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Donna Lange runs aground
Anyone else gotten hooked on following Donna Lange's adventures?
www.donnalange.com She posts an email and updated position from her boat about as often as she changes sails so it's a great vicarious sailing hit for those of us icebound up here in the north. Setting out from her layover port near Cape Horn, she faced a long coastal sail along one of the most notorious coasts on earth. Sleep and changing winds got the better of her and she awoke to a bump having sailed straight into South America. Fortunately, the seaweed was thick enough to prevent damage although it made backing off a mite difficult. Somebody's got to be looking out for this gal. She sails her 28 footer through the roaring 40's, hardly ruffling her hair while a 44 foot steel boat costing probably a hundred thousand more gets trashed nearby. Then she runs around on a wilder and more dangerous spot than most of us could ever hope to see and just bounces off! I sure wouldn't recommend this as a "what to do and how to do it" site but it sure is entertaining, the more so for being in almost real time. She's pretty well out into the open South Atlantic now so I'm breathing a sigh of relief for her. -- Roger Long |
Donna Lange runs aground
Hey Captain Roger ,, still looking for a cruising spinnaker for you. Found
one but it was junk. I took a look at Donna Lange's site. I hate to say this but in my humble opinion; she is a nut case. One of these days she won't be so lucky and then it will be tragic. I hope she finds what she is looking for, what ever that is. ========================================= Does she ever say how she affords to sail about with no job and all? Just wondering. =============================== "Roger Long" wrote in message ... Anyone else gotten hooked on following Donna Lange's adventures? www.donnalange.com She posts an email and updated position from her boat about as often as she changes sails so it's a great vicarious sailing hit for those of us icebound up here in the north. Setting out from her layover port near Cape Horn, she faced a long coastal sail along one of the most notorious coasts on earth. Sleep and changing winds got the better of her and she awoke to a bump having sailed straight into South America. Fortunately, the seaweed was thick enough to prevent damage although it made backing off a mite difficult. Somebody's got to be looking out for this gal. She sails her 28 footer through the roaring 40's, hardly ruffling her hair while a 44 foot steel boat costing probably a hundred thousand more gets trashed nearby. Then she runs around on a wilder and more dangerous spot than most of us could ever hope to see and just bounces off! I sure wouldn't recommend this as a "what to do and how to do it" site but it sure is entertaining, the more so for being in almost real time. She's pretty well out into the open South Atlantic now so I'm breathing a sigh of relief for her. -- Roger Long |
Donna Lange runs aground
Yes, Capt. Roger Long is correct about Donna's voyages being amazing
and worth watching--- PLUS SUPPORTING. I've sent some dollars via PAYPAL to her site and hope that several others will also, because she clearly needs more funding and she will appreciate about any donations. Comments/ Ideas?? good sailing, John Reeves Mathews, Va. On Jan 27, 4:51 pm, "NE Sailboat" wrote: Hey Captain Roger ,, |
Donna Lange runs aground
John,, I am wondering .. ?? Donna has a web site where she accepts
donations which are used for her living expenses, is that right? Is this money considered income? I'm not complaining ,, more just thinking. Can anyone just set up a web page and ask for money to live on as they sail about? I've got to go.. my new "support Tom as he sails around New England" web page is just about done. Kaching .. $$$$$$$$$$$$$ ========================= "mtnsailor" wrote in message oups.com... Yes, Capt. Roger Long is correct about Donna's voyages being amazing and worth watching--- PLUS SUPPORTING. I've sent some dollars via PAYPAL to her site and hope that several others will also, because she clearly needs more funding and she will appreciate about any donations. Comments/ Ideas?? good sailing, John Reeves Mathews, Va. On Jan 27, 4:51 pm, "NE Sailboat" wrote: Hey Captain Roger ,, |
Donna Lange runs aground
Dave,,, walking all over NY with a cup is hard to do when sailing along the
New England coast. I am just curious about how the whole sponsor thing works. I see a boat as a perfect advertising medium. Big sail, big area for an ad. As for Donna Lange .. she is an interesting person, that is for sure. I just think she is a little out there. Take a look at the web page, and read some of her adventures or miss-adventures. It doesn't make much sense to me. If she can get people to send her money so she doesn't need to work, and she sails around .. hey, good for her. --- "Dave" wrote in message ... On Sat, 27 Jan 2007 23:16:24 GMT, "NE Sailboat" said: Is this money considered income? I'm not complaining ,, more just thinking. Can anyone just set up a web page and ask for money to live on as they sail about? Jeez, you can even walk the streets of New York holding out a cup and rattling change in it. |
Donna Lange runs aground
"NE Sailboat" wrote ...
John,, I am wondering .. ?? Donna has a web site where she accepts donations which are used for her living expenses, is that right? Is this money considered income? I'm not complaining ,, more just thinking. Can anyone just set up a web page and ask for money to live on as they sail about? Just thinking about it, if you plan a unique passage so you can generate a lot of hits, set up a web page, get a few advertisers and ask for donations maybe you could call it a business and deduct the cost of the cruise as a business expense. :-) The power of the 'net is pretty amazing. The little 3 or 4% commission I get from Amazon for the links on my tools and books page generates a couple of boat bucks a year. -- Glenn Ashmore I'm building a 45' cutter in strip/composite. Watch my progress (or lack there of) at: http://www.rutuonline.com Shameless Commercial Division: http://www.spade-anchor-us.com |
Donna Lange runs aground
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Donna Lange runs aground
"Dave" wrote in message
... On Sun, 28 Jan 2007 09:30:34 -0800, Mark Borgerson said: You can't deduct more expenses than you have income from the business. What is your basis for that conclusion? Perhaps he's thinking about the "home office" deduction? -- "j" ganz @@ www.sailnow.com |
Donna Lange runs aground
In article ,
Mark Borgerson wrote: Just thinking about it, if you plan a unique passage so you can generate a lot of hits, set up a web page, get a few advertisers and ask for donations maybe you could call it a business and deduct the cost of the cruise as a business expense. :-) There's a minor hitch in that. You can't deduct more expenses than you have income from the business. Depending on whether you have to count the initial expense for the boat, you might need a LOT of income to make a profit. If she were in the US, she couldn't do that for very long, but while she's not in any particular country for a significant part of the tax year, no country's tax laws apply. (okay, there may be technical exceptions, but it's tough to send a bill to someone who is 5000 miles away.) -- Jere Lull Xan-a-Deux ('73 Tanzer 28 #4 out of Tolchester, MD) Xan's NEW Pages: http://web.mac.com/jerelull/iWeb/Xan/ Our BVI FAQs (290+ pics) http://homepage.mac.com/jerelull/BVI/ |
Donna Lange runs aground
In article ,
says... On Sun, 28 Jan 2007 09:30:34 -0800, Mark Borgerson said: You can't deduct more expenses than you have income from the business. What is your basis for that conclusion? The fact that the IRS has a "Hobby Loss" segment in the tax code. You generally have to make a profit 3 years out of 5 in order to for the IRS to consider it a 'for profit' business. http://www.wwwebtax.com/deductions_z...bby_losses.htm "If you lose money pursuing a hobby, you cannot deduct your hobby loss from your other income on your tax return, but you can deduct your expenses up to the amount of your hobby income on your tax return. A hobby loss is a miscellaneous tax deduction on your tax return, though, and limited by the 2% of AGI threshold." If the sailing sponsorship is your only source of income, you may be able to declare a net operating loss, or even deduct the losses against other income. But you still may have to meet the 3 out of 5 profitable years to avoid the business being considered a hobby. http://taxes.about.com/od/taxplanning/a/freelance_5.htm "Hobby Loss Rule of Thumb. If a business reports a net profit in at least 3 out of 5 years, it is presumed to be a for-profit business. If a business reports a net loss in more than 2 out of 5 years, it is presumed to be a not-for-profit hobby. This rule of thumb places a huge burden of proof on newly formed businesses. On the one hand, the IRS expects new businesses to incur a loss. It is normal for a business to have a year or two of losses before becoming profitable. On the other hand, it is likely that a business could have several years of losses before ever making a profit. In fact, several such cases have been sent to the Tax Court. " So if you don't think the income will exceed the expenses, you should probably settle for deducting only as much expense as you have income. Mark Borgerson |
Donna Lange runs aground
In article ,
Jere Lull wrote: (okay, there may be technical exceptions, but it's tough to send a bill to someone who is 5000 miles away.) It is easy to send the Bill, to the Registered Address, what is hard to do, is get them to PAY IT......... |
Donna Lange runs aground
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Donna Lange runs aground
"Mark Borgerson" wrote in message .net... In article , says... On Sun, 28 Jan 2007 20:27:00 -0800, Mark Borgerson said: You can't deduct more expenses than you have income from the business. What is your basis for that conclusion? The fact that the IRS has a "Hobby Loss" segment in the tax code. On the assumption that you won't turn a profit sufficient to meet the test, I'll accept that. But not the general proposition that you can't in any year deduct more expenses than you have income from a business. My original response wasn't very clear. I should have said that you can't deduct more expense than income on a continuing basis. After a few years (two or more depending on the quality of your lawyers), the IRS will consider the enterprise a hobby rather than a for-profit business and your deductions will be limited to the amount of income. If there was an easy way to make all boat expenses deductible, someone would have written the book by now! Am I correct in assuming that you could still deduct monthly loan payments if the boat qualifies as a primary or secondary residence? That won't help with operating expenses, though. Mark Borgerson If the boat qualifies as a second home, I believe that you can deduct the *interest* paid on it during the year -- but not principle. |
Donna Lange runs aground
Prior to the mid 1980's ,, one could decuct the interest on a yacht loan.
But,, that ended. And, of course; right after that the sailboat business went down the drain. There are ways around this, of course. If you rent out your boat then you can take a depreciation etc. Similar to owning any rental property. I believe the boat as a rental would come under the passage investment rules of the IRS.. might be wrong there, though. It isn't a very good idea as far as I am concerned. The boat would need to be insured as a charter boat,, that must cost a fortune. ==== "KLC Lewis" wrote in message et... "Mark Borgerson" wrote in message .net... In article , says... On Sun, 28 Jan 2007 20:27:00 -0800, Mark Borgerson said: You can't deduct more expenses than you have income from the business. What is your basis for that conclusion? The fact that the IRS has a "Hobby Loss" segment in the tax code. On the assumption that you won't turn a profit sufficient to meet the test, I'll accept that. But not the general proposition that you can't in any year deduct more expenses than you have income from a business. My original response wasn't very clear. I should have said that you can't deduct more expense than income on a continuing basis. After a few years (two or more depending on the quality of your lawyers), the IRS will consider the enterprise a hobby rather than a for-profit business and your deductions will be limited to the amount of income. If there was an easy way to make all boat expenses deductible, someone would have written the book by now! Am I correct in assuming that you could still deduct monthly loan payments if the boat qualifies as a primary or secondary residence? That won't help with operating expenses, though. Mark Borgerson If the boat qualifies as a second home, I believe that you can deduct the *interest* paid on it during the year -- but not principle. |
Donna Lange runs aground
In article ,
Dave wrote: On Tue, 30 Jan 2007 01:57:40 GMT, "NE Sailboat" said: Prior to the mid 1980's ,, one could decuct the interest on a yacht loan. But,, that ended. And, of course; right after that the sailboat business went down the drain. Sorry, but that's simply wrong as the question was posed. If the boat qualifies as a second or vacation home the interest may still be deductible. See IRS Publication 527. Qualifies even more if it's their primary residence ;-) -- Jere Lull Xan-a-Deux ('73 Tanzer 28 #4 out of Tolchester, MD) Xan's NEW Pages: http://web.mac.com/jerelull/iWeb/Xan/ Our BVI FAQs (290+ pics) http://homepage.mac.com/jerelull/BVI/ |
Donna Lange runs aground
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Donna Lange runs aground
On Jan 29, 5:57 pm, "NE Sailboat" wrote:
Prior to the mid 1980's ,, one could decuct the interest on a yacht loan. But,, that ended. And, of course; right after that the sailboat business went down the drain. There are ways around this, of course. If you rent out your boat then you can take a depreciation etc. Similar to owning any rental property. I believe the boat as a rental would come under the passage investment rules of the IRS.. might be wrong there, though. It isn't a very good idea as far as I am concerned. The boat would need to be insured as a charter boat,, that must cost a fortune. ===="KLC Lewis" wrote in message et... "Mark Borgerson" wrote in message t.net... In article , says... On Sun, 28 Jan 2007 20:27:00 -0800, Mark Borgerson said: You can't deduct more expenses than you have income from the business. What is your basis for that conclusion? The fact that the IRS has a "Hobby Loss" segment in the tax code. On the assumption that you won't turn a profit sufficient to meet the test, I'll accept that. But not the general proposition that you can't in any year deduct more expenses than you have income from a business. My original response wasn't very clear. I should have said that you can't deduct more expense than income on a continuing basis. After a few years (two or more depending on the quality of your lawyers), the IRS will consider the enterprise a hobby rather than a for-profit business and your deductions will be limited to the amount of income. Don't know about the States, but in Canada all you have to do is incorporate a holding company (less than $1000) and have the company own the boat and rent it back to you . . . then the company can deduct interest, depreciation, repairs and maintenance, etc. Of course, it isn't quite as simple as that, but it can be very cost effective if you look into it and do it properly . . . Trish If there was an easy way to make all boat expenses deductible, someone would have written the book by now! Am I correct in assuming that you could still deduct monthly loan payments if the boat qualifies as a primary or secondary residence? That won't help with operating expenses, though. Mark Borgerson If the boat qualifies as a second home, I believe that you can deduct the *interest* paid on it during the year -- but not principle.- Hide quoted text - - Show quoted text - |
Donna Lange runs aground
Dave ,, why do you refer to smart business practices as a "scam"?
There is nothing wrong with trying to avoid taxes. In fact, when it comes to boats .. I think it is crazy not to avoid taxes. What does the state do with all the sales taxes it collects from the poor boaters? Does it use this money to improve the harbors? Or add docking areas? Nope, it takes this money and ****es it down the drain. Some fat ass crook will get the money. Screw that. If the government is so concerned with collecting taxes, why does it let corporations such as Canival Cruise Line operate here almost exclusively yet have all their boats registered offshore? Scam? The scam is the government. This country is so corrupt that someday soon, there will be some type of rebellion. "Dave" wrote in message ... On 30 Jan 2007 16:45:34 -0800, "Trish" said: Don't know about the States, but in Canada all you have to do is incorporate a holding company (less than $1000) and have the company own the boat and rent it back to you . . . then the company can deduct interest, depreciation, repairs and maintenance, etc. Of course, it isn't quite as simple as that, but it can be very cost effective if you look into it and do it properly . . . Reminds me a bit of the scam that used to be used here. Buy the boat in the name of a corporation incorporated in a state without a sales tax and federally document the boat. A number of boat owners, including my boat's PO, got hit with some significant taxes and penalties when the State caught onto the scheme and hit him for unpaid use tax. |
Donna Lange runs aground
"That reasoning goes a bit too far. I take it you're one of those folks who
figures it's all right to evade income tax by skimming the receipts from the cash register, because the bureaucrats would just misuse the money anyway." YES! Say it loud and proud! YES, YES, YES! F'm. I hate paying taxes, expecially when I know the money is going down a big huge empty hole. My money so some Arab who hates me can have electricity? No thanks. My money so someone who is so stupid that he/she owned a home below the water level of a levee down the street but didn't see fit to purchase flood insurance? I truly wish a movement got started so that every American just didn't even file his/her income tax. Then what would the likes of Ted Kennedy do? As to the bad behavior example; ever hear of the Boston Tea Party? Kinda bad behavior, wouldn't ya say. As to the sales tax example. You answered my argument for me. Where does the boat sales tax money go? Who knows? The government takes it and puts it in a "general fund". What percentage of that "general fund" goes for boating related issues? Almost nothing. The money is spent on wasteful nonsense. What I don't understand is how American keeps going. We are broke, on paper. If it weren't for China buying all our debt we would be standing in donut lines. You may think that this Republic is the greatest. Not me. As far as I am concerned the American I grew up in has disappeared. We are a corrupt joke of a country on the precipice of falling into the "Was a great power" category. Go ahead , just keeping throwing money to the local, state, federal government. Give them more, more, more, more, more, more, more. ...... they need it for the next Katrina. Or to build a tennis club in Iraq. Not me.. "Dave" wrote in message ... On Wed, 31 Jan 2007 18:12:07 GMT, "NE Sailboat" said: Dave ,, why do you refer to smart business practices as a "scam"? There is nothing wrong with trying to avoid taxes. In fact, when it comes to boats .. I think it is crazy not to avoid taxes. I fully agree with a well-known quote from, Judge Learned Hand: "[A] transaction, otherwise within an exception of the tax law, does not lose its immunity, because it is actuated by a desire to avoid,.....taxation. Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes." Problem is that people tend to ignore the first part of the sentence--the part about "otherwise within the exception of the tax law." I referred to the incorporating/documenting as a scam because it wasn't tax avoidance. It was tax evasion. The tax was legally due, and people tried to pull the wool over the tax authorities' eyes by not leaving a paper trail that the authorities could easily find. What does the state do with all the sales taxes it collects from the poor boaters? I dunno. Does it keep collections from the poor boaters in a separate kitty from collections from the rich ones? Must be a pretty small kitty. Does it use this money to improve the harbors? Or add docking areas? Nope, it takes this money and ****es it down the drain. Some fat ass crook will get the money. Screw that. That reasoning goes a bit too far. I take it you're one of those folks who figures it's all right to evade income tax by skimming the receipts from the cash register, because the bureaucrats would just misuse the money anyway. If the government is so concerned with collecting taxes, why does it let corporations such as Canival Cruise Line operate here almost exclusively yet have all their boats registered offshore? An argument sometimes called trying to justify bad behavior by pointing at other bad behavior. |
Donna Lange runs aground
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Donna Lange runs aground
NE Sailboat wrote:
"That reasoning goes a bit too far. I take it you're one of those folks who figures it's all right to evade income tax by skimming the receipts from the cash register, because the bureaucrats would just misuse the money anyway." YES! Say it loud and proud! YES, YES, YES! F'm. I hate paying taxes, expecially when I know the money is going down a big huge empty hole. My money so some Arab who hates me can have electricity? No thanks. My money so someone who is so stupid that he/she owned a home below the water level of a levee down the street but didn't see fit to purchase flood insurance? I truly wish a movement got started so that every American just didn't even file his/her income tax. Then what would the likes of Ted Kennedy do? As to the bad behavior example; ever hear of the Boston Tea Party? Kinda bad behavior, wouldn't ya say. As to the sales tax example. You answered my argument for me. Where does the boat sales tax money go? Who knows? The government takes it and puts it in a "general fund". What percentage of that "general fund" goes for boating related issues? Almost nothing. The money is spent on wasteful nonsense. What I don't understand is how American keeps going. We are broke, on paper. If it weren't for China buying all our debt we would be standing in donut lines. You may think that this Republic is the greatest. Not me. As far as I am concerned the American I grew up in has disappeared. We are a corrupt joke of a country on the precipice of falling into the "Was a great power" category. Go ahead , just keeping throwing money to the local, state, federal government. Give them more, more, more, more, more, more, more. ...... they need it for the next Katrina. Or to build a tennis club in Iraq. Not me.. "Dave" wrote in message ... On Wed, 31 Jan 2007 18:12:07 GMT, "NE Sailboat" said: Dave ,, why do you refer to smart business practices as a "scam"? There is nothing wrong with trying to avoid taxes. In fact, when it comes to boats .. I think it is crazy not to avoid taxes. I fully agree with a well-known quote from, Judge Learned Hand: "[A] transaction, otherwise within an exception of the tax law, does not lose its immunity, because it is actuated by a desire to avoid,.....taxation. Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes." Problem is that people tend to ignore the first part of the sentence--the part about "otherwise within the exception of the tax law." I referred to the incorporating/documenting as a scam because it wasn't tax avoidance. It was tax evasion. The tax was legally due, and people tried to pull the wool over the tax authorities' eyes by not leaving a paper trail that the authorities could easily find. What does the state do with all the sales taxes it collects from the poor boaters? I dunno. Does it keep collections from the poor boaters in a separate kitty from collections from the rich ones? Must be a pretty small kitty. Does it use this money to improve the harbors? Or add docking areas? Nope, it takes this money and ****es it down the drain. Some fat ass crook will get the money. Screw that. That reasoning goes a bit too far. I take it you're one of those folks who figures it's all right to evade income tax by skimming the receipts from the cash register, because the bureaucrats would just misuse the money anyway. If the government is so concerned with collecting taxes, why does it let corporations such as Canival Cruise Line operate here almost exclusively yet have all their boats registered offshore? An argument sometimes called trying to justify bad behavior by pointing at other bad behavior. If you hate it so much in America why don,t you move to Cuba, N. Vietnam, Sri Lanka, China, Venezuela, Bolivia or someplace else |
Donna Lange runs aground
Cuba ,, I actually am considering Cuba. Fidel is about to retire and it is
a beautiful country. The other countries you mentioned ,, no thanks. Although S Vietnam is very nice. Seriously,, take a look around. Where does Madonna live? England. The very rich live where they want. They plan out there lives, as well as their business so that they live at one level and the rest of us get F......ked. The USA that I grew up in , served in the Army of,,, supported by voting and I even ran for office is GONE. Doesn't exist. We are a corrupt former great country. Just the other day, I see an article that goes on to show how the middle class is getting pushed into poverty. We are so overtaxed it is crazy. Just ask yourself this question and answer it honestly. Why is my government allowing millions of people to break into my country? To enter my country illegally. They are here, illegally. They work and pay no taxes. They get free health care at the local hospital emergency room. They send their illegal children to our schools. Yet ................ if you want to go on a trip to the Bahama's,, you must have a passport or you will not be allowed back into the USA. Just this one example should be enough to show you that the USA is finished. No country that does not control its borders, or allow millions of people to invade ... has ever lasted long throughout history. The Roman Empire was defeated by an invation from the north. If there are no borders ............... there is no country. What makes a country? Borders, common language, common customs, laws which are enforced, ......... We are slipping into the abyss of history. And we, the citizens, are allowing it to happen. Whether you are a Democrat or a Republican .. it does not matter. Both parties are completely corrupt. Do you think these people actually care about you and me? We, the former middle class? Great speech just the other day by Bill Moyers .. http://www.freepress.net/news/20357 part of the speech. "Today, a hundred years after Teddy Roosevelt's death, those words ring just as true. America is socially divided and politically benighted. Inequality and poverty grow steadily along with risk and debt. Too many working families cannot make ends meet with two people working, let alone if one stays home to care for children or aging parents. Young people without privilege and wealth struggle to get a footing. Seniors enjoy less security for a lifetime's work. We are racially segregated today in every meaningful sense, except for the letter of the law. And the survivors of segregation and immigration toil for pennies on the dollar, compared to those they serve. None of this is accidental. Nobel laureate economist Robert Solow, not known for extreme political statements, characterizes what is happening as "nothing less than elite plunder" - the redistribution of wealth in favor of the wealthy, and the power in favor of the powerful. In fact, nearly all the wealth America created over the past 25 years has been captured by the top 20 percent of households, and most of the gains went to the wealthiest. The top 1 percent of households captured more than 50 percent of all the gains in financial wealth, and these households now hold more than twice the share their predecessors held on the eve of the American Revolution. The anti-Federalist warning that government naturally works to fortify the conspiracies of the rich proved prophetic. It's the truth today, and America confronts a choice between two fundamentally different economic visions. As Norman Garfinkel writes in his marvelous new book, The American Dream vs. the Gospel of Wealth, the historic vision of the American dream is that continuing economic growth and political stability can be achieved by supporting income growth and economic security of middle-class families, without restricting the ability of successful business men to gain wealth. The counter-belief is that providing maximum financial rewards to the most successful is the way to maintain high economic growth. The choice cannot be avoided. What kind of economy do we seek, and what kind of nation do we wish to be? Do we want to be a country in which the rich get richer and the poor get poorer, or do we want a country committed to an economy that provides for the common good, offers upward mobility, supports a middle-class standard of living, and provides generous opportunities for all?" Too bad.. we had a chance. But we allowed the rich to suck us dry. When a hard working guy with a good family can't afford to go for a sailboat ride ............... I'm not going to miss the destruction of what I am seeing as the USA.. ============================================== "krj" wrote in message ... NE Sailboat wrote: "That reasoning goes a bit too far. I take it you're one of those folks who figures it's all right to evade income tax by skimming the receipts from the cash register, because the bureaucrats would just misuse the money anyway." YES! Say it loud and proud! YES, YES, YES! F'm. I hate paying taxes, expecially when I know the money is going down a big huge empty hole. My money so some Arab who hates me can have electricity? No thanks. My money so someone who is so stupid that he/she owned a home below the water level of a levee down the street but didn't see fit to purchase flood insurance? I truly wish a movement got started so that every American just didn't even file his/her income tax. Then what would the likes of Ted Kennedy do? As to the bad behavior example; ever hear of the Boston Tea Party? Kinda bad behavior, wouldn't ya say. As to the sales tax example. You answered my argument for me. Where does the boat sales tax money go? Who knows? The government takes it and puts it in a "general fund". What percentage of that "general fund" goes for boating related issues? Almost nothing. The money is spent on wasteful nonsense. What I don't understand is how American keeps going. We are broke, on paper. If it weren't for China buying all our debt we would be standing in donut lines. You may think that this Republic is the greatest. Not me. As far as I am concerned the American I grew up in has disappeared. We are a corrupt joke of a country on the precipice of falling into the "Was a great power" category. Go ahead , just keeping throwing money to the local, state, federal government. Give them more, more, more, more, more, more, more. ...... they need it for the next Katrina. Or to build a tennis club in Iraq. Not me.. "Dave" wrote in message ... On Wed, 31 Jan 2007 18:12:07 GMT, "NE Sailboat" said: Dave ,, why do you refer to smart business practices as a "scam"? There is nothing wrong with trying to avoid taxes. In fact, when it comes to boats .. I think it is crazy not to avoid taxes. I fully agree with a well-known quote from, Judge Learned Hand: "[A] transaction, otherwise within an exception of the tax law, does not lose its immunity, because it is actuated by a desire to avoid,.....taxation. Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes." Problem is that people tend to ignore the first part of the sentence--the part about "otherwise within the exception of the tax law." I referred to the incorporating/documenting as a scam because it wasn't tax avoidance. It was tax evasion. The tax was legally due, and people tried to pull the wool over the tax authorities' eyes by not leaving a paper trail that the authorities could easily find. What does the state do with all the sales taxes it collects from the poor boaters? I dunno. Does it keep collections from the poor boaters in a separate kitty from collections from the rich ones? Must be a pretty small kitty. Does it use this money to improve the harbors? Or add docking areas? Nope, it takes this money and ****es it down the drain. Some fat ass crook will get the money. Screw that. That reasoning goes a bit too far. I take it you're one of those folks who figures it's all right to evade income tax by skimming the receipts from the cash register, because the bureaucrats would just misuse the money anyway. If the government is so concerned with collecting taxes, why does it let corporations such as Canival Cruise Line operate here almost exclusively yet have all their boats registered offshore? An argument sometimes called trying to justify bad behavior by pointing at other bad behavior. If you hate it so much in America why don,t you move to Cuba, N. Vietnam, Sri Lanka, China, Venezuela, Bolivia or someplace else |
Donna Lange runs aground
"Gogarty" wrote in message ... In article , says... In article , Jere Lull wrote: (okay, there may be technical exceptions, but it's tough to send a bill to someone who is 5000 miles away.) It is easy to send the Bill, to the Registered Address, what is hard to do, is get them to PAY IT......... Until, that is, you want to return to the USA. The IRS has a mighty long reach. And the US is about the only nation in the world that taxes its citizens on income earned abroad. If you carry a US passport and you reside in another country and earn all your income in that country, the IRS wants its share. I have a friend in Venezuela who finally said "Screw this!" and renounced his US citizenship. We have somewhat similar policies.....although they may make a bit more sense up here. I have a buddy who has spent almost his entire working life in the Carribean working on boats etc..wherever he can support himself while contributing nothing in Canadian taxes. He is counting on eventually returning wnen he can no longer work to our old age pension, guaranteed income supplement and socialized medicine. (plus a small Canada Pension amount for a half dozen years working in this country). Pretty minimal but he's lived the majority of his life as one long vacation. He'll still be as well off as the working poor. |
Donna Lange runs aground
"Don White" wrote in message ... "Gogarty" wrote in message ... In article , says... In article , Jere Lull wrote: (okay, there may be technical exceptions, but it's tough to send a bill to someone who is 5000 miles away.) It is easy to send the Bill, to the Registered Address, what is hard to do, is get them to PAY IT......... Until, that is, you want to return to the USA. The IRS has a mighty long reach. And the US is about the only nation in the world that taxes its citizens on income earned abroad. If you carry a US passport and you reside in another country and earn all your income in that country, the IRS wants its share. I have a friend in Venezuela who finally said "Screw this!" and renounced his US citizenship. We have somewhat similar policies.....although they may make a bit more sense up here. I have a buddy who has spent almost his entire working life in the Carribean working on boats etc..wherever he can support himself while contributing nothing in Canadian taxes. He is counting on eventually returning wnen he can no longer work to our old age pension, guaranteed income supplement and socialized medicine. (plus a small Canada Pension amount for a half dozen years working in this country). Pretty minimal but he's lived the majority of his life as one long vacation. He'll still be as well off as the working poor. Brrrr...what a dreadful idea. I would much rather be poor in the tropics where food grows freely than to be poor in the frigid north where not having money can mean freezing and starving to death. When you cut out all of the consumer goods that are constantly demanding our purchase, only to be made obsolete a year later for the next round of "must have" purchasing, it doesn't cost that much to live. But in the northern regions we have to spend lots of money keeping warm in the winter, then as much again to keep cool in the summer. Round after round of new toys come onto the market, and it's our Patriotic Duty as Americans to support the economy by running out and buying them. And most of those toys are meant to reward us for working so hard to earn the money to buy them. The Vicious Circle of an culture gone insane. And here I am, working in the Entertainment industry. I never said I was consistant. lol |
Donna Lange runs aground
"KLC Lewis" wrote in message ... snip... And here I am, working in the Entertainment industry. I never said I was consistant. lol Are you a performer/artist or in a support role? |
Donna Lange runs aground
"Don White" wrote in message ... "KLC Lewis" wrote in message ... snip... And here I am, working in the Entertainment industry. I never said I was consistant. lol Are you a performer/artist or in a support role? Promotions and booking. |
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