02-26-2026, 11:43 PM
Will's article from the Civil Beat near the very end says:
We will keep saving and planning. That is what working families do. But something fundamental shifts when the arithmetic changes overnight.
I'd say what really changes something even more fundamental is when the arithmetic changes AFTER YOU SIGNED ON THE BOTTOM LINE.
While there is not much else one could say about this entire debacle that would not just trigger being moderated or deleted for PunaWeb rule violation(s), the only possible upside I see for Will is that with the RIGHT tax attorney/professional, several of which are here in Hilo, Kona or Honolulu if needed, but he COULD, with some creative, yet perfectly legal, tax guidance have 100% of his losses declared as a "Capital Loss" and would be able to write off up to 3 grand a year (assuming married, filing jointly) on his income taxes returns and continue to carry the loss forward up to 3 grand each subsequent year until the loss has been totally exhausted.
We will keep saving and planning. That is what working families do. But something fundamental shifts when the arithmetic changes overnight.
I'd say what really changes something even more fundamental is when the arithmetic changes AFTER YOU SIGNED ON THE BOTTOM LINE.
While there is not much else one could say about this entire debacle that would not just trigger being moderated or deleted for PunaWeb rule violation(s), the only possible upside I see for Will is that with the RIGHT tax attorney/professional, several of which are here in Hilo, Kona or Honolulu if needed, but he COULD, with some creative, yet perfectly legal, tax guidance have 100% of his losses declared as a "Capital Loss" and would be able to write off up to 3 grand a year (assuming married, filing jointly) on his income taxes returns and continue to carry the loss forward up to 3 grand each subsequent year until the loss has been totally exhausted.
“I could say the stupidest things and you’d clap”
-DJT
-DJT