A disturbing omen.
 

Keith wrote:

You laugh. My father was subjected to a TCMP IRS audit years ago. They asked
a lot of stupid questions, including one about our cattle. My dad told him
we slaughtered two each year for meat. The auditor's face lit up... "oh, you
didn't report that as income". Seems that if you buy a cow and then later
eat it, you have to report the retail value of the butchered meat less the
cost of the cow as income. Geez.

After that, two cows yearly were killed and eaten by wolves, making them tax
write-offs. Funny how people react, isn't it?

"steveb" wrote in message
...
"Steve" lifted the trapdoor, peered around and wrote:

I won't say what I paid in sales tax, but it would have paid for a new
main.

If I cook myself a meal in your State, how much tax do I need to pay
before
it is eaten?


I love it! Screw the thugs. Look out for the wolf habitat
protectors! Ever hear of ducks unlimited?

Duck takes on a whole new meaning.

--
Terry K - My email address is MY PROPERTY, and is protected by
copyright legislation. Permission to reproduce it is
specifically denied for mass mailing and unrequested
solicitations. Reproduction or conveyance for any unauthorised
purpose is THEFT and PLAGIARISM. Abuse is Invasion of privacy
and harassment. Abusers may be prosecuted. -This notice footer
released to public domain. Spamspoof salad by spamchock -
SofDevCo

A disturbing omen./diatribe in response
 

Brian Whatcott wrote in message . ..
On Sat, 11 Oct 2003 21:48:02 -0400, Glenn Ashmore
wrote:

Last month I bought one of the company's older fleet cars for #2
daughter. Not exactly a "sweetheart deal" but definitely most favored
nation. ;-) Sent the title in for transfer and got a new tag. This
week I get a letter from the GA revenuers wanting to know the sales
price and asking for their pound of sales tax flesh. Casual sales of
cars have never been taxed before so I did some checking. It seems that
because the politicians are hungry for money in this budget crunch the D
of R has finally linked there computer system to Public Safety and are
tracking every title.

What has this to do with boatbuilding? DNR will be linked by next year.
Most of my material was purchased out of state or on eBay so I am
going to get hit bad. I think I will try to register before they get
linked.

This is just Georgia but most states are hunting for revenue now so
check out what your state is doing and plan accordingly if you have a
big project and be sure to have your receipts carefully documented
before you go to register your boat and get a HIN.


If the federal government reduces taxes, people applaud - not least
me. And if the government wants to make preemptive strikes on
suspect nations, then most of us tend to wave our flags.

In a nutshell: the feds can spend more and 'earn' (tax) less.

But states are different. Most of them are mandated to carry a
balanced budget. That means they cannot spend more than they get
in.

For some states - like California, that voted in an expanded public
education system before the economy collapsed, the costs under their
control are evident: schools, police, fire service, health services.

So they lay all off teachers, cops, firemen, slim out health services
etc., etc.

Can you blame them for getting creative on the 'income' side?
We all hate taxes, but we hate reductions in state supplied services
even more.

Good luck to the new governor of California: hope his audit uncovers
mucho waste - but even if he could make the trains run on time -
he will have REAL trouble holding services without tax increases.

So now you now the rest of the story - at least as relayed by an
economics prof who spoke on this topic recently - from that hotbed of
radical politics - Harvard (?). He also writes a regular column for
the yellow press - where all the bed-wetting liberals are supposed to
congregate - The New York Times (??)

So sad.

Brian Whatcott Altus OK

Every country or state gets the government it deserves....
john

A disturbing omen./diatribe in response
 

I am concerned that this diatribe was just one line. I am not sure that
qualifies. Perhaps you could expand it to a minimum of 5 or 6 pages....
;-)

How true

Brian

A disturbing omen.
 

"Fred Williams" wrote in message . ..
You and the "wolf guy" need to get together, move to Massatwo****s, and kick
some A__!


Fred --

Must be my advancing age, but this went completely by me at warp speed
-- who is the "wolf guy"? I already live in Milton, MA, so whose A__
needs kicking?

Jim Woodward
www.mvFintry.com

A disturbing omen.
 

On 19 Oct 2003 04:36:35 -0700, (Jim Woodward)
wrote:


Must be my advancing age, but this went completely by me at warp speed
-- who is the "wolf guy"? I already live in Milton, MA, so whose A__
needs kicking?

Jim Woodward
www.mvFintry.com

The wolf guy was the one who realised he was going to be taxed on
capital gains between cattle value and meat value when he bought two
cows and slaughtered them for eating throughout the year.
Thereafter, he declared two cows a year as killed and eaten by wolves,
which is a write-off...

-m

A disturbing omen.
 

Humm, been a while. But I seem to remember some guy managed to find a
"loophole" in his state's sales tax law by having a couple of his cattle
"eaten by wolves" annually.

I'd say your tax crazed polititians could use a serious "attitude
adjustment." Dearly love your state, BUT I would never, ever live there!

Fred

"Jim Woodward" wrote in message
om...
"Fred Williams" wrote in message
. ..
You and the "wolf guy" need to get together, move to Massatwo****s, and
kick
some A__!


Fred --

Must be my advancing age, but this went completely by me at warp speed
-- who is the "wolf guy"? I already live in Milton, MA, so whose A__
needs kicking?

Jim Woodward
www.mvFintry.com

A disturbing omen.
 

sour (max camirand) ) wrote:
: The wolf guy was the one who realised he was going to be taxed on
: capital gains between cattle value and meat value when he bought two
: cows and slaughtered them for eating throughout the year.
: Thereafter, he declared two cows a year as killed and eaten by wolves,
: which is a write-off...


And felony tax fraud.


Look, if I want right-wing rants, I'll go to alt.politics or listen to
reruns of Rush Limbaugh. Let's try and keep this on boatbuilding
directly.

The original posting of the thread was about how to minimize exposure to
taxation in amateur boat construction.

Thanks!