On Feb 3, 11:46 am, THE ANNOINTED ONE <[email protected]> wrote:
> Just remember this. Democrats actually believe that the best use for
> every single penny you earn is for it to be spent by government for
> what they love to call the "common good."
>
> and the republicans method is to spend money they don't have and never
> will.
>
> On Feb 3, 9:12 am, Philobealo <[email protected]> wrote:
>
>
>
> > Imputed Income Tax Scheme
> > Let's say that you've owned your home for about 20 years. For 20 years
> > your home has been appreciating in value ... big time. Your monthly
> > payments on that home are about $550 a month. Remember, it's a 20-year-
> > old loan made when the cost of your home was much, much less. There
> > isn't much of a home mortgage tax deduction left at this point since
> > you almost have the home paid off, and the bulk of your payments go to
> > principal instead of interest.
>
> > The very fact that you're living in such a nice home, and paying so
> > little, attracts the interest of Democrats. They know that there are a
> > lot of people in your neighborhood that paid a lot more for their
> > homes than you did, and their mortgage payments are a lot higher. Not
> > only that, but there are other people renting homes in your
> > neighborhood and they're paying much more than you are every month.
> > It's obvious that you're enjoying some great economic benefit due to
> > the fact that you've owned your home for so long and your payments are
> > so low. Well, where there's an economic benefit, there must be a tax!
>
> > Enter the concept of imputed income!
>
> > Under this wonderful plan, first floated by Clinton Democrats before
> > the voter revolution of 1994, the government would figure out how much
> > your home would rent for every month. To do this they would use all of
> > that census data they've gathered, plus any information that they can
> > develop on current sale and rental prices up and down your street.
>
> > Let's say that the government --- the IRS, if you will --- determines
> > that your home would rent for $3,250 a month. That would add up to
> > $39,000 a year. But the IRS discovers that you're only paying $550 a
> > month, or $6,600 a year in rent. Well, there's that economic benefit
> > you're enjoying by virtue of your long-term home ownership. The
> > economic benefit of your home ownership is the difference between the
> > $39,000 youshouldbe paying to live there, and the $6,600 you're
> > actually paying. Do the math. You're getting away with $32,400 every
> > year in non-taxed economic benefits!
>
> > The Democrat plan is simple. Just take that $32,400 and add it to your
> > taxable income on your next tax return. Then you get the privilege of
> > paying incometaxesto the federal government on the economic benefit
> > you derive from your long-term home ownership. The IRS has "evened the
> > playing field" in your neighborhood ... so to speak. Your neighbors
> > had topaytaxeson the full $39,000 they're paying to live down the
> > street ... now you're having to do the same. After all ... it's only
> > fair, right!
>
> > Just remember this. Democrats actually believe that the best use for
> > every single penny you earn is for it to be spent by government for
> > what they love to call the "common good." They will grudgingly allow
> > you to keep enough of your earnings to avoid your participation in a
> > full-scale tax revolt. A good Democrat knows that only Democrats and
> > the government know what is good for you, and that you will be so much
> > better off and your life oh so much better if you will just succumb to
> > the power of government and it's ability to care for you much better
> > than you can care for yourself.http://boortz.com/nuze/200611/11012006.html-
> > Hide quoted text -
>
> - Show quoted text -
>and the republicans method is to spend money they don't have and never
>will.
By that logic, Democrats are really Republicans.
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