To fix our country, we need a strong leader willing to break the rules?

[Mac1958]

Rules are broken by weak leaders, not strong ones.

Yep. And allowed by a weak populace.

When their lives are so miserable, they want a strong figure to save them. It's okay, he can break the rules. I'm sure he'll stop once he's in complete control. I'm sure this is just temporary. He won't go too far, I promise. He's the only one who can fix this, so it's okay.

We clearly haven't learned. Maybe memory fades too much after 90 years.

 

[Toddsterpatriot]

The term 'recapture' is misleading. It is the government that recaptures revenue lost through depreciation.

Are you sure that "if you are in a higher tax bracket when you sell you will pay more in taxes than you saved by depreciating the property"?

 

[Supposn]

Most real estate appreciates even if it falls into disrepair. When sold the IRS recaptures what you saved in taxes by depreciating the property by taxing the amount that you depreciated it by as ordinary income. And, if you are in a higher tax bracket when you sell you will pay more in taxes than you saved by depreciating the property.

Woodznutz, so most of those who choose to invest in real estate profit from their investments. The IRS taxes their profits. If you profit much more than you spend, you pay more taxes. But your not taxed on profits, until you've received them. The tax deductions for expenses and depreciation are written off annually.

Slumlords are among those investing in real estate. So what's your point? People shouldn't invest in anything because their profits are taxable? Respectfully, Supposn

 

[Supposn]

Among

Yep. And allowed by a weak populace.

When their lives are so miserable, they want a strong figure to save them. It's okay, he can break the rules. I'm sure he'll stop once he's in complete control. I'm sure this is just temporary. He won't go too far, I promise. He's the only one who can fix this, so it's okay.

We clearly haven't learned. Maybe memory fades too much after 90 years.

To fix our country, we need a strong leader willing to break the rules?
... I regret even among Germans, (who more comparatively recently experienced Hitler's Nazi historic regime), almost a ¼ of their nation believe the answer should be “Yes”. Among the majority of USA''s Republicans, (i.e. president Trump's supporters), their answers were“Yes”. Respectfully, Supposn

 

[Edgetho]

Scientific communism - Wikipedia

en.wikipedia.org

Scientific communism (Russian: научный коммунизм, nauchny kommunizm), is one of three major elements of Marxism. The communist literature defines it as "the science dealing with general socio-political laws and patterns, ways, forms and methods of changing society" along communist lines, according to the historical mission of the proletariat (the proletarian revolution); in other words, it is the science regarding the "working-class" struggle and the social revolution, about the supposed "laws behind the building of socialism and communism, and about the world revolutionary process as a whole."<a href="Scientific communism - Wikipedia"><span>[</span>1<span>]</span></a> In a broader sense, "scientific communism" can mean Marxism–Leninism as a whole; the "scientific expression of the radical interests and objectives involved in the struggle of the working class."<a href="Scientific communism - Wikipedia"><span>[</span>1<span>]</span></a><a href="Scientific communism - Wikipedia"><span>[</span>2<span>]</span></a> In other words, it was the Marxist-Leninist school of sociology.<a href="Scientific communism - Wikipedia"><span>[</span>3<span>]</span></a>

The term "scientific communism" has been already used by Marx, Engels, Lenin, and other early communists; however it was used in reference to their point of view on the socialist and communist movements in the world, rather than a separate entire scientific discipline.<a href="Scientific communism - Wikipedia"><span>[</span>3<span>]</span></a>

 

[Edgetho]

Most real estate appreciates even if it falls into disrepair. When sold the IRS recaptures what you saved in taxes by depreciating the property by taxing the amount that you depreciated it by as ordinary income. And, if you are in a higher tax bracket when you sell you will pay more in taxes than you saved by depreciating the property.

Why would you not be filing as a Sub Chapter S Corp? Or, if necessary, a C Corp?

Anybody that can't out-smart goobermint workers, some of the dumbest fukks on Earth (especially in the IRS), doesn't deserve to be in business anyway.

 

[berg80]

Woodznutz, as any real estate professional could tell you, real estate candepreciate. Among the most important considerations when evaluatingreal estate, is location, location, and location.

From an accounting standpoint you are conflating depreciation with a loss of retail value.

 

[martybegan]

To fix our country, we need a strong leader willing to break the rules?

Inregard to USA federal policies and leadership, although the opinions of foreign populations and their governments' leaders can to some extent affect us, it is the opinions of USA's voters and those who influence our federal government's policies that are of my much greater concern.
Regardinf those opinions, within the key finding of Ipso's polling the question, is there a need "To fix [country], we need a strong leader willing to break the rules?". (Refer to link, IpsosPopulism Report 2025 ).
I regret even among Germans, (who more comparatively recently experienced Hitler's Nazi historic regime), almost a ¼ of their nation believe the answer should be “Yes”. Among the majority of USA''s Republicans, (i.e. president Trump's supporters), their answers were“Yes”. Respectfully, Supposn

We just need someone willing to use the tools available, to not back down when confronted, but able to adjust when things don't work.

Trump is doing that now at the Federal level, DeSantis at the State level.

I am looking forward to a Vance/DeSantis primary in 2028.

 

[Edgetho]

Woodznutz, so most of those who choose to invest in real estate profit from their investments. The IRS taxes their profits. If you profit much more than you spend, you pay more taxes. But your not taxed on profits, until you've received them. The tax deductions for expenses and depreciation are written off annually.

Slumlords are among those investing in real estate. So what's your point? People shouldn't invest in anything because their profits are taxable? Respectfully, Supposn

I personally knew a guy, a former Hippie from Portland, that got somewhat rich being a slumlord.

We have lots of illegals in Florida. Lots. So he'd buy a run-down house in a shit neighborhood and rent it out, BY THE PERSON, to illegals. Not by the house, by the person.

So let's say he paid $120k for the house (a stretch), normal rent for a house is 10% of its value per year. In his case, $1,000 a Month. But he'd rent it out BY THE MAN, for $500 a Man per Month. Sometimes he'd have 8+ guys in there. They paid him by the Week or Month, depending, IN CASH.

The killer part is, they were grateful as hell. Never had any trouble with them. They'd come up for a few Months, make enough money to go home, spend it all and come back a few Months later. Rinse, lather, repeat.

 

[Woodznutz]

Are you sure that "if you are in a higher tax bracket when you sell you will pay more in taxes than you saved by depreciating the property"?

The 'recapture' is taxed as ordinary income. If one sells their income property after 20 or so years, it is likely that their income is higher. Unless of course they sell after they have retired and thus could have a lower income. Another caveat is that the money saved through depreciation was invested, which would mitigate losses as well.

 

[Woodznutz]

Woodznutz, so most of those who choose to invest in real estate profit from their investments.

Absolutely. I profited greatly from owning an apartment building for 18 years. It will fund my retirement. However, when I sold it, I paid taxes on the appreciated value and on the depreciation recapture.

 

[Woodznutz]

Why would you not be filing as a Sub Chapter S Corp? Or, if necessary, a C Corp?

Anybody that can't out-smart goobermint workers, some of the dumbest fukks on Earth (especially in the IRS), doesn't deserve to be in business anyway.

I like to keep things simple.

sub chapter s corp for rental property tax deduction - Search Videos

Watch videos instantly on Bing—enjoy direct playback, discover related clips, and dive into trending content all in one place.

www.bing.com

 

[Admiral Rockwell Tory]

Toddsterpatriot, Biden did defeat Medicare??? Respectfully, Supposn

He claimed he did in the debate!

 

[Edgetho]

I like to keep things simple.

sub chapter s corp for rental property tax deduction - Search Videos

Watch videos instantly on Bing—enjoy direct playback, discover related clips, and dive into trending content all in one place.

www.bing.com

How about a Limited Partnership? Or a C Corp? The people I know are just doing it as a Sole Proprietorship. I think. I don't pry that much.

From the "Tax Alchemist"? Yeah, right.

I live in South FLorida where there are more Real Estate Transactions in a day than some States see in a year. I know plenty of people that do very well buying, selling and renting Real Estate.

We currently have a POTUS that did okay in the Real Estate Industry as well. My Wife, I, my Boy and many of the people I know are, or have been, in the Real Estate Industry in one form or another for decades.

But we're in Florida. Kinda hard to go wrong in Florida. People that buy, sell, rent property in shitholes in NE, Kaliphony, Rocky Mountain Hype or the North........ Well, they're idiots.

Florida, Texas, South Carolina, Tennessee...... I dunno about too many other places, although I'm sure there are. But that's where you put your RE dollars. Not in the Shithole States. Any place where dimocrap FILTH have control, you can be sure of one thing -- They will run it into the ground. Dee-Troit is still giving houses away. For $1. No takers, though. Not that many stupid people around anymore

 

[Woodznutz]

How about a Limited Partnership? Or a C Corp? The people I know are just doing it as a Sole Proprietorship. I think. I don't pry that much.

From the "Tax Alchemist"? Yeah, right.

I live in South FLorida where there are more Real Estate Transactions in a day than some States see in a year. I know plenty of people that do very well buying, selling and renting Real Estate.

We currently have a POTUS that did okay in the Real Estate Industry as well. My Wife, I, my Boy and many of the people I know are, or have been, in the Real Estate Industry in one form or another for decades.

But we're in Florida. Kinda hard to go wrong in Florida. People that buy, sell, rent property in shitholes in NE, Kaliphony, Rocky Mountain Hype or the North........ Well, they're idiots.

Florida, Texas, South Carolina, Tennessee...... I dunno about too many other places, although I'm sure there are. But that's where you put your RE dollars. Not in the Shithole States. Any place where dimocrap FILTH have control, you can be sure of one thing -- They will run it into the ground. Dee-Troit is still giving houses away. For $1. No takers, though. Not that many stupid people around anymore

I made good money, gave the Devil his share, it's all good.

 

[Lesh]

To fix our country, we need a strong leader willing to break the rules?

Inregard to USA federal policies and leadership, although the opinions of foreign populations and their governments' leaders can to some extent affect us, it is the opinions of USA's voters and those who influence our federal government's policies that are of my much greater concern.
Regardinf those opinions, within the key finding of Ipso's polling the question, is there a need "To fix [country], we need a strong leader willing to break the rules?". (Refer to link, IpsosPopulism Report 2025 ).
I regret even among Germans, (who more comparatively recently experienced Hitler's Nazi historic regime), almost a ¼ of their nation believe the answer should be “Yes”. Among the majority of USA''s Republicans, (i.e. president Trump's supporters), their answers were“Yes”. Respectfully, Supposn

You mean “trash the Constitution ”

 

[Woodznutz]

We just need someone willing to use the tools available, to not back down when confronted, but able to adjust when things don't work.

Trump is doing that now at the Federal level, DeSantis at the State level.

I am looking forward to a Vance/DeSantis primary in 2028.

DeSantis would want to be on top of the ticket. If Trump isn't successful, it will likely hurt Vance's chances.

 

[martybegan]

DeSantis would want to be on top of the ticket. If Trump isn't successful, it will likely hurt Vance's chances.

The midterms will define Trumps ability to continue his work.

 

[Lesh]

The midterms will define Trumps ability to continue his work.

Trump doesn’t work

 

[martybegan]

Trump doesn’t work

And you don't think, power-bottom.