[quote]pittbulll wrote:
I totally agree with you ,the problem would be they would do away with the mortgage deduction but keep all the one that benefit the top , standard operating procedure [/quote]
Please list those “write offs” that only “benefit the top”.
[quote]NickViar wrote:
[quote]pittbulll wrote:
I think another huge disparity is what income actually is ," write offs "[/quote]
If you’re against tax write-offs, then that’s something on which we certainly agree.[/quote]
Please give examples of “write-offs”.
[quote]countingbeans wrote:
[quote]NickViar wrote:
[quote]pittbulll wrote:
I think another huge disparity is what income actually is ," write offs "[/quote]
If you’re against tax write-offs, then that’s something on which we certainly agree.[/quote]
Please give examples of “write-offs”.
[/quote]
Mortgage write offs , you can start a business, mortgage it from your company in tax haven and pay all your profits to your company in the form of interest
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]NickViar wrote:
[quote]pittbulll wrote:
I think another huge disparity is what income actually is ," write offs "[/quote]
If you’re against tax write-offs, then that’s something on which we certainly agree.[/quote]
Please give examples of “write-offs”.
[/quote]
Mortgage write offs , you can start a business, mortgage it from your company in tax haven and pay all your profits to your company in the form of interest
[/quote]
What you just wrote makes absolutely no sense in reality. Please translate that into coherent thought so I can address it.
I could assume the situation you are trying to describe, but you are doing a poor job of it.
[quote]countingbeans wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]NickViar wrote:
[quote]pittbulll wrote:
I think another huge disparity is what income actually is ," write offs "[/quote]
If you’re against tax write-offs, then that’s something on which we certainly agree.[/quote]
Please give examples of “write-offs”.
[/quote]
Mortgage write offs , you can start a business, mortgage it from your company in tax haven and pay all your profits to your company in the form of interest
[/quote]
What you just wrote makes absolutely no sense in reality. Please translate that into coherent thought so I can address it.
I could assume the situation you are trying to describe, but you are doing a poor job of it. [/quote]
Oh you are so articulate , this a scheme , instead of mortgage it is insurance , just another vehicle
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
Mortgage write offs , you can start a business, mortgage it from your company in tax haven and pay all your profits to your company in the form of interest
[/quote]
What you just wrote makes absolutely no sense in reality. Please translate that into coherent thought so I can address it.
I could assume the situation you are trying to describe, but you are doing a poor job of it. [/quote]
Oh you are so articulate , [/quote]
Don’t change the subject before I have the chance to respond.
Please re-word what you wrote so it actually makes sense, so that I may address what “scheme” you seem to be talking about.
[quote]countingbeans wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
Mortgage write offs , you can start a business, mortgage it from your company in tax haven and pay all your profits to your company in the form of interest
[/quote]
What you just wrote makes absolutely no sense in reality. Please translate that into coherent thought so I can address it.
I could assume the situation you are trying to describe, but you are doing a poor job of it. [/quote]
Oh you are so articulate , [/quote]
Don’t change the subject before I have the chance to respond.
Please re-word what you wrote so it actually makes sense, so that I may address what “scheme” you seem to be talking about.[/quote]
I did not change the subject , it is how through off shore accounts the wealthy pay their mortgage , buy their insurance all in the guise to write off income
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
Mortgage write offs , you can start a business, mortgage it from your company in tax haven and pay all your profits to your company in the form of interest
[/quote]
What you just wrote makes absolutely no sense in reality. Please translate that into coherent thought so I can address it.
I could assume the situation you are trying to describe, but you are doing a poor job of it. [/quote]
Oh you are so articulate , [/quote]
Don’t change the subject before I have the chance to respond.
Please re-word what you wrote so it actually makes sense, so that I may address what “scheme” you seem to be talking about.[/quote]
I did not change the subject , it is how through off shore accounts the wealthy pay their mortgage , buy their insurance all in the guise to write off income
[/quote]
If you actually read the article you posted from Bloomberg it was not a write off, but a deferral of paying income taxes. They will have to pay taxes on that income at some point.
Why don’t you go and do what they did? Everyone has access to it.
[quote]dmaddox wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
Mortgage write offs , you can start a business, mortgage it from your company in tax haven and pay all your profits to your company in the form of interest
[/quote]
What you just wrote makes absolutely no sense in reality. Please translate that into coherent thought so I can address it.
I could assume the situation you are trying to describe, but you are doing a poor job of it. [/quote]
Oh you are so articulate , [/quote]
Don’t change the subject before I have the chance to respond.
Please re-word what you wrote so it actually makes sense, so that I may address what “scheme” you seem to be talking about.[/quote]
I did not change the subject , it is how through off shore accounts the wealthy pay their mortgage , buy their insurance all in the guise to write off income
[/quote]
If you actually read the article you posted from Bloomberg it was not a write off, but a deferral of paying income taxes. They will have to pay taxes on that income at some point.
Why don’t you go and do what they did? Everyone has access to it.[/quote]
the money you pay to Insurance is a write off, the interest on a loan is write off . It is money that you did not earn , in the eyes of the IRS .
[quote]dmaddox wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
Mortgage write offs , you can start a business, mortgage it from your company in tax haven and pay all your profits to your company in the form of interest
[/quote]
What you just wrote makes absolutely no sense in reality. Please translate that into coherent thought so I can address it.
I could assume the situation you are trying to describe, but you are doing a poor job of it. [/quote]
Oh you are so articulate , [/quote]
Don’t change the subject before I have the chance to respond.
Please re-word what you wrote so it actually makes sense, so that I may address what “scheme” you seem to be talking about.[/quote]
I did not change the subject , it is how through off shore accounts the wealthy pay their mortgage , buy their insurance all in the guise to write off income
[/quote]
If you actually read the article you posted from Bloomberg it was not a write off, but a deferral of paying income taxes. They will have to pay taxes on that income at some point.
Why don’t you go and do what they did? Everyone has access to it.[/quote]
maybe you need to explain this to me . I personally believe if I made enough money I could set this up to my benefit . I don’t make enough money , I have never made enough money and possibly I will never make enough money so presently I am stuck in my middle income tax bracket .
I know every one has access to all the money they want to make , they just have to worke harder
[quote]pittbulll wrote:
[quote]dmaddox wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
Mortgage write offs , you can start a business, mortgage it from your company in tax haven and pay all your profits to your company in the form of interest
[/quote]
What you just wrote makes absolutely no sense in reality. Please translate that into coherent thought so I can address it.
I could assume the situation you are trying to describe, but you are doing a poor job of it. [/quote]
Oh you are so articulate , [/quote]
Don’t change the subject before I have the chance to respond.
Please re-word what you wrote so it actually makes sense, so that I may address what “scheme” you seem to be talking about.[/quote]
I did not change the subject , it is how through off shore accounts the wealthy pay their mortgage , buy their insurance all in the guise to write off income
[/quote]
If you actually read the article you posted from Bloomberg it was not a write off, but a deferral of paying income taxes. They will have to pay taxes on that income at some point.
Why don’t you go and do what they did? Everyone has access to it.[/quote]
the money you pay to Insurance is a write off, the interest on a loan is write off . It is money that you did not earn , in the eyes of the IRS .
[/quote]
Not always. I don’t get to write off my Car Insurance, my House insurance. Everyone gets to write off their Health Insurance. Now interest on a loan everyone can write off if they itemize. Most people do not meet the standard deduction so they actually get more of a write off than what they pay. Maybe we should do away with the Standard Deduction and only itemize?
[quote]pittbulll wrote:
[quote]dmaddox wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
Mortgage write offs , you can start a business, mortgage it from your company in tax haven and pay all your profits to your company in the form of interest
[/quote]
What you just wrote makes absolutely no sense in reality. Please translate that into coherent thought so I can address it.
I could assume the situation you are trying to describe, but you are doing a poor job of it. [/quote]
Oh you are so articulate , [/quote]
Don’t change the subject before I have the chance to respond.
Please re-word what you wrote so it actually makes sense, so that I may address what “scheme” you seem to be talking about.[/quote]
I did not change the subject , it is how through off shore accounts the wealthy pay their mortgage , buy their insurance all in the guise to write off income
[/quote]
If you actually read the article you posted from Bloomberg it was not a write off, but a deferral of paying income taxes. They will have to pay taxes on that income at some point.
Why don’t you go and do what they did? Everyone has access to it.[/quote]
maybe you need to explain this to me . I personally believe if I made enough money I could set this up to my benefit . I don’t make enough money , I have never made enough money and possibly I will never make enough money so presently I am stuck in my middle income tax bracket .
I know every one has access to all the money they want to make , they just have to worke harder
[/quote]
Work smarter not harder. Do what the rich do. They save their money, and then buy businesses. Those businesses put off cashflow. They save their own money and the cashflow and go buy another business, and over and over again. To make a lot of wealth it takes 3 generations, but it only takes one to spend it all. The rich know how to grow their money forever. This has nothing to do with tax write offs and loopholes.
I will agree if a particular business gets a write off that no one else gets then that is bad. But most write offs are available to everyone. The Oil industry that a lot of people like to bad mouth use the same write offs that all corporations use.
[quote]zecarlo wrote:
[quote]MaximusB wrote:
[quote]zecarlo wrote:
[quote]Varqanir wrote:
[quote]zecarlo wrote:
Non credo che ci sia qualcuno qua che e’ capace di chiudere la mia boca. Hanno la chiacchiera, mancano i coglioni. [/quote]
Nella bocca chiusa non entrano mosche. [/quote]
E non escono sciocchezze. [/quote]
Vorresti parlare di stupidita ?
Hai spiegato cosa a qualcuno e` mai andato attraverso te stesso.
You tried explaining something to someone you never went through yourself.
Don’t talk shit about my friends dude, if you disagree with them then leave it at that.
But don’t think for one minute, that you can speak to them like they have no nuts.[/quote]
Io non sono quello che ha menzionato l’idea che io non avrei detto quello che ho detto in faccia. Volete fare il malandrino pero piangete quando qualcuno non ha paura e non se ne frega un cazzo della vostra chiacchiera. Cerca qualcun altro se vuoi fare il duro. [/quote]
Tu hai incominciato questo casino, quando hai giudicato la vita sua.
Lui ha condiviso sua esperienza, non e` tuo posto di giudicare.
If anyone is making their sole decision on tax benefits then they are not making good financial decisions. Taxes are way down the line, because tax law changes on a whim.
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
Mortgage write offs , you can start a business, mortgage it from your company in tax haven and pay all your profits to your company in the form of interest
[/quote]
What you just wrote makes absolutely no sense in reality. Please translate that into coherent thought so I can address it.
I could assume the situation you are trying to describe, but you are doing a poor job of it. [/quote]
Oh you are so articulate , [/quote]
Don’t change the subject before I have the chance to respond.
Please re-word what you wrote so it actually makes sense, so that I may address what “scheme” you seem to be talking about.[/quote]
I did not change the subject , it is how through off shore accounts the wealthy pay their mortgage , buy their insurance all in the guise to write off income
[/quote]
That article didn’t mention mortgages or “write-offs”. So again: please list a “write-off” that only benefits the “rich” and also feel free to explain your jumbled mortgage “scheme” that doesn’t make sense worded as it is.
[quote]dmaddox wrote:
Work smarter not harder. Do what the rich do. They save their money, and then buy businesses. Those businesses put off cashflow. They save their own money and the cashflow and go buy another business, and over and over again. To make a lot of wealth it takes 3 generations, but it only takes one to spend it all. The rich know how to grow their money forever. This has nothing to do with tax write offs and loopholes.
I will agree if a particular business gets a write off that no one else gets then that is bad. But most write offs are available to everyone. The Oil industry that a lot of people like to bad mouth use the same write offs that all corporations use.
[/quote]
Maybe you should write a book 
[quote]countingbeans wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
[quote]countingbeans wrote:
[quote]pittbulll wrote:
Mortgage write offs , you can start a business, mortgage it from your company in tax haven and pay all your profits to your company in the form of interest
[/quote]
What you just wrote makes absolutely no sense in reality. Please translate that into coherent thought so I can address it.
I could assume the situation you are trying to describe, but you are doing a poor job of it. [/quote]
Oh you are so articulate , [/quote]
Don’t change the subject before I have the chance to respond.
Please re-word what you wrote so it actually makes sense, so that I may address what “scheme” you seem to be talking about.[/quote]
I did not change the subject , it is how through off shore accounts the wealthy pay their mortgage , buy their insurance all in the guise to write off income
[/quote]
That article didn’t mention mortgages or “write-offs”. So again: please list a “write-off” that only benefits the “rich” and also feel free to explain your jumbled mortgage “scheme” that doesn’t make sense worded as it is. [/quote]
no it did not , but it is the same process send your money to a tax shelter in the guise of a standard write off . Very simple . It is your company you state how much you save in your account and how much you write off
Alright, there is a significant amount of conflation going on here.
You have:
Individual above the line deductions
Individual below the line deductions
Individual credits
Business expenses
Business credits
after that you start getting into the “scheme” deal.
Which of the above are we talking about here?
[quote]pittbulll wrote:
Very simple [/quote]
Yet you can’t even explain it in common language that someone who does it for a living can understand…
Me thinks you don’t know wtf you are talking about here.
[quote]countingbeans wrote:
Alright, there is a significant amount of conflation going on here.
You have:
Individual above the line deductions
Individual below the line deductions
Individual credits
Business expenses
Business credits
after that you start getting into the “scheme” deal.
Which of the above are we talking about here?[/quote]
beans we both know you will win the debate of tax code so why bother . My point is that is the way to avoid paying taxes