2018 Midterm Election Thread

#2,076
#2,076
McDad said:
Ok. I wanna copy whatever that was doing.
Rental income is unearned income. As such there is a different tax on it. There is less money going to taxes with unearned income but it is taxed. Sometimes that tax can be offset with depreciation, capital improvements, equipment purchases, or losses in the portfolio.
Real estate taxes are also deducted but must be paid regardless of the condition or occupancy of the property.
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You will have to do this in English for the resident libs.
 
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#2,077
#2,077
luthervol said:
Sure it can. It always has been and always will be.
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You're right. The law can change and that must go through a process. The administration of the law cannot change based on ever changing societal standards.
Your guys should have changed the law when they ran everything for 2 years.
Since they didn't your ideas about what is fair are pointless
 
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#2,079
#2,079
McDad said:
Ok. I wanna copy whatever that was doing.
Rental income is unearned income. As such there is a different tax on it. There is less money going to taxes with unearned income but it is taxed. Sometimes that tax can be offset with depreciation, capital improvements, equipment purchases, or losses in the portfolio.
Real estate taxes are also deducted but must be paid regardless of the condition or occupancy of the property.
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Did you read the article about how it is possible to pay $0 on income from borrowed money?
 
#2,081
#2,081
Mick said:
Did you read the article about how it is possible to pay $0 on income from borrowed money?
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No. But that is true. Loaned money isnt taxed to the borrower. In fact, i will be borrowing money from my small company today to pay my personal taxes im sending today.
Should i pay income tax on the money i borrow? In fact, why should either of us pay tax on money borrowed for a home or car?
Unfortunately, borrowing from your corp isnt a free money supply. It has to be structured as any other loan like from a 3rd party lender. And, the corporation is taxed on the loaned money. Also, if the corp doesnt show a profit, it cannot loan money.
 
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#2,082
#2,082
McDad said:
Happy to if they want me to.
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I have a rental property that I own. I have to pay those taxes, but it seems the loophole is that he can deduct the depreciation from an asset he is partial owner of in full. This loophole is over my head though.
 
#2,083
#2,083
McDad said:
No. But that is true. Loaned money isnt taxed to the borrower. In fact, i will be borrowing money from my small company today to pay my personal taxes im sending today.
Should i pay income tax on the money i borrow? In fact, why should either of us pay tax on money borrowed for a home or car?
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If you can afford to pay interest on things you need you can afford to pay more taxes?
 
#2,084
#2,084
luthervol said:
Are you nuts? I gave you the dictionary definition. Not good enough? Why?
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I'm genuinely asking. Have you had a head injury? Because I will stop wasting my time discussing with you if you are genuinely this much of a simpleton.

I've asked you a half dozen times to give a rational and logical defense for your STANDARD of "fair" share--i.e. that the richer one is, the more they owe society. You initially tried, but couldn't rationally and logically make your argument.

You then said that it is personal opinion. You whined that it's unfair to ask you to rationally support your opinion, even though one should expect such if they hope to have their opinion used as the standard by which personal property is forcibly taken from members of society.

You then called it a social construct. This was after you said that the current social construct isn't fair. (Hint: You said that "fair" is defined by society, then called society's definition not "fair".)

Then you whined more claiming that I was asking you to give the impossible.

Then you claimed that the intellectual failure was on me, even though the conversation is in black and white for anyone to read.

Now, you are claiming to have given the definition you claimed couldn't be given by equivocating away from the logical standard I'm asking for, to the webster definition of a word used in the discussion.

So, again... If you are a mechanically broken simpleton, please tell me now. I will lay off and save us both some time. If you're just an idealistically broken liberal...


Please give me a logical defense of your standard for "fair share" that you would use to steal from others.

Thanks.
 
#2,086
#2,086
Mick said:
I have a rental property that I own. I have to pay those taxes, but it seems the loophole is that he can deduct the depreciation from an asset he is partial owner of in full.
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Is his ownership in the asset structured as an LLC?
 
#2,087
#2,087
C-south said:
If you can afford to pay interest on things you need you can afford to pay more taxes?
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I understand your words but i dont think i fully grasp your question.
Ill take a stab though.
No. If i can afford interest it doesnt necessarily dictate that i can (or should) afford more in taxes.
 
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#2,089
#2,089
McDad said:
I understand your words but i dont think i fully grasp your question.
Ill take a stab though.
No. If i can afford interest it doesnt necessarily dictate that i can (or should) afford more in taxes.
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I was being a little facetious. We pay too much in taxes now (at least the ones that pay) and I figured one of the “fair share” guys would think if you can pay interest on a loan then you can pay more in taxes. :)
 
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#2,091
#2,091
Mick said:
That I don't know. It's over my pay grade and well over my head how he is able to pay little to nothing. I guess those are rich people's problems.
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Im a little over my depth too, tbh.
I dont know how 2 or more people could share an asset and both claim full depreciation (or operating loss) related to the asset. Maybe at that level of accounting, there is a way for the principals to divide up the profits and losses.
For example, maybe it is possible you and i own a commercial complex. And we have a verbal agreement for you to keep the revenue but i get the depreciation???
 
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#2,092
#2,092
SpaceCoastVol said:
10% of ALL income paid in taxes. No deductions. However. Must be via Consyitutional amendment. Everybody pays. If you dont pay, you do not have the right to vote either.

That's "fair"
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the only reason I don't like the tax=vote thing is it can quickly become a case of well you didn't pay X% or X$ so you don't get a vote. its won't stay a yes no qualification but becomes a sliding rule.

also just because they don't pay income tax doesn't mean they don't pay taxes. or even federal taxes. you would be hard stretched to find anyone who truly didn't pay taxes directly.
 
#2,095
#2,095
FLVOL_79 said:
Electoral college smart guy. He didnt win "the popular vote" much to your eternal dismay.
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And again the conversation at hand has nothing to do with the EC. It's about your or someone else's statement that Democrats are the biggest recipients of welfare. So far you have presented nothing to back up that statement.
 
#2,096
#2,096
Mick said:
And again the conversation at hand has nothing to do with the EC. It's about your or someone else's statement that Democrats are the biggest recipients of welfare. So far you have presented nothing to back up that statement.
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I have literally provided you with all the data necessary. It isn't my fault you cannot interpret data correctly.

And when did you people start requiring evidence to back up statements?? lollololol
 
#2,097
#2,097
FLVOL_79 said:
I have literally provided you with all the data necessary. It isn't my fault you cannot interpret data correctly.

And when did you people start requiring evidence to back up statements?? lollololol
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When people start making statements as facts and have nothing to back it up. For proper interpretation you have to keep your bias feelz out of the analysis. So far you analysis is tainted with bias interpretations that does not back up your hypothesis.
 
#2,098
#2,098
Mick said:
When people start making statements as facts and have nothing to back it up. For proper interpretation you have to keep your bias feelz out of the analysis. So far you analysis is tainted with bias interpretations that does not back up your hypothesis.
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This is hilarious. Mick put me on ignore specifically because I held him to this standard. lol
 
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#2,099
#2,099
Sitting here at a conference listening to a political operative who says the Blue Wave is overblown, but the millennial Wave in 2020 is an unstoppable train and the makeup of elected officials will instantly change.

Says midterm average for out of power party in Congress in an off year is +30 in the house and +4in the Senate. He expects +20-25 and -3.
 
#2,100
#2,100
GAVol said:
Sitting here at a conference listening to a political operative who says the Blue Wave is overblown, but the millennial Wave in 2020 is an unstoppable train and the makeup of elected officials will instantly change.
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Elected officials going to a clown makeup?
More appropriate, imo.
 
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