Obama wants to Raise Taxes, Good or Bad for the Economy?
- Thread starter beenthere
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UncleBuck
Well-Known Member
tons of llama and alpaca farms in this area, they hold a fair every may and people bring in their alpacas and llamas fro wyoming, idaho, montana, california, and elsewhere.
we'll be owning some when we settle down in a few years. some of the most efficient eaters ever, they are cheap to feed, too.
canndo
Well-Known Member
Raising taxes is never good for the economy, I don't believe anyone will disagree with that - however, I hear the constant wail over the debt and deficit and raising taxes can be good for that, especially when the current tax rate on the highest earners is currently so low.
And the tax advantages are AFUCKINMAZING!!
As a breeder you can depreciate a male or female alpaca used for breeding purposes over a five-year period. Breeding animals are considered a capitol asset. Furthermore, the first year that the capitol asset is acquired, there is a hyper depreciation of $100,000 which can be used as a business expense item. (See IRS Publication 225 section 179). In addition, production animals or equipment purchased in excess of this deduction can be depreciated over five years. Income derived from the sale of capitol assets is usually taxed at a lower rate than that of income derived from other sources, such as regular earnings. Any expenses, which you incur, such as veterinary care, feed bills, or any other costs associated with the raising and marketing of your alpacas, are deductible. As an active breeder there is also the ability to depreciate tangible property, such as barns and fences, as well as breeding stock to be considered.
Your alpaca farm may generate taxable losses that may be used to offset taxable income from other sources. Alpaca breeding is an excellent way to accomplish tax-deferred wealth building. The small farmer or investor can purchase several alpacas and allow the herd to grow without paying income taxes on the increased value of that herd.
If you agist your alpacas your tax advantages will vary from that of an active owner, but they will still be very attractive. The main difference will be that you will hold all of your expenses incurred in the raising of the alpacas to be used as deductions against your profit until such time as you sell the alpacas.
Copy and pasted bitches!!
It is nice when they shit in nice little piles that can easily be picked up, or even used as a handwarmer in the winter, if need arises.
Canna Sylvan
Well-Known Member
What you do is pretend to do a community project and after the government buys up the land with eminent domain, tell them a new study shows no one wants that community service anymore and buy the land for less than the eminent domain grab.
Great idea! I can probably get me some of those Obama Bucks to do the research with too, get me a grant or something cool and taxpayer funded.
Canna Sylvan
Well-Known Member
It was already done in my home town. There's now Chili's and other shops in a strip mall, rather than useless houses people used to live in. Now those people live in apartments, and aren't greedy little fucks. It took them down a peg.
It really doesn't matter,,, Either person will have to do it,,You forget ,,,Bush started this along with his wallstreet buddies,,,,Obama did what he had to do to save the country,,,and if Romney wins it will go back to the Bush days,,,,the Rich getting richer...What I'd really like to know is what happens when the people really,,,really,,really ,, get tired of eating this crap from both sides..
desert dude
Well-Known Member
What happens to stock prices in the face of heavy selling? Prices decline. If capital gains taxes are doubled then a substantial number of people will sell to lock in the lower tax rate. This could result in a massive stock market selloff as every guy tries to get through the exit door at the same time. Is a stock market selloff bad for the overall economy?
UncleBuck
Well-Known Member
WOOPS!
stock market at a record high.
you must feel really, really stupid.
really stupid.
for real.
nitro harley
Well-Known Member
Buck do you benefit from the market now that it is at an all time high? I don't benefit at all right now. Just wondering.
UncleBuck
Well-Known Member
you're not invested in the stock market, like more than half of all americans do?
because for half of america, it's really good news.
see4
Well-Known Member
Stop voting against yourself bro. Come to the dark side where people actually help others.
I make quite a bit of money, and I don't mind at all sharing, as long as I am able. It's pretty cool over here. Try out for a while. If you don't like it, you can go back to being a moron.
see4
Well-Known Member
Well sort of. If the money market upturns, you usually have a downturn in the bond and options markets. The arbitrage is to find the points in time when the market fluctuates. If you can catch a few good waves in the market, and are able to arbitrage, you can flip 1000% times earnings with little invested.
Trust me when I tell you, that the downturn in 2008 only left morons without money.
Almost all of the benefit of increased stock prices accrues to the top 10%. The "half of all Americans" you speak of generally have low account balances or only have retirement accounts, which means they aren't seeing much benefit.
nitro harley
Well-Known Member
Three or four years ago i bought some stock for 4.90 a share and then about a year later i sold it for 82.00 a share...I turned 7500 into 100,000.00 and then after I paid the capital gains tax I quit trading...So it was good for me...for now I watch and wait for it to crash again and at that time I might do it again maybe..
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