What's new
US Message Board 🦅 Political Discussion Forum

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Retirees must love Biden

Big Bend Texas

Platinum Member
Joined
Mar 14, 2022
Messages
9,251
Reaction score
5,152
Points
893
1653106678597.png

 

Rigby5

Gold Member
Joined
Apr 23, 2017
Messages
23,736
Reaction score
7,477
Points
265
Location
New Mexico
Appreciation is the increase in value over what you originally paid for it, that is how you get your adjusted basis for calculating depreciation as I showed.

You will still pay taxes either under capital gains or as income or both depending on the length of time you've owned a property at the time of sale.

Stop talking out of your ass.

That is just totally and completely a lie.
When you calculate depreciation, you do so on an annual basis, and it has absolutely NOTHING at all to do with the current value.
The most common form of real estate depreciation is 1/27.5th of the original cost, the straight method.
What you sell if for is totally irrelevant, and you many never sell it, so it current value can never be known.
There is no such thing as "appreciation" in term of taxes.
When you sell for more, that is capital gains, and you pay at the capital gains rate.
When you claim depreciation, that is to allow you to reclaim your initial investment, so you can move on and invest in other things.

The reality is landlords are allowed to quickly recoup most of their investment quickly with an accelerated depreciation schedule, and then can turn around and do a 1031 exchange, "like kind", to swap properties with another landlord, so both can then again fully depreciate on an accelerated schedule. This can be done infinitely.
 

Rigby5

Gold Member
Joined
Apr 23, 2017
Messages
23,736
Reaction score
7,477
Points
265
Location
New Mexico
Read the wording on the chart you posted idiot.

Provide a link to the source.

Who cares what the original author wanted to claim about food stamps?
That is totally irrelevant to the discussion about the size of defense spending as comparted to federal discretionary spending as a whole.
 

Big Bend Texas

Platinum Member
Joined
Mar 14, 2022
Messages
9,251
Reaction score
5,152
Points
893
Who cares what the original author wanted to claim about food stamps?
That is totally irrelevant to the discussion about the size of defense spending as comparted to federal discretionary spending as a whole.
You claim since you posted it.

Again, provide a source for that chart.
 

Big Bend Texas

Platinum Member
Joined
Mar 14, 2022
Messages
9,251
Reaction score
5,152
Points
893
That is just totally and completely a lie.
When you calculate depreciation, you do so on an annual basis, and it has absolutely NOTHING at all to do with the current value.
The most common form of real estate depreciation is 1/27.5th of the original cost, the straight method.
What you sell if for is totally irrelevant, and you many never sell it, so it current value can never be known.
There is no such thing as "appreciation" in term of taxes.
When you sell for more, that is capital gains, and you pay at the capital gains rate.
When you claim depreciation, that is to allow you to reclaim your initial investment, so you can move on and invest in other things.

The reality is landlords are allowed to quickly recoup most of their investment quickly with an accelerated depreciation schedule, and then can turn around and do a 1031 exchange, "like kind", to swap properties with another landlord, so both can then again fully depreciate on an accelerated schedule. This can be done infinitely.
The only liar here is yourself, I already provided a link to how that basis is adjusted for the depreciation calculation.
 

Rigby5

Gold Member
Joined
Apr 23, 2017
Messages
23,736
Reaction score
7,477
Points
265
Location
New Mexico
"Discretionary".

You really thought nobody would notice you now changing the bar?

You said it made up 65% of the budget.

You still need to supply a link to the source for your chart. Otherwise for all we know you pulled it out of your ass and can't support it.

The federal budge as proposed by a president and passed by Congress is ALWAYS ONLY the discretionary spending.
The mandatory spending is not up for anyone to propose or vote on.
For example, no one gets to propose or vote on paying the interest on the national debt, or on social security.
They are OUTSIDE the federal budget, and should never be shown on the budget pie chart.
If they are, then you can tell it is a fake federal spending piece of propaganda.

And since you already started lying, nothing you say is worth even bothering with.
 

Moonglow

Diamond Member
Joined
Jun 27, 2011
Messages
186,440
Reaction score
35,237
Points
2,220
Location
sw mizzouri
It started when he and the other commies passed a bill to pay workers more money to stay home than work. The bill funded additional unemployment benefits for a half of 2021. When employers have to compete with government for workers, that increases the cost of their products and services which get passed on to us, thus inflation.

When fuel began to increase, so did the cost of transportation of goods. Utilities like natural gas, propane and electricity added additional pressure to our labor and supply chain problems. You seen how much your bill went up to stay warm last winter. Imagine how much more money it took to heat a building of 200 employees!

Then when you add the borrowing of money for leftist pet projects like tearing down a bridge and rebuilding it because it's deemed racist, you have all the makings for an 8.5% inflation rate, and it's all leftist policies that created it.
I enjoyed all the free monies under Trump.
 

Big Bend Texas

Platinum Member
Joined
Mar 14, 2022
Messages
9,251
Reaction score
5,152
Points
893
The federal budge as proposed by a president and passed by Congress is ALWAYS ONLY the discretionary spending.
The mandatory spending is not up for anyone to propose or vote on.
For example, no one gets to propose or vote on paying the interest on the national debt, or on social security.
They are OUTSIDE the federal budget, and should never be shown on the budget pie chart.
If they are, then you can tell it is a fake federal spending piece of propaganda.

And since you already started lying, nothing you say is worth even bothering with.
You are now continuing to backpeddle and lie.
 

westwall

LET'S GO BRANDON!
Gold Supporting Member
Joined
Apr 21, 2010
Messages
80,146
Reaction score
37,432
Points
2,290
Location
Nevada
Yup, increased property taxes, can't feed themselves, can't pay their taxes, so they lose their homes.

Nice job brandon.
 

Rigby5

Gold Member
Joined
Apr 23, 2017
Messages
23,736
Reaction score
7,477
Points
265
Location
New Mexico

Rigby5

Gold Member
Joined
Apr 23, 2017
Messages
23,736
Reaction score
7,477
Points
265
Location
New Mexico
{...

Care for Veterans of the War on Terror

Every hour, taxpayers in the United States are paying
$70.09 million for Care for Veterans of the War on Terror.
...

Interest on War Debt

Every hour, taxpayers in the United States are paying
$9.25 million for Interest on War Debt.
...

State Department in War on Terror

Every hour, taxpayers in the United States are paying
$3.31 million for State Department in War on Terror.
...

Homeland Security Costs of War

Every hour, taxpayers in the United States are paying
$3.6 million for Homeland Security Costs of War.
...}
 

Big Bend Texas

Platinum Member
Joined
Mar 14, 2022
Messages
9,251
Reaction score
5,152
Points
893
And there you go lying again.
For example, your pie chart deliberately tries to lie and make defense spending appear smaller by breaking out #4, "Veterans' Benefits and Services", which obviously should be integral to #1, "defense".
You continue lying.

Veterans benefits have never been counting as "Military Spending" because the money does not come from the Military budget.

Quit lying and talking out of your ass and you'll spend far less tine trying to cover it up.
 

Big Bend Texas

Platinum Member
Joined
Mar 14, 2022
Messages
9,251
Reaction score
5,152
Points
893
{...

Care for Veterans of the War on Terror

Every hour, taxpayers in the United States are paying
$70.09 million for Care for Veterans of the War on Terror.
...

Interest on War Debt

Every hour, taxpayers in the United States are paying
$9.25 million for Interest on War Debt.
...

State Department in War on Terror

Every hour, taxpayers in the United States are paying
$3.31 million for State Department in War on Terror.
...

Homeland Security Costs of War

Every hour, taxpayers in the United States are paying
$3.6 million for Homeland Security Costs of War.
...}
More BS from unidentified and unverifiable source.
 

Rigby5

Gold Member
Joined
Apr 23, 2017
Messages
23,736
Reaction score
7,477
Points
265
Location
New Mexico
I've been buying houses since 1986 and never found that to be the case.

Wrong.
If not for competition from landlords, then housing would be much less expensive.
And how would you know unless you were a landlord and knew about all the write offs?
If you were buying your own home, you would have no idea what it would have cost if there were not landlords bidding on it and raising prices?
 

Moonglow

Diamond Member
Joined
Jun 27, 2011
Messages
186,440
Reaction score
35,237
Points
2,220
Location
sw mizzouri
Wrong.
If not for competition from landlords, then housing would be much less expensive.
And how would you know unless you were a landlord and knew about all the write offs?
If you were buying your own home, you would have no idea what it would have cost if there were not landlords bidding on it and raising prices?
How would I know, wow, it's like you think no one but you knows how to read the tax code.
 

Big Bend Texas

Platinum Member
Joined
Mar 14, 2022
Messages
9,251
Reaction score
5,152
Points
893
Wrong.
If not for competition from landlords, then housing would be much less expensive.
And how would you know unless you were a landlord and knew about all the write offs?
If you were buying your own home, you would have no idea what it would have cost if there were not landlords bidding on it and raising prices?
I've built and bought/sold many homes, none of which were ever bid on by "land Lords".

You continue just making shit up and we can all see it.
 

Rigby5

Gold Member
Joined
Apr 23, 2017
Messages
23,736
Reaction score
7,477
Points
265
Location
New Mexico
You continue lying.

Veterans benefits have never been counting as "Military Spending" because the money does not come from the Military budget.

Quit lying and talking out of your ass and you'll spend far less tine trying to cover it up.

Liar.
None of the money the military costs us come from the military.
It comes from us the taxpayers, and it is the military that causes us to have to pay for things like VA and GIBill.
We should also include all the money we were forced to spend on repairing all the damage the military illegally does, like rebuilding Iraq.
 

Rigby5

Gold Member
Joined
Apr 23, 2017
Messages
23,736
Reaction score
7,477
Points
265
Location
New Mexico
How would I know, wow, it's like you think no one but you knows how to read the tax code.

You said you were "buying houses" implying owner occupied.
So then why would you read additional tax schedules intended for landlords?
If your homes were owner occupied, then you do not get to write off depreciation, repairs, maintenance, remodels, etc.
 

Big Bend Texas

Platinum Member
Joined
Mar 14, 2022
Messages
9,251
Reaction score
5,152
Points
893
Liar.
None of the money the military costs us come from the military.
It comes from us the taxpayers, and it is the military that causes us to have to pay for things like VA and GIBill.
We should also include all the money we were forced to spend on repairing all the damage the military illegally does, like rebuilding Iraq.
So not only are you lying you continue moving the bar when each of your lies are exposed.

Active duty training and benefits are part of the military budget, veterans benefits never have been.
 

USMB Server Goals

Total amount
$115.00
Goal
$350.00

Most reactions - Past 7 days

Forum List

Top