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Today's topics:
* slowpoke general contractor got us $6,000!!! (home tax credit) - 5 messages,
3 authors
http://groups.google.com/group/misc.consumers.frugal-living/t/b7692010fa0607f6?hl=en
* Subsidy Nonsense Yet Again - 1 messages, 1 author
http://groups.google.com/group/misc.consumers.frugal-living/t/dff28f482d02ae5c?hl=en
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TOPIC: slowpoke general contractor got us $6,000!!! (home tax credit)
http://groups.google.com/group/misc.consumers.frugal-living/t/b7692010fa0607f6?hl=en
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== 1 of 5 ==
Date: Sat, Nov 7 2009 9:29 pm
From: Ohioguy
> I believe you are keeping the first home. If so, you own two homes. Of
> course you will call the new home your primary residence, but you
> won't be living there for a long time based on all the work
> contemplated. The rules I read were not comprehensive enough to be
> sure of eligibility. You must have checked them out already.
Yes, we will be keeping our current duplex, and renting it out. Yes,
the new home will be our primary residence, but we expect to be able to
move in by sometime in late December/early January. The FHA 203k rehab
loan stipulates that all the needed repairs MUST be made prior to us
moving in to the property, and also within a certain time frame.
(roughly 3 months of closing)
== 2 of 5 ==
Date: Sat, Nov 7 2009 9:37 pm
From: Ohioguy
> You really don't mind that your perceived windfall is someone
>else's money?
Nope. The money in question - that being used to fund the new $6,500
home tax credit - comes not from anyone's personal income taxes.
Instead, it comes from pushing back a change in corporate taxes that was
supposed to take effect next year, and pushing back that change another
8 years or so.
In other words, the bill was supposed to make it so that companies
that had moved facilities overseas, and were paying taxes there and
here, were able to deduct the taxes they paid to foreign governments,
and lessen their corporate US taxes. Instead, they won't be able to
take that deduction for another several years, and will continue paying
the same US tax rate they have been for now.
I don't see it as such a bad thing, because it lessens the benefits
of building a plant elsewhere or sending jobs overseas for a while longer.
== 3 of 5 ==
Date: Sat, Nov 7 2009 10:18 pm
From: "Rod Speed"
Ohioguy wrote
>> Oh for god's sake! When will people realize that they should be TAXED for having children, NOT receiving tax CREDITS
>> for producing more resource suckers. DISGUSTING!! PLONK.
> I guess it really depends on how you raise them.
Nope.
> I'm going to raise mine believing in minimal government and maximum personal freedom and responsibility.
And they'll ignore that and decide that stuff for themselves.
And dont forget who will be picking your nursing home.
> The child tax credit is designed to encourage people to have kids. Although kids do take up resources in the short
> term, they also become tomorrow's taxpayers.
> Also, without enough of them, the "social security" pyramid scheme will implode.
It isnt a pyramid scheme.
== 4 of 5 ==
Date: Sat, Nov 7 2009 10:22 pm
From: "Rod Speed"
Ohioguy wrote:
>> Having kids does not guarantee that they will help you.
> I much prefer the Amish method in some ways. When the Amish parents get old enough, their house goes to a child or
> grandchild. (they typically have 6 or 7 kids) Then one of their kids builds on an addition to their house, called the
> "doddering house". The parents move in to spend their old age there. While they are still able, they help with the
> grandkids, chores around the house, etc. Later, their kids and grandkids help take care of them. It also ensures
> that family history and beliefs get passed down.
No it doesnt. Hordes of them give up on that way of life instead.
They're dying out.
> Plus, there are no huge health care bills for a nursing home, and no expectations for sending people away when they
> become a burden.
It doesnt always work out like that.
> The parents took care of the kids when they had to be fed all the time, had to have diapers
> changed, and all of that. The roles reverse when the parents need those same things later on.
It doesnt always work out like that.
In spades with the hordes that decide that the amish way of life is not for them.
== 5 of 5 ==
Date: Sat, Nov 7 2009 11:45 pm
From: "ChairMan"
In news:COsJm.2514$rE5.2198@newsfe08.iad,
Ohioguy <none@none.net>spewed forth:
>> You really don't mind that your perceived windfall is someone
>> else's money?
>
> Nope. The money in question - that being used to fund the new
> $6,500 home tax credit - comes not from anyone's personal income
> taxes. Instead, it comes from pushing back a change in corporate taxes
> that
> was supposed to take effect next year, and pushing back that change
> another 8 years or so.
>
> In other words, the bill was supposed to make it so that companies
> that had moved facilities overseas, and were paying taxes there and
> here, were able to deduct the taxes they paid to foreign governments,
> and lessen their corporate US taxes. Instead, they won't be able to
> take that deduction for another several years, and will continue
> paying the same US tax rate they have been for now.
>
> I don't see it as such a bad thing, because it lessens the benefits
> of building a plant elsewhere or sending jobs overseas for a while
> longer.
and you don't beleive that that corporation will pass that cost on to
you/us as consumers?
You should put the crack pipe away
The government cannot give to anybody anything that the government does not
first take from someone else.
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TOPIC: Subsidy Nonsense Yet Again
http://groups.google.com/group/misc.consumers.frugal-living/t/dff28f482d02ae5c?hl=en
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== 1 of 1 ==
Date: Sat, Nov 7 2009 10:54 pm
From: Les Cargill
Jym Dyer wrote:
>>> = Scott in SoCal
>> = Rod Speed
>
>>> Transit only *seems* more expensive because it is subsidized
>>> LESS than automobiles are.
>> Wrong. There are plenty of situations where the cheapest
>> cars are cheaper than the worst mass transit available and
>> the cheapest cars arent subsidized by anyone.
>
> =v= I understand that the vast and Rube Goldbergesque array
> of funding serves to keep most of us from thinking about the
> true cost of driving.
>
??? The roads are financed by fuel taxes. It hardly looks
very opaque, and people have done multiple studies.
The only thing we really don't know is the true cost
of a barrel of oil. We do know the market price of it.
> =v= The laws of physics are less complicated. Dragging one
> or more tons of steel and plastic and toxics per person is
> going to involve more resources, no matter how accountants
> distribute the numbers. When point A and point B are so much
> further apart because so much land area is devoted to cars
> (whether they're driving, speeding, or parking), that, too,
> is going to involve more resources. Paving all that land
> area? Yep, more resources all over again, plus the const of
> maintaining it all.
>
But cars enable people to use land they wouldn't otherwise
be able to. What we see with public transport is that it never
makes money.
> =v= You can shuffle the finances around as if you're playing
> 3-Card Monte, but eventually there's a bottom line involved,
> and guess what? You lose.
> <_Jym_>
>
--
Les Cargill
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