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Let's get them damn rich yacht owners!!
http://tinyurl.com/3r5l8ur
I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? |
Let's get them damn rich yacht owners!!
On 7/23/2011 7:45 PM, John H wrote:
http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? It's all sinners that own RVs, a little shack, in the woods, or any place other than your home. I'm far from rich. If they take away the Mortgage Deduction it will cost cost another thousand a year, in taxes. that with increased cost of health care, if they cut Medicare, and no COLAs and or reduced Social Security, would pretty much put us in the poor house. In o4 thigs looked like we would be able to enjoy our last years a little. Even in 08 they looked pretty fair. The cost of everything has multiplied, yet they tell us inflation is low. At the same time the dollar has fallen. In 94 you could exchange seventy four cents for a Euro. Now it takes around a dollar fifty. The Globalists or Foreign interest have long wanted, to reduce the dollar to parity with the lowest common denominator to help their pockets. They can now buy two or three times as much of America. We lose every round. Who is Washington getting their salaries from? |
Let's get them damn rich yacht owners!!
On 7/23/11 7:55 PM, LilAbner wrote:
On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. |
Let's get them damn rich yacht owners!!
On Sat, 23 Jul 2011 20:58:14 -0400, Harryk
wrote: On 7/23/11 7:55 PM, LilAbner wrote: On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. What if you travel around in an RV and trailer a boat? What if you live on your large yacht and have a very big dinghy? LOL |
Let's get them damn rich yacht owners!!
On 7/23/2011 9:35 PM, wrote:
On Sat, 23 Jul 2011 20:58:14 -0400, wrote: On 7/23/11 7:55 PM, LilAbner wrote: On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. What if you travel around in an RV and trailer a boat? What if you live on your large yacht and have a very big dinghy? LOL The political climate being what it is I can't see them offending the Donors. there will be big loopholes. Meanwhile the Middle Class is fair game. RVs and Boats etc cost a bundle in our world but are small potatoes to Wall Street. If anybody gets their deductions cut it will be Middle Class just like everything else they are proposing. |
Let's get them damn rich yacht owners!!
On Jul 23, 8:45*pm, John H wrote:
http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. |
Let's get them damn rich yacht owners!!
On Jul 23, 7:45*pm, John H wrote:
http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? A portable Hassock, a Naptha Cookstove, and some lifejackets to lie on doesn't qualify for a Head, Stove, and a Bed you imbecile. |
Let's get them damn rich yacht owners!!
On 23/07/2011 5:45 PM, John H wrote:
http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? They deem you rich. Your supposed to a debt-tax slave. -- Obama, enslaving Americans with debt-tax slavery for a spending binge. Doesn't even borrow real money, Bernanke just creates it like a counterfeiter. . |
Let's get them damn rich yacht owners!!
On Sat, 23 Jul 2011 20:01:05 -0700 (PDT), North Star
wrote: What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. It's not that simple. Actually I think that most people do want to pay their fair share but it gets complicated when the rules change in mid-stream. People make long term financial decisions based on the tax structure in place at that time, and then they have to live with that decision expecting the rules to stay the same. |
Let's get them damn rich yacht owners!!
On 7/24/2011 6:39 AM, Wayne B wrote:
On Sat, 23 Jul 2011 20:01:05 -0700 (PDT), North Star wrote: What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. It's not that simple. Actually I think that most people do want to pay their fair share but it gets complicated when the rules change in mid-stream. People make long term financial decisions based on the tax structure in place at that time, and then they have to live with that decision expecting the rules to stay the same. It should be that simple. The tax code is a quagmire that needs to be simplified, not expanded. Same with legislation. |
Let's get them damn rich yacht owners!!
On 7/24/11 8:37 AM, Florida Jim wrote:
On 7/24/2011 6:39 AM, Wayne B wrote: On Sat, 23 Jul 2011 20:01:05 -0700 (PDT), North Star wrote: What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. It's not that simple. Actually I think that most people do want to pay their fair share but it gets complicated when the rules change in mid-stream. People make long term financial decisions based on the tax structure in place at that time, and then they have to live with that decision expecting the rules to stay the same. It should be that simple. The tax code is a quagmire that needs to be simplified, not expanded. Same with legislation. It's a quagmire because the people with money pay lobbyists big bucks to have exemptions written into the tax code for them. The rich simply do not want to pay their fair share of taxes. |
Let's get them damn rich yacht owners!!
On 7/24/2011 8:40 AM, Harryk wrote:
On 7/24/11 8:37 AM, Florida Jim wrote: On 7/24/2011 6:39 AM, Wayne B wrote: On Sat, 23 Jul 2011 20:01:05 -0700 (PDT), North Star wrote: What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. It's not that simple. Actually I think that most people do want to pay their fair share but it gets complicated when the rules change in mid-stream. People make long term financial decisions based on the tax structure in place at that time, and then they have to live with that decision expecting the rules to stay the same. It should be that simple. The tax code is a quagmire that needs to be simplified, not expanded. Same with legislation. It's a quagmire because the people with money pay lobbyists big bucks to have exemptions written into the tax code for them. The rich simply do not want to pay their fair share of taxes. And why do these congress critters, on both sides, yield to the lobbyists. Oh...they're looking out for our well being. NOT!! |
Let's get them damn rich yacht owners!!
On 7/24/2011 8:40 AM, Harryk wrote:
On 7/24/11 8:37 AM, Florida Jim wrote: On 7/24/2011 6:39 AM, Wayne B wrote: On Sat, 23 Jul 2011 20:01:05 -0700 (PDT), North Star wrote: What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. It's not that simple. Actually I think that most people do want to pay their fair share but it gets complicated when the rules change in mid-stream. People make long term financial decisions based on the tax structure in place at that time, and then they have to live with that decision expecting the rules to stay the same. It should be that simple. The tax code is a quagmire that needs to be simplified, not expanded. Same with legislation. It's a quagmire because the people with money pay lobbyists big bucks to have exemptions written into the tax code for them. The rich simply do not want to pay their fair share of taxes. Lobbyists don't write the laws or tax codes. The simply use greed and fear to intimidate lawmakers into doing their bidding. Now, if we had a significant number of honest lawmakers, the people with money couldn't control government. Who's pulling OhBama's strings? Yup. You got it. Government is corrupt at the very top. So how do we attack the problem? From the bottom up, or top down? |
Let's get them damn rich yacht owners!!
On Jul 23, 8:58*pm, Harryk wrote:
On 7/23/11 7:55 PM, LilAbner wrote: On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. Why not *any* qualified second home? |
Let's get them damn rich yacht owners!!
On Jul 23, 9:35*pm, wrote:
On Sat, 23 Jul 2011 20:58:14 -0400, Harryk wrote: On 7/23/11 7:55 PM, LilAbner wrote: On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. What if you travel around in an RV and trailer a boat? What if you live on your large yacht and have a very big dinghy? LOL Please read your post. At what are you laughing? What if??? |
Let's get them damn rich yacht owners!!
On Jul 23, 9:44*pm, Florida Jim wrote:
On 7/23/2011 9:35 PM, wrote: On Sat, 23 Jul 2011 20:58:14 -0400, wrote: On 7/23/11 7:55 PM, LilAbner wrote: On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. What if you travel around in an RV and trailer a boat? What if you live on your large yacht and have a very big dinghy? LOL Eliminate all mortgage interest deductions. That'll do it better. At least it would be fair across the board. Might not be popular and might have a somewhat detrimental impact on the housing market. It would probably help the rental market though. |
Let's get them damn rich yacht owners!!
On Jul 23, 11:01*pm, North Star wrote:
On Jul 23, 8:45*pm, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. Donnie, how do you define 'fair share'. Remember, we have about 47% of our population who pay *no* federal income taxes. |
Let's get them damn rich yacht owners!!
On Jul 24, 8:40*am, Harryk wrote:
On 7/24/11 8:37 AM, Florida Jim wrote: On 7/24/2011 6:39 AM, Wayne B wrote: On Sat, 23 Jul 2011 20:01:05 -0700 (PDT), North Star wrote: What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. It's not that simple. Actually I think that most people do want to pay their fair share but it gets complicated when the rules change in mid-stream. People make long term financial decisions based on the tax structure in place at that time, and then they have to live with that decision expecting the rules to stay the same. It should be that simple. The tax code is a quagmire that needs to be simplified, not expanded. Same with legislation. It's a quagmire because the people with money pay lobbyists big bucks to have exemptions written into the tax code for them. The rich simply do not want to pay their fair share of taxes. Neither do the 47% who pay *no* income taxes. |
Let's get them damn rich yacht owners!!
On Jul 24, 1:28*am, "*e#c" wrote:
On Jul 23, 7:45*pm, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? A portable Hassock, a Naptha Cookstove, and some lifejackets to lie on doesn't qualify for a Head, Stove, and a Bed you imbecile. My 21'er slept two in the cuddy, and had a portapotty installed. My dual burner Coleman gas stove definitely qualified as a cooking facility. Note: I didn't need to call you any names to get across my point. |
Let's get them damn rich yacht owners!!
On 7/24/2011 9:12 AM, John H wrote:
On Jul 23, 8:58 pm, wrote: On 7/23/11 7:55 PM, LilAbner wrote: On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. Why not *any* qualified second home? Why give mortgage interest deductions at all? Before you know it renters will want deductions too, and section 8, and why just a second home? some poor folks have multiple homes. What about those folks that have 0 interest loans. It's not fair that they don't get a deduction. |
Let's get them damn rich yacht owners!!
In article 755e3f2f-d08f-4c7d-a527-
, says... On Jul 23, 11:01*pm, North Star wrote: On Jul 23, 8:45*pm, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. Donnie, how do you define 'fair share'. Remember, we have about 47% of our population who pay *no* federal income taxes. He defines it exactly as he thinks Harry would... -- Team Rowdy Mouse, Banned from the Mall for life! |
Let's get them damn rich yacht owners!!
On 7/24/2011 9:15 AM, John H wrote:
On Jul 23, 9:44 pm, Florida wrote: On 7/23/2011 9:35 PM, wrote: On Sat, 23 Jul 2011 20:58:14 -0400, wrote: On 7/23/11 7:55 PM, LilAbner wrote: On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. What if you travel around in an RV and trailer a boat? What if you live on your large yacht and have a very big dinghy? LOL Eliminate all mortgage interest deductions. That'll do it better. At least it would be fair across the board. Might not be popular and might have a somewhat detrimental impact on the housing market. It would probably help the rental market though. Fair would be nice. There is no housing market currently. Why should the IRS be involved in giving perks for taxpayers receiving loans? At current loan rates, are we talking a lot of money in interest deductions? The IRS is trying to manipulate our lives with deductions, exemptions, and credits. *It's not fair* |
Let's get them damn rich yacht owners!!
On Sun, 24 Jul 2011 09:32:33 -0400, Florida Jim wrote:
On 7/24/2011 9:12 AM, John H wrote: On Jul 23, 8:58 pm, wrote: On 7/23/11 7:55 PM, LilAbner wrote: On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. Why not *any* qualified second home? Why give mortgage interest deductions at all? Before you know it renters will want deductions too, and section 8, and why just a second home? some poor folks have multiple homes. What about those folks that have 0 interest loans. It's not fair that they don't get a deduction. That's not the point of this discussion, but it is a good point. I'd have no problem with taking away the mortgage interest deduction, if they grandfathered, somehow, those who bought their homes with that deduction as part of their ability-to-pay calculation. My daughter couldn't afford to stay in her house without the mortgage interest deduction, for example. If a person has a zero-interest mortgage, then they weren't planning on the deduction in their ability-to-pay calculations. Why just a second home? Maybe even the rich congressfolk that dreamed up the deduction couldn't go so far as to make it available for their sixth home, or whatever. |
Let's get them damn rich yacht owners!!
On Sun, 24 Jul 2011 09:35:45 -0400, I_am_Tosk wrote:
In article 755e3f2f-d08f-4c7d-a527- , says... On Jul 23, 11:01*pm, North Star wrote: On Jul 23, 8:45*pm, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. Donnie, how do you define 'fair share'. Remember, we have about 47% of our population who pay *no* federal income taxes. He defines it exactly as he thinks Harry would... Actually, I was trying to avoid a **** storm. |
Let's get them damn rich yacht owners!!
On 7/24/2011 9:13 AM, John H wrote:
On Jul 23, 9:35 pm, wrote: On Sat, 23 Jul 2011 20:58:14 -0400, wrote: On 7/23/11 7:55 PM, LilAbner wrote: On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. What if you travel around in an RV and trailer a boat? What if you live on your large yacht and have a very big dinghy? LOL Please read your post. At what are you laughing? What if??? Sometimes you see insane people laughing a lot for no reason other than, the bats in their bellfry amuse them. |
Let's get them damn rich yacht owners!!
In article ,
says... http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? My new yacht has two heads and two showers. It's the best of the best. I wonder where my lobsta' boat went? |
Let's get them damn rich yacht owners!!
In article ,
says... On Sun, 24 Jul 2011 09:35:45 -0400, I_am_Tosk wrote: In article 755e3f2f-d08f-4c7d-a527- , says... On Jul 23, 11:01*pm, North Star wrote: On Jul 23, 8:45*pm, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. Donnie, how do you define 'fair share'. Remember, we have about 47% of our population who pay *no* federal income taxes. He defines it exactly as he thinks Harry would... Actually, I was trying to avoid a **** storm. Doesn't change the fact that Don will say whatever he thinks will troll out the "other side"... -- Team Rowdy Mouse, Banned from the Mall for life! |
Let's get them damn rich yacht owners!!
On Sun, 24 Jul 2011 09:45:25 -0400, Florida Jim wrote:
On 7/24/2011 9:15 AM, John H wrote: On Jul 23, 9:44 pm, Florida wrote: On 7/23/2011 9:35 PM, wrote: On Sat, 23 Jul 2011 20:58:14 -0400, wrote: On 7/23/11 7:55 PM, LilAbner wrote: On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. What if you travel around in an RV and trailer a boat? What if you live on your large yacht and have a very big dinghy? LOL Eliminate all mortgage interest deductions. That'll do it better. At least it would be fair across the board. Might not be popular and might have a somewhat detrimental impact on the housing market. It would probably help the rental market though. Fair would be nice. Agreed. There is no housing market currently. Actually there is, but it would get a hell of a lot worse without the interest deduction. Why should the IRS be involved in giving perks for taxpayers receiving loans? Already discussed. The IRS didn't do it, our presidents and congressfolk did it. At current loan rates, are we talking a lot of money in interest deductions? Well, look at this: Basic info Interest rate [?] 4.250% APR (annual percentage rate) [?] 4.560% Loan type [?] 30-year fixed Points [?] 0.500 Loan amount [?] $400,000 Pre-payment penalty [?] None Lock period [?] 30 days Monthly payment Principal & interest [?] $1,967 Now, $400,000 divided by 360 payments gives $1111 as the amount towards principal, which would leave $856 of interest paid each month. That would give me a deduction of $10,272. That's a pretty significant deduction. The IRS is trying to manipulate our lives with deductions, exemptions, and credits. Not the IRS, your president and congressfolk. *It's not fair* That's what I said up front! |
Let's get them damn rich yacht owners!!
On 7/24/11 10:01 AM, I_am_Tosk wrote:
In , says... On Sun, 24 Jul 2011 09:35:45 -0400, wrote: In article755e3f2f-d08f-4c7d-a527- , says... On Jul 23, 11:01 pm, North wrote: On Jul 23, 8:45 pm, John wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. Donnie, how do you define 'fair share'. Remember, we have about 47% of our population who pay *no* federal income taxes. He defines it exactly as he thinks Harry would... Actually, I was trying to avoid a **** storm. Doesn't change the fact that Don will say whatever he thinks will troll out the "other side"... If you cut a hole in the bottom of your rowboat and screwed a toilet seat onto it...and if you carried and didn't drink a can of squeeze and if you brought that inflatable mattress aboard...you, too, could deduct second home mortgage interest. Has the Rancid Mouse Racing Team posted any victories yet in serious races? |
Let's get them damn rich yacht owners!!
On Jul 24, 9:58*am, Harryk wrote:
In article , says... http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? My new yacht has two heads and two showers. It's the best of the best. I wonder where my lobsta' boat went? Bugger off for a while. |
Let's get them damn rich yacht owners!!
On 7/24/2011 9:46 AM, John H wrote:
On Sun, 24 Jul 2011 09:32:33 -0400, Florida wrote: On 7/24/2011 9:12 AM, John H wrote: On Jul 23, 8:58 pm, wrote: On 7/23/11 7:55 PM, LilAbner wrote: On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. Why not *any* qualified second home? Why give mortgage interest deductions at all? Before you know it renters will want deductions too, and section 8, and why just a second home? some poor folks have multiple homes. What about those folks that have 0 interest loans. It's not fair that they don't get a deduction. That's not the point of this discussion, but it is a good point. I'd have no problem with taking away the mortgage interest deduction, if they grandfathered, somehow, those who bought their homes with that deduction as part of their ability-to-pay calculation. My daughter couldn't afford to stay in her house without the mortgage interest deduction, for example. If a person has a zero-interest mortgage, then they weren't planning on the deduction in their ability-to-pay calculations. Why just a second home? Maybe even the rich congressfolk that dreamed up the deduction couldn't go so far as to make it available for their sixth home, or whatever. For people living near the edge there seems to be a mandatory government ruling or law that forces mortgage holders to rewrite mortgages at a more favorable rate. I remember hearing about it but I really don't know any of the details. Perhaps you could look into it for your daughter. OhBama really wants to help struggling Americans. |
Let's get them damn rich yacht owners!!
On 7/24/2011 10:03 AM, John H wrote:
On Sun, 24 Jul 2011 09:45:25 -0400, Florida wrote: On 7/24/2011 9:15 AM, John H wrote: On Jul 23, 9:44 pm, Florida wrote: On 7/23/2011 9:35 PM, wrote: On Sat, 23 Jul 2011 20:58:14 -0400, wrote: On 7/23/11 7:55 PM, LilAbner wrote: On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. What if you travel around in an RV and trailer a boat? What if you live on your large yacht and have a very big dinghy? LOL Eliminate all mortgage interest deductions. That'll do it better. At least it would be fair across the board. Might not be popular and might have a somewhat detrimental impact on the housing market. It would probably help the rental market though. Fair would be nice. Agreed. There is no housing market currently. Actually there is, but it would get a hell of a lot worse without the interest deduction. Why should the IRS be involved in giving perks for taxpayers receiving loans? Already discussed. The IRS didn't do it, our presidents and congressfolk did it. At current loan rates, are we talking a lot of money in interest deductions? Well, look at this: Basic info Interest rate [?] 4.250% APR (annual percentage rate) [?] 4.560% Loan type [?] 30-year fixed Points [?] 0.500 Loan amount [?] $400,000 Pre-payment penalty [?] None Lock period [?] 30 days Monthly payment Principal& interest [?] $1,967 Now, $400,000 divided by 360 payments gives $1111 as the amount towards principal, which would leave $856 of interest paid each month. That would give me a deduction of $10,272. That's a pretty significant deduction. The IRS is trying to manipulate our lives with deductions, exemptions, and credits. Not the IRS, your president and congressfolk. *It's not fair* That's what I said up front! Geeze man. A 400k loan? That would buy Harry's house. Anyone that can afford Harry's lifestyle shouldn't be worrying about interest deductions. A $10000 deduction in the 25% bracket would yield only $2500 reduction in tax. |
Let's get them damn rich yacht owners!!
On 7/24/11 8:37 AM, Florida Jim wrote:
On 7/24/2011 6:39 AM, Wayne B wrote: On Sat, 23 Jul 2011 20:01:05 -0700 (PDT), North Star wrote: What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. It's not that simple. Actually I think that most people do want to pay their fair share but it gets complicated when the rules change in mid-stream. People make long term financial decisions based on the tax structure in place at that time, and then they have to live with that decision expecting the rules to stay the same. It should be that simple. The tax code is a quagmire that needs to be simplified, not expanded. Same with legislation. I have always believed the tax code should be set up so those who make or own property/boat just a little bit more than mine should pay the bulk of the taxes. They need to pay "their fair share". |
Let's get them damn rich yacht owners!!
On Sun, 24 Jul 2011 06:15:23 -0700 (PDT), John H
wrote: Eliminate all mortgage interest deductions. That'll do it better. At least it would be fair across the board. Might not be popular and might have a somewhat detrimental impact on the housing market. It would probably help the rental market though. =========== Home ownership has always been part of the American dream and the interest rate deduction is a tacit reaffirmation of that goal. Without question home ownership leads to a more stable citizenship and increased two parent family formation. Those were worthwhile goals at the time and still are. |
Let's get them damn rich yacht owners!!
On 7/24/2011 10:43 AM, Harryk wrote:
On 7/24/11 8:37 AM, Florida Jim wrote: On 7/24/2011 6:39 AM, Wayne B wrote: On Sat, 23 Jul 2011 20:01:05 -0700 (PDT), North Star wrote: What the 'ell are you whining about?? We don't get a mortgage interest deduction on our income taxes for our principal home.. let alone cottages or boats. No wonder the USA is in such deep debt.... no one wants to pay their fair share of taxes. It's not that simple. Actually I think that most people do want to pay their fair share but it gets complicated when the rules change in mid-stream. People make long term financial decisions based on the tax structure in place at that time, and then they have to live with that decision expecting the rules to stay the same. It should be that simple. The tax code is a quagmire that needs to be simplified, not expanded. Same with legislation. I have always believed the tax code should be set up so those who make or own property/boat just a little bit more than mine should pay the bulk of the taxes. They need to pay "their fair share". Define " just a little bit more than mine". |
Let's get them damn rich yacht owners!!
On 7/24/2011 10:47 AM, Wayne B wrote:
On Sun, 24 Jul 2011 06:15:23 -0700 (PDT), John H wrote: Eliminate all mortgage interest deductions. That'll do it better. At least it would be fair across the board. Might not be popular and might have a somewhat detrimental impact on the housing market. It would probably help the rental market though. =========== Home ownership has always been part of the American dream and the interest rate deduction is a tacit reaffirmation of that goal. Without question home ownership leads to a more stable citizenship and increased two parent family formation. Those were worthwhile goals at the time and still are. Home ownership is nothing without equity. Some folks become homeowners for a short while then walk away. because they couldn't afford the house in the first place or lost a job. That's not the American dream. You are usually right on the money, but "tacit reaffirmation" is pure bull****. |
Let's get them damn rich yacht owners!!
In article 2d56966a-fefa-4011-8a06-
, says... On Jul 24, 9:58*am, Harryk wrote: In article , says... http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. Why do they pick only on boat owners? My new yacht has two heads and two showers. It's the best of the best. I wonder where my lobsta' boat went? Bugger off for a while. I can't. My Dr. Dr. Dr. wife needs my help. She's studying for her fourth doctorate, you right wing racist. |
Let's get them damn rich yacht owners!!
In article ,
says... On Sun, 24 Jul 2011 09:45:25 -0400, Florida Jim wrote: On 7/24/2011 9:15 AM, John H wrote: On Jul 23, 9:44 pm, Florida wrote: On 7/23/2011 9:35 PM, wrote: On Sat, 23 Jul 2011 20:58:14 -0400, wrote: On 7/23/11 7:55 PM, LilAbner wrote: On 7/23/2011 7:45 PM, John H wrote: http://tinyurl.com/3r5l8ur I wonder if the Democrats realize that it doesn't take a 'yacht' to have a head, stove, and bed. Hell, I had that in my 21' Proline. If they want to do away with a second home mortgage interest deduction, then do it for *all* second homes. All boats and all second homes over a certain value...that'll do it. What if you travel around in an RV and trailer a boat? What if you live on your large yacht and have a very big dinghy? LOL Eliminate all mortgage interest deductions. That'll do it better. At least it would be fair across the board. Might not be popular and might have a somewhat detrimental impact on the housing market. It would probably help the rental market though. Fair would be nice. Agreed. There is no housing market currently. Actually there is, but it would get a hell of a lot worse without the interest deduction. Why should the IRS be involved in giving perks for taxpayers receiving loans? Already discussed. The IRS didn't do it, our presidents and congressfolk did it. At current loan rates, are we talking a lot of money in interest deductions? Well, look at this: Basic info Interest rate [?] 4.250% APR (annual percentage rate) [?] 4.560% Loan type [?] 30-year fixed Points [?] 0.500 Loan amount [?] $400,000 Pre-payment penalty [?] None Lock period [?] 30 days Monthly payment Principal & interest [?] $1,967 Now, $400,000 divided by 360 payments gives $1111 as the amount towards principal, which would leave $856 of interest paid each month. That would give me a deduction of $10,272. That's a pretty significant deduction. The IRS is trying to manipulate our lives with deductions, exemptions, and credits. Not the IRS, your president and congressfolk. *It's not fair* That's what I said up front! Bugger off for awhile. |
Let's get them damn rich yacht owners!!
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