5 egregious tax loopholes that benefit the rich

[Matt1970]

I thought it was the Rightists in Congress harping on this ever since the Black dude got in office hence the previous Fiscal cliff clusterfuck at the hand of the Rightists.

Race card huh? When all else fails call the right a bunch of racist. You are truly pathetic.

 

[ivwshane]

Race card huh? When all else fails call the right a bunch of racist. You are truly pathetic.

Obama is black, the crying didn't start until he was in office, a fact was stated, there is nothing racist about it other than your own insecurity. He could have said Obama instead of black man and it still would have been correct. Now if he said the right only started complaining because the president is black then you might have a leg to stand on, he didn't.

 

[Matt1970]

Obama is black, the crying didn't start until he was in office, a fact was stated, there is nothing racist about it other than your own insecurity. He could have said Obama instead of black man and it still would have been correct. Now if he said the right only started complaining because the president is black then you might have a leg to stand on, he didn't.

Are you really that dumb? Bringing up race is playing the race card.

 

[blackangst1]

Yep, a huge ass $160 billion in a $1.3 Trillion deficit, that's a whopping 12% of the deficit. I am glad you see where the problem is. You are quite welcome.

Look, Matt. I know you know this. But Ausm is drunk on Obama juice and he is just just doing his part in exaggerating his master's Bush tax cut lies. Not lies so much as twisting the facts.

I'd put him on ignore, but that would leave me out of the fun he posts :awe:

 

[Matt1970]

Look, Matt. I know you know this. But Ausm is drunk on Obama juice and he is just just doing his part in exaggerating his master's Bush tax cut lies. Not lies so much as twisting the facts.

I'd put him on ignore, but that would leave me out of the fun he posts :awe:

Oh sure he is. And as you see from a couple posts above when you have poked enough holes in his lies he just calles you a racist and runs.

 

[DCal430]

Second-home mortgage interest deduction



Those who own a ski chalet in Aspen, Colo., an ocean-view getaway along Miami's South Beach or a pied-a-terre in New York City in which to rest after a late Broadway opening night usually are rich. And they get to write off the interest on those expensive second homes as an itemized deduction, for mortgage debt as high as $1 million.


Even more amazing, owners of luxury yachts can deduct mortgage interest on loans they took out to buy their mini-Queen Marys. That's right: The Internal Revenue Code says a boat can be considered a home as long as it has sleeping quarters, a kitchen and a toilet.

The home designation rules also mean that recreational vehicles could qualify as residences, providing owners of those luxury buses an added tax deduction, too.

This is wrong the limit of 1.1 Million is one the first and second home combined. If the first home has a $600,000 loan the second home is limited to a $500,000 loan.