Forum Replies Created
-
AuthorPosts
-
lifeizfunhuh
Participant[quote=surveyor
See, that $2 trillion is not yours. You don’t have a right to it. It’s not the U.S. government’s. It’s theirs. And unless they see a way to create something with that money, they ain’t doing nothing with it, no matter how many loopholes you close or tax rates you raise.[/quote]
Surveyor,
As an individual on here who does my best to legally lower my tax bill, I agree with your sentiments. As an individual and a business owner (attorney), I hate every attempt by government to abscond my hard earned money. I agree that private individuals are (theoretically) far better equipped to spend the “profits” generated from business activity. Here is the problem: 1) A good accountant (I have one) can take anything that would by any fair estimation be a “profit” and transfer it, lend it, spend it, or invest it in such a way that the “profit” disappears. It’s the nature of an accounting system that taxes revenue – costs. Increase the “costs”, and the profit goes away. You can’t blame businesses or individuals from using the law to their advantage. Can you? (The Supreme Court says no).
The problem then is not with the businesses/individuals that legally pay little or not taxes. The problem is with the tax system. I think what gets everyone so upset is that the tax system is set up so that not all participants have equal access to tax lowering strategies. It is intentionally structured to favor wealthy individuals and corporations (that pay wealthy individuals in stock, dividends and capital gains). The thing that (rightfully) pisses people off is that the brunt of our nation’s tax revenue is generated by the bottom 80% of citizens who take home about 40% of income (and control a far lesser portion of wealth). This is bad social policy because it artificially concentrates wealth to those at the top.
So I think if you boil it all down, the gripe is this: why does someone making 50k/year pay 30% taxes, while someone making millions pays 5% (estimates)? As JFK famously said: “to whom much is given, much is expected.”
As a caveat to all this, in a truly global economy where money moves across borders in the blink of an eye, there is nothing one country can do. If the U.S. makes their tax system more “fair”, some other country will accommodate, and money will flow to that other country. So basically, the rich will always oppress the poor. It has always been that way, and it always will be.
ParticipantFor all you PL buffs, the below house was on the market for a while, but was recently taken off due to I think a high, (but not outrageous) price. I consider it one of the finest homes in SC, and if still looking in the area, would not hesitate to put feelers out to the owners. FANTASTIC!!!
http://www.zillow.com/homedetails/4584-Granger-St-San-Diego-CA-92107/17060860_zpid/
Please let me know if anyone gets any action on this property.
ParticipantFor all you PL buffs, the below house was on the market for a while, but was recently taken off due to I think a high, (but not outrageous) price. I consider it one of the finest homes in SC, and if still looking in the area, would not hesitate to put feelers out to the owners. FANTASTIC!!!
http://www.zillow.com/homedetails/4584-Granger-St-San-Diego-CA-92107/17060860_zpid/
Please let me know if anyone gets any action on this property.
ParticipantFor all you PL buffs, the below house was on the market for a while, but was recently taken off due to I think a high, (but not outrageous) price. I consider it one of the finest homes in SC, and if still looking in the area, would not hesitate to put feelers out to the owners. FANTASTIC!!!
http://www.zillow.com/homedetails/4584-Granger-St-San-Diego-CA-92107/17060860_zpid/
Please let me know if anyone gets any action on this property.
ParticipantFor all you PL buffs, the below house was on the market for a while, but was recently taken off due to I think a high, (but not outrageous) price. I consider it one of the finest homes in SC, and if still looking in the area, would not hesitate to put feelers out to the owners. FANTASTIC!!!
http://www.zillow.com/homedetails/4584-Granger-St-San-Diego-CA-92107/17060860_zpid/
Please let me know if anyone gets any action on this property.
ParticipantFor all you PL buffs, the below house was on the market for a while, but was recently taken off due to I think a high, (but not outrageous) price. I consider it one of the finest homes in SC, and if still looking in the area, would not hesitate to put feelers out to the owners. FANTASTIC!!!
http://www.zillow.com/homedetails/4584-Granger-St-San-Diego-CA-92107/17060860_zpid/
Please let me know if anyone gets any action on this property.
ParticipantIgnore the point loma bashers. Until very recently, I lived in an enclave of PL called Sunset Cliffs, which my wife and I consider to be the best neighborhood in the city. If you look on a map of PL, it is west of Catalina and south of Point Loma AVE (not blvd). It is a serene and quiet hillside community overlooking the P. ocean. If you work downtown like I do, you can be at your office in 10-15 minutes. SC is also very safe provided you stay within its bounds.
I agree that other parts of PL are less desirable, but if you are up on the hill you will have a nice view either of downtown (east side of hill), or in the cliffs (west side of hill) you have the ocean.
750-850k buys you less than in other parts of SD (2br, 2000sf was a good buy several months ago), but if location is important to you, there isn’t a better place in the whole city.
ParticipantIgnore the point loma bashers. Until very recently, I lived in an enclave of PL called Sunset Cliffs, which my wife and I consider to be the best neighborhood in the city. If you look on a map of PL, it is west of Catalina and south of Point Loma AVE (not blvd). It is a serene and quiet hillside community overlooking the P. ocean. If you work downtown like I do, you can be at your office in 10-15 minutes. SC is also very safe provided you stay within its bounds.
I agree that other parts of PL are less desirable, but if you are up on the hill you will have a nice view either of downtown (east side of hill), or in the cliffs (west side of hill) you have the ocean.
750-850k buys you less than in other parts of SD (2br, 2000sf was a good buy several months ago), but if location is important to you, there isn’t a better place in the whole city.
ParticipantIgnore the point loma bashers. Until very recently, I lived in an enclave of PL called Sunset Cliffs, which my wife and I consider to be the best neighborhood in the city. If you look on a map of PL, it is west of Catalina and south of Point Loma AVE (not blvd). It is a serene and quiet hillside community overlooking the P. ocean. If you work downtown like I do, you can be at your office in 10-15 minutes. SC is also very safe provided you stay within its bounds.
I agree that other parts of PL are less desirable, but if you are up on the hill you will have a nice view either of downtown (east side of hill), or in the cliffs (west side of hill) you have the ocean.
750-850k buys you less than in other parts of SD (2br, 2000sf was a good buy several months ago), but if location is important to you, there isn’t a better place in the whole city.
ParticipantIgnore the point loma bashers. Until very recently, I lived in an enclave of PL called Sunset Cliffs, which my wife and I consider to be the best neighborhood in the city. If you look on a map of PL, it is west of Catalina and south of Point Loma AVE (not blvd). It is a serene and quiet hillside community overlooking the P. ocean. If you work downtown like I do, you can be at your office in 10-15 minutes. SC is also very safe provided you stay within its bounds.
I agree that other parts of PL are less desirable, but if you are up on the hill you will have a nice view either of downtown (east side of hill), or in the cliffs (west side of hill) you have the ocean.
750-850k buys you less than in other parts of SD (2br, 2000sf was a good buy several months ago), but if location is important to you, there isn’t a better place in the whole city.
ParticipantIgnore the point loma bashers. Until very recently, I lived in an enclave of PL called Sunset Cliffs, which my wife and I consider to be the best neighborhood in the city. If you look on a map of PL, it is west of Catalina and south of Point Loma AVE (not blvd). It is a serene and quiet hillside community overlooking the P. ocean. If you work downtown like I do, you can be at your office in 10-15 minutes. SC is also very safe provided you stay within its bounds.
I agree that other parts of PL are less desirable, but if you are up on the hill you will have a nice view either of downtown (east side of hill), or in the cliffs (west side of hill) you have the ocean.
750-850k buys you less than in other parts of SD (2br, 2000sf was a good buy several months ago), but if location is important to you, there isn’t a better place in the whole city.
ParticipantJP,
The purchase is going to look like very good financial planning in a few years. According to a breakthrough inflation measurement tool developed by brainiacs over at MIT, prices in this country have increased by 2% in just six weeks! In other words, prices are going “parabolic.” And that means it is a good time to have low, fixed rate debt, as much as you can. You traded a fixed cash flow with decreasing value for a physical asset. 2% inflation in six weeks is roughly 17% annual inflation before compounding. That’s a LOT.
Historically, in periods of high inflation, real estate is one of the best places to be. But even if that is not the case, your costs are fixed. So relax about your finances, enjoy the tax deduction while you can, and welcome to the club of fellow knife-catchers!!! Well played.
PS, the MIT data is available here:
http://bpp.mit.edu/daily-price-indexes/ParticipantJP,
The purchase is going to look like very good financial planning in a few years. According to a breakthrough inflation measurement tool developed by brainiacs over at MIT, prices in this country have increased by 2% in just six weeks! In other words, prices are going “parabolic.” And that means it is a good time to have low, fixed rate debt, as much as you can. You traded a fixed cash flow with decreasing value for a physical asset. 2% inflation in six weeks is roughly 17% annual inflation before compounding. That’s a LOT.
Historically, in periods of high inflation, real estate is one of the best places to be. But even if that is not the case, your costs are fixed. So relax about your finances, enjoy the tax deduction while you can, and welcome to the club of fellow knife-catchers!!! Well played.
PS, the MIT data is available here:
http://bpp.mit.edu/daily-price-indexes/ParticipantJP,
The purchase is going to look like very good financial planning in a few years. According to a breakthrough inflation measurement tool developed by brainiacs over at MIT, prices in this country have increased by 2% in just six weeks! In other words, prices are going “parabolic.” And that means it is a good time to have low, fixed rate debt, as much as you can. You traded a fixed cash flow with decreasing value for a physical asset. 2% inflation in six weeks is roughly 17% annual inflation before compounding. That’s a LOT.
Historically, in periods of high inflation, real estate is one of the best places to be. But even if that is not the case, your costs are fixed. So relax about your finances, enjoy the tax deduction while you can, and welcome to the club of fellow knife-catchers!!! Well played.
PS, the MIT data is available here:
http://bpp.mit.edu/daily-price-indexes/ -
AuthorPosts