Hooray for parsimony in financial reporting that may save big $$$ that can be passed on to consumers!
In a compromise, I’d agree to a very limited SEC reporting on the odd quarters; i.e. 3/31 and 9/30 accounting dates. There would be balance sheets and income statements in limited detail, so as to streamline the required reports on those odd quarter ends.
Libs who might down vote: please explain why you down voted on a post supporting a streamlined reporting schedule when AUDITS would NOT be impacted.
APRIL 17, 2018 AT 9:15 PM
DNCs Coll(F)usion GPShip Strzok an IceberGowdy says:
LIKE OR DISLIKE:
0
1
I and anyone else posting here DO NOT have to justify our comments as being valid. If that were the case, I and everyone else could simply create rabbit holes by questioning the relevance of ANYTHING ANYONE writes.
Polar, the Resistance is still batting 0 against anything the President does. If he had said he wanted quarterly instead of semi-annual, they would have posted equally hateful comments. If this makes good economic sense, that is not what they want, obviously. They can’t stand success by this President and want him to fail. What country are they living in?
If Trump only cares about himself and his cronies, why did NEARLY ALL US workers get a tax cut in January, 2018? Yeah; that’s a tough one to answer, isn’t it?
1. Congress wrote and passed the bill
2. The token cut for most Americans was just to buy your vote so they can cut the taxes for the top even more down the road. When do we start paying down the debt?
3. I will wager a whole lot that he and his cronies will profit more from the tax bill than the whole middle class combined. Of course it cannot be proven unless his tax returns are released. Pretty convenient huh?
August 21, 2018 at 4:09 pm
Agent says:
Like or Dislike:
2
3
Ron, I got tired of paying your taxes under the burdensome Obama tax rates. Are you sending your crumbs in to pay your tax bill now?
August 22, 2018 at 7:07 am
PolarBeaRepeal says:
Like or Dislike:
0
2
@Ron; objectors to the tax cuts can return them to the US Treasury. Will you do so?
August 22, 2018 at 8:01 am
Ron says:
Like or Dislike:
2
0
“objectors to the tax cuts can return them to the US Treasury. Will you do so?”
Yes. They can have the extra $20 in my bi-weekly paycheck; if it will fix our debt problem. Unlike you “fiscal conservatives”, I believe we should cut spending across the board and increase some taxes to pay down our debt. It will save us billions in the long run. Problem is, that does not buy votes.
August 22, 2018 at 8:59 am
Captain Planet says:
Like or Dislike:
2
1
I’ll echo Ron’s comments. Spot on!
August 24, 2018 at 7:20 am
PolarBeaRepeal says:
Like or Dislike:
0
1
@Ron; 3. Your ‘wager’ has no validity on a message board where your identity is unknown, and thus, no significant, actual wager can be verified.
2. It is a lie to say tax cuts were ‘token’ cuts or ‘crumbs’. Hyperbole will not go unnoticed and unreported.
1. POTUS signed the bill he asked Congress to produce and send to his desk. Misstatement of facts and outright lies will not go unchallenged.
August 24, 2018 at 7:21 am
PolarBeaRepeal says:
Like or Dislike:
0
1
@Capt Platitude: your echo chamber repetition of another persons’ lies and hyperbole gives them no greater value, and diminishes you further.
August 24, 2018 at 8:49 am
Ron says:
Like or Dislike:
1
0
Fact: Presidents do not write nor pass legislation. They sign or veto legislation that is put on his desk.
Can you name one bill in our history that any president wrote that was passed by Congress as written?
Please take some time to read the Constitution and take a Civics 101 class.
August 24, 2018 at 11:09 am
Captain Planet says:
Like or Dislike:
1
1
Yogi,
I am echoing the fact I’d send my $20 biweekly back to help with our debt problem. It was a question you posed, Ron answered, and I echoed his answer. Thanks for trying out!
August 24, 2018 at 6:19 pm
bob says:
Like or Dislike:
0
0
“I believe we should cut spending across the board and increase some taxes to pay down our debt. It will save us billions in the long run. Problem is, that does not buy votes.”
No it won’t, the issue here is when you have too much taxes to work.
For a family of 4 it is not small, it’s $2,000-$4,000 per family.
For my wife, I am getting her to work next year, and it’s due to the $4,000 difference. Now here we go to why the tax cuts need to happen, and contrary to what you said, will allow us to pay down debt over time as opposed to constantly insisting on tax increases to pay for bloated government:
You reach a point in which a family of 4 removes the wife from work. If this is even 3 million families, and it is likely more, it affects the labor participation rate. These families then need to collect from the government to offset that, which they will, from the ACA subsidies. I could get $5,000 there, or a $4,000 dollar refund which sends my wife back to work, and when she does, you get payroll on $30k of billings. That offsets the tax credit, but then she goes to work. Her work gets $100k of her billings. It’s taxed at now say 15% instead of 25% due to the cuts. The company gives a $1k bonus, which sounds small, but it’s not, the government still gets $15,000 of the revenues from the business instead, and they won’t have that $1k cost to have to provide services themselves instead of the economy. The more you have social services provided by the economy, the more you take away from the economy to be able to provide. Now, in order to get my $4,000 dollars, you’re also going to lose $19k, $15k in business revenues, and $4k in payroll and Medicare.
The reason we have not had this affect often, is because the child tax credit has not been extended enough, period, even since Bush W, and certainly not during Obama. It needs to be extended specifically beyond $80,000 to $200,000 to hit this portion of society. But your side won’t allow that, will they? They have to get theirs.
During Bill Clinton the EIC was expanded a lot, so were the child tax credits and THIS is why revenues went up. His top rate was 39.5%, do you really think his tax increase was what caused the 20% revenues? I don’t. Considering that it matched the revenues brought in when the top rate was 95%, and the income cut off was much lower accounting for inflation.
The taxes must be lowered, and the fact that you say you would rather pay down government debt, than allow for a family to take care of itself and keep it’s money, is just insane.
You’re basically a socialist, as much as you hate being called it, you are. It’s time to end this attitude, which I am sure was taught to you by fools in the Catholic Church (I’m a Catholic, do yo use how I’m able to question everything, even the things I follow? You apparently lack this ability.)
August 24, 2018 at 6:45 pm
bob says:
Like or Dislike:
0
0
“Yogi,
I am echoing the fact I’d send my $20 biweekly back to help with our debt problem. It was a question you posed, Ron answered, and I echoed his answer. Thanks for trying out!”
But you would just as soon rob me of $4,000 and other working families that had to go to college to earn what they did. It’s more than that for architectural, programming, or other types of families, since they would be $80k each. You’re not helping anything by saying you want to get rid of their tax benefits and put in single payer. You’re harming that specific class of citizen. You’re not the social good. You’re basically the social evil.
August 24, 2018 at 6:53 pm
bob says:
Like or Dislike:
0
0
“1. Congress wrote and passed the bill”
So then they aren’t a do nothing republican congress?
Also, the bill was based off of Trump’s tenets. This is very much so his bill, and he owns it like Obama gets to own his tax plan passed.
It’s very funny that you have several times said in similar scenarios the president should own something like this, and now you refuse to link it to Trump.
Whatever floats your boat, you’re so full of it.
August 27, 2018 at 11:20 am
Ron says:
Like or Dislike:
0
0
Bob,
I did not say raise taxes on everyone. Have you ever read and accurately comprehended my tax reform proposal?
I never said the Republicans in Congress do nothing. I do think they waste a lot of taxpayer time and money.
When have I ever linked the writing of a bill to a president?
I thought this bill was based on well-established Republican tenets that have been the cornerstone of the party.
August 21, 2018 at 12:07 pm
Ron says:
Like or Dislike:
0
0
I am only opposing President Trump’s policies that I believe will cause harm to our country’s economy, respect around the world, and environment.
For the record, I never voted for nor have supported Governor Cuomo.
RE-POSTED TO CIRCUMVENT DOWN VOTE CENSORING BY libs suffering from TDS:
PolarBeaRepeal says:
Poorly-rated. Like or Dislike:
Thumb up 0
Thumb down 10
Hidden due to low comment rating. Click here to see.
Hooray for parsimony in financial reporting that may save big $$$ that can be passed on to consumers!
In a compromise, I’d agree to a very limited SEC reporting on the odd quarters; i.e. 3/31 and 9/30 accounting dates. There would be balance sheets and income statements in limited detail, so as to streamline the required reports on those odd quarter ends.
Libs who might down vote: please explain why you down voted on a post supporting a streamlined reporting schedule when AUDITS would NOT be impacted.
Reply
Attention Libitterals: you can either respond with 5 more down votes to censor the re-post above, or actually respond to it, to the best of your ability. I believe you’ll take the lazy route, to try again to censor conservative ideas.
Quarterly reporting would be OPTIONAL, not MANDATORY. But, continue to oppose progress – that would lower costs to consumers – as a symptom of your TDS.
For the love of all things holy, reading comprehension! I am talking about quarterly calls, not the prospectus. It’s called, being an informed investor.
How is a quarterly call possible without prep of qtrly reports? Hmm?
August 22, 2018 at 8:04 am
Ron says:
Like or Dislike:
2
0
Any reputable company preps reports no less than daily to know their business. To put together a complete report for investors should take only a few hours to complete.
August 22, 2018 at 9:00 am
Captain Planet says:
Like or Dislike:
2
0
Yogi,
You aren’t being honest. You asked which investors read all the reports, not what the calls are based on. Further, that wasn’t even to my point, you were changing the subject as any good troll will try to do. I simply said I listen to the calls.
August 24, 2018 at 7:25 am
PolarBeaRepeal says:
Like or Dislike:
0
0
I ask again, and direct the question at you specifically; what percentage of stockholders actually read in entirety their investment portfolio 10-K reports and other related financial reporting materials from their investment manager?
AUGUST 20, 2018 AT 12:25 PM
Captain Planet says:
LIKE OR DISLIKE:
Thumb up 9Thumb down 1
Exactly, KP, shareholders want this quarterly detail. I know I listen in on quarterly calls on certain stocks I purchase.
Why not give companies a choice of quarterly or semi annual reporting like other counties we compete with!
This may also level the playing field with privately held US companies by design.
Encourage longer term focus, capital projects and minimize compliance expense.
This may also encourage less micro management, more field “face to face” analyst underwriting and limit stock volatility long term.
Seems to me that the stock market has done very well under our great President. We are about to go over 26,000 on the Dow Jones. Face it, he is good for business and business knows he is good for it.
Yes, Polar, it is astounding how stupid the lefty’s are about Capitalism. There favorite system is Socialism which has never worked anywhere it has been tried.
August 21, 2018 at 9:02 am
Captain Planet says:
Like or Dislike:
6
2
Funny, Agent – you were singing the opposite tune about the stock market when it hit all time highs under President Obama. Way to stay consistent! Hypocrisy continues to be highlighted on you and many on the right.
Polar, nice to know we have a President who knows how the economy works and is restoring the country to fiscal health. Socialists have no clue how an economy works.
August 21, 2018 at 2:01 pm
Captain Planet says:
Like or Dislike:
3
2
Hilarious, Agent. Tramp can’t even spell economy. He thinks it’s spelled econo-ME.
August 24, 2018 at 7:34 am
PolarBeaRepeal says:
Like or Dislike:
0
2
@Capt Platitude: can you spell ‘all-time, longest bull run’? Also, can you explain why that happened, rather than the market collapse predicted by the Libitteral media?
August 24, 2018 at 11:12 am
Captain Planet says:
Like or Dislike:
0
0
Sure I can spell it, President Barack Obama. Tramp can thank him for handing over a repaired economy, unlike the one President Obama inherited.
August 21, 2018 at 9:47 am
Ron says:
Like or Dislike:
5
1
Agent,
Where was this praise for previous president when the DJIA recovered from its 2nd worse decline, before he took office, them hit record highs during his administration?
Why? I never voted for him nor ever supported him.
August 24, 2018 at 7:40 am
PolarBeaRepeal says:
Like or Dislike:
0
2
@Ron; a shout out is owed for his ACCOMPLISHMENTS, and is not contingent upon your prior support by voting for him. Consider that when you next view another Hollyweird Award Show that rewards ‘participation’ rather than accomplishment.
August 24, 2018 at 7:38 am
PolarBeaRepeal says:
Like or Dislike:
0
1
The DJIA recovered in spite of Obama’s inept administration (e.g. restrictive and harmful regulations) and insufficient fiscal policies that tried to ruin the US economy by hyuuuge amounts of wealth transfer, from rich to poor, and from the USA to Iran – in laundered cash payments.
Streamlined, non-detailed, odd-quarter reporting is an option likely to be widely accepted if this semi-annual reporting proposal is rejected by those who fear businesses are cheating US tax revenue collectors.
Further; quarterly reporting wouldn’t be necessary if the US IRC weren’t so complex. If it were replaced with a Flat Tax system, there wouldn’t be a ‘need’ to report frequently, and the US Treasury could easily continue quarterly collection of tax payments. More important, some of MY time would be freed up.
Hidden due to low comment rating. Click here to see.
Nope. I don’t have to justify or explain to you, why I disagree with you.
I don’t have to allow you to censor my posts; see re-posting below. I can re-post that one, too, if need be.
APRIL 17, 2018 AT 9:15 PM
DNCs Coll(F)usion GPShip Strzok an IceberGowdy says:
LIKE OR DISLIKE:
0
1
I and anyone else posting here DO NOT have to justify our comments as being valid. If that were the case, I and everyone else could simply create rabbit holes by questioning the relevance of ANYTHING ANYONE writes.
Polar, the Resistance is still batting 0 against anything the President does. If he had said he wanted quarterly instead of semi-annual, they would have posted equally hateful comments. If this makes good economic sense, that is not what they want, obviously. They can’t stand success by this President and want him to fail. What country are they living in?
So, when you were battling everything the previous president did and wanted him to fail, that was OK?
He does not care about you or our country, only himself and his cronies.
If Trump only cares about himself and his cronies, why did NEARLY ALL US workers get a tax cut in January, 2018? Yeah; that’s a tough one to answer, isn’t it?
1. Congress wrote and passed the bill
2. The token cut for most Americans was just to buy your vote so they can cut the taxes for the top even more down the road. When do we start paying down the debt?
3. I will wager a whole lot that he and his cronies will profit more from the tax bill than the whole middle class combined. Of course it cannot be proven unless his tax returns are released. Pretty convenient huh?
Ron, I got tired of paying your taxes under the burdensome Obama tax rates. Are you sending your crumbs in to pay your tax bill now?
@Ron; objectors to the tax cuts can return them to the US Treasury. Will you do so?
“objectors to the tax cuts can return them to the US Treasury. Will you do so?”
Yes. They can have the extra $20 in my bi-weekly paycheck; if it will fix our debt problem. Unlike you “fiscal conservatives”, I believe we should cut spending across the board and increase some taxes to pay down our debt. It will save us billions in the long run. Problem is, that does not buy votes.
I’ll echo Ron’s comments. Spot on!
@Ron; 3. Your ‘wager’ has no validity on a message board where your identity is unknown, and thus, no significant, actual wager can be verified.
2. It is a lie to say tax cuts were ‘token’ cuts or ‘crumbs’. Hyperbole will not go unnoticed and unreported.
1. POTUS signed the bill he asked Congress to produce and send to his desk. Misstatement of facts and outright lies will not go unchallenged.
@Capt Platitude: your echo chamber repetition of another persons’ lies and hyperbole gives them no greater value, and diminishes you further.
Fact: Presidents do not write nor pass legislation. They sign or veto legislation that is put on his desk.
Can you name one bill in our history that any president wrote that was passed by Congress as written?
Please take some time to read the Constitution and take a Civics 101 class.
Yogi,
I am echoing the fact I’d send my $20 biweekly back to help with our debt problem. It was a question you posed, Ron answered, and I echoed his answer. Thanks for trying out!
“I believe we should cut spending across the board and increase some taxes to pay down our debt. It will save us billions in the long run. Problem is, that does not buy votes.”
No it won’t, the issue here is when you have too much taxes to work.
For a family of 4 it is not small, it’s $2,000-$4,000 per family.
For my wife, I am getting her to work next year, and it’s due to the $4,000 difference. Now here we go to why the tax cuts need to happen, and contrary to what you said, will allow us to pay down debt over time as opposed to constantly insisting on tax increases to pay for bloated government:
You reach a point in which a family of 4 removes the wife from work. If this is even 3 million families, and it is likely more, it affects the labor participation rate. These families then need to collect from the government to offset that, which they will, from the ACA subsidies. I could get $5,000 there, or a $4,000 dollar refund which sends my wife back to work, and when she does, you get payroll on $30k of billings. That offsets the tax credit, but then she goes to work. Her work gets $100k of her billings. It’s taxed at now say 15% instead of 25% due to the cuts. The company gives a $1k bonus, which sounds small, but it’s not, the government still gets $15,000 of the revenues from the business instead, and they won’t have that $1k cost to have to provide services themselves instead of the economy. The more you have social services provided by the economy, the more you take away from the economy to be able to provide. Now, in order to get my $4,000 dollars, you’re also going to lose $19k, $15k in business revenues, and $4k in payroll and Medicare.
The reason we have not had this affect often, is because the child tax credit has not been extended enough, period, even since Bush W, and certainly not during Obama. It needs to be extended specifically beyond $80,000 to $200,000 to hit this portion of society. But your side won’t allow that, will they? They have to get theirs.
During Bill Clinton the EIC was expanded a lot, so were the child tax credits and THIS is why revenues went up. His top rate was 39.5%, do you really think his tax increase was what caused the 20% revenues? I don’t. Considering that it matched the revenues brought in when the top rate was 95%, and the income cut off was much lower accounting for inflation.
The taxes must be lowered, and the fact that you say you would rather pay down government debt, than allow for a family to take care of itself and keep it’s money, is just insane.
You’re basically a socialist, as much as you hate being called it, you are. It’s time to end this attitude, which I am sure was taught to you by fools in the Catholic Church (I’m a Catholic, do yo use how I’m able to question everything, even the things I follow? You apparently lack this ability.)
“Yogi,
I am echoing the fact I’d send my $20 biweekly back to help with our debt problem. It was a question you posed, Ron answered, and I echoed his answer. Thanks for trying out!”
But you would just as soon rob me of $4,000 and other working families that had to go to college to earn what they did. It’s more than that for architectural, programming, or other types of families, since they would be $80k each. You’re not helping anything by saying you want to get rid of their tax benefits and put in single payer. You’re harming that specific class of citizen. You’re not the social good. You’re basically the social evil.
“1. Congress wrote and passed the bill”
So then they aren’t a do nothing republican congress?
Also, the bill was based off of Trump’s tenets. This is very much so his bill, and he owns it like Obama gets to own his tax plan passed.
It’s very funny that you have several times said in similar scenarios the president should own something like this, and now you refuse to link it to Trump.
Whatever floats your boat, you’re so full of it.
Bob,
I did not say raise taxes on everyone. Have you ever read and accurately comprehended my tax reform proposal?
I never said the Republicans in Congress do nothing. I do think they waste a lot of taxpayer time and money.
When have I ever linked the writing of a bill to a president?
I thought this bill was based on well-established Republican tenets that have been the cornerstone of the party.
I am only opposing President Trump’s policies that I believe will cause harm to our country’s economy, respect around the world, and environment.
For the record, I never voted for nor have supported Governor Cuomo.
RE-POSTED TO CIRCUMVENT DOWN VOTE CENSORING BY libs suffering from TDS:
PolarBeaRepeal says:
Poorly-rated. Like or Dislike:
Thumb up 0
Thumb down 10
Hidden due to low comment rating. Click here to see.
Hooray for parsimony in financial reporting that may save big $$$ that can be passed on to consumers!
In a compromise, I’d agree to a very limited SEC reporting on the odd quarters; i.e. 3/31 and 9/30 accounting dates. There would be balance sheets and income statements in limited detail, so as to streamline the required reports on those odd quarter ends.
Libs who might down vote: please explain why you down voted on a post supporting a streamlined reporting schedule when AUDITS would NOT be impacted.
Reply
Attention Libitterals: you can either respond with 5 more down votes to censor the re-post above, or actually respond to it, to the best of your ability. I believe you’ll take the lazy route, to try again to censor conservative ideas.
Not a Lib, I voted for him but I’m looking at it from a stockholders perspective.
Exactly, KP, shareholders want this quarterly detail. I know I listen in on quarterly calls on certain stocks I purchase.
Quarterly reporting would be OPTIONAL, not MANDATORY. But, continue to oppose progress – that would lower costs to consumers – as a symptom of your TDS.
Name ONE SH who reads their entire prospectus, 10-Q, etc.. Just one.
For the love of all things holy, reading comprehension! I am talking about quarterly calls, not the prospectus. It’s called, being an informed investor.
How is a quarterly call possible without prep of qtrly reports? Hmm?
Any reputable company preps reports no less than daily to know their business. To put together a complete report for investors should take only a few hours to complete.
Yogi,
You aren’t being honest. You asked which investors read all the reports, not what the calls are based on. Further, that wasn’t even to my point, you were changing the subject as any good troll will try to do. I simply said I listen to the calls.
I ask again, and direct the question at you specifically; what percentage of stockholders actually read in entirety their investment portfolio 10-K reports and other related financial reporting materials from their investment manager?
And I say again,
AUGUST 20, 2018 AT 12:25 PM
Captain Planet says:
LIKE OR DISLIKE:
Thumb up 9Thumb down 1
Exactly, KP, shareholders want this quarterly detail. I know I listen in on quarterly calls on certain stocks I purchase.
Reply
Why not give companies a choice of quarterly or semi annual reporting like other counties we compete with!
This may also level the playing field with privately held US companies by design.
Encourage longer term focus, capital projects and minimize compliance expense.
This may also encourage less micro management, more field “face to face” analyst underwriting and limit stock volatility long term.
Seems to me that the stock market has done very well under our great President. We are about to go over 26,000 on the Dow Jones. Face it, he is good for business and business knows he is good for it.
Trump is good for nothing!!!
Your comments are good for a laugh when considering them with the achievements of PresidenTrump.
Yes, Polar, it is astounding how stupid the lefty’s are about Capitalism. There favorite system is Socialism which has never worked anywhere it has been tried.
Funny, Agent – you were singing the opposite tune about the stock market when it hit all time highs under President Obama. Way to stay consistent! Hypocrisy continues to be highlighted on you and many on the right.
Everyone who knows anything about economics said it recovered slowly, despite the inept actions by Obama.
Polar, nice to know we have a President who knows how the economy works and is restoring the country to fiscal health. Socialists have no clue how an economy works.
Hilarious, Agent. Tramp can’t even spell economy. He thinks it’s spelled econo-ME.
@Capt Platitude: can you spell ‘all-time, longest bull run’? Also, can you explain why that happened, rather than the market collapse predicted by the Libitteral media?
Sure I can spell it, President Barack Obama. Tramp can thank him for handing over a repaired economy, unlike the one President Obama inherited.
Agent,
Where was this praise for previous president when the DJIA recovered from its 2nd worse decline, before he took office, them hit record highs during his administration?
Ron, how about giving a shout out for the actions of your Governor?
Why? I never voted for him nor ever supported him.
@Ron; a shout out is owed for his ACCOMPLISHMENTS, and is not contingent upon your prior support by voting for him. Consider that when you next view another Hollyweird Award Show that rewards ‘participation’ rather than accomplishment.
The DJIA recovered in spite of Obama’s inept administration (e.g. restrictive and harmful regulations) and insufficient fiscal policies that tried to ruin the US economy by hyuuuge amounts of wealth transfer, from rich to poor, and from the USA to Iran – in laundered cash payments.
Streamlined, non-detailed, odd-quarter reporting is an option likely to be widely accepted if this semi-annual reporting proposal is rejected by those who fear businesses are cheating US tax revenue collectors.
Further; quarterly reporting wouldn’t be necessary if the US IRC weren’t so complex. If it were replaced with a Flat Tax system, there wouldn’t be a ‘need’ to report frequently, and the US Treasury could easily continue quarterly collection of tax payments. More important, some of MY time would be freed up.