WEBVTT - He Couldn't Cringe More

0:00:01.840 --> 0:00:06.120
<v Speaker 1>Broadcasting live from the Abraham Lincoln Radio Studio the George

0:00:06.200 --> 0:00:07.880
<v Speaker 1>Washington Broadcast.

0:00:07.320 --> 0:00:11.680
<v Speaker 2>Center, jack Armstrong and Joe, Katty Armstrong and Jackie and

0:00:12.400 --> 0:00:17.599
<v Speaker 2>he Armstrong and Getty.

0:00:23.840 --> 0:00:28.120
<v Speaker 3>The Ladies Only Blue Origin rocket launch, Katy Perry, Gail King,

0:00:28.280 --> 0:00:32.560
<v Speaker 3>and Jeff Bezos's fiance Lawrence Sanchez became the first group

0:00:32.600 --> 0:00:36.599
<v Speaker 3>of women ever to visit outer space. So then they

0:00:36.600 --> 0:00:40.280
<v Speaker 3>came out of the capsule and Katy Perry, this must

0:00:40.280 --> 0:00:41.720
<v Speaker 3>have been some ten minutes.

0:00:42.120 --> 0:00:44.839
<v Speaker 2>You never know how much love is inside of you

0:00:45.320 --> 0:00:46.760
<v Speaker 2>until the day you launched.

0:00:48.240 --> 0:00:51.199
<v Speaker 3>Is it possible that Katie popped the mushroom ushers up there?

0:00:52.760 --> 0:00:55.320
<v Speaker 2>That is just so stupid. I was just thinking.

0:00:55.480 --> 0:01:01.760
<v Speaker 1>So this ended space explari exploration in the United States.

0:01:01.760 --> 0:01:03.760
<v Speaker 1>We were the leaders in space exploration, were the only

0:01:03.800 --> 0:01:05.880
<v Speaker 1>country they ever got to the Moon. And it ended

0:01:06.240 --> 0:01:09.679
<v Speaker 1>because of these stupid stunts, because NASA got so caught

0:01:09.760 --> 0:01:12.640
<v Speaker 1>up in the first woman, the first black person, the

0:01:12.640 --> 0:01:14.200
<v Speaker 1>first transperson of whatever.

0:01:14.000 --> 0:01:15.639
<v Speaker 2>And nobody cares about that crap.

0:01:15.920 --> 0:01:18.680
<v Speaker 1>They think people care about that crap, But nobody cares

0:01:18.680 --> 0:01:22.120
<v Speaker 1>about that crap. That doesn't inspire people. The actual, you know,

0:01:22.200 --> 0:01:25.320
<v Speaker 1>accomplishing something is what inspired. So that killed the space program.

0:01:26.000 --> 0:01:29.640
<v Speaker 1>Elon comes along and is all about actually doing things,

0:01:30.040 --> 0:01:31.600
<v Speaker 1>and people get jazzed up again.

0:01:31.760 --> 0:01:35.520
<v Speaker 2>You got Bezos, the other guy he's following in NASA's footsteps.

0:01:35.720 --> 0:01:38.960
<v Speaker 2>Has Elon ever done a stunt launch of any kind?

0:01:39.040 --> 0:01:40.920
<v Speaker 1>I don't think he has. I don't remember he gives

0:01:41.000 --> 0:01:43.800
<v Speaker 1>his rocket it's funny names. But other than that, no, Yeah,

0:01:43.800 --> 0:01:46.360
<v Speaker 1>but I don't remember any of his launches being it

0:01:46.400 --> 0:01:49.360
<v Speaker 1>looks like there's no purpose for this other than the

0:01:49.400 --> 0:01:53.120
<v Speaker 1>first celebrity all female podcast or whatever thing.

0:01:54.080 --> 0:01:54.480
<v Speaker 2>Get off.

0:01:55.000 --> 0:01:56.760
<v Speaker 1>A lot of people are taking this seriously. Give us

0:01:56.760 --> 0:01:58.840
<v Speaker 1>clip number twenty, Michael, Come on, This is David Muir

0:01:58.920 --> 0:02:00.920
<v Speaker 1>on ABC News. Many people watch this show.

0:02:01.000 --> 0:02:04.280
<v Speaker 4>Jack the star studded all female Blue Origin flight grew,

0:02:04.320 --> 0:02:07.840
<v Speaker 4>including Katie Perry and Gail King, lasting off headed to

0:02:07.880 --> 0:02:08.840
<v Speaker 4>the edge of space.

0:02:08.960 --> 0:02:11.760
<v Speaker 2>Oh for crying it, lift off. It's amazing to me.

0:02:11.880 --> 0:02:13.920
<v Speaker 2>Ohprah cried it, Lift off, you bully.

0:02:14.400 --> 0:02:16.600
<v Speaker 1>It's amazing to me that mainstream media all these years

0:02:16.600 --> 0:02:20.320
<v Speaker 1>has acted like these stunt space things matter to people.

0:02:20.320 --> 0:02:23.200
<v Speaker 1>People don't care. They yawn at them. Big deal that

0:02:23.240 --> 0:02:29.080
<v Speaker 1>nobody's interested in. That drives me nuts. That clip that

0:02:29.160 --> 0:02:31.760
<v Speaker 1>Jimmy Kimmel had there. From Katie Perry.

0:02:31.680 --> 0:02:33.920
<v Speaker 2>You never know how much love there is on earth

0:02:34.000 --> 0:02:36.680
<v Speaker 2>until you lift off. What the hell are you talking about?

0:02:36.880 --> 0:02:39.320
<v Speaker 1>You gotta play this clip twenty two Michael, listen to

0:02:39.360 --> 0:02:43.400
<v Speaker 1>this hogwash? Would you you are officially an astronaut?

0:02:43.480 --> 0:02:45.720
<v Speaker 2>How do you feel? I still can't accept that word.

0:02:46.040 --> 0:02:48.760
<v Speaker 2>I just feel a renewed connection to everything in life

0:02:48.760 --> 0:02:51.480
<v Speaker 2>and where we are, and I can't wait to go

0:02:51.560 --> 0:02:52.120
<v Speaker 2>back out there.

0:02:52.200 --> 0:02:57.200
<v Speaker 3>It is the highest high, and it is surrender to

0:02:57.280 --> 0:02:57.919
<v Speaker 3>the unknown.

0:02:58.880 --> 0:02:59.320
<v Speaker 2>Trust.

0:03:00.280 --> 0:03:04.560
<v Speaker 1>Yes, I want somebody to come back and speak the truth.

0:03:04.600 --> 0:03:07.400
<v Speaker 1>Sometime we went pretty high. We actually weren't in space.

0:03:07.520 --> 0:03:09.520
<v Speaker 1>It was a lot like an amusement park ride.

0:03:09.520 --> 0:03:10.360
<v Speaker 2>It was pretty cool.

0:03:10.880 --> 0:03:12.920
<v Speaker 1>But no, I feel exactly the same as when I

0:03:12.919 --> 0:03:15.840
<v Speaker 1>took off. I have no epiphanies or new view of

0:03:15.919 --> 0:03:19.400
<v Speaker 1>humanity or anything like that, because that view is astounding.

0:03:19.480 --> 0:03:21.519
<v Speaker 1>I mean, it's crazy. I knew the Earth was round,

0:03:21.600 --> 0:03:23.240
<v Speaker 1>but you can see it from up there. The views

0:03:23.240 --> 0:03:27.200
<v Speaker 1>are just gorgeous. No, you have to surrender to the unknown.

0:03:27.200 --> 0:03:33.240
<v Speaker 1>It's the highest high. It's trust. Okay. I love this

0:03:33.360 --> 0:03:37.920
<v Speaker 1>from Curtis Rotis and email. Uh, look, Kitty Perry is

0:03:37.960 --> 0:03:40.400
<v Speaker 1>no more astronaut than Ham the chimp we launched and

0:03:40.400 --> 0:03:43.080
<v Speaker 1>brought back live in nineteen sixty one. Just like riding

0:03:43.080 --> 0:03:45.840
<v Speaker 1>in seat thirteen A on a Southwest flight to Albuquerque

0:03:45.880 --> 0:03:47.840
<v Speaker 1>doesn't make an airline pilot.

0:03:48.000 --> 0:03:52.640
<v Speaker 2>She was just a passenger. That's good. Yeah, when I'm

0:03:52.680 --> 0:03:54.840
<v Speaker 2>on a Southwest flight, I am not a pilot now.

0:03:55.640 --> 0:03:58.040
<v Speaker 1>And then, as you heard yesterday, it only seems right

0:03:58.080 --> 0:04:00.480
<v Speaker 1>that as they reached the peak of their space journey

0:04:00.720 --> 0:04:03.640
<v Speaker 1>and Earth was a beautiful marble in the distance, she

0:04:03.800 --> 0:04:07.160
<v Speaker 1>sang Katy Perry saying, what a wonderful world. Just like

0:04:07.280 --> 0:04:09.520
<v Speaker 1>ms King that brought me to tears. I guess I

0:04:09.600 --> 0:04:11.520
<v Speaker 1>kissed a girl and I liked it didn't quite fit

0:04:11.560 --> 0:04:14.640
<v Speaker 1>the moment. What a freaking clown show, writes Michael.

0:04:15.320 --> 0:04:18.160
<v Speaker 2>Hi, I'm Katy Perry. Let's go to space.

0:04:18.600 --> 0:04:22.240
<v Speaker 1>When Elon had that rocket come back down and he

0:04:22.320 --> 0:04:25.720
<v Speaker 1>caught it with the big giant hands, you know, I mean,

0:04:25.960 --> 0:04:30.520
<v Speaker 1>that's freaking amazing and inspiring and wow. Sending Katy Perry

0:04:30.520 --> 0:04:33.400
<v Speaker 1>and Gail King up isn't a nothing. And why does

0:04:33.480 --> 0:04:35.160
<v Speaker 1>the media go along with it and act like it's

0:04:35.160 --> 0:04:35.760
<v Speaker 1>a big deal.

0:04:36.160 --> 0:04:39.200
<v Speaker 2>Embarrassing culture.

0:04:41.200 --> 0:04:43.479
<v Speaker 1>Michael writes, I'm no longer pushing my two daughters to

0:04:43.480 --> 0:04:45.640
<v Speaker 1>worry about the hard sciences. I told them just to

0:04:45.680 --> 0:04:47.680
<v Speaker 1>have a best friend who's the queen of media. Write

0:04:47.680 --> 0:04:50.239
<v Speaker 1>horrible pop songs are steal a millionaire from his wife,

0:04:50.279 --> 0:04:52.840
<v Speaker 1>and they too can get to the edge of space.

0:04:55.040 --> 0:04:59.960
<v Speaker 1>That's beautifully said. That's pretty snarky, beautifully said. Go ahead

0:05:00.080 --> 0:05:01.600
<v Speaker 1>play twenty three Michael.

0:05:02.839 --> 0:05:07.000
<v Speaker 2>Complete and utter joy and gratefulness. You can hear no

0:05:07.120 --> 0:05:08.240
<v Speaker 2>dream is too wild.

0:05:08.440 --> 0:05:11.359
<v Speaker 4>The moon was so beautiful, and that was like, I

0:05:11.400 --> 0:05:13.400
<v Speaker 4>felt like that was a special gift just for me.

0:05:13.839 --> 0:05:16.000
<v Speaker 1>You can't go through what we went through to look

0:05:16.040 --> 0:05:18.640
<v Speaker 1>out for each other, to help each other and.

0:05:18.560 --> 0:05:21.120
<v Speaker 2>Not be changed by that. Oh, I will never be

0:05:21.160 --> 0:05:26.000
<v Speaker 2>the same. This experience is right, is second to being a.

0:05:25.960 --> 0:05:29.600
<v Speaker 1>Mom, other than the reference to being a mom. They

0:05:29.640 --> 0:05:32.640
<v Speaker 1>sound like high school girls. You can't go what we

0:05:32.680 --> 0:05:36.080
<v Speaker 1>went through together, helping each other, being there for each

0:05:36.120 --> 0:05:37.680
<v Speaker 1>other and not be changed by that.

0:05:39.040 --> 0:05:39.840
<v Speaker 2>You two were.

0:05:39.800 --> 0:05:42.000
<v Speaker 1>Strapped into a seat, then you floated around for like

0:05:42.040 --> 0:05:44.520
<v Speaker 1>a minute, then you're get back in your seat. You're

0:05:44.520 --> 0:05:46.960
<v Speaker 1>too old to say that sort of stupid crap. If

0:05:46.960 --> 0:05:51.200
<v Speaker 1>you're a you know, a pop singer who's young. Okay,

0:05:51.640 --> 0:05:59.040
<v Speaker 1>Hen stoned. Oh geez, I'm embarrassed for y'all. Yeah, I'm

0:05:59.080 --> 0:05:59.880
<v Speaker 1>embarrassed for my kun.

0:06:00.520 --> 0:06:02.760
<v Speaker 2>You can't all the love in the world you can

0:06:02.800 --> 0:06:04.880
<v Speaker 2>feel at once when you play Oh.

0:06:04.640 --> 0:06:10.120
<v Speaker 1>Shut up, it's the highest high. It's surrendered to the unknown. Okay,

0:06:10.360 --> 0:06:10.839
<v Speaker 1>all right?

0:06:11.240 --> 0:06:14.000
<v Speaker 2>Can I get back to work now? Speaking of which,

0:06:14.920 --> 0:06:15.760
<v Speaker 2>Trump v.

0:06:16.040 --> 0:06:21.800
<v Speaker 1>Harvard the latest battle the US is freezed, billions of

0:06:21.880 --> 0:06:24.600
<v Speaker 1>dollars frozen, freezed, frozen.

0:06:24.800 --> 0:06:27.960
<v Speaker 2>Why isn't it freezed? What a crazy language English is?

0:06:28.040 --> 0:06:32.279
<v Speaker 1>Anyway, We the United States, froze billions of dollars in

0:06:32.360 --> 0:06:35.119
<v Speaker 1>funding after Harvard says no, we are going to fight

0:06:35.200 --> 0:06:38.960
<v Speaker 1>Trump's demands, and it's being portrayed on the left as

0:06:39.000 --> 0:06:42.440
<v Speaker 1>a battle in favor of academic freedom, even though in

0:06:42.480 --> 0:06:45.719
<v Speaker 1>our universities there is no academic freedom unless you're progressive.

0:06:46.880 --> 0:06:50.400
<v Speaker 1>We will outline the battle as it stands right now

0:06:50.480 --> 0:06:52.400
<v Speaker 1>for you in the next second. I think there were

0:06:52.960 --> 0:06:56.680
<v Speaker 1>five news articles or opinion pieces in the New York

0:06:56.760 --> 0:06:58.640
<v Speaker 1>Times today about what a horror this is that the

0:06:58.680 --> 0:07:03.120
<v Speaker 1>Trump administration is out too to kill higher education. Stop research,

0:07:03.600 --> 0:07:08.080
<v Speaker 1>is anti science's anti the free exchange of ideas. How

0:07:08.160 --> 0:07:12.800
<v Speaker 1>dare they I uphold our faculty, and ninety eight percent

0:07:12.880 --> 0:07:16.080
<v Speaker 1>of them, who're all progressives, agreed. We have the free

0:07:16.120 --> 0:07:20.480
<v Speaker 1>exchange of ideas. I've got a great example to fit

0:07:20.520 --> 0:07:22.720
<v Speaker 1>in with that that it just occurred to me yesterday too.

0:07:22.880 --> 0:07:23.480
<v Speaker 2>Stay tuned.

0:07:26.920 --> 0:07:29.120
<v Speaker 1>What do you get for a forty thousand dollars a

0:07:29.200 --> 0:07:35.440
<v Speaker 1>year gym membership? Not new thing is these very expensive

0:07:35.480 --> 0:07:38.440
<v Speaker 1>gym memberships that you get a lot for Now, none

0:07:38.480 --> 0:07:40.040
<v Speaker 1>of us are going to do a forty thousand dollars

0:07:40.080 --> 0:07:44.360
<v Speaker 1>gym membership, but there are other more affordable examples and

0:07:44.440 --> 0:07:45.520
<v Speaker 1>everything that comes with it.

0:07:45.520 --> 0:07:48.240
<v Speaker 2>It might be the new thing. So stay tuned for.

0:07:48.200 --> 0:07:51.840
<v Speaker 1>That interesting plus our favorite tax expert next segment to

0:07:51.880 --> 0:07:54.560
<v Speaker 1>talk to us about what's new, what common mistakes happen.

0:07:54.640 --> 0:07:56.880
<v Speaker 2>That sort of thing gets you learned up on your taxes.

0:07:58.400 --> 0:08:02.000
<v Speaker 1>So Abraham Lincoln warn us that the United States will

0:08:02.000 --> 0:08:04.440
<v Speaker 1>never be destroyed by an outside force, or at least

0:08:04.440 --> 0:08:06.280
<v Speaker 1>not in the foreseeable future. And I agree with them

0:08:06.320 --> 0:08:10.200
<v Speaker 1>there if we crumble, it will be of our own doing.

0:08:10.360 --> 0:08:15.720
<v Speaker 1>And around here we believe quite sincerely that while various

0:08:15.800 --> 0:08:22.520
<v Speaker 1>wars and negotiations are incredibly important, people are dying, it's

0:08:22.560 --> 0:08:25.840
<v Speaker 1>not going to end the United States the trade war thing,

0:08:25.880 --> 0:08:26.560
<v Speaker 1>the tariff thing.

0:08:26.640 --> 0:08:28.520
<v Speaker 2>It might screw up the economy, It might.

0:08:28.440 --> 0:08:30.680
<v Speaker 1>Be brilliant, might be a disaster, But either way, we

0:08:30.760 --> 0:08:33.360
<v Speaker 1>will muddle on, straighten things out, and go forward in

0:08:33.440 --> 0:08:38.400
<v Speaker 1>the future. I believe the rot in our institutions of

0:08:38.480 --> 0:08:43.360
<v Speaker 1>learning K through PhD, where it's become a progressive factory

0:08:43.640 --> 0:08:47.480
<v Speaker 1>to indoctrinate young people into hating their country and Western civilization.

0:08:47.960 --> 0:08:49.839
<v Speaker 2>I think that could undo us.

0:08:50.320 --> 0:08:53.520
<v Speaker 1>If we have generation after a generation of Americans who

0:08:54.120 --> 0:08:56.080
<v Speaker 1>do not buy into the principles of this country and

0:08:56.120 --> 0:08:58.840
<v Speaker 1>do not love it, we will fall apart as a country. Anyway,

0:08:59.480 --> 0:09:04.120
<v Speaker 1>It's just a setting the scene headline. US phreezes billions

0:09:04.160 --> 0:09:07.000
<v Speaker 1>in funding after Harvard says it will fight Trump's demands.

0:09:07.080 --> 0:09:10.480
<v Speaker 1>You remember how Trump threatened Columbia and pen and a

0:09:10.480 --> 0:09:12.839
<v Speaker 1>couple of other places and said, look, you got to

0:09:12.840 --> 0:09:16.400
<v Speaker 1>follow federal law on hiring. You can't have these loyalty oaths,

0:09:16.480 --> 0:09:20.240
<v Speaker 1>these dei statements, et cetera, or we're not going to

0:09:20.280 --> 0:09:23.240
<v Speaker 1>fund your research anymore. And a lot of them came

0:09:23.240 --> 0:09:25.280
<v Speaker 1>around and said, yeah, yeah, we see your point. Okay,

0:09:25.360 --> 0:09:27.760
<v Speaker 1>we'll switch this around. We won't do this anymore, and

0:09:27.760 --> 0:09:30.080
<v Speaker 1>we won't admit people based on race, because that's the law.

0:09:30.600 --> 0:09:34.040
<v Speaker 1>Harvard has said, yeah, look at my well funded middle

0:09:34.040 --> 0:09:39.920
<v Speaker 1>finger and said absolutely no to the Trump Administration's interesting

0:09:39.960 --> 0:09:43.440
<v Speaker 1>that Columbia caved so quickly and Harvard is gonna fight it.

0:09:44.040 --> 0:09:44.240
<v Speaker 4>Well.

0:09:44.320 --> 0:09:46.720
<v Speaker 1>Part of what happened was, and I should have included this,

0:09:46.920 --> 0:09:49.920
<v Speaker 1>is that the Trump administration was horrified by the overt

0:09:50.040 --> 0:09:55.200
<v Speaker 1>anti semitism of the Up with Hamas crowd and how

0:09:55.280 --> 0:09:58.440
<v Speaker 1>they have been violating federal law over and over again

0:09:58.480 --> 0:10:02.360
<v Speaker 1>with impunity at these universities because Up with the Palestinians,

0:10:02.400 --> 0:10:05.400
<v Speaker 1>Up with Hamas is seen as a progressive cause and

0:10:05.480 --> 0:10:08.400
<v Speaker 1>so actually I think as a door to get into

0:10:08.440 --> 0:10:10.880
<v Speaker 1>the universities to force them to do what they ought

0:10:10.880 --> 0:10:11.240
<v Speaker 1>to be doing.

0:10:11.280 --> 0:10:11.319
<v Speaker 4>It.

0:10:11.520 --> 0:10:16.000
<v Speaker 1>It's kind of handy, but so Harvard said money it

0:10:16.040 --> 0:10:18.959
<v Speaker 1>would resist the Trump's administrations demands to change its governance

0:10:18.960 --> 0:10:22.160
<v Speaker 1>structure over campus anti semitism concerns. Seeing the governments it's

0:10:22.200 --> 0:10:25.600
<v Speaker 1>overstepping its authority. Hours later, the government announced a two

0:10:25.679 --> 0:10:30.080
<v Speaker 1>point twenty six billion dollar freeze of Harvard's multi year

0:10:30.120 --> 0:10:36.480
<v Speaker 1>grants and contracts, said Harvard President Alan Garber, one of

0:10:36.600 --> 0:10:39.360
<v Speaker 1>two out of ten ivy leaved schools, that's led by

0:10:39.360 --> 0:10:42.839
<v Speaker 1>a dude, because it's much more progressive to be led

0:10:42.880 --> 0:10:45.120
<v Speaker 1>by a woman, a gay woman, if you can a

0:10:45.160 --> 0:10:48.480
<v Speaker 1>gay black woman, if you can a black woman named gay.

0:10:48.720 --> 0:10:51.280
<v Speaker 2>In the case of Harvard until.

0:10:51.040 --> 0:10:55.360
<v Speaker 1>Fairly recently, back to the text anyway, Harvard President Alan

0:10:55.400 --> 0:10:58.480
<v Speaker 1>Garber said, quote, the university will not surrender its independence

0:10:58.679 --> 0:11:00.760
<v Speaker 1>or relinquish its constitutione utional rights.

0:11:01.800 --> 0:11:04.160
<v Speaker 2>Trump administration said the school's response.

0:11:03.880 --> 0:11:07.640
<v Speaker 1>Quote reinforces the troubling entitlement mindset that is endemic in

0:11:07.679 --> 0:11:11.480
<v Speaker 1>our nation's most prestigious universities and colleges. That federal investment

0:11:11.559 --> 0:11:14.920
<v Speaker 1>does not come with the responsibility to uphold civil rights laws.

0:11:16.559 --> 0:11:20.199
<v Speaker 1>It's so interesting, isn't it that? And that is absolutely

0:11:20.240 --> 0:11:23.440
<v Speaker 1>undeniably true. We're talking about civil rights laws. You cannot

0:11:23.880 --> 0:11:27.199
<v Speaker 1>beat a black man to prevent him from attending class.

0:11:27.720 --> 0:11:31.440
<v Speaker 1>You cannot threaten a Jewish girl to terrify her out

0:11:31.440 --> 0:11:35.720
<v Speaker 1>of the library. That is a civil rights enforcement issue,

0:11:36.320 --> 0:11:40.840
<v Speaker 1>and Progressive America is standing staunchly in favor of keeping

0:11:40.880 --> 0:11:45.760
<v Speaker 1>the Jews out in effect and conservatives out.

0:11:45.840 --> 0:11:48.000
<v Speaker 2>Did you see uh?

0:11:48.080 --> 0:11:49.480
<v Speaker 1>I don't want to get too bogged down on this,

0:11:49.600 --> 0:11:51.920
<v Speaker 1>but did you see that a ven diagram thing that

0:11:52.000 --> 0:11:54.640
<v Speaker 1>was making the floating around on social media over the weekend,

0:11:54.920 --> 0:11:58.640
<v Speaker 1>where you had the far right is a circle, the

0:11:58.679 --> 0:12:02.000
<v Speaker 1>far left is a circle, and fundamentalist Islam is a circle.

0:12:02.200 --> 0:12:05.720
<v Speaker 1>And the one thing all three circles converge on is

0:12:06.200 --> 0:12:09.959
<v Speaker 1>we hate Jews right in America, far right, far left,

0:12:10.040 --> 0:12:13.800
<v Speaker 1>unlike the Jews and fundamentalist Islam.

0:12:13.880 --> 0:12:17.320
<v Speaker 2>That's a problem, yeah, if you're Jewish.

0:12:17.640 --> 0:12:20.880
<v Speaker 1>So the Trump Administration Task Force on Anti Semitism wrote

0:12:20.920 --> 0:12:23.560
<v Speaker 1>to school earlier asking it to take nine actions quote

0:12:23.559 --> 0:12:26.720
<v Speaker 1>that we regard as necessary for Harvard University's continued financial

0:12:26.760 --> 0:12:29.480
<v Speaker 1>relationship with the United States government. Most of the demands

0:12:29.480 --> 0:12:31.920
<v Speaker 1>concerned how the university operates. The government is asking for

0:12:31.960 --> 0:12:36.040
<v Speaker 1>a comprehensive mask ban, as well as changes to governance, leadership,

0:12:36.040 --> 0:12:39.760
<v Speaker 1>and admissions, and an end to DEI programs. Notably, the

0:12:39.800 --> 0:12:42.280
<v Speaker 1>government is also seeking to reach into the classroom.

0:12:42.480 --> 0:12:44.400
<v Speaker 2>Gets a little controversial.

0:12:43.760 --> 0:12:47.800
<v Speaker 1>Here, demanding quote necessary changes be made to address bias,

0:12:48.080 --> 0:12:53.760
<v Speaker 1>improve viewpoint diversity, and end ideological capture which fuel anti

0:12:54.200 --> 0:12:55.199
<v Speaker 1>Semitic harassment.

0:12:55.240 --> 0:12:57.319
<v Speaker 2>To task forces, letter said.

0:12:57.160 --> 0:13:00.320
<v Speaker 1>I would like that stuff to happen, but I don't

0:13:00.320 --> 0:13:02.439
<v Speaker 1>see how you can force that to happen without getting

0:13:02.440 --> 0:13:04.120
<v Speaker 1>into a real dangerous territory.

0:13:04.960 --> 0:13:06.600
<v Speaker 2>That is such an interesting question.

0:13:06.920 --> 0:13:13.200
<v Speaker 1>If you have a ninety four percent progressive faculty in

0:13:13.240 --> 0:13:18.600
<v Speaker 1>a school that gets any government funding whatsoever, conservative is

0:13:18.600 --> 0:13:22.440
<v Speaker 1>not a protected class, right, It's difficult to make that

0:13:22.559 --> 0:13:25.320
<v Speaker 1>into a civil rights issue with the teeth of the

0:13:25.440 --> 0:13:29.120
<v Speaker 1>law behind you. Well, and it's an interesting conundrum. And

0:13:29.240 --> 0:13:31.320
<v Speaker 1>you can see where if you allowed this, how out

0:13:31.320 --> 0:13:35.840
<v Speaker 1>of control it could get. Who's going to define, you know,

0:13:35.880 --> 0:13:38.520
<v Speaker 1>what the politics ought to be of the college at

0:13:38.520 --> 0:13:39.520
<v Speaker 1>what percentage?

0:13:40.200 --> 0:13:41.240
<v Speaker 2>And how do you enforce it?

0:13:41.440 --> 0:13:43.000
<v Speaker 5>Yeah?

0:13:43.120 --> 0:13:45.520
<v Speaker 1>Right, how do you define who's a conservative, who's a

0:13:45.559 --> 0:13:49.120
<v Speaker 1>moderate conservative, who's a far right person? Yeah, it's a

0:13:49.280 --> 0:13:51.520
<v Speaker 1>it's opening a Pandora's box. But at the same time,

0:13:52.040 --> 0:13:56.000
<v Speaker 1>something like that has to happen or it will tear

0:13:56.040 --> 0:13:59.120
<v Speaker 1>the country apartment. Don't you feel like market forces are

0:13:59.160 --> 0:14:02.560
<v Speaker 1>working at this right now? Where Yes, you know, a

0:14:02.600 --> 0:14:05.720
<v Speaker 1>degree from Columbia and Harvard. I think there's lots of

0:14:05.720 --> 0:14:08.520
<v Speaker 1>people in the country. They see that on a resume

0:14:08.559 --> 0:14:11.800
<v Speaker 1>and they think, oh no, they don't think, yes, Harvard

0:14:11.800 --> 0:14:14.360
<v Speaker 1>grad wants to work there. Do you think danger danger?

0:14:14.600 --> 0:14:14.880
<v Speaker 2>Yeah?

0:14:14.960 --> 0:14:18.080
<v Speaker 1>Yeah, yeah, exactly, Yeah, I do think that and other

0:14:18.120 --> 0:14:21.560
<v Speaker 1>schools are opening up and proudly proclaiming themselves to be

0:14:21.760 --> 0:14:25.080
<v Speaker 1>actual centers of the free exchange of ideas, whether it's

0:14:25.120 --> 0:14:29.480
<v Speaker 1>a University of Austin, North Carolina has got established a

0:14:29.480 --> 0:14:33.040
<v Speaker 1>brand new college within the university. That's all about free inquiry,

0:14:33.080 --> 0:14:35.480
<v Speaker 1>which is what the whole gd thing is.

0:14:35.440 --> 0:14:37.000
<v Speaker 2>Supposed to be doing. Anyway.

0:14:37.560 --> 0:14:39.640
<v Speaker 1>The headline in the New York Times, as Jack mentioned,

0:14:39.680 --> 0:14:43.520
<v Speaker 1>Harvard's decision to resist Trump is ament is of moments

0:14:43.880 --> 0:14:47.520
<v Speaker 1>momentous significance. Sorry, but a fight with the nation's oldest, richest,

0:14:47.560 --> 0:14:50.120
<v Speaker 1>and most elite university is a battle to President Trump

0:14:50.120 --> 0:14:53.680
<v Speaker 1>and is powerful. Ad Stephen Miller want to have I

0:14:53.680 --> 0:14:55.120
<v Speaker 1>think that's actually true.

0:14:55.360 --> 0:14:58.880
<v Speaker 2>Yep. But Elizabeth bum Miller.

0:15:00.240 --> 0:15:04.160
<v Speaker 1>From Washington is talking about how the Trump administration is

0:15:04.400 --> 0:15:09.120
<v Speaker 1>demanding all sorts of unreasonable things and controlling the university

0:15:09.120 --> 0:15:12.000
<v Speaker 1>and how significant this is and wonderful blah blah blah.

0:15:12.080 --> 0:15:14.320
<v Speaker 1>I thought it was interesting that she also mentions, just

0:15:14.440 --> 0:15:17.160
<v Speaker 1>point of interest, Harvard University is one hundred and forty

0:15:17.240 --> 0:15:21.240
<v Speaker 1>years older than the United States. Yeah, has an endowment

0:15:21.360 --> 0:15:26.200
<v Speaker 1>greater than the GDP of nearly one hundred countries. Yeah,

0:15:26.200 --> 0:15:30.640
<v Speaker 1>that's amazing and then finally, the Wall Street Journal was

0:15:30.880 --> 0:15:35.400
<v Speaker 1>describing how this battle is being waged, and it's kind

0:15:35.400 --> 0:15:41.800
<v Speaker 1>of interesting. It has to do with a Health and

0:15:41.920 --> 0:15:46.040
<v Speaker 1>Human Services official who's part of a little known government

0:15:46.080 --> 0:15:50.520
<v Speaker 1>task force that's shaken elite universities, targeted billions of dollars

0:15:50.560 --> 0:15:53.880
<v Speaker 1>in federal funding, taken on to Columbia and Harvard, et cetera,

0:15:53.920 --> 0:15:58.520
<v Speaker 1>et cetera. It's called the Task Force to Combat Anti Semitism,

0:15:59.800 --> 0:16:01.800
<v Speaker 1>and the group's stated goal is to root out anti

0:16:01.800 --> 0:16:05.800
<v Speaker 1>Semitic harassment at schools and on college campuses. But along

0:16:05.800 --> 0:16:08.280
<v Speaker 1>the way, the task Force is taking on university culture

0:16:08.320 --> 0:16:10.760
<v Speaker 1>more broadly in ways that echo the MAGA dreams for

0:16:10.840 --> 0:16:15.000
<v Speaker 1>remaking higher education, including racial ending, racial preferences, and hiring

0:16:15.120 --> 0:16:20.080
<v Speaker 1>and admission. But it's a very small part of the

0:16:20.280 --> 0:16:25.040
<v Speaker 1>HHS that is kind of the tip of the spear

0:16:25.160 --> 0:16:28.520
<v Speaker 1>doing this stuff. And I can't wait to watch this unfold.

0:16:28.840 --> 0:16:32.080
<v Speaker 1>As I've probably over emphasized, I think it's one of

0:16:32.080 --> 0:16:35.120
<v Speaker 1>the most important things going on in America today, even

0:16:35.160 --> 0:16:36.640
<v Speaker 1>though it's under most people's radar.

0:16:37.440 --> 0:16:39.320
<v Speaker 2>It' tosay, April fifteenth, It's tax Day.

0:16:39.360 --> 0:16:41.880
<v Speaker 1>We're going to talk to our friend Steven Moskowitz tax

0:16:41.920 --> 0:16:45.680
<v Speaker 1>attorney about the kind of state of taxes today and

0:16:45.760 --> 0:16:49.400
<v Speaker 1>make common mistakes and things you should keep your eye on.

0:16:49.600 --> 0:16:52.720
<v Speaker 1>Oof death and taxes, man, only two things you can

0:16:52.760 --> 0:16:55.960
<v Speaker 1>count on on this planet. Can practically guarantee you'll get

0:16:56.000 --> 0:16:58.400
<v Speaker 1>some good advice out of it, something you'll want to

0:16:58.400 --> 0:17:01.600
<v Speaker 1>look into in your own finance. Maybe later we'll get

0:17:01.600 --> 0:17:05.600
<v Speaker 1>to that dude who set fire to the Pennsylvania governor's mansion.

0:17:05.640 --> 0:17:12.119
<v Speaker 2>That's an interesting story. Total Toildren, Armstrong and Getty Pappy

0:17:12.240 --> 0:17:12.680
<v Speaker 2>tax today.

0:17:12.720 --> 0:17:16.959
<v Speaker 1>Everybody, good news is whatever money you're given the government

0:17:17.000 --> 0:17:19.160
<v Speaker 1>that you worked hard for, it's going to be spent

0:17:19.359 --> 0:17:22.879
<v Speaker 1>wisely and in a way better than you could have

0:17:22.920 --> 0:17:27.080
<v Speaker 1>spent it. Oh yeah, absolutely, you and your children and

0:17:27.119 --> 0:17:28.040
<v Speaker 1>your needs.

0:17:28.440 --> 0:17:30.080
<v Speaker 2>So I didn't hear the latest update. Do we have

0:17:30.280 --> 0:17:30.960
<v Speaker 2>our guest or No?

0:17:31.760 --> 0:17:35.160
<v Speaker 1>Not as yet? Okay, still efforting that. So here's something

0:17:35.960 --> 0:17:37.560
<v Speaker 1>I don't know if we'll ever figure out.

0:17:39.240 --> 0:17:40.080
<v Speaker 2>So we have.

0:17:41.680 --> 0:17:44.640
<v Speaker 1>A higher tolerance right now in the country for political

0:17:44.720 --> 0:17:49.000
<v Speaker 1>violence than we've had since the early seventies, I feel like,

0:17:50.680 --> 0:17:54.480
<v Speaker 1>and we're getting more of it. But every example of

0:17:54.520 --> 0:17:57.840
<v Speaker 1>it that happens, the person is crazy. So how does

0:17:57.920 --> 0:18:03.800
<v Speaker 1>that fit together? Because crazy people are crazy. So I

0:18:03.800 --> 0:18:07.320
<v Speaker 1>don't know how you fit that in with the zeitgeist

0:18:07.400 --> 0:18:10.280
<v Speaker 1>or whatever. Does the zeitgeist reach crazy people? But anyway,

0:18:11.880 --> 0:18:16.240
<v Speaker 1>the guy that set the Pennsylvania governor mansion on fire.

0:18:16.240 --> 0:18:17.639
<v Speaker 2>Was completely nuts.

0:18:19.320 --> 0:18:22.399
<v Speaker 1>Yet it fits into a pattern of more political violence,

0:18:22.440 --> 0:18:24.359
<v Speaker 1>and we can talk more about that later. We'll get

0:18:24.400 --> 0:18:26.080
<v Speaker 1>into the details of this guy's background.

0:18:26.119 --> 0:18:27.040
<v Speaker 2>I mean, he's a nut.

0:18:27.000 --> 0:18:30.440
<v Speaker 1>Job, but first let's talk taxes with Steven Moscowitz, the

0:18:30.480 --> 0:18:33.240
<v Speaker 1>founder and tax attorney at moscow at'z LLP. Long time

0:18:33.359 --> 0:18:35.919
<v Speaker 1>a friend of The Armstrong and Giddy Show and advisor

0:18:36.000 --> 0:18:37.680
<v Speaker 1>on matters tax as well.

0:18:37.720 --> 0:18:40.320
<v Speaker 2>Steven, how are you doing great?

0:18:40.440 --> 0:18:41.800
<v Speaker 4>My favorite day of the year.

0:18:43.320 --> 0:18:44.160
<v Speaker 2>Yeah, not mine.

0:18:44.440 --> 0:18:47.960
<v Speaker 1>Yeah, you're the only one, but sore. You're always brimming

0:18:48.080 --> 0:18:51.439
<v Speaker 1>with interesting tax talk. You love your job as much

0:18:51.480 --> 0:18:54.120
<v Speaker 1>as anybody in America. So what's the top of mind

0:18:54.160 --> 0:18:57.399
<v Speaker 1>for you today to communicate to the good folks?

0:18:57.920 --> 0:19:01.639
<v Speaker 4>You know, there's so much haven't done your tax return

0:19:01.760 --> 0:19:05.600
<v Speaker 4>by now? Don't be like in the movies, work until midnight,

0:19:05.640 --> 0:19:08.280
<v Speaker 4>they get it out. Go on extension now, the extension

0:19:08.320 --> 0:19:10.760
<v Speaker 4>and extension of time to file, not an extension of

0:19:10.760 --> 0:19:12.720
<v Speaker 4>time to pay. But if you can't pay your taxes,

0:19:13.480 --> 0:19:16.600
<v Speaker 4>don't make the mistake of not final return file it.

0:19:16.760 --> 0:19:19.199
<v Speaker 4>Pay what you can and then you can do a

0:19:19.240 --> 0:19:21.720
<v Speaker 4>monthly payment plan. And you know, I know in the

0:19:21.800 --> 0:19:26.439
<v Speaker 4>movies the irs is portrayed as monsters, they're not. You know,

0:19:26.520 --> 0:19:28.760
<v Speaker 4>like any large group, there's always a bad apple and

0:19:28.800 --> 0:19:30.919
<v Speaker 4>there's always somebody great. But most of them are just

0:19:30.960 --> 0:19:34.159
<v Speaker 4>doing their job. If you're reasonable with them, they'll be

0:19:34.240 --> 0:19:37.040
<v Speaker 4>reasonable for you. You can work something out. You don't

0:19:37.080 --> 0:19:39.880
<v Speaker 4>have to be afraid of it. You can work something out.

0:19:40.119 --> 0:19:43.560
<v Speaker 4>That's what we do for people. But the bottom line

0:19:43.640 --> 0:19:46.000
<v Speaker 4>is these problems are fixable. And I've seen over the

0:19:46.080 --> 0:19:49.320
<v Speaker 4>years so many people. They go into hiding. They do

0:19:49.400 --> 0:19:53.040
<v Speaker 4>these horrible things. They punish themselves, way worse than the

0:19:53.080 --> 0:19:56.399
<v Speaker 4>government ever would, and there's no need for that. On

0:19:56.440 --> 0:20:00.320
<v Speaker 4>the other hand, there's so many tax benefits. If you're

0:20:00.320 --> 0:20:02.360
<v Speaker 4>a do it yourself or there's a lot of good

0:20:02.400 --> 0:20:05.760
<v Speaker 4>things to read, you might also want to consider talking

0:20:05.800 --> 0:20:10.240
<v Speaker 4>to somebody. There's so many advantages, especially if you're in business.

0:20:10.480 --> 0:20:12.280
<v Speaker 4>You take a look at the fortune five hundred and

0:20:12.320 --> 0:20:15.320
<v Speaker 4>that's one of the things that originally motivated me to

0:20:15.359 --> 0:20:16.879
<v Speaker 4>become a tax attorney because you know, I was a

0:20:16.880 --> 0:20:21.639
<v Speaker 4>CPA first, and then I watched these giant corporations making

0:20:22.080 --> 0:20:26.160
<v Speaker 4>billions of dollars and legally paying little or no taxes,

0:20:26.320 --> 0:20:29.919
<v Speaker 4>And how can that be? Our tax law is based

0:20:29.920 --> 0:20:33.520
<v Speaker 4>on two things. One getting money from us. We all

0:20:33.560 --> 0:20:36.720
<v Speaker 4>know about that one, but the other one. In a democracy,

0:20:36.840 --> 0:20:40.480
<v Speaker 4>the government can't order us to do things, but they

0:20:40.520 --> 0:20:43.080
<v Speaker 4>want us to do things because it's good for the economy.

0:20:43.119 --> 0:20:45.840
<v Speaker 4>So how they get to do it They pay us.

0:20:46.480 --> 0:20:49.400
<v Speaker 4>And that's the secret of all these tax deductions. There's

0:20:49.440 --> 0:20:53.040
<v Speaker 4>all kinds of tax incentives. We see some ones like

0:20:53.760 --> 0:20:57.920
<v Speaker 4>buying a house you get a tax deduction for mortgage

0:20:57.920 --> 0:21:01.160
<v Speaker 4>interest in real estate taxes. You set up a pension

0:21:01.240 --> 0:21:04.240
<v Speaker 4>for yourself, you get a tax deduction for that. There's

0:21:04.400 --> 0:21:10.640
<v Speaker 4>so many benefits where if you have depreciation on machinery

0:21:10.800 --> 0:21:15.000
<v Speaker 4>or buildings, there's ways to accelerate that and get way

0:21:15.119 --> 0:21:18.320
<v Speaker 4>more if these huge deductions. Another thing, to me, the

0:21:18.320 --> 0:21:24.080
<v Speaker 4>most beautiful words in the English language are a positive

0:21:24.240 --> 0:21:32.080
<v Speaker 4>cash flow with a tax loss. Isn't it in your life?

0:21:32.280 --> 0:21:33.960
<v Speaker 4>I mean, it brings it dear to the eye. It's

0:21:33.960 --> 0:21:40.280
<v Speaker 4>so emotional to me. And the bottom line is there's

0:21:40.520 --> 0:21:43.159
<v Speaker 4>so much there where you can you can benefit. And

0:21:43.200 --> 0:21:46.480
<v Speaker 4>I mean there's benefits for everything. It's not just for

0:21:46.560 --> 0:21:49.919
<v Speaker 4>its people, it's for everything. If you're on the lower

0:21:50.240 --> 0:21:53.560
<v Speaker 4>into the income scale, the government gives you all kinds

0:21:53.600 --> 0:21:57.240
<v Speaker 4>of benefits for you, for your kids, family members. If

0:21:57.240 --> 0:21:59.680
<v Speaker 4>you're on the other end, there's ways that you can

0:21:59.840 --> 0:22:02.480
<v Speaker 4>go up to your yachts and everything in between. The

0:22:02.520 --> 0:22:06.560
<v Speaker 4>tax law has something for everybody in it. It's worth

0:22:06.560 --> 0:22:09.680
<v Speaker 4>it knowing it's studying or going as somebody does. There's

0:22:09.800 --> 0:22:13.359
<v Speaker 4>just so much there, and yet so many people treat

0:22:13.400 --> 0:22:16.399
<v Speaker 4>it with despair and it's horrible. It's not you have

0:22:16.480 --> 0:22:19.160
<v Speaker 4>to take a look at all the good things they're there.

0:22:19.240 --> 0:22:20.399
<v Speaker 4>You just have to know about it.

0:22:20.760 --> 0:22:23.200
<v Speaker 1>So we talk a lot about You've talked a lot

0:22:23.200 --> 0:22:26.080
<v Speaker 1>about how the complexity of the tax code. I mean,

0:22:26.119 --> 0:22:30.520
<v Speaker 1>if we're starting the tax code today, nobody would want

0:22:30.560 --> 0:22:33.119
<v Speaker 1>to end up with what we currently have, even though

0:22:33.160 --> 0:22:35.680
<v Speaker 1>it's so hard to change. But like when you started

0:22:36.600 --> 0:22:40.080
<v Speaker 1>many years ago, how many pages or rules were there

0:22:40.119 --> 0:22:41.000
<v Speaker 1>compared to today?

0:22:42.680 --> 0:22:45.520
<v Speaker 4>All you know, I remember when I was in grad school,

0:22:45.520 --> 0:22:47.800
<v Speaker 4>the professor actually went over that and he took it

0:22:47.800 --> 0:22:52.200
<v Speaker 4>even back further where he basically showed us with his hands.

0:22:52.200 --> 0:22:55.880
<v Speaker 4>He said, when he started in tax basically the tax

0:22:55.960 --> 0:22:58.520
<v Speaker 4>law was and he opened his fingers to show us.

0:22:58.520 --> 0:23:01.000
<v Speaker 4>Now he said today this is back when I was

0:23:01.040 --> 0:23:02.959
<v Speaker 4>in school. He opened his arms. He said, that's not

0:23:03.000 --> 0:23:06.080
<v Speaker 4>wide enough. And what happens is it's not just the law,

0:23:06.119 --> 0:23:09.119
<v Speaker 4>it's the interpretations. A lot of what we do is

0:23:09.200 --> 0:23:13.440
<v Speaker 4>we argue over what did the legislators and their infinite

0:23:13.440 --> 0:23:17.440
<v Speaker 4>wisdom provide for us? And oftentimes the judges can't agree,

0:23:17.760 --> 0:23:20.600
<v Speaker 4>and so many times will do a settlement because both

0:23:20.600 --> 0:23:23.800
<v Speaker 4>sides say, well, we don't really know what they meant.

0:23:24.119 --> 0:23:26.760
<v Speaker 4>So rather than have the judges aside, let's make a deal.

0:23:26.840 --> 0:23:31.720
<v Speaker 4>And again you see judges disagreeing. You say, appeals judges

0:23:31.760 --> 0:23:35.720
<v Speaker 4>disagreeing with trial judges. It's almost like nobody knows. It's

0:23:35.720 --> 0:23:38.760
<v Speaker 4>a grand mystery, one of the mysteries of life. And

0:23:38.840 --> 0:23:42.040
<v Speaker 4>going through this a cent that really is. I know

0:23:42.040 --> 0:23:45.040
<v Speaker 4>how excited I get about tax law, but it really

0:23:45.200 --> 0:23:48.600
<v Speaker 4>is that the mysteries of life, and in real life,

0:23:49.080 --> 0:23:52.480
<v Speaker 4>it's not a black and white mathematical one plus one

0:23:52.560 --> 0:23:56.560
<v Speaker 4>equals too, that's the right answers. It's like going into

0:23:56.560 --> 0:23:59.240
<v Speaker 4>the museum and looking at the paintings and say, what's

0:23:59.240 --> 0:24:02.680
<v Speaker 4>the most beautiful full painting here. It's a matter of interpretation,

0:24:02.840 --> 0:24:04.720
<v Speaker 4>and there's so much of a tax fall like that.

0:24:05.040 --> 0:24:08.440
<v Speaker 4>What the legislators mean. And when you argue TAXLW that's

0:24:08.440 --> 0:24:09.800
<v Speaker 4>one of other things too. You try to thro what

0:24:09.840 --> 0:24:13.560
<v Speaker 4>did they mean and you negotiate about it to try

0:24:13.600 --> 0:24:16.240
<v Speaker 4>and figure out what they mean. That's something people don't

0:24:16.280 --> 0:24:18.240
<v Speaker 4>realize about tax law. But that's part of the beauty

0:24:18.280 --> 0:24:19.680
<v Speaker 4>of it, or at least the way the system works.

0:24:20.359 --> 0:24:20.960
<v Speaker 2>So Stephen.

0:24:21.000 --> 0:24:24.120
<v Speaker 1>In real life, the topic I've probably heard the most

0:24:24.200 --> 0:24:28.639
<v Speaker 1>from people being confused about is if they're working remotely,

0:24:29.040 --> 0:24:31.639
<v Speaker 1>part time or full time. They've got a home office.

0:24:31.680 --> 0:24:36.439
<v Speaker 1>I've got a home studio. Can you deduct the equipment

0:24:36.520 --> 0:24:39.320
<v Speaker 1>you buy? The chair you're sitting on? What are the

0:24:39.320 --> 0:24:41.360
<v Speaker 1>pros and cons of the your Wi Fi because you're

0:24:41.440 --> 0:24:42.160
<v Speaker 1>using it at home?

0:24:42.760 --> 0:24:44.960
<v Speaker 4>Yeah, you may be able to, and what you have

0:24:45.000 --> 0:24:47.560
<v Speaker 4>to watch out for. The most common is the home office.

0:24:48.000 --> 0:24:51.119
<v Speaker 4>People say, can I deduct the home office now? In

0:24:51.240 --> 0:24:53.320
<v Speaker 4>order to deduct it? The way you do it is

0:24:53.400 --> 0:25:00.520
<v Speaker 4>you say, okay, if you use a portion of your

0:25:00.560 --> 0:25:05.640
<v Speaker 4>home exclusively for business, you can deduct it. And even

0:25:05.640 --> 0:25:08.879
<v Speaker 4>if you're at a studio apartment that's one room. Company you

0:25:08.880 --> 0:25:11.199
<v Speaker 4>do that. The Taxkport has ruled is we use a

0:25:11.280 --> 0:25:14.320
<v Speaker 4>portion of that room exclusively for business. You can do it,

0:25:14.320 --> 0:25:16.520
<v Speaker 4>but you have to watch out. There's a downside to

0:25:16.600 --> 0:25:20.359
<v Speaker 4>doing it. And the downside to doing is it converts

0:25:20.480 --> 0:25:25.240
<v Speaker 4>that portion of your home from your principal residence, which

0:25:25.240 --> 0:25:30.320
<v Speaker 4>has all kinds of tax benefits, into business property, which doesn't.

0:25:30.960 --> 0:25:33.800
<v Speaker 4>So if you sell the house, then all of a

0:25:33.840 --> 0:25:36.120
<v Speaker 4>sudden you learn about things you have to give back,

0:25:36.200 --> 0:25:40.760
<v Speaker 4>like appreciation, recapture and other things. So if you're thinking

0:25:40.800 --> 0:25:44.360
<v Speaker 4>about deducting home office, you can do it if you qualify,

0:25:44.480 --> 0:25:46.399
<v Speaker 4>but you may not want to do that.

0:25:46.600 --> 0:25:49.080
<v Speaker 1>Then we've never thought about the end when you go

0:25:49.119 --> 0:25:50.960
<v Speaker 1>to sell your house and that that that's not a house,

0:25:51.000 --> 0:25:53.840
<v Speaker 1>that's an officer selling, and here's the everything that goes.

0:25:53.640 --> 0:25:57.600
<v Speaker 5>With that exactly. So the bottom line is it's kind

0:25:57.600 --> 0:25:59.520
<v Speaker 5>of like medicine. This is a good medicine book as

0:25:59.520 --> 0:26:01.800
<v Speaker 5>a side of which may or may not affect you.

0:26:01.880 --> 0:26:06.080
<v Speaker 5>So we talk about that, and the bottom line is

0:26:06.240 --> 0:26:07.240
<v Speaker 5>another thing that's.

0:26:07.080 --> 0:26:10.240
<v Speaker 4>Really good for evil is if you're an independent contractor,

0:26:10.920 --> 0:26:14.000
<v Speaker 4>you set up your own business and then you take

0:26:14.280 --> 0:26:18.440
<v Speaker 4>pension deductions retirement, and there's so many benefits. You get

0:26:18.440 --> 0:26:21.879
<v Speaker 4>a big tax deduction, and one of the things with retirement,

0:26:21.960 --> 0:26:25.239
<v Speaker 4>like we're here, it is it's a POL fifteen and

0:26:25.280 --> 0:26:27.600
<v Speaker 4>you say, well, these are all good things for next year,

0:26:27.880 --> 0:26:30.159
<v Speaker 4>but there's some things you can still do. Suppose you

0:26:30.200 --> 0:26:35.040
<v Speaker 4>put your return on extension today. There's many different types

0:26:35.080 --> 0:26:40.280
<v Speaker 4>of pensions, most but not all of them provide for

0:26:40.480 --> 0:26:43.200
<v Speaker 4>an exceptional tax plan because most things with tax plane

0:26:43.240 --> 0:26:45.320
<v Speaker 4>you have to write the check by December thirty, first

0:26:45.359 --> 0:26:48.040
<v Speaker 4>twenty four deductor twenty four. Not with most of the

0:26:48.080 --> 0:26:51.040
<v Speaker 4>pension planets, so up to the time filing the return

0:26:51.080 --> 0:26:54.879
<v Speaker 4>plus extension, which means suppose you put your return on

0:26:54.960 --> 0:26:59.200
<v Speaker 4>extension today, that gives you half the year to set

0:26:59.280 --> 0:27:01.960
<v Speaker 4>up the tension in twenty twenty five, fund it in

0:27:01.960 --> 0:27:06.240
<v Speaker 4>twenty twenty five, and then you can elect to deduct

0:27:06.320 --> 0:27:08.880
<v Speaker 4>it from your twenty four taxes. So the bottom line,

0:27:08.880 --> 0:27:12.560
<v Speaker 4>think about you earned money last year, you have another

0:27:12.640 --> 0:27:16.160
<v Speaker 4>six months happy year to earn money, put it away

0:27:16.200 --> 0:27:20.120
<v Speaker 4>for yourself, and take a deduction for last year twenty four.

0:27:20.200 --> 0:27:22.119
<v Speaker 4>I mean, for me, this is just fascinating.

0:27:22.760 --> 0:27:24.560
<v Speaker 1>So that would be like a small business person and

0:27:24.720 --> 0:27:26.760
<v Speaker 1>had a really great twenty twenty four and is getting

0:27:26.760 --> 0:27:29.879
<v Speaker 1>hammered with taxes. It can in effect shield some of

0:27:29.880 --> 0:27:33.840
<v Speaker 1>that income from tax by putting it in a pension

0:27:33.840 --> 0:27:35.200
<v Speaker 1>plan like retroactively.

0:27:36.480 --> 0:27:40.000
<v Speaker 4>Ah. And when somebody gives you something nice, what do

0:27:40.040 --> 0:27:45.359
<v Speaker 4>you say, thank you? Well, lawyer says more, I want more.

0:27:46.000 --> 0:27:50.399
<v Speaker 4>And what happens is with the really great year you

0:27:50.440 --> 0:27:54.440
<v Speaker 4>talked about with the pension plans, if you had a

0:27:54.480 --> 0:27:56.760
<v Speaker 4>fantastic year, one of the things you can do they're

0:27:56.760 --> 0:28:03.960
<v Speaker 4>so flexible, is you can make multiple plan year contributions

0:28:03.960 --> 0:28:10.640
<v Speaker 4>in one calendar year and get a much much bigger

0:28:10.880 --> 0:28:14.720
<v Speaker 4>deduction for that year. So suppose you are salesman or

0:28:15.240 --> 0:28:17.120
<v Speaker 4>something else. You have big sale, you need a lot

0:28:17.160 --> 0:28:20.080
<v Speaker 4>of money. What you want to do is you want

0:28:20.119 --> 0:28:22.080
<v Speaker 4>to get looks that it was twenty four. He said,

0:28:22.080 --> 0:28:24.280
<v Speaker 4>I'm looking at these taxes. I hate all these taxes.

0:28:24.880 --> 0:28:26.800
<v Speaker 4>So you set up the pension plans. And by the way,

0:28:26.840 --> 0:28:29.280
<v Speaker 4>you can have multiple pension plans in the same year.

0:28:29.720 --> 0:28:33.040
<v Speaker 4>You set up multiple pension plans and then you make

0:28:33.359 --> 0:28:37.360
<v Speaker 4>multiple plane near contributions in one calendar year. You get

0:28:37.359 --> 0:28:41.719
<v Speaker 4>a gigantic deduction against that fantastic year, and that's one

0:28:41.720 --> 0:28:43.520
<v Speaker 4>of the ways you don't pay taxes on it. Say

0:28:43.520 --> 0:28:45.640
<v Speaker 4>this stuff really lives done.

0:28:45.640 --> 0:28:48.120
<v Speaker 1>And then you end up taking it out years down

0:28:48.160 --> 0:28:50.560
<v Speaker 1>the road when you're paying it a much lower rate.

0:28:50.960 --> 0:28:52.320
<v Speaker 2>Theoretically, all right, we've got it.

0:28:52.480 --> 0:28:55.120
<v Speaker 1>Like two more minutes, Stephen, anything else you want to

0:28:55.160 --> 0:28:56.760
<v Speaker 1>squeeze in before we let.

0:28:56.680 --> 0:29:01.800
<v Speaker 4>You go, Yes, before where you send your taxes in.

0:29:02.000 --> 0:29:04.560
<v Speaker 4>You really want to learn as much as you can,

0:29:05.120 --> 0:29:08.600
<v Speaker 4>either on your own from reading or going to somebody

0:29:08.640 --> 0:29:12.480
<v Speaker 4>that does this, because most people cheat on their taxes.

0:29:13.520 --> 0:29:18.160
<v Speaker 4>They cheat themselves by not taking everything to which they're entitled.

0:29:18.280 --> 0:29:21.960
<v Speaker 4>And you know, there's just so much to the tax law.

0:29:22.000 --> 0:29:25.440
<v Speaker 4>I know it's really complex, but there's so many benefits

0:29:25.440 --> 0:29:27.760
<v Speaker 4>for you. So the bottom line is, like so many

0:29:27.760 --> 0:29:29.800
<v Speaker 4>other things in life, you get out of it what

0:29:29.880 --> 0:29:32.440
<v Speaker 4>you put into it, learn about it, or go to

0:29:32.480 --> 0:29:35.880
<v Speaker 4>somebody that does this for a living, and you can

0:29:36.080 --> 0:29:41.000
<v Speaker 4>really benefit. You See, there's so much difference in people's taxes.

0:29:41.000 --> 0:29:44.280
<v Speaker 4>And again my example is the fortune five hundred. Look

0:29:44.320 --> 0:29:48.320
<v Speaker 4>at all the money they make. Look at how little

0:29:48.400 --> 0:29:50.360
<v Speaker 4>or nothing to pay in taxes. That's not just for

0:29:50.400 --> 0:29:53.800
<v Speaker 4>the fortune five hundred, that's for everybody that knows about it.

0:29:53.800 --> 0:29:57.680
<v Speaker 4>It's there for you, it's alive, it's legal, and that's

0:29:57.880 --> 0:29:59.880
<v Speaker 4>what I do for a living and notating the stuff

0:30:00.000 --> 0:30:02.680
<v Speaker 4>fascinates me. And it's so great to be able to

0:30:02.760 --> 0:30:03.400
<v Speaker 4>legally do this.

0:30:04.240 --> 0:30:07.320
<v Speaker 1>Stephen Moscowitz Moscow is LLP. Longtime friend of the show.

0:30:07.560 --> 0:30:07.920
<v Speaker 2>Steven.

0:30:08.040 --> 0:30:10.640
<v Speaker 1>Always a pleasure to talk to you. It's always interesting

0:30:11.720 --> 0:30:13.880
<v Speaker 1>if you want to talk to Stephen. One triple eight

0:30:14.000 --> 0:30:16.640
<v Speaker 1>tax deal, one triple A tax deal.

0:30:16.680 --> 0:30:18.600
<v Speaker 2>Steven, thanks for the time, appreciate.

0:30:18.200 --> 0:30:21.240
<v Speaker 4>It, Thanks so much. I had a great time, as always.

0:30:21.520 --> 0:30:22.200
<v Speaker 2>Got it now.

0:30:22.280 --> 0:30:24.680
<v Speaker 1>So obviously he gets paid to do taxes, so you

0:30:24.720 --> 0:30:26.640
<v Speaker 1>know you would have an incentive to convince you to

0:30:26.640 --> 0:30:28.720
<v Speaker 1>have a guy. But I don't doubt that that's true,

0:30:29.600 --> 0:30:33.120
<v Speaker 1>absolutely true, that the majority of people cheat on their taxes.

0:30:33.360 --> 0:30:35.960
<v Speaker 1>The cheating is you cheat yourself by not taking advantage

0:30:35.960 --> 0:30:38.600
<v Speaker 1>of everything. Yeah, and this is again this is not

0:30:38.600 --> 0:30:40.640
<v Speaker 1>a commercial in any way. But and it depends on

0:30:40.680 --> 0:30:42.960
<v Speaker 1>your financial circumstances, where you are in your life and

0:30:43.080 --> 0:30:43.880
<v Speaker 1>one hundred other things.

0:30:43.960 --> 0:30:45.479
<v Speaker 2>So you know, it's entirely up to you.

0:30:45.520 --> 0:30:49.560
<v Speaker 1>But our experience Jack and me as individuals and as

0:30:49.720 --> 0:30:54.240
<v Speaker 1>business partners has been you spend hundreds and save thousands

0:30:54.640 --> 0:30:58.120
<v Speaker 1>by consulting professionals. And maybe your situation is you'd spend

0:30:58.120 --> 0:31:02.160
<v Speaker 1>thousands and save tens of thousands. You know, again depending

0:31:02.160 --> 0:31:04.440
<v Speaker 1>on your life circumstance. But that's been our experience. One

0:31:04.480 --> 0:31:06.400
<v Speaker 1>of my main takeaways from Noan Steven and I think

0:31:06.400 --> 0:31:08.239
<v Speaker 1>he brought this up at a lunch we were at

0:31:08.280 --> 0:31:11.400
<v Speaker 1>with him one time, is the idea of and it's

0:31:11.480 --> 0:31:12.600
<v Speaker 1>changed the way I think about things.

0:31:12.640 --> 0:31:14.880
<v Speaker 2>But like would your I mean a basic question.

0:31:14.720 --> 0:31:17.240
<v Speaker 1>Of would you rather get would you rather have be

0:31:17.560 --> 0:31:21.800
<v Speaker 1>received fifty thousand dollars or eighty thousand dollars? Obviously I'd

0:31:21.880 --> 0:31:25.280
<v Speaker 1>rather receive the eighty thousand dollars. What are the tax implications?

0:31:25.440 --> 0:31:27.480
<v Speaker 1>How's the fifty thousand coming to you? How's the eighty

0:31:27.520 --> 0:31:29.720
<v Speaker 1>thousand coming? Is it coming through income? Did your grandma

0:31:29.800 --> 0:31:31.400
<v Speaker 1>live it to you?

0:31:31.400 --> 0:31:32.800
<v Speaker 2>You know? Is it a prize you won?

0:31:33.080 --> 0:31:35.760
<v Speaker 1>It's because there are different tax implications for all these

0:31:35.800 --> 0:31:37.920
<v Speaker 1>different things. You might be better off with the fifty

0:31:37.960 --> 0:31:40.120
<v Speaker 1>thousand than the eighty thousand. If it was a gift,

0:31:40.120 --> 0:31:41.880
<v Speaker 1>then if it was income, blah blah blah, And you

0:31:42.000 --> 0:31:43.920
<v Speaker 1>always have to look at that end of it.

0:31:43.920 --> 0:31:46.920
<v Speaker 2>It should not be that dizzying, but it is right.

0:31:47.040 --> 0:31:49.000
<v Speaker 2>I hope you enjoyed that. I did. I always get

0:31:49.040 --> 0:31:50.520
<v Speaker 2>something out of it. More on the way stay here.

0:31:52.080 --> 0:31:54.520
<v Speaker 4>Shot of course.

0:31:55.840 --> 0:31:57.040
<v Speaker 2>Of a Minecraft movie.

0:31:57.880 --> 0:32:04.080
<v Speaker 3>Please no throwing pulps horn and also absolutely no.

0:32:05.880 --> 0:32:22.840
<v Speaker 2>Jockey. So you don't know, I haven't told you.

0:32:23.360 --> 0:32:27.800
<v Speaker 1>Jack wife was actually at the theater everybody waiting for

0:32:27.920 --> 0:32:30.920
<v Speaker 1>the Minecraft movie to start. He gets on the microphone

0:32:31.160 --> 0:32:33.680
<v Speaker 1>and then when they figure out it's actually him, the

0:32:34.520 --> 0:32:36.960
<v Speaker 1>guy who says chicken jockey in the movie, everybody went

0:32:37.000 --> 0:32:38.920
<v Speaker 1>burst our Oh I'm sure that'd be very exciting as

0:32:39.160 --> 0:32:40.360
<v Speaker 1>as a child.

0:32:42.160 --> 0:32:45.400
<v Speaker 2>All right, innocent fun. Why not need more of that?

0:32:45.480 --> 0:32:45.920
<v Speaker 2>Not less?

0:32:46.040 --> 0:32:48.239
<v Speaker 1>My son's super into Minecraft has been for quite a

0:32:48.240 --> 0:32:50.920
<v Speaker 1>few years. My youngest, my oldest for whatever reason, does

0:32:50.960 --> 0:32:54.480
<v Speaker 1>not like video games. Never has really, but my youngest,

0:32:54.840 --> 0:32:57.840
<v Speaker 1>and the chicken jockey is something that shows up like

0:32:58.040 --> 0:32:59.000
<v Speaker 1>almost never.

0:32:59.200 --> 0:33:02.680
<v Speaker 2>It's incredibly rare. When you're playing the game.

0:33:02.840 --> 0:33:06.080
<v Speaker 1>There's a different there's a chicken jockey. There's a cat

0:33:06.320 --> 0:33:12.040
<v Speaker 1>can't be camel jockey, Oh I doubt it, but there's

0:33:12.080 --> 0:33:14.240
<v Speaker 1>a different jockey that shows up now and then it's

0:33:14.360 --> 0:33:17.200
<v Speaker 1>more common. But the chicken jockey is like you never

0:33:17.200 --> 0:33:18.840
<v Speaker 1>see it playing the game, It'll just all of a

0:33:18.880 --> 0:33:21.280
<v Speaker 1>sudden be there and like it might happen once in.

0:33:21.200 --> 0:33:22.920
<v Speaker 2>Your life if you play a lot. Wow.

0:33:22.960 --> 0:33:24.720
<v Speaker 1>So that's part of the whole thing of the game.

0:33:26.200 --> 0:33:27.960
<v Speaker 1>It being in the movie is a very big deal.

0:33:28.480 --> 0:33:29.160
<v Speaker 2>That's funny.

0:33:31.320 --> 0:33:36.280
<v Speaker 1>I started the show by saying, Finna die today, or

0:33:38.400 --> 0:33:40.400
<v Speaker 1>Finna gets some medicine, so I can make it through

0:33:40.400 --> 0:33:44.120
<v Speaker 1>this show. I've picked this up from my son, who

0:33:44.120 --> 0:33:48.920
<v Speaker 1>occasionally uses the very popular slang Finna. I hear it

0:33:48.960 --> 0:33:51.360
<v Speaker 1>in a lot of his hip hop music that he plays.

0:33:51.640 --> 0:33:54.680
<v Speaker 1>That's just gonna say. That sounds suspiciously urban hip hop

0:33:54.720 --> 0:33:59.320
<v Speaker 1>to me. Yeah, I guess the origin is fixing too.

0:33:59.400 --> 0:34:02.080
<v Speaker 1>But I've never any young person say fixing to, so

0:34:02.120 --> 0:34:05.200
<v Speaker 1>I think they skipped fixing to to just Finna, which

0:34:05.240 --> 0:34:08.239
<v Speaker 1>is basically short for I'm going to Finny get a sandwich.

0:34:08.800 --> 0:34:11.680
<v Speaker 1>I'm going to get a sandwich. So if you hear

0:34:11.760 --> 0:34:15.360
<v Speaker 1>that now, you won't be confused, or you can sprinkle

0:34:15.360 --> 0:34:18.920
<v Speaker 1>it into your vocabulary if you're around young people and

0:34:18.960 --> 0:34:20.799
<v Speaker 1>you'd like to sound more with.

0:34:20.920 --> 0:34:24.680
<v Speaker 2>The times, I will pass. Thank you, though, fine.

0:34:25.800 --> 0:34:33.880
<v Speaker 1>The desire of young suburban kids to affect the manner

0:34:34.000 --> 0:34:37.759
<v Speaker 1>of urban hipsters. Yeah, is well, it's eternal. I mean,

0:34:38.120 --> 0:34:42.720
<v Speaker 1>it's gone on forever. It's it changes, yet it stays

0:34:42.719 --> 0:34:44.960
<v Speaker 1>the same. It's an interesting phenomenon.

0:34:44.880 --> 0:34:45.800
<v Speaker 2>Right, Yeah.

0:34:46.360 --> 0:34:53.120
<v Speaker 1>Whenever I say Finnah to him, he he's disgusted by it.

0:34:53.640 --> 0:34:54.120
<v Speaker 2>Cringes.

0:34:54.239 --> 0:34:59.080
<v Speaker 1>Yes, say that a lot, then he couldn't cringe more exactly.

0:35:00.520 --> 0:35:03.439
<v Speaker 1>Youthful dialects gets so annoying as you get old. Why

0:35:03.520 --> 0:35:06.399
<v Speaker 1>is there anyway we have a fourth hour of the show.

0:35:06.400 --> 0:35:08.600
<v Speaker 1>If you don't get the fourth hour, you gotta do something.

0:35:08.840 --> 0:35:11.160
<v Speaker 1>You ought to subscribe to our podcast, Armstrong and Getty

0:35:11.200 --> 0:35:11.720
<v Speaker 1>on demand.

0:35:11.800 --> 0:35:14.920
<v Speaker 2>Thanks for being here, Armstrong and Getty.