Obama wants to Raise Taxes, Good or Bad for the Economy?

Originally Posted by NoDrama

LOL its funny you would extol the virtues of Goat tax advantages when there are REAL HUGE tax advantages for owning Llamas and Alpacas. These are REAL tax Advantages. I am not trolling you or trying to make fun of you, they are REAL!!!
http://www.alpacas.com/resources/taxplanner.aspx
http://www.mor-llama.com/about_llamas.htm
http://www.ableoaks.com/tax.html

Truth: Still stranger than fiction!!

tons of llama and alpaca farms in this area, they hold a fair every may and people bring in their alpacas and llamas fro wyoming, idaho, montana, california, and elsewhere.

we'll be owning some when we settle down in a few years. some of the most efficient eaters ever, they are cheap to feed, too.

not to mention they don't shit everywhere, they shit in neat and tidy lines.

Raising taxes is never good for the economy, I don't believe anyone will disagree with that - however, I hear the constant wail over the debt and deficit and raising taxes can be good for that, especially when the current tax rate on the highest earners is currently so low.

Originally Posted by UncleBuck

tons of llama and alpaca farms in this area, they hold a fair every may and people bring in their alpacas and llamas fro wyoming, idaho, montana, california, and elsewhere.

we'll be owning some when we settle down in a few years. some of the most efficient eaters ever, they are cheap to feed, too.

And the tax advantages are AFUCKINMAZING!!

As a breeder you can depreciate a male or female alpaca used for breeding purposes over a five-year period. Breeding animals are considered a capitol asset. Furthermore, the first year that the capitol asset is acquired, there is a hyper depreciation of $100,000 which can be used as a business expense item. (See IRS Publication 225 section 179). In addition, production animals or equipment purchased in excess of this deduction can be depreciated over five years. Income derived from the sale of capitol assets is usually taxed at a lower rate than that of income derived from other sources, such as regular earnings. Any expenses, which you incur, such as veterinary care, feed bills, or any other costs associated with the raising and marketing of your alpacas, are deductible. As an active breeder there is also the ability to depreciate tangible property, such as barns and fences, as well as breeding stock to be considered.

Your alpaca farm may generate taxable losses that may be used to offset taxable income from other sources. Alpaca breeding is an excellent way to accomplish tax-deferred wealth building. The small farmer or investor can purchase several alpacas and allow the herd to grow without paying income taxes on the increased value of that herd.

If you agist your alpacas your tax advantages will vary from that of an active owner, but they will still be very attractive. The main difference will be that you will hold all of your expenses incurred in the raising of the alpacas to be used as deductions against your profit until such time as you sell the alpacas.


Copy and pasted bitches!!

Originally Posted by UncleBuck

not to mention they don't shit everywhere, they shit in neat and tidy lines.

It is nice when they shit in nice little piles that can easily be picked up, or even used as a handwarmer in the winter, if need arises.

Originally Posted by NoDrama

Nope, Id put it all into Federal Bonds. Small interest, but none of it is taxable. For now.

On the Real Estate front I would buy apartment buildings using the governments money, then slowly pay them back using amortized funds through depreciation of the property, then I would let the building run down and tell the government to subsidize me for more funds to fix it up, I would use those funds to destroy the property and then ask Government for another loan to develop a green energy solution on the property. Then I would run for political office.

What you do is pretend to do a community project and after the government buys up the land with eminent domain, tell them a new study shows no one wants that community service anymore and buy the land for less than the eminent domain grab.

Originally Posted by Canna Sylvan

What you do is pretend to do a community project and after the government buys up the land with eminent domain, tell them a new study shows no one wants that community service anymore and buy the land for less than the eminent domain grab.

Great idea! I can probably get me some of those Obama Bucks to do the research with too, get me a grant or something cool and taxpayer funded.

breaking stuff to prove its broken, how patriotic!