Conforming limit to $700,000?

[Ash Housewares]

provision for a one-year increase…

Maybe I’m too cynical, but I don’t believe this “one year” patch will go away. Next year it’ll be “we’ve decided to extend the new conforming loan limits indefinately”.

Is there a market to place bets on future legislation?

[raptorduck]

fat_lazy and ucodogen. I will put in my 2 cent to the rich paying no taxes side thread.

I don’t claim to be rich by any means, but I have been an AMT taxpayer for a decade and I have a very very good accountant. I have no deductions/exemptions (via either AMT exclusion or regular tax rate phase out), no loopholes, and pay way too much tax as a percentage of my income. 35% is only the begining, since you don’t have the write offs you would have with a lower tax bracket.

Indeed, I bought into the whole “rich” don’t pay taxes thing my whole life until I made enough money to not only realize that is a bunch of crap, but to conclude that the rich pay way to much of the tax liablility in this country.

I am not crying publically here, but that notion is simply not ture. The opposite is. Seeing how many $$ I inject into our government bank account makes me that much more sensitive about what the government does with it.

I heard our governor say at his state of the state address that we should not rely so much on wealthy Californian’s paying so much of our state budget through their high taxes. His point was that, if the rich have a bad year, so does California and California’s health should not depend on a few wealthy Californians.

Again I don’t consider myself rich my any means, but I would not want to stick it further to those I do consider rich. Those are the folks who own the companies that employ us. Their contributions to the economy provide job opportunities for others and inject lots of $$ into our economy through a free market system, which improves the standard of living. Taking from them and giving it to an inefficiently run government will not make things better for us.

Ok. I was preaching. Apologies. Preaching always involves ad hominum generalizations to make a point, which begs rhetorical response. I will stop now.

[raptorduck]

fat_lazy and ucodogen. I will put in my 2 cent to the rich paying no taxes side thread.

I don’t claim to be rich by any means, but I have been an AMT taxpayer for a decade and I have a very very good accountant. I have no deductions/exemptions (via either AMT exclusion or regular tax rate phase out), no loopholes, and pay way too much tax as a percentage of my income. 35% is only the begining, since you don’t have the write offs you would have with a lower tax bracket.

Indeed, I bought into the whole “rich” don’t pay taxes thing my whole life until I made enough money to not only realize that is a bunch of crap, but to conclude that the rich pay way to much of the tax liablility in this country.

I am not crying publically here, but that notion is simply not ture. The opposite is. Seeing how many $$ I inject into our government bank account makes me that much more sensitive about what the government does with it.

I heard our governor say at his state of the state address that we should not rely so much on wealthy Californian’s paying so much of our state budget through their high taxes. His point was that, if the rich have a bad year, so does California and California’s health should not depend on a few wealthy Californians.

Again I don’t consider myself rich my any means, but I would not want to stick it further to those I do consider rich. Those are the folks who own the companies that employ us. Their contributions to the economy provide job opportunities for others and inject lots of $$ into our economy through a free market system, which improves the standard of living. Taking from them and giving it to an inefficiently run government will not make things better for us.

Ok. I was preaching. Apologies. Preaching always involves ad hominum generalizations to make a point, which begs rhetorical response. I will stop now.

[raptorduck]

fat_lazy and ucodogen. I will put in my 2 cent to the rich paying no taxes side thread.

I don’t claim to be rich by any means, but I have been an AMT taxpayer for a decade and I have a very very good accountant. I have no deductions/exemptions (via either AMT exclusion or regular tax rate phase out), no loopholes, and pay way too much tax as a percentage of my income. 35% is only the begining, since you don’t have the write offs you would have with a lower tax bracket.

Indeed, I bought into the whole “rich” don’t pay taxes thing my whole life until I made enough money to not only realize that is a bunch of crap, but to conclude that the rich pay way to much of the tax liablility in this country.

I am not crying publically here, but that notion is simply not ture. The opposite is. Seeing how many $$ I inject into our government bank account makes me that much more sensitive about what the government does with it.

I heard our governor say at his state of the state address that we should not rely so much on wealthy Californian’s paying so much of our state budget through their high taxes. His point was that, if the rich have a bad year, so does California and California’s health should not depend on a few wealthy Californians.

Again I don’t consider myself rich my any means, but I would not want to stick it further to those I do consider rich. Those are the folks who own the companies that employ us. Their contributions to the economy provide job opportunities for others and inject lots of $$ into our economy through a free market system, which improves the standard of living. Taking from them and giving it to an inefficiently run government will not make things better for us.

Ok. I was preaching. Apologies. Preaching always involves ad hominum generalizations to make a point, which begs rhetorical response. I will stop now.

[raptorduck]

fat_lazy and ucodogen. I will put in my 2 cent to the rich paying no taxes side thread.

I don’t claim to be rich by any means, but I have been an AMT taxpayer for a decade and I have a very very good accountant. I have no deductions/exemptions (via either AMT exclusion or regular tax rate phase out), no loopholes, and pay way too much tax as a percentage of my income. 35% is only the begining, since you don’t have the write offs you would have with a lower tax bracket.

Indeed, I bought into the whole “rich” don’t pay taxes thing my whole life until I made enough money to not only realize that is a bunch of crap, but to conclude that the rich pay way to much of the tax liablility in this country.

I am not crying publically here, but that notion is simply not ture. The opposite is. Seeing how many $$ I inject into our government bank account makes me that much more sensitive about what the government does with it.

I heard our governor say at his state of the state address that we should not rely so much on wealthy Californian’s paying so much of our state budget through their high taxes. His point was that, if the rich have a bad year, so does California and California’s health should not depend on a few wealthy Californians.

Again I don’t consider myself rich my any means, but I would not want to stick it further to those I do consider rich. Those are the folks who own the companies that employ us. Their contributions to the economy provide job opportunities for others and inject lots of $$ into our economy through a free market system, which improves the standard of living. Taking from them and giving it to an inefficiently run government will not make things better for us.

Ok. I was preaching. Apologies. Preaching always involves ad hominum generalizations to make a point, which begs rhetorical response. I will stop now.

[raptorduck]

fat_lazy and ucodogen. I will put in my 2 cent to the rich paying no taxes side thread.

I don’t claim to be rich by any means, but I have been an AMT taxpayer for a decade and I have a very very good accountant. I have no deductions/exemptions (via either AMT exclusion or regular tax rate phase out), no loopholes, and pay way too much tax as a percentage of my income. 35% is only the begining, since you don’t have the write offs you would have with a lower tax bracket.

Indeed, I bought into the whole “rich” don’t pay taxes thing my whole life until I made enough money to not only realize that is a bunch of crap, but to conclude that the rich pay way to much of the tax liablility in this country.

I am not crying publically here, but that notion is simply not ture. The opposite is. Seeing how many $$ I inject into our government bank account makes me that much more sensitive about what the government does with it.

I heard our governor say at his state of the state address that we should not rely so much on wealthy Californian’s paying so much of our state budget through their high taxes. His point was that, if the rich have a bad year, so does California and California’s health should not depend on a few wealthy Californians.

Again I don’t consider myself rich my any means, but I would not want to stick it further to those I do consider rich. Those are the folks who own the companies that employ us. Their contributions to the economy provide job opportunities for others and inject lots of $$ into our economy through a free market system, which improves the standard of living. Taking from them and giving it to an inefficiently run government will not make things better for us.

Ok. I was preaching. Apologies. Preaching always involves ad hominum generalizations to make a point, which begs rhetorical response. I will stop now.

[Coronita]

Ok ucodogen and raptorduck ,

I guess I have to take both of your words, because frankly I can't relate :)…I don't think I meant to say rich people pay NO taxes. I just felt talking to advisors and whatnot that the conversations usually resulted in "sorry, your assets and current employment predicament being on a w-2, though a sizeable w-2 doesn't allow me to play with much to avoid taxes, unlike client XYZ which does most of their business in RE and recognizes very little income"

I suppose my advisor(s) was b.s.ing me. For the record, I do know what getting hit with AMT is about, because I've been hit pretty much every year for the past couple of years, both married and single…Though I i really don't feel rich. Though the ironic part is the larger the mortgage interest deduction on my primary, the less AMT I would have ended up paying (not that much, a few thousand), even with the itemized deduction phase out.

I just thought executives had access to things like deferred compensation plans, zero interest loans from companies, etc that somehow allowed them to skew income, etc though I'm not an accountant or really smart enough to know.

And by no means do I think rich people should get hit with a bigger tax. Quite contrary, I believe for better or worse that most people who are rich probably got there through some merit, and do keep the rest of the economy going. I'm just peeved the government keeps classify me and my family as rich when we aren't. I hate government that acts like robin hood. Pelosi, with all due respect, scares thecrap out of me.

Anyway, end vent. Time to get off my lazy union -ss.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Ok ucodogen and raptorduck ,

I guess I have to take both of your words, because frankly I can't relate :)…I don't think I meant to say rich people pay NO taxes. I just felt talking to advisors and whatnot that the conversations usually resulted in "sorry, your assets and current employment predicament being on a w-2, though a sizeable w-2 doesn't allow me to play with much to avoid taxes, unlike client XYZ which does most of their business in RE and recognizes very little income"

I suppose my advisor(s) was b.s.ing me. For the record, I do know what getting hit with AMT is about, because I've been hit pretty much every year for the past couple of years, both married and single…Though I i really don't feel rich. Though the ironic part is the larger the mortgage interest deduction on my primary, the less AMT I would have ended up paying (not that much, a few thousand), even with the itemized deduction phase out.

I just thought executives had access to things like deferred compensation plans, zero interest loans from companies, etc that somehow allowed them to skew income, etc though I'm not an accountant or really smart enough to know.

And by no means do I think rich people should get hit with a bigger tax. Quite contrary, I believe for better or worse that most people who are rich probably got there through some merit, and do keep the rest of the economy going. I'm just peeved the government keeps classify me and my family as rich when we aren't. I hate government that acts like robin hood. Pelosi, with all due respect, scares thecrap out of me.

Anyway, end vent. Time to get off my lazy union -ss.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Ok ucodogen and raptorduck ,

I guess I have to take both of your words, because frankly I can't relate :)…I don't think I meant to say rich people pay NO taxes. I just felt talking to advisors and whatnot that the conversations usually resulted in "sorry, your assets and current employment predicament being on a w-2, though a sizeable w-2 doesn't allow me to play with much to avoid taxes, unlike client XYZ which does most of their business in RE and recognizes very little income"

I suppose my advisor(s) was b.s.ing me. For the record, I do know what getting hit with AMT is about, because I've been hit pretty much every year for the past couple of years, both married and single…Though I i really don't feel rich. Though the ironic part is the larger the mortgage interest deduction on my primary, the less AMT I would have ended up paying (not that much, a few thousand), even with the itemized deduction phase out.

I just thought executives had access to things like deferred compensation plans, zero interest loans from companies, etc that somehow allowed them to skew income, etc though I'm not an accountant or really smart enough to know.

And by no means do I think rich people should get hit with a bigger tax. Quite contrary, I believe for better or worse that most people who are rich probably got there through some merit, and do keep the rest of the economy going. I'm just peeved the government keeps classify me and my family as rich when we aren't. I hate government that acts like robin hood. Pelosi, with all due respect, scares thecrap out of me.

Anyway, end vent. Time to get off my lazy union -ss.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Ok ucodogen and raptorduck ,

I guess I have to take both of your words, because frankly I can't relate :)…I don't think I meant to say rich people pay NO taxes. I just felt talking to advisors and whatnot that the conversations usually resulted in "sorry, your assets and current employment predicament being on a w-2, though a sizeable w-2 doesn't allow me to play with much to avoid taxes, unlike client XYZ which does most of their business in RE and recognizes very little income"

I suppose my advisor(s) was b.s.ing me. For the record, I do know what getting hit with AMT is about, because I've been hit pretty much every year for the past couple of years, both married and single…Though I i really don't feel rich. Though the ironic part is the larger the mortgage interest deduction on my primary, the less AMT I would have ended up paying (not that much, a few thousand), even with the itemized deduction phase out.

I just thought executives had access to things like deferred compensation plans, zero interest loans from companies, etc that somehow allowed them to skew income, etc though I'm not an accountant or really smart enough to know.

And by no means do I think rich people should get hit with a bigger tax. Quite contrary, I believe for better or worse that most people who are rich probably got there through some merit, and do keep the rest of the economy going. I'm just peeved the government keeps classify me and my family as rich when we aren't. I hate government that acts like robin hood. Pelosi, with all due respect, scares thecrap out of me.

Anyway, end vent. Time to get off my lazy union -ss.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Ok ucodogen and raptorduck ,

I guess I have to take both of your words, because frankly I can't relate :)…I don't think I meant to say rich people pay NO taxes. I just felt talking to advisors and whatnot that the conversations usually resulted in "sorry, your assets and current employment predicament being on a w-2, though a sizeable w-2 doesn't allow me to play with much to avoid taxes, unlike client XYZ which does most of their business in RE and recognizes very little income"

I suppose my advisor(s) was b.s.ing me. For the record, I do know what getting hit with AMT is about, because I've been hit pretty much every year for the past couple of years, both married and single…Though I i really don't feel rich. Though the ironic part is the larger the mortgage interest deduction on my primary, the less AMT I would have ended up paying (not that much, a few thousand), even with the itemized deduction phase out.

I just thought executives had access to things like deferred compensation plans, zero interest loans from companies, etc that somehow allowed them to skew income, etc though I'm not an accountant or really smart enough to know.

And by no means do I think rich people should get hit with a bigger tax. Quite contrary, I believe for better or worse that most people who are rich probably got there through some merit, and do keep the rest of the economy going. I'm just peeved the government keeps classify me and my family as rich when we aren't. I hate government that acts like robin hood. Pelosi, with all due respect, scares thecrap out of me.

Anyway, end vent. Time to get off my lazy union -ss.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[KIBU]

Welcome all to the Socialist Republic of USA. We are heading toward communism soon. Those who save money and have no assets will be robbed off soon by inflation and taxes.

I am believing more and more that people on this site including me are the ones who will be left behind renting for a while more.

[KIBU]

Welcome all to the Socialist Republic of USA. We are heading toward communism soon. Those who save money and have no assets will be robbed off soon by inflation and taxes.

I am believing more and more that people on this site including me are the ones who will be left behind renting for a while more.

[KIBU]

Welcome all to the Socialist Republic of USA. We are heading toward communism soon. Those who save money and have no assets will be robbed off soon by inflation and taxes.

I am believing more and more that people on this site including me are the ones who will be left behind renting for a while more.

[KIBU]

Welcome all to the Socialist Republic of USA. We are heading toward communism soon. Those who save money and have no assets will be robbed off soon by inflation and taxes.

I am believing more and more that people on this site including me are the ones who will be left behind renting for a while more.

[Author]

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