Interesting or not

RaceBannon

I did my taxes yesterday and my income for 2020 was almost an exact match for 2019. It should have been higher but its not real until its real

I got my profit share for 2019 in March of 2020. I kept on salary until we put a lid on it in July. My wife made more on unemployment than she would have working. I got enhanced UI the rest of the year.

Add it all up and it was a wash with one MAJOR caveat.

No profit check from 2020 will be heading to me in 2021. And still not back on salary but UI lasts through June and they probably extend it again.

So 2021 is when the income hit is taken. Meaning no rampant consumer spending only a focus on the vitals like wine, weed, and cigars.

I bring this up because a lot of people are waiting for the shoe to drop that everyone thinks should drop when you shut down a large portion of the economy.

LIPO

AtomicPiss

RaceBannon said:

I did my taxes yesterday and my income for 2020 was almost an exact match for 2019. It should have been higher but its not real until its real

I got my profit share for 2019 in March of 2020. I kept on salary until we put a lid on it in July. My wife made more on unemployment than she would have working. I got enhanced UI the rest of the year.

Add it all up and it was a wash with one MAJOR caveat.

No profit check from 2020 will be heading to me in 2021. And still not back on salary but UI lasts through June and they probably extend it again.

So 2021 is when the income hit is taken. Meaning no rampant consumer spending only a focus on the vitals like wine, weed, cigars and Wam memberships at Hardcore Husky.

I bring this up because a lot of people are waiting for the shoe to drop that everyone thinks should drop when you shut down a large portion of the economy.

LIPO

dflea

Let's cut to the chase.

Do you have enough money for weed? Because if so, you're going to be ok.

YellowSnow

RaceBannon

I did learn something on my trip to the abyss about having money in the bank to last more than two weeks. No car payments. The company picks up the car insurance, maintenance, and my phone.

Be a simple man

greenblood

There's also that transition period. A lot of these businesses are going to hoard money for at least a year or two, until they are certain that COVID is behind us. It's going to drop, and it's going to drop hard. And it's going to largely effect the consumer sector

RaceBannon

greenblood said:

There's also that transition period. A lot of these businesses are going to hoard money for at least a year or two, until they are certain that COVID is behind us. It's going to drop, and it's going to drop hard. And it's going to largely effect the consumer sector

We decided last July that it was stupid to stay open and light money on fire. There is a lot of that I am sure.

There is a minimum threshold of business on the books that makes it worthwhile to open.

Not to mention the rules now in place to go anywhere and do anything. Very cumbersome

creepycoug

greenblood said:

There's also that transition period. A lot of these businesses are going to hoard money for at least a year or two, until they are certain that COVID is behind us. It's going to drop, and it's going to drop hard. And it's going to largely effect the consumer sector

This is an interesting point ... one that makes sense to me. I've said to co-workers about going back to the office, "go back to what? all the things that make working in downtown Seattle a pleasure ... picking a spot for lunch, grabbing a coffee at your favorite whatever, all that is closed. Some for good." And then I add that when COVID is behind us, who is going to want to pony up capital again to get into those vulnerable businesses? Even the ones that are technically still open will be skidish.

But then, I also think, what the fuck else you gonna do? If the food/beverage business is your business, it's what you do. If you have one, are you just going to leave it sit? Or are you going to fire back up like there's no tomorrow? I'm counting on the latter. I think when people are mobile again, sure, some shit is permanently changed. We've talked about that. But there will be money to be made and people have a hard time passing on that.

Still, the structured 2021 tax hit Race talked about ... that doesn't help.

dflea

RaceBannon said:

greenblood said:

There's also that transition period. A lot of these businesses are going to hoard money for at least a year or two, until they are certain that COVID is behind us. It's going to drop, and it's going to drop hard. And it's going to largely effect the consumer sector

We decided last July that it was stupid to stay open and light money on fire. There is a lot of that I am sure.

There is a minimum threshold of business on the books that makes it worthwhile to open.

Not to mention the rules now in place to go anywhere and do anything. Very cumbersome

This is why restaurants being allowed to open at 25% capacity is like keeping them closed. Every fixed cost you have is tough to cover with only 25% of your revenue.

I'm glad I'm not in the food service bidness.

PurpleThrobber

dflea said:

RaceBannon said:

greenblood said:

There's also that transition period. A lot of these businesses are going to hoard money for at least a year or two, until they are certain that COVID is behind us. It's going to drop, and it's going to drop hard. And it's going to largely effect the consumer sector

We decided last July that it was stupid to stay open and light money on fire. There is a lot of that I am sure.

There is a minimum threshold of business on the books that makes it worthwhile to open.

Not to mention the rules now in place to go anywhere and do anything. Very cumbersome

This is why restaurants being allowed to open at 25% capacity is like keeping them closed. Every fixed cost you have is tough to cover with only 25% of your revenue.

I'm glad I'm not in the food service bidness.

There's not a chance in hell a restaurant can break even at 25% capacity.

Maybe a weiner cart.

H'eh h'eh h'eh...weiner.

theknowledge

PurpleThrobber said:

dflea said:

RaceBannon said:

greenblood said:

There's also that transition period. A lot of these businesses are going to hoard money for at least a year or two, until they are certain that COVID is behind us. It's going to drop, and it's going to drop hard. And it's going to largely effect the consumer sector

We decided last July that it was stupid to stay open and light money on fire. There is a lot of that I am sure.

There is a minimum threshold of business on the books that makes it worthwhile to open.

Not to mention the rules now in place to go anywhere and do anything. Very cumbersome

This is why restaurants being allowed to open at 25% capacity is like keeping them closed. Every fixed cost you have is tough to cover with only 25% of your revenue.

I'm glad I'm not in the food service bidness.

There's not a chance in hell a restaurant can break even at 25% capacity.

Maybe a weiner cart.

H'eh h'eh h'eh...weiner.

The smaller restaurants or eateries I frequent tell me that they are hanging on with take out. The 25% is just a little extra to help get by. The wait staff is gone. I'm being helped at my seat or cash register by the owner or someone in their family. This just applies to the places still open. Many are gone now.

RaceBannon

theknowledge said:

PurpleThrobber said:

dflea said:

RaceBannon said:

greenblood said:

There's also that transition period. A lot of these businesses are going to hoard money for at least a year or two, until they are certain that COVID is behind us. It's going to drop, and it's going to drop hard. And it's going to largely effect the consumer sector

We decided last July that it was stupid to stay open and light money on fire. There is a lot of that I am sure.

There is a minimum threshold of business on the books that makes it worthwhile to open.

Not to mention the rules now in place to go anywhere and do anything. Very cumbersome

This is why restaurants being allowed to open at 25% capacity is like keeping them closed. Every fixed cost you have is tough to cover with only 25% of your revenue.

I'm glad I'm not in the food service bidness.

There's not a chance in hell a restaurant can break even at 25% capacity.

Maybe a weiner cart.

H'eh h'eh h'eh...weiner.

The smaller restaurants or eateries I frequent tell me that they are hanging on with take out. The 25% is just a little extra to help get by. The wait staff is gone. I'm being helped at my seat or cash register by the owner or someone in their family. This just applies to the places still open. Many are gone now.

My wife's nail salon did the same. Laid everyone off and family only work there

FireCohen

theknowledge said:

PurpleThrobber said:

dflea said:

RaceBannon said:

greenblood said:

There's also that transition period. A lot of these businesses are going to hoard money for at least a year or two, until they are certain that COVID is behind us. It's going to drop, and it's going to drop hard. And it's going to largely effect the consumer sector

We decided last July that it was stupid to stay open and light money on fire. There is a lot of that I am sure.

There is a minimum threshold of business on the books that makes it worthwhile to open.

Not to mention the rules now in place to go anywhere and do anything. Very cumbersome

This is why restaurants being allowed to open at 25% capacity is like keeping them closed. Every fixed cost you have is tough to cover with only 25% of your revenue.

I'm glad I'm not in the food service bidness.

There's not a chance in hell a restaurant can break even at 25% capacity.

Maybe a weiner cart.

H'eh h'eh h'eh...weiner.

The smaller restaurants or eateries I frequent tell me that they are hanging on with take out. The 25% is just a little extra to help get by. The wait staff is gone. I'm being helped at my seat or cash register by the owner or someone in their family. This just applies to the places still open. Many are gone now.

It is bad, lots of shops folded

RaceBannon

I've personally kept Shakeys afloat

theknowledge

RaceBannon said:

I've personally kept Shakeys afloat

I drive to Union Gap twice a month to buy crab legs at the last Sea Galley in the state. It will not die on my watch damnit!

PostGameOrangeSlices

dflea said:

RaceBannon said:

greenblood said:

There's also that transition period. A lot of these businesses are going to hoard money for at least a year or two, until they are certain that COVID is behind us. It's going to drop, and it's going to drop hard. And it's going to largely effect the consumer sector

We decided last July that it was stupid to stay open and light money on fire. There is a lot of that I am sure.

There is a minimum threshold of business on the books that makes it worthwhile to open.

Not to mention the rules now in place to go anywhere and do anything. Very cumbersome

This is why restaurants being allowed to open at 25% capacity is like keeping them closed. Every fixed cost you have is tough to cover with only 25% of your revenue.

I'm glad I'm not in the food service bidness.

None of the restaurants are adhering to this shit. The ones I've been in have been fullish

PurpleThrobber

RaceBannon said:

theknowledge said:

PurpleThrobber said:

dflea said:

RaceBannon said:

greenblood said:

There's also that transition period. A lot of these businesses are going to hoard money for at least a year or two, until they are certain that COVID is behind us. It's going to drop, and it's going to drop hard. And it's going to largely effect the consumer sector

We decided last July that it was stupid to stay open and light money on fire. There is a lot of that I am sure.

There is a minimum threshold of business on the books that makes it worthwhile to open.

Not to mention the rules now in place to go anywhere and do anything. Very cumbersome

This is why restaurants being allowed to open at 25% capacity is like keeping them closed. Every fixed cost you have is tough to cover with only 25% of your revenue.

I'm glad I'm not in the food service bidness.

There's not a chance in hell a restaurant can break even at 25% capacity.

Maybe a weiner cart.

H'eh h'eh h'eh...weiner.

The smaller restaurants or eateries I frequent tell me that they are hanging on with take out. The 25% is just a little extra to help get by. The wait staff is gone. I'm being helped at my seat or cash register by the owner or someone in their family. This just applies to the places still open. Many are gone now.

My wife's nail salon did the same. Laid everyone off and family only work there

theknowledge said:

RaceBannon said:

I've personally kept Shakeys afloat

I drive to Union Gap twice a month to buy crab legs at the last Sea Galley in the state. It will not die on my watch damnit!

Have spent many drunken nights there. Good eats and stiff drinks.

LoneStarDawg

Who would have known stay at home orders are good for 5G

And OBKs shitpoasting

PurpleThrobber

LoneStarDawg said:

Who would have known stay at home orders are good for 5G

And OBKs shitpoasting

It’s art

dflea

PostGameOrangeSlices said:

dflea said:

RaceBannon said:

greenblood said:

There's also that transition period. A lot of these businesses are going to hoard money for at least a year or two, until they are certain that COVID is behind us. It's going to drop, and it's going to drop hard. And it's going to largely effect the consumer sector

We decided last July that it was stupid to stay open and light money on fire. There is a lot of that I am sure.

There is a minimum threshold of business on the books that makes it worthwhile to open.

Not to mention the rules now in place to go anywhere and do anything. Very cumbersome

This is why restaurants being allowed to open at 25% capacity is like keeping them closed. Every fixed cost you have is tough to cover with only 25% of your revenue.

I'm glad I'm not in the food service bidness.

None of the restaurants are adhering to this shit. The ones I've been in have been fullish

A man's got to do what a man's got to do.

I wouldn't go on TV and tell everyone, though.

FireCohen

dflea said:

PostGameOrangeSlices said:

dflea said:

RaceBannon said:

greenblood said:

There's also that transition period. A lot of these businesses are going to hoard money for at least a year or two, until they are certain that COVID is behind us. It's going to drop, and it's going to drop hard. And it's going to largely effect the consumer sector

We decided last July that it was stupid to stay open and light money on fire. There is a lot of that I am sure.

There is a minimum threshold of business on the books that makes it worthwhile to open.

Not to mention the rules now in place to go anywhere and do anything. Very cumbersome

This is why restaurants being allowed to open at 25% capacity is like keeping them closed. Every fixed cost you have is tough to cover with only 25% of your revenue.

I'm glad I'm not in the food service bidness.

Noone of the restaurants are adhering to this shit. The ones I've been in have been fullish

A man's got to do what a man's got to do.

I wouldn't go on TV and tell everyone, though.

@PostGameOrangeSlices would