Our great capitalist society...
 

"JustWaitAFrekinMinute" wrote in message
...

On 9/4/2013 5:24 PM, John H wrote:
On Wed, 04 Sep 2013 11:16:05 -0400, JustWaitAFrekinMinute
wrote:

On 9/4/2013 11:01 AM, wrote:
On Wed, 04 Sep 2013 08:16:53 -0400, JustWaitAFrekinMinute
wrote:

On 9/3/2013 5:57 PM, Wayne.B wrote:
On Tue, 03 Sep 2013 12:33:28 -0400, John H

wrote:

Our cabinet doors were opened, crap all over the floor, and
shelves broken.
What a mess.

===

Been there, done that, but we were in 8 to 10 foot waves at the
time.
All of our galley cabinets have heavy duty latches now.


I wonder what the speed limit was in that area, and how fast John
was
going... I mean, if the roads were under construction, the speed
limit
could have been down around 40-45 in the city loop. Seems you
might be
moving a bit faster than that to do that kind of damage, and
there is no
way I am going to believe a "five inch" dropoff, all the way
across the
road...


I have seen it on the beltway. In fact a guy I know wiped out on
one
of these "buckles" on a Sportster and I ended up fixing the bike
for
him.



Not trying to indict John... just wondering about 5", seems even
outside
Boston that would be addressed somehow...

How's this, "The height may have been only 2-3", but felt like a
half foot!"

So accuse me of lying, as though I give a rat's ass. They were the
worst 'bumps' I've ever
experienced on a highway.

John (Gun Nut) H.


Sorry John, knew you would take it that way.. Just trying to keep a
handle on things in this conversation. Remember, the libs here are
waiting for us to screw up so they can get back to saying the whole
country is falling apart...... Lighten up, I know two inches at 65
probably felt like a foot.... I get it, I tow a lot up here, really I
do.....

---------------------------

This is a stupid conversation IMO, but what the hell, I'll throw in
my 2 cents worth.

Ever notice that a speed bump taken at 30 mph isn't anywhere near as
upsetting to a vehicle as crawling over it at 2 mph?

Our great capitalist society...
 

wrote in message ...

On Wed, 4 Sep 2013 19:13:52 -0400, "Mr. Luddite"
wrote:

You don't think the home mortgage tax deduction is a subsidy of home
ownership?

---------------------------

No, I don't. I see it as a tax credit intended to encourage home
ownership for as many as possible.
It's not like someone else is paying the amount of the tax credit in
order for you to get it.

*That* would be a tax subsidy.


I agree with Harry, in fact I think I said it first. The mortgage
interest deduction is a subsidy and it gets paid for by renters or
cash buyers.

The subsidy actually benefits bankers the most.
It takes some of the sting out of interest rates and allows them to
sell bigger loans.
The homeowner may feel good when they write that big deduction on
their schedule A but it is just a fraction of their own money coming
back.

---------------------------

You think? Take the mortgage interest deduction away and watch what
happens to overall federal tax revenues.

Our great capitalist society...
 

"F.O.A.D." wrote in message
m...

On 9/4/13 7:13 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message
m...

On 9/4/13 6:45 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message
m...

On 9/4/13 4:44 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message

There's nothing mythical about depreciation allowances, and they
are
subsidies.

Period.

----------------------------

My business made significant investments in manufacturing and
engineering equipment. They were depreciated as allowed under tax
laws
every year. I never knew they were a "subsidy".




Same sort of subsidy as homeowners get on their mortgage interest.

-------------------------------------

How the heck is that a "subsidy"?

Does MD have an excise tax on automobiles like MA does?

Should you pay taxes on the current new value of a car, even if
it's 10
years old?

You don't think the home mortgage tax deduction is a subsidy of home
ownership?

---------------------------

No, I don't. I see it as a tax credit intended to encourage home
ownership for as many as possible.
It's not like someone else is paying the amount of the tax credit in
order for you to get it.

*That* would be a tax subsidy.



Many economists, especially some of those closely affiliated with
anti-tax groups, disagree with you.

-------------------------

Good. Let them disagree. Take away the mortgage interest deduction
and watch overall tax revenues *decrease* as the economy goes from
slow forward to dead stop.

------------------------------

BTW ... I have no dog in this fight. We don't have a mortgage.
All we pay is ridiculously high property taxes.

Our great capitalist society...
 

"Mr. Luddite" wrote:
"F.O.A.D." wrote in message
m...

On 9/4/13 7:13 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message
m...

On 9/4/13 6:45 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message
m...

On 9/4/13 4:44 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message

There's nothing mythical about depreciation allowances, and they are
subsidies.

Period.

----------------------------

My business made significant investments in manufacturing and
engineering equipment. They were depreciated as allowed under tax laws
every year. I never knew they were a "subsidy".




Same sort of subsidy as homeowners get on their mortgage interest.

-------------------------------------

How the heck is that a "subsidy"?

Does MD have an excise tax on automobiles like MA does?

Should you pay taxes on the current new value of a car, even if it's 10
years old?

You don't think the home mortgage tax deduction is a subsidy of home
ownership?

---------------------------

No, I don't. I see it as a tax credit intended to encourage home
ownership for as many as possible.
It's not like someone else is paying the amount of the tax credit in
order for you to get it.

*That* would be a tax subsidy.



Many economists, especially some of those closely affiliated with
anti-tax groups, disagree with you.

-------------------------

Good. Let them disagree. Take away the mortgage interest deduction
and watch overall tax revenues *decrease* as the economy goes from
slow forward to dead stop.

------------------------------

BTW ... I have no dog in this fight. We don't have a mortgage. All we
pay is ridiculously high property taxes.

Since you can deduct those property taxes from your federal and probably
state tax return, you're receiving a subsidy there, too.

Our great capitalist society...
 

You guys can deduct your property taxes from your information come taxes??
I'd love to have that benefit.

Our great capitalist society...
 

On 9/4/13 9:28 PM, True North wrote:
You guys can deduct your property taxes from your information come taxes??
I'd love to have that benefit.


Indeed, the government subsidizes home purchases. And if your boat has a
toilet and a few other necessities, you can deduct the interest on the
boat loan.

Our great capitalist society...
 

"F.O.A.D." wrote in message ...

"Mr. Luddite" wrote:
"F.O.A.D." wrote in message
m...

On 9/4/13 7:13 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message
m...

On 9/4/13 6:45 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message
m...

On 9/4/13 4:44 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message

There's nothing mythical about depreciation allowances, and they
are
subsidies.

Period.

----------------------------

My business made significant investments in manufacturing and
engineering equipment. They were depreciated as allowed under
tax laws
every year. I never knew they were a "subsidy".




Same sort of subsidy as homeowners get on their mortgage interest.

-------------------------------------

How the heck is that a "subsidy"?

Does MD have an excise tax on automobiles like MA does?

Should you pay taxes on the current new value of a car, even if
it's 10
years old?

You don't think the home mortgage tax deduction is a subsidy of
home
ownership?

---------------------------

No, I don't. I see it as a tax credit intended to encourage home
ownership for as many as possible.
It's not like someone else is paying the amount of the tax credit
in
order for you to get it.

*That* would be a tax subsidy.



Many economists, especially some of those closely affiliated with
anti-tax groups, disagree with you.

-------------------------

Good. Let them disagree. Take away the mortgage interest
deduction
and watch overall tax revenues *decrease* as the economy goes from
slow forward to dead stop.

------------------------------

BTW ... I have no dog in this fight. We don't have a mortgage.
All we
pay is ridiculously high property taxes.

Since you can deduct those property taxes from your federal and
probably
state tax return, you're receiving a subsidy there, too.

--------------------------

Good. (I have no idea .... our accountant does all that stuff).

I never thought of deductions as subsidies, but I guess I can see how
you can view it that way. I'll take it.
I know I've paid my share of taxes over the years.

Our great capitalist society...
 

On 9/4/2013 8:03 PM, Mr. Luddite wrote:


"JustWaitAFrekinMinute" wrote in message
...

On 9/4/2013 5:24 PM, John H wrote:
On Wed, 04 Sep 2013 11:16:05 -0400, JustWaitAFrekinMinute
wrote:

On 9/4/2013 11:01 AM, wrote:
On Wed, 04 Sep 2013 08:16:53 -0400, JustWaitAFrekinMinute
wrote:

On 9/3/2013 5:57 PM, Wayne.B wrote:
On Tue, 03 Sep 2013 12:33:28 -0400, John H
wrote:

Our cabinet doors were opened, crap all over the floor, and
shelves broken.
What a mess.

===

Been there, done that, but we were in 8 to 10 foot waves at the time.
All of our galley cabinets have heavy duty latches now.


I wonder what the speed limit was in that area, and how fast John was
going... I mean, if the roads were under construction, the speed limit
could have been down around 40-45 in the city loop. Seems you might be
moving a bit faster than that to do that kind of damage, and there
is no
way I am going to believe a "five inch" dropoff, all the way across
the
road...


I have seen it on the beltway. In fact a guy I know wiped out on one
of these "buckles" on a Sportster and I ended up fixing the bike for
him.



Not trying to indict John... just wondering about 5", seems even outside
Boston that would be addressed somehow...

How's this, "The height may have been only 2-3", but felt like a half
foot!"

So accuse me of lying, as though I give a rat's ass. They were the
worst 'bumps' I've ever
experienced on a highway.

John (Gun Nut) H.


Sorry John, knew you would take it that way.. Just trying to keep a
handle on things in this conversation. Remember, the libs here are
waiting for us to screw up so they can get back to saying the whole
country is falling apart...... Lighten up, I know two inches at 65
probably felt like a foot.... I get it, I tow a lot up here, really I
do.....

---------------------------

This is a stupid conversation IMO, but what the hell, I'll throw in my
2 cents worth.

Ever notice that a speed bump taken at 30 mph isn't anywhere near as
upsetting to a vehicle as crawling over it at 2 mph?



Yes, I guess we all need that Lotus/Callaway Active Suspension from
those 80's Corvettes...

Our great capitalist society...
 

On 9/4/2013 8:20 PM, Mr. Luddite wrote:




"F.O.A.D." wrote in message
m...

On 9/4/13 7:13 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message
m...

On 9/4/13 6:45 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message
m...

On 9/4/13 4:44 PM, Mr. Luddite wrote:


"F.O.A.D." wrote in message

There's nothing mythical about depreciation allowances, and they are
subsidies.

Period.

----------------------------

My business made significant investments in manufacturing and
engineering equipment. They were depreciated as allowed under tax laws
every year. I never knew they were a "subsidy".




Same sort of subsidy as homeowners get on their mortgage interest.

-------------------------------------

How the heck is that a "subsidy"?

Does MD have an excise tax on automobiles like MA does?

Should you pay taxes on the current new value of a car, even if it's 10
years old?

You don't think the home mortgage tax deduction is a subsidy of home
ownership?

---------------------------

No, I don't. I see it as a tax credit intended to encourage home
ownership for as many as possible.
It's not like someone else is paying the amount of the tax credit in
order for you to get it.

*That* would be a tax subsidy.



Many economists, especially some of those closely affiliated with
anti-tax groups, disagree with you.

-------------------------

Good. Let them disagree. Take away the mortgage interest deduction
and watch overall tax revenues *decrease* as the economy goes from
slow forward to dead stop.

------------------------------

BTW ... I have no dog in this fight. We don't have a mortgage. All we
pay is ridiculously high property taxes.



5500 a year for 1/2 acre.. Hey, somebody's gotta' pay for that SWAT
Team... :)

Our great capitalist society...
 

On Wednesday, September 4, 2013 8:01:30 PM UTC-4, F.O.A.D. wrote:

A tax incentive is a subsidy.



PAID your taxes yet, you stinking heap of ****??