George Bush the first called Dan “potatoe” Quayle the Jose Canseco of politics.
JD is making him look like it in comparison.
They existed and were more of a new wave instrument at the time, but not heavily used in rock like that.
I was unaware of Brownsville Station when I was eleven.
Sorry to have failed your class professor.
We couldn’t all be Jack Black in high fidelity at that age.
I believe I was in sixth grade when that album came out.
First of all, it used a whole lot of synthesizers, which were pretty new technology at the time, and I felt like I was living in the future when I heard it.
As to the album cover, it somehow didn’t register with my that it was a baby smoking.
Rather, it made me think of teenagers smoking in the high school bathroom.
Motley Crue’s Smokin in the Boys Room came out a year later, so I don’t think that influenced my mental image.
Mostly yes.
You get people selling off companies or several depreciated rental properties, and they get hit with the tax and can’t get out of it.
There are some circumstances that they can manipulate though. When the stock market crashed in 2008, people sold off at enormous realized losses, sat on the cash for thirty days to avoid the wash rule, and bought right back in at the same low prices.
That created years worth of carried over losses that enabled them to recognize capital gains at zero tax.
It’s a reasonably common strategy called loss harvesting.
Certain flavors of stock options appear to be tax free at time of sale, but this is because the initial grant was deemed W-2 wages and was taxed when it was issued at ordinary income rates.