The Inevitable New The Inevitable Trump Mocking Thread

The best thing about Iz-con-omics, which makes it similar to Trump-con-nomics is words can mean anything you want them to, which is what puts the "con" in Iz-con-nomics. So Trump's White House "domicile" can be a Deutsche Bank asset! Fabulous. Now, is Trump someone's asset, that's the fun question!
Maybe he’s like messy’s equity. Kek!
 
I'm sure it is, since you make words mean whatever you want them to mean...

Maybe Messy's equity is a Paulie Walnuts 7 months in jail, or Ivanka's silicone bags. Who knows? Iz-symantics goes with Iz-con-omics.
Fries U, what a deal. Where the word equity confuses. Kek! Nice shotgun you have there.
 
No need to teach it. It comes out of your account every month. Kek!

Real estate loan payments? They come out of a few accounts each month.

Yet, neither my primary "domicile," my second "domicile" nor my rental "domiciles" are listed by any bank as assets. How can that be?
 
It is impossible to pass opioids between steel slats. It is physically impossible to push a substance that can be injected into your veins with a hypodermic needle through the space between steel wall slats. Period.

I just want you all to know that.

Also, a bank has your "domicile" listed on their balance sheet under assets... Period.
 
Because some of us have children in, or soon to be in, college, and may actually be serious about money, public service announcement:

If you "own" "real estate" outside your "primary domicile" and it is not "owned" by a "registered business" or reported on your Sched E, do NOT take what you learned in your Iz-CON-omics course when you are filling out your Fafsa and say "this Tahoe ski cabin is not MY asset, it is the bank's asset..." or you will be doing it wrong (and technically committing fraud, although making shit up on federal forms seems to be fine in the current administration.) List it as an asset.

End of public service announcement.

Now, back to Bruddah Iz and his Rich Iz, Poor Iz, No health Care Iz TED talk...
 
Because some of us have children in, or soon to be in, college, and may actually be serious about money, public service announcement:

If you "own" "real estate" outside your "primary domicile" and it is not "owned" by a "registered business" or reported on your Sched E, do NOT take what you learned in your Iz-CON-omics course when you are filling out your Fafsa and say "this Tahoe ski cabin is not MY asset, it is the bank's asset..." or you will be doing it wrong (and technically committing fraud, although making shit up on federal forms seems to be fine in the current administration.) List it as an asset.

End of public service announcement.

Now, back to Bruddah Iz and his Rich Iz, Poor Iz, No health Care Iz TED talk...
Agree. If it’s an asset you’ll know it. It’s called net income.
 
It is impossible to pass opioids between steel slats. It is physically impossible to push a substance that can be injected into your veins with a hypodermic needle through the space between steel wall slats. Period.

I just want you all to know that.

Also, a bank has your "domicile" listed on their balance sheet under assets... Period.
You’re really pushing Fries U. Your uncle said you would.
 
Agree. If it’s an asset you’ll know it. It’s called net income.

Just because you read it in an airport be-a-rich-daddy book does not make it the correct use of language.

Your 1st, 2nd, 3rd or 100th "domicile" - if you bought it as opposed to renting it from someone else - is YOUR asset, regardless of "net income." You could have net income of 0 or -450,000 a month, and if a form asks you to list your assets, you will list your "domicile" if you care about filling out the form correctly.

Net income has nothing to do with assets. Fixed assets, in general, produce no net income until they are sold - at which point - ironically, they are no longer your asset but now have produced net income... Oh. My. God!

So don't be like Bruddah. Don't pretend to be an economicalish jeanius by using actually financial and accounting words the way some guy who is becoming a rich-dad on your nickel uses them. Use them the correct way. That way you won't have to revise your federal forms 100 times like Crooked Jared.

I helped a business partner fill out her FAFSA today. Tip: From what we read, your principal "domicile" does not need to be listed as an asset to be considered in your Fafsa, but any other "domiciles" you own, including vacation house and perhaps rentals, depending on how you hold them, have to be listed. If you hold rental property in an LLC or CA corp, and report it on a schedule E you can probably call it a "business" but if you only air BnB it a few times, use it yourself, pay upkeep out of commingled personal funds, you probably should list it as a personal asset.

Another friendly PSA from your friend Friesland
 
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