0nelilreb
Don’t ask if you don’t want the truth .
- Joined
- Jun 29, 2010
- Messages
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I think all people are assets. It has nothing to do with genetics.I think people are people. I don't think it is wise to treat them as "assets". Otherwise we'd be genetically scanning kids at birth to cull the "others," then following up every few months to see if we are getting a return on our "investment."
You are going to make LG's head explode.Did the guy investing in real estate realuze 100k profit on the sale of the asset or was it simple appreciation?
Primary residence/vacation home/investment property?
Owned as individual, LLC, S Corp or C corp?
Did he pay his county and city property taxes while he owned?
Has he fully depreciated the asset?
Is he cashing out or reinvesting the money into another property or business?
Did the guy investing in real estate realuze 100k profit on the sale of the asset or was it simple appreciation?
Primary residence/vacation home/investment property?
Owned as individual, LLC, S Corp or C corp?
Did he pay his county and city property taxes while he owned?
Has he fully depreciated the asset?
Is he cashing out or reinvesting the money into another property or business?
These details matter. For example, if it was his primary residence which increased 100,000 and he sold it for $250,000 or less, and he lived in it for a minimum 2 years, then there is no tax on that money. And there shouldn't be.He didn’t specify so I assumed he sold it for $100k profit and treated it as income.
So you don't think people are assets?
If one person, absolutely one person, is given freedom from a hasty death penalty based on a wrongful conviction, then I will gladly pay to have your crazy cannibal stuck in a supermax prison for life. The moment the state murdered an innocent person is the moment the death penalty should have been abolished.What do we do with people that are too dangerous to be back out in society after ( just for example) kill and eat 10 kids/ people ?
Are we talking about abortion here?If one person, absolutely one person, is given freedom from a hasty death penalty based on a wrongful conviction, then I will gladly pay to have your crazy cannibal stuck in a supermax prison for life. The moment the state murdered an innocent person is the moment the death penalty should have been abolished.
These details matter. For example, if it was his primary residence which increased 100,000 and he sold it for $250,000 or less, and he lived in it for a minimum 2 years, then there is no tax on that money. And there shouldn't be.