

I don't think your strategy will help the defendants that much. There is no jury that won't think dominion has been damaged by what they said. Dominion has been 'linked" to foreign actors trying to overthrow our election. They were slandered on TV and Twitter thousands of times about changing votes. This is not some one off it is months of lies and harassment. It is not some giant leap to assume their reputation took a hit and future money will be lost.
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If you actually listen to his quotes, or what he claims, it's pretty sketchy in terms of damages.

First, he always cites the harassment and death threats against Dominion employees. Ok, that may be true, but that actually isn't a claim Dominion has, it's a claim the employees might personally have.

Next, he talks about spending a few million on security. Ok, that's probably a recoverable claim, but it's a far cry from a billion dollars.

Everything else is just very vague like "catastrophic hit to our reputation." That sounds good on tv, but does nothing in a courtroom.

Ultimately these cases will be settled for something, but it isn't even going to be in the same universe as $1.3 billion or whatever silly number they are looking for in these claims.
 
SJHovey said:
If you actually listen to his quotes, or what he claims, it's pretty sketchy in terms of damages.

First, he always cites the harassment and death threats against Dominion employees. Ok, that may be true, but that actually isn't a claim Dominion has, it's a claim the employees might personally have.

Next, he talks about spending a few million on security. Ok, that's probably a recoverable claim, but it's a far cry from a billion dollars.

Everything else is just very vague like "catastrophic hit to our reputation." That sounds good on tv, but does nothing in a courtroom.

Ultimately these cases will be settled for something, but it isn't even going to be in the same universe as $1.3 billion or whatever silly number they are looking for in these claims.
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What's the price of a machine, and how many states will have to update their voting machines in the next election, and the one after that, and then again, and again, and so on? You can make a claim that their reputation has been damaged to prevent greater future sales.
 
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