Send you a letter. You are a partner doing business in their state. If you think they can't collect, you're wrong. Some states are more agressive than others about collecting, especially if you owe a lot. If you own many MLPs, the total income from any one state may add up to more than you think.
Note that if you make more than $33 from STON in Pennsylvania, you will owe 3.07% state income tax, even if you don't live there. You can file online. I missed a few years. Interest and penalties apply to late payments. Just sayin'.
The LL CEO was on CNBC this morning, and detailed some facts. The "issue" is with some of the Chinese laminate flooring, which accounts for about 7% of their sales (don't quote me on that number, better to look it up). He stated several times that the company would not compromise their customers for 2 or 3 cents of additional profits. The company has gone to the Chinese factories and investigated, and didn't find a problem. Those at the factory (he claims) did not know the supposed employees of the factories who were saying there was a problem with formaldehyde on the 60 Minutes video. He also tried to clarify that the test performed by 60 Minutes, the deconstruction test (where I think they grind up the flooring) is not the test specified in the California code. Users don't normally grind up their flooring when they install it, do they? He also said they have purchased and distributed 5000 test kits to purchasers of their laminate flooring.
I think this is just an overzealous 60 Minutes report that skews the truth to make it more sensational. LL may be suing them for damages. I used to like 60 Minutes, but they have gotten pretty untrustworthy since the 70s. In the meantime, I am picking up some cheap LL shares.
I haven't seen any posts from her for a while either. I'm on 6 or 7 MLP boards. She used to provide a wealth of useful information, but probably got tired of all the dumb questions (some of which were mine).
Agree totally. Canada should either build its own pipeline to Vancouver to export it or build its own refineries. They could use the jobs, but their own environmentalists would oppose it. Why should we take the environmental risk? The influx of jobs into the Dakotas is because of increased fracking, is it not? And, by the way, the pipeline already exists, the administration just blocked its expansion. Look it up in Wikipedia.
I bought my first shares in 2004, and as of the last distribution, STON has paid me MORE than my initial investment. I have been very happy with this company. As the boomers age, business will only get better, even with higher rates of cremation.
At this point, though, my tax situation changes and I can't deduct certain items. I'm not clear on the rules, but I was hiring a CPA this year anyway to help with my KMR to KMI forced "merger", which was a fully taxable buyout of an MLP by the non-MLP parent company. I expect I will be learning a lot more about MLP sales and rules soon.
I can wipe my own butt, thank you. I take offense at your implication that I hate America. I have been to five continents and I know we have it good here. But I agree with the progressive REPUBLICAN president Teddy Roosevelt when he kicked the corporate masters that would control this country in the #$%$ and put some regulation on them. Now, some of the same corporations almost killed the economy, and the Obama administration put some controls on them, too. Of course, conservatives don't like this. They believe corporations should be able to do whatever the hell they please to make a profit. Dump sludge into rivers? Go ahead, Ted Cruz is all for it, just slip him some campaign funds. Sell questionable derivative products? No problem, the GOP will take cash or checks. GOP -- the party of lies, run by the Tea Party and their Corporate masters. I believe that AMERICA belongs to the PEOPLE, not CORPORATIONS. Too bad the "conservatives" don't believe in the Constitution they so loudly proclaim to support. So answer this: Cliven Bundy, the rancher who has not paid his Federal grazing fees for 20 years even after being ordered to twice by the US Court system, claims that he does not owe them. Is he right?
I guess if you get all your data from the Heritage Foundation you might conclude your points. Try plotting the inflation-adjusted price of gasoline against the annual profits of Exxon Mobil. You'll see almost an exact correlation. Do you really think the president controls the price of gasoline? How about the increased world-wide demand for oil in the developing world, India, Brazil, China?
"The self-appointed dictator"??? Didn't we elect him -- twice? And why is the Middle East more dangerous now than before? Could it be the power vacuum left by Ronald Reagan (Afghanistan) and George Bush (Iraq) left an opening for groups like ISIL and others?