questioning the option arm timebomb thesis

[sdrealtor]

I would also tend to beleive that 50% or more of the OA’s originated during or prior to 2006 are already gone.

FYI, Its not always tax fraud but rather savy tax planning using corporations and agressive interpretation (but not fraudulent) of tax codes.

Another example. My 80 yr old uncle will show about $20K on his tax return this year. He and my aunt are in assisted living and everything is paid for by long term care insurance. There are no minimum distributions on his IRA’s this year which would be well into 6 figures. He would have a hard time getting a $200K loan for a condo. He could pay cash for the whole complex.

[Eugene]

[quote=sdrealtor]
Another example. My 80 yr old uncle will show about $20K on his tax return this year. He and my aunt are in assisted living and everything is paid for by long term care insurance. There are no minimum distributions on his IRA’s this year which would be well into 6 figures. He would have a hard time getting a $200K loan for a condo. He could pay cash for the whole complex.[/quote]

Shouldn’t they have at least 40K in social security income?

[Eugene]

[quote=sdrealtor]
Another example. My 80 yr old uncle will show about $20K on his tax return this year. He and my aunt are in assisted living and everything is paid for by long term care insurance. There are no minimum distributions on his IRA’s this year which would be well into 6 figures. He would have a hard time getting a $200K loan for a condo. He could pay cash for the whole complex.[/quote]

Shouldn’t they have at least 40K in social security income?

[Eugene]

[quote=sdrealtor]
Another example. My 80 yr old uncle will show about $20K on his tax return this year. He and my aunt are in assisted living and everything is paid for by long term care insurance. There are no minimum distributions on his IRA’s this year which would be well into 6 figures. He would have a hard time getting a $200K loan for a condo. He could pay cash for the whole complex.[/quote]

Shouldn’t they have at least 40K in social security income?

[Eugene]

[quote=sdrealtor]
Another example. My 80 yr old uncle will show about $20K on his tax return this year. He and my aunt are in assisted living and everything is paid for by long term care insurance. There are no minimum distributions on his IRA’s this year which would be well into 6 figures. He would have a hard time getting a $200K loan for a condo. He could pay cash for the whole complex.[/quote]

Shouldn’t they have at least 40K in social security income?

[Eugene]

[quote=sdrealtor]
Another example. My 80 yr old uncle will show about $20K on his tax return this year. He and my aunt are in assisted living and everything is paid for by long term care insurance. There are no minimum distributions on his IRA’s this year which would be well into 6 figures. He would have a hard time getting a $200K loan for a condo. He could pay cash for the whole complex.[/quote]

Shouldn’t they have at least 40K in social security income?

[sdrealtor]

40K social security? Thats way too high. My aunt never worked a day. He sold his business and retired at 55. I think he gets about 1800/month.

[sdrealtor]

40K social security? Thats way too high. My aunt never worked a day. He sold his business and retired at 55. I think he gets about 1800/month.

[sdrealtor]

40K social security? Thats way too high. My aunt never worked a day. He sold his business and retired at 55. I think he gets about 1800/month.

[sdrealtor]

40K social security? Thats way too high. My aunt never worked a day. He sold his business and retired at 55. I think he gets about 1800/month.

[sdrealtor]

40K social security? Thats way too high. My aunt never worked a day. He sold his business and retired at 55. I think he gets about 1800/month.

[blahblahblah]

It’s fascinating to me how many ‘respectable’ pillars of society accept obvious income tax fraud as perfectly normal.

Understanding the volume of income tax fraud is key to understanding how so many of those around you are living so well. It is at epidemic proportions around here.

[blahblahblah]

It’s fascinating to me how many ‘respectable’ pillars of society accept obvious income tax fraud as perfectly normal.

Understanding the volume of income tax fraud is key to understanding how so many of those around you are living so well. It is at epidemic proportions around here.

[blahblahblah]

It’s fascinating to me how many ‘respectable’ pillars of society accept obvious income tax fraud as perfectly normal.

Understanding the volume of income tax fraud is key to understanding how so many of those around you are living so well. It is at epidemic proportions around here.

[blahblahblah]

It’s fascinating to me how many ‘respectable’ pillars of society accept obvious income tax fraud as perfectly normal.

Understanding the volume of income tax fraud is key to understanding how so many of those around you are living so well. It is at epidemic proportions around here.

[Author]

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