Magikusar's daily/weekly musings

[magikusar]

I am guna be really squaking when tax go up with obama tax hikes next year

[magikusar]

http://www.thegatewaypundit.com/2012/07/thanks-barack-obamacare-will-add-3-8-medicare-tax-on-sales-of-homes-condos-townhouses-and-rentals/

[Straw Man]

you actually own property ?

I can't believe there is anyone left in the country that still believes this myth

http://www.forbes.com/sites/beltway/2012/04/02/there-is-no-obamacare-tax-on-most-home-sales-really/

http://www.factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home/

[War-Horse]

Majik, 33333 and coach.   Why dont you start checking facts before you post.  You Intentionally lie when you post propaganda....is this a christian teaching?    Use factcheck.org even when it tells you your wrong....you'll look smarter actually.

[333386]

Majik, 33333 and coach.   Why dont you start checking facts before you post.  You Intentionally lie when you post propaganda....is this a christian teaching?    Use factcheck.org even when it tells you your wrong....you'll look smarter actually.

if you make more than 200k on the sale you py 3.8% tax.  This is accurate. 

[Shockwave]

if you make more than 200k on the sale you py 3.8% tax.  This is accurate. 

Well that's perfectly fine because if you make over 200k you're rich and you can afford it. 

[Straw Man]

if you make more than 200k on the sale you py 3.8% tax.  This is accurate. 

Wrong again....as usual

The current rule which excludes taxes on the first 250k in net profit  for individuals and 500k for couples for primary residences still applies

[magikusar]

have an honest conversation about how overpaid union people are vis a vis thier production

www.mises.org

[tbombz]

Its up to the owners of business to decide what an employee is worth. Not you.

[bears]

correct.  if its your primary residence this Obama tax is a great problem to have.  however if you have a rental property you want to unload and you barely manage to eek out a profit on the sale, those exclusions do not apply and you have to pay the tax.  so thats kind of bullshit but a lot of people make a real big deal out of nothing.   its not that bad of a tax.  but remember.  no single tax is ever going to be increased by a large amount.  government bleeds you slowly.  it's never one big wound.  it's a lot of little ones over a long period of time.

[Straw Man]

correct.  if its your primary residence this Obama tax is a great problem to have.  however if you have a rental property you want to unload and you barely manage to eek out a profit on the sale, those exclusions do not apply and you have to pay the tax.  so thats kind of bullshit but a lot of people make a real big deal out of nothing.   its not that bad of a tax.  but remember.  no single tax is ever going to be increased by a large amount.  government bleeds you slowly.  it's never one big wound.  it's a lot of little ones over a long period of time.

the exclusion of the first 250k profit for single or 500k for couple only ever applied to primary residecnce

in the example you gave, if you sell a rental and make a small profit you have the normal capital gains tax and you would only be subject to the addtional tax if you AGI > 200k

[GigantorX]

correct.  if its your primary residence this Obama tax is a great problem to have.  however if you have a rental property you want to unload and you barely manage to eek out a profit on the sale, those exclusions do not apply and you have to pay the tax.  so thats kind of bullshit but a lot of people make a real big deal out of nothing.   its not that bad of a tax.  but remember.  no single tax is ever going to be increased by a large amount.  government bleeds you slowly.  it's never one big wound.  it's a lot of little ones over a long period of time.

Very true.

[magikusar]

http://www.nydailynews.com/entertainment/tv-movies/fox-anchor-suspended-calling-rachel-maddow-angry-young-man-article-1.1201800#ixzz2CLGHy0Iv

[240 is Back]

BWAAHAHAHAHAHAHHAHA

maddow is actually the best at what she does.

[magikusar]

gota get rida post office n gov worker pensions ith unlimited health care

not earned

http://www.azcentral.com/news/politics/free/20121115post-office-finances.html

[Irongrip400]

Privatize that shit, or poach a CEO from FedEx to get that shit profitable.

[magikusar]

right

at being a foam at the mouth left wing extremeist bimbo

yep

[magikusar]

I would be ok if only it was. 


As it is, the government forces biz to deal with union.

Those laws should be wiped away.

Dems fight right to work in each state.

damage unioins cause to economy is catastrofic, without them we would have mass porduced housing and atomic powered electric megatrains long ago.

[WOOO]

american'ts amuse me

[Parker]

right

at being a foam at the mouth left wing extremeist bimbo

yep

Ok Rush go and smash a few oxys and chill.

[333386]

Madcow is a disgusting radical lezbo butch commie

[doison]

How old is he? 

[P.I.P]

I'd honestly rather watch that scary nun with the eye patch than Maddow.

 

[Pray_4_War]

People will "go after you" when you start actually answering direct questions and stop making up absurd excuses.  You don't need months of investigating to find out what happened when you watched the attack in real time.  Why did you order assets in the area to "stand down" and not help Americans that were under attack.  If it wasn't you that made that decision, then who the f**k was it?  It's a simple question.    

[POB]

Wrong again....as usual

The current rule which excludes taxes on the first 250k in net profit  for individuals and 500k for couples for primary residences still applies

This is correct...