A Fiscal Agreement Is Right Around The Corner - Topix
A Fiscal Agreement Is Right Around The Corner
Next Last Mike Mulligan Brattleboro, VT
The manager kept firing me and the higher ups kept telling him to rehire me after I talked to them.A bad 6 months!
Mike Mulligan wrote: <quoted text>I was fired five times. Fired from Walmart multiple times? You are an F'ing loser Mike. Please, please, for the sake of all of us, and so that you don't leach off of all of us. Have the courage to kill yourself!
How much bullying goes on like this with this guy?
Notime wrote: <quoted text>.. Let's say I live in CT but want to buy a vacation home here. Instead of taking out a mortgage on the property I am buying, I take a second mortgage out on an apartment building that I own and was previously paid off and use that money to pay for my new investment property which I will rent out a couple weeks a year to family when I am not using it. Because the apartment building is a business, I can take a business deduction on on the mortgage interest. Here is the nifty thing, I can do this again and again and again....it's all legal. And you want to deprive someone from making that second investment by eliminating the rule that allow the refinancing of that apartment building? Kind of short sighted. Suppose the refinance is to pay for his kid's college tuition or to start a new business. And the only thing he will be able to deduct is the interest which in turn will be taxable to the bank who receives it. That is why interest used to be deductible even if it was a personal loan. It was deductible until 1986 when the democrats took it away along with accelerated depreciation of commercial real estate. The affect of those changes was the cause of the savings and loan crisis. I will explain that in detail if you request it. And that apartment building has been managed by the owner (without pay) for a couple of decades to build that equity he is tapping. It is a form of investment that can actually get regular people ahead. I doubt that the owner would think of himself as "rich" and if you were him you wouldn't either. Now come on. Find a real tax loophole that needs to be eliminated.Those bad tax
How about we value a investment by how how much money you can make instead by taking a tax deduction?
Mike Mulligan wrote: How about we value a investment by how how much money you can make instead by taking a tax deduction? Silly rabbit. The deduction was created to recognize that there were costs associated with owning the property that affected how much you were "really" making and thus paying income taxes on "real" income. Any lost taxes due to the deductions is then "recaptured" when the property is later sold. The only way to avoid the recapture is to die.
I am an Obamabot
John Grega Dead
BeyondNuclear dot...
Migrant Justice: Is Vermont DMV collaborating w...
Total comments across all topics: 252,810,491
A Fiscal Agreement Is Right Around The Corner - Topix
A Fiscal Agreement Is Right Around The Corner
Next Last Mike Mulligan Brattleboro, VT
The manager kept firing me and the higher ups kept telling him to rehire me after I talked to them.A bad 6 months!
Mike Mulligan wrote: <quoted text>I was fired five times. Fired from Walmart multiple times? You are an F'ing loser Mike. Please, please, for the sake of all of us, and so that you don't leach off of all of us. Have the courage to kill yourself!
How much bullying goes on like this with this guy?
Notime wrote: <quoted text>.. Let's say I live in CT but want to buy a vacation home here. Instead of taking out a mortgage on the property I am buying, I take a second mortgage out on an apartment building that I own and was previously paid off and use that money to pay for my new investment property which I will rent out a couple weeks a year to family when I am not using it. Because the apartment building is a business, I can take a business deduction on on the mortgage interest. Here is the nifty thing, I can do this again and again and again....it's all legal. And you want to deprive someone from making that second investment by eliminating the rule that allow the refinancing of that apartment building? Kind of short sighted. Suppose the refinance is to pay for his kid's college tuition or to start a new business. And the only thing he will be able to deduct is the interest which in turn will
 be taxable to the bank who receives it. That is why interest used to be deductible even if it was a personal loan. It was deductible until 1986 when the democrats took it away along with accelerated depreciation of commercial real estate. The affect of those changes was the cause of the savings and loan crisis. I will explain that in detail if you request it. And that apartment building has been managed by the owner (without pay) for a couple of decades to build that equity he is tapping. It is a form of investment that can actually get regular people ahead. I doubt that the owner would think of himself as "rich" and if you were him you wouldn't either. Now come on. Find a real tax loophole that needs to be eliminated.Those bad tax
How about we value a investment by how how much money you can make instead by taking a tax deduction?
Mike Mulligan wrote: How about we value a investment by how how much money you can make instead by taking a tax deduction? Silly rabbit. The deduction was created to recognize that there were costs associated with owning the property that affected how much you were "really" making and thus paying income taxes on "real" income. Any lost taxes due to the deductions is then "recaptured" when the property is later sold. The only way to avoid the recapture is to die.
I am an Obamabot
John Grega Dead
BeyondNuclear dot...
Migrant Justice: Is Vermont DMV collaborating w...
Total comments across all topics: 252,810,491