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Old 01-07-2018, 03:26 PM   #29
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Originally Posted by garry View Post
The higher cost of diesel is based on the fact OTR truckers will pass the increase to us through higher cost of goods.

If they put the higher tax on gas you would complain in a very loud voice since you would feel it every time you fill up.

Its all political motivated.
Actually we're pretty lucky gas is below $3. We buy just as much when it is $4, or even $4.50. It is what it is.
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Old 01-07-2018, 03:27 PM   #30
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FWIW, this part might be of interest to still-working Airstreamers, full-time or not, quote taken from that same article:

"[the new tax bill will] Lower the tax rates to 20% for qualified business income of certain small businesses that pass on profits to owners and are taxed at individual tax rates."

I haven't verified this, but they appear to be referring to Schedule C filers, which many of us micro-business owners are. The brutal reality of being taxed this way is that my marginal effective tax rate is exactly 50% on a resoundingly middle-class income (my husband and I handle our own taxes, so I know this for certain). And I live in Texas, which has no state income tax. It's a HUGE disincentive to innovation and small business development generally. It restricts the number of contracts that I choose to accept each year, because beyond a certain relatively low earning point, it's just not worth working only to give that much money away. Certainly not while my husband is employed full-time.

I ran into a fellow business owner in the post office last April and he was absolutely red-faced as he was posting his tax return payment. I asked him what was wrong. He said, "Fifty-one percent - it's obscene!" I replied, "This is Texas, man, it's supposed to be 50%. Where did you come up with your extra 1%?" We couldn't figure out our discrepancy. We had used the same filing software.
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Old 01-07-2018, 05:50 PM   #31
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The funny part about it, over the past 17 years, I’ve purchased paying cash, a 1970 Safari Special, 1966 Overlander and a 1956 Safari Front Kitchen with a total investment of 41,500 which includes all repairs, restoration cost and upkeep along with many others that were flipped to help pay the freight. Those trailers are now worth in a range of $65,000-$95,000. I’ve been able to camp since the very first day of purchase, and most of the time had a “back-up” trailer just in case that could be used.

My personal belief is borrowing money ‘”maybe” fine and can be the right thing to do for taxes, if it’s for a business or something that “appreciates in value” NOT “depreciates in value”(like in a real-estate) no matter how you run the numbers.

I’ve seen to many folks that have job’s or even their own business that when things are going well, buy everything on credit (to write it off). The problem becomes when the economy slows and their business slows with it or they get laid off from their job. Sure, they may have some money in the bank, or the market, but how many of them pull that cash/assets out to pay-off the toys, keep the payments up, etc.… Since they are in survival mode, the toys are “always” the first to go and get repo’d.

I guess, the old saying is out:
“It’s not the man that dies, but the man that dies with the most toys, who wins”

I guess the new saying/belief is in:
“It’s not the man that dies with the most toys, but the man that dies with the most toys “which are not paid for” who truly wins!”

Enjoy,
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Old 01-07-2018, 10:18 PM   #32
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Then you are going to absolutely love this fricken ****..

http://fortune.com/2017/12/20/conser...tion-loophole/

seem you can "give land" away and make a fricken mint doing it.. another scam by both parties.

the rich make sure the rich stay rich on your and mine backs.. plain and simple the reason we need term limits in congress and house.



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Originally Posted by rmkrum View Post
As a Long-time California resident, you are absolutely right in your assessment. Large population of tree-huggers, advocates for this and that, and folks voting for bread and circuses without regard to how to pay for all the giveaways. Been trying to throw the tax and spend types in the state house out for years. I’m real tired of spending my tax dollars on stuff that dead not benefit me or my family...

That hasn’t worked, so eventually I’m going for option #2, just need to decide where...
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Old 01-08-2018, 05:51 AM   #33
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Quote:
Originally Posted by InterBlog View Post
FWIW, this part might be of interest to still-working Airstreamers, full-time or not, quote taken from that same article:

"[the new tax bill will] Lower the tax rates to 20% for qualified business income of certain small businesses that pass on profits to owners and are taxed at individual tax rates."

I haven't verified this, but they appear to be referring to Schedule C filers, which many of us micro-business owners are. The brutal reality of being taxed this way is that my marginal effective tax rate is exactly 50% on a resoundingly middle-class income (my husband and I handle our own taxes, so I know this for certain). And I live in Texas, which has no state income tax. It's a HUGE disincentive to innovation and small business development generally. It restricts the number of contracts that I choose to accept each year, because beyond a certain relatively low earning point, it's just not worth working only to give that much money away. Certainly not while my husband is employed full-time.

I ran into a fellow business owner in the post office last April and he was absolutely red-faced as he was posting his tax return payment. I asked him what was wrong. He said, "Fifty-one percent - it's obscene!" I replied, "This is Texas, man, it's supposed to be 50%. Where did you come up with your extra 1%?" We couldn't figure out our discrepancy. We had used the same filing software.
Get the facts before making assumptions.
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Old 01-08-2018, 07:37 AM   #34
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The use of “conservation easements” have been used big time by the old money folks that live around me. The likes of Melon, Anheuser Busch, Sara Lee Corp. and others currently have 1000’s of acres of land in this “program” and in recent years are always quick to buy up any land that comes available.

Lucky for me, I found a house with 3.5 acres right in the middle of it over 20 years ago, the day it came on the market and wrote a contract. This has become the tool of choice in order not to pay full real-estate taxes on property of which you own. When looking at the tax maps the other day, I saw where one paid less property tax on 150 acres parcel of ground than I do for my 3.5 acre lot. Is it right? I don’t know, but it is nice driving home every day looking at all the wide open space knowing it will never be built on in my lifetime. I’ve already told my 16yrs daughter never to sell it, because she will never be able to get it back.
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Old 01-08-2018, 08:39 AM   #35
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Get the facts before making assumptions.
Oh, I'd like nothing more, but when the better investigative and analytical sources (e.g., Forbes vs. the NYT ) don't quite agree on the "facts" of the final bill's impacts in this regard, it's a challenge.
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Old 01-08-2018, 09:27 AM   #36
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True.
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Old 01-08-2018, 09:29 AM   #37
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Oh, and as a side note to “conservation easements”

When the price goes up in terms of value, it hurts the Federal tax dollars, but only so much.

The real problem becomes when the local land value is now cut to 25% or less on the property from a tax bases. You now have a property where the local county is getting little to no tax dollars for that piece of property. This reduces tax dollars directly to the county coffers, which then affects the local schools, roads, etc.… but that’s really not a problem for them, since their kids are going to private or boarding schools. Right now there is close to 10,000 acres around my house which is in this program.

Due to the school systems in my county (not real good), I too had to pay for my daughter to attend private schools.

Again, love to "Look" at the wide open spaces, and it comes at a cost. But never forget, at least where I live, those wide open spaces are not for the locals, step foot on them and you go to jail real fast.
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Old 01-08-2018, 11:32 AM   #38
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The best solution is to allow a reasonable standard deduction and tax everything else without regard.
Actually, the only fair tax is a consumption tax. Everyone pays, there are no "loopholes" that favor a certain group.
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IMO If I make the money and live in this country, then I should support the general welfare by paying a fair share of taxes.
I'm still trying to get anyone to tell me what my "fair share" is. It appears to be a moving target. Perhaps you can tell me.
Quote:
...and rich folk have no need of my picking up their tab.
Since the "rich" (whatever that is) pay over 70% of the taxes, and the bottom 50% of taxpayers pay nothing. I don't think you're in danger of funding the rich.
Besides, what do the rich do? They buy Airstreams, cars, airplanes, boats, homes, etc. Guess who makes all that stuff? Hard working taxpayers who like having a job.
I remember when some genius decided on a "Luxury tax on yachts". It killed the boating industry in Florida. The rich still bought yachts, just one's made in Italy, Taiwan, and places happy to take their money.

Steve Jobs didn't become a billionaire by stealing i-pads from homeless people.
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Old 01-08-2018, 11:57 AM   #39
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Actually, the only fair tax is a consumption tax. Everyone pays, there are no "loopholes" that favor a certain group. ....
That's not true. Poor pay a disproportionate share of their income for necessities while rich and executives have corporations supply them with luxuries that are deducted. If all the artwork in exec offices were taxed as the property it is...there'd be no need for individual income taxes below middle class.

Another post:"...throw the bums out! Most if not just about all have never worked in the private sector and most likely would not succeed...."
Just like most of the private sector has no knowlege of public-service or gov't and will not succeed in public office because they have no experience there. Our present situation proves that.

As for the idea of having "term limits".... We already HAVE term limits. They're called "Elections". We can keep the ones who peform and who we like...and still throw the BUMS out. What we need to get rid of is citizens-united and lobbyists, ...and institute complete financial reporting of contributors AND candidates.
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Old 01-08-2018, 12:13 PM   #40
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Tax bill implications

It's not a matter of whether you can afford to pay cash or not - rather - it's just how you choose to manage your money. Even if you can afford to write a check for nearly $100k for a new Airstream, you may be in a position where taking this amount of money from an account could translate into ""income"" for you and be taxable in that year. Instead, if you can borrow 3.5% money when your accounts are earning more than 25%, maybe that is the best choice. Either way works - just a note that borrowing at today's low interest rates may be attractive for some people for various reasons. It doesn't mean they don't have the money - it just means they would prefer to keep their money working for them in profitable accounts for as long as this run might last. Just a thought.....
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Old 01-08-2018, 12:31 PM   #41
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That's not true. Poor pay a disproportionate share of their income for necessities while rich and executives have corporations supply them with luxuries that are deducted.
With a consumption tax, there are no deductions. The rich pay much more because they spend more.
Quote:
If all the artwork in exec offices were taxed as the property it is...there'd be no need for individual income taxes below middle class.
With a consumption tax, that artwork would be taxed at the time of purchase.
No need for income taxes below middle class? Didn't you just say everyone needs to pay their "fair share"?

Also, you surely agree that corporations don't pay taxes, they collect them. If you tax a corporation at 40%, it just makes the cost of their product higher, you pay their taxes when you buy that product.

Venezuela ran out all the private corporations. How's that working out?
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Old 01-08-2018, 12:41 PM   #42
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If all the artwork in exec offices were taxed as the property it is...there'd be no need for individual income taxes below middle class.
That's just silly.
As a matter of fact, If you taxed all millionaires at 100%, you could run the government for something like 111 days.
So, the solution is we either need more millionaires or we need to drastically shrink the federal government.
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