Honda Generators

Idiot. So Goldman get rich. Is that really your solution?

Only? That's 2.2T of ~3T over two years (that they'll admit to).

> (the comments are good too)

Idiot.

Why can't you write a simple English sentence?

"They're coming to take you away, ha ha..."

Wrong. You've already done the paperwork.

It's up to the states. The feds treat them the same.

That is your interpretation. The govt has no difficulty selling treasuries.

It has been more than a year since QE ended.

It's an attempt to avoid the relevant facts.

It is what it is. Do you think I'm in control?

Not really. The IRS **presumes** that an activity is carried on for profit if it makes a profit during at least three of the last five tax years, including the current year. Before the ruling it was 3 of 5 or it was a hobby. Period The tax court ruled that the IRS could assume that but the taxpayer could overturn that assumption if they could prove there was profit motive or that the alleged hobby was carried on in a business-like manner. If so, the years of loss were beside the point. One ruling said a guy's losses over 12 years on his ski lodge did not make it hobby. The owner did not casually shell out money for the lodge. He had studied the skiing industry before building the lodge and, once open, showed his intention to operate it in a businesslike way by, among other things, trying to generate rentals through listings with real estate brokers and newspaper advertisements. Unlike the IRS, the judge readily discovered a plausible reason for the slump in rental income - increased competition from other investors who saturated the area with competing lodges. The judge was not disposed to fault Allen for lacking a crystal ball clear enough to forecast several years of below-average snowfall.

He also tried to trim losses by switching from overnight to seasonal renting and seldom stayed over night in the lodge. The can try, and more often then not perhaps, succeed in reclassifying it a hobby. But, as with things prior to the Court ruling, they can't just say 3 of 5 and you are outta there!!!

The discussion I saw here was about US taxes in general.

=A0And if your neighbor

And who says you can't deduct the cost of materials unless it's a "licensed business" Licensed by whom? Many businesses are not licensed, particularly home based ones.

> >

Interest payments by the federal govt are lower than they have been for decades. When Reagan was president federal interest pay outs were over 3% of GDP. Today they are about half that.

Yeah, when RR took over from Carter (D-GA), interest rates were north of

13%. If they are indeed half that, given that current interest rates are running around a 1/4 of that, it would seem that the amount owed is MUCH higher. Just saying.

Of course it is higher. When Reagan was president he borrowed more than all the presidents before him by the end of his first term. And it has grown a lot since. But the burden of interest is half what it was back then so any claim that the interest is an undue burden is suspect.

Fine, Jim, you go on believing that the government is solvent. The next couple of decades are going to be _real_ bad.

..and Obama has made both Reagan and Bush look like pikers.

Do you think interest rates can stay where they are forever? Idiot.

The IRS has guns, they can fabricate an amount and demand it. O_o

TDD

I'm reminded of the often screwy rules the IRS enforces. If a famous artist donates a painting to an institution that is worth millions on the art market, the IRS will only allow the artist to deduct the cost of the paint, canvas/media, frame and brushes. O_o

TDD

I seem to recall something called an "ad valorem tax" where a business must pay a tax on the value of its assets like tools and equipment used in the operation of the business. That one always struck me as odd. O_o

TDD

Start a union in the NDC. ^_^

TDD

Cool, you know of what I speak. ^_^

TDD

"The Daring Dufas" wrote in message news:k027lp$ktq$ snipped-for-privacy@dont-email.me...

The inventory tax punishes utilities for stockpiling spares for disasters.

That's just as stupid as FEMA blocking the tankers.

Christopher A. Young Learn more about Jesus

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The inventory tax punishes utilities for stockpiling spares for disasters.