r/FluentInFinance 10d ago

Discussion/ Debate She's not Lying!

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41.7k Upvotes

r/FluentInFinance 12d ago

Discussion/ Debate Who will be a better President for our Economy? Donald Trump or Joe Biden?

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26.3k Upvotes

r/FluentInFinance 3d ago

Discussion/ Debate Should corporations like Blackrock be banned from buying homes?

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35.4k Upvotes

r/FluentInFinance 13d ago

Discussion/ Debate Bernie Sanders calls for income over $1 billion to be taxed 100% — Do you agree or disagree?

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26.0k Upvotes

r/FluentInFinance 2d ago

Discussion/ Debate Biden says Billionaires must pay more taxes. Would you?

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18.7k Upvotes

r/FluentInFinance Apr 24 '24

Discussion/ Debate President Biden has just proposed a 44.6% tax on capital gains, the highest in history. He has also proposed a 25% tax on unrealized capital gains for wealthy individuals. Should this be approved?

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32.9k Upvotes

r/FluentInFinance 16d ago

Discussion/ Debate Should people making over $100,000 a year pay more taxes to support those who don't?

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19.1k Upvotes

r/FluentInFinance 7d ago

Discussion/ Debate Should there be Universal Healthcare?

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18.8k Upvotes

r/FluentInFinance 19d ago

Discussion/ Debate The rich get richer while the rest of us starve. Why can’t we have an economy that works for everyone?

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24.1k Upvotes

r/FluentInFinance 18d ago

Discussion/ Debate She’s not wrong

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24.9k Upvotes

r/FluentInFinance 13d ago

Discussion/ Debate President Biden is giving home buyers $400 every month to afford homes. Will this cause a housing bubble?

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10.8k Upvotes

r/FluentInFinance Apr 13 '24

Discussion/ Debate So many zoomers are anti capitalist for this reason...

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27.8k Upvotes

r/FluentInFinance 12d ago

Discussion/ Debate What else destroyed the American dream of owning a home??

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14.3k Upvotes

r/FluentInFinance 29d ago

Discussion/ Debate This is Possible

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14.3k Upvotes

Register to vote: https://vote.gov

Contact your reps:

Senate: https://www.senate.gov/senators/senators-contact.htm?Class=1

House of Representatives: https://contactrepresentatives.org/

r/FluentInFinance Apr 15 '24

Discussion/ Debate Everyone Deserves A Home

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15.6k Upvotes

r/FluentInFinance 14d ago

Discussion/ Debate I inherited $7 Million dollars and don’t know whether to retire?

9.7k Upvotes

Hi

I'm in my 30s and make $150,000 a year.

I genuinely do enjoy what I do, but I do feel like I hit a dead end in my current company because there is very little room for raise or promotion (which I guess technically matters lot less now)

A wealthy uncle passed away recently leaving me a fully paid off $3 million dollar house (unfortunately in an area I don’t want to live in so looking to sell soon as possible), $1 million in cash equivalents, and $3 million in stocks.

On top of that, I have about $600,000 in my own assets not including $400,000 in my retirement accounts.

I'm pretty frugal.

My current expenses are only about $3,000 a month and most of that is rent.

I know the general rule is if you can survive off of 4% withdrawal you’ll be ok, which in this case, between the inheritance and my own asset is $260,000, way below my current $36,000 in annual expenses.

A few things holding me back:

  • I’m questioning whether $7 million is enough when I’m retiring so young. You just never know what could happen
  • Another thing is it doesn’t feel quite right to use the inheritance to retire, as if I haven’t earned it.
  • Also retiring right after a family member passes away feels just really icky to me, as if I been waiting for him to die just so I can quit my job.

An option I’m considering is to not retire but instead pursue something I genuinely enjoy that may only earn me half of what I’m making now?

What should I do?

Also advice on how to best deploy the inheritance would also be welcome. Thanks!

r/FluentInFinance 5d ago

Discussion/ Debate “Trickle down” Reaganomics created a plutocracy

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15.5k Upvotes

r/FluentInFinance Apr 06 '24

Discussion/ Debate Mortgages are now 8% - Is your mortgage under or over 3%?

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17.9k Upvotes

r/FluentInFinance Apr 11 '24

Discussion/ Debate Smart or dumb to get a tax refund?

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24.5k Upvotes

r/FluentInFinance Apr 02 '24

Discussion/ Debate Is it normal to take home $65,000 on a $110,000 salary?

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12.2k Upvotes

r/FluentInFinance Apr 04 '24

Discussion/ Debate Our schools failed us

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14.3k Upvotes

r/FluentInFinance 6d ago

Discussion/ Debate Student Loan Debt Should Be Forgiven if PPP loans were forgiven!

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11.0k Upvotes

r/FluentInFinance 4d ago

Discussion/ Debate Should Student Loan Debt be Forgiven? Smart or Dumb?

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8.4k Upvotes

r/FluentInFinance Mar 21 '24

Discussion/ Debate Call Me a Tax Snitch But It Felt Good

26.4k Upvotes

Scrolling through Zillow, I noticed a home that was sold in May 2023 and listed for sale in July 2023. Well, I looked up the property owner history and it’s an LLC that bought it and flipped it in May and guess what else I found out?

The property is listed as Principal Residence Exemption (It might be called something else in your state) at 100%. In the Zillow listing, the home is clearly NOT occupied by the owner. So I contacted my Assessors/Treasury office and let them know that I take property taxes very seriously.

Especially since I have kids in the school district and that they should check it out.

I provided them all my screenshots too to help them out.

It felt good snitching on this flipper, especially since they are lying and stealing from my community.

I’m honestly surprised counties and cities don’t go through sales data and find these types of anomalies and then hit them with the bill plus interest and penalties.

You could probably hire a new person just to do that, check if they have a drivers license to that address, check Airbnb listings, everything.

I would prefer everyone pay less taxes, but everyone should pay what is owed.

I started reporting LLCs that had arrangements with apartment complexes for corporate housing, but because of remote work, they were double dipping by posting listings on Airbnbs without the approval of the complex or their parent companies.

Town and county government are being notified, followed by local news, with HUD and the IRS soon to follow.

I hate flippers. They lie and break so many laws with no accountability.

r/FluentInFinance 17d ago

Discussion/ Debate sUpPlY aNd DeMaNd Bro.. iT’s SimPLe.. dOn’T bUy tHaT ThInG yOu NeEd!!!¡!

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12.6k Upvotes

90% of people commenting on here say to simply stop buying xyz are missing the big picture. A few companies control the market in most sectors and they do not lose out when they raise their prices on essential items for people.

Am I saying you need to buy name brand cereal and top sirloin steak? No. But simply saying don’t buy that thing really isn’t fixing the problem when that thing is everything. Prices are going up on just about everything significantly faster than inflation. We see (price gouging) in every single American category of the market rn. End stage capitalism?