Want to buy Bluebird

[Gardner Yeaw]

Have you seen the new tax form? It only has two lines.
1. How much did you make last year
2. Send in in.

Gardner
78FC33

--- In WanderlodgeForum@yahoogroups.com, "Gregory OConnor"
wrote:
>
> Leroy, I still think the best 'write off' is 'a day off'. Too much
> effort and energy to reduce taxable income via maxamizing the
> expense variable. I look forward to a time when I can minimize
> income and be relaxed and comfortable. State audits are cleaning
up
> on folks that write off internet no stax purchases and depreciate
> out of state vehicles.
>
> GregoryO'Connor
> 94ptRomolandCa
>
> . --- In WanderlodgeForum@yahoogroups.com, Leroy Eckert
> wrote:
> >
> > One needs a simultanious equation to figure out the tax man.
There
> are far to many variables. By the way, those points on the credit
> card which allow you to fly free aren't free. It is taxable is
> income. After all, the good folks in DC need their check every
other
> week for the rest of their life. Of course, it makes no difference
if
> one is never audited.
> > Nothing is free in life, it just appears that way. lol
> >
> > Jon wrote: --- In
> WanderlodgeForum@yahoogroups.com, "Jon" wrote:
> > >
> > > --- In WanderlodgeForum@yahoogroups.com, "Gregory OConnor"
> > > wrote:
> > > >
> > > > If you want it , buy it. If you cant afford it, borrow it.
> > > >
> > > > I understood 'Good reasons to finance stories' were
> > justifications
> > > > for making a financed purchase. A reflective look at my
> position
> > > > reveal that my "financing is for idiodt theories" ARE
healing
> > > > justifications wence turned down for a loan.
> > > >
> > > >
> > > >
> > > > GregoryO'Connor
> > > > 94ptRomolandCa
> > > > "Motorhomes with slides are for idiots"
> > > >
> > > >
> > > > --- In WanderlodgeForum@yahoogroups.com, "Ryan Wright"
> > > > wrote:
> > > > >
> > > > > On Nov 23, 2007 1:35 PM, martingregg598
> wrote:
> > > > > >
> > > > > > Financing may be the way to go. Let's say that you are
> going
> > to
> > > > buy a
> > > > > > $100,000 plus BB. If you get a 20 year note at 6%
> interest
> > for
> > > > 100g,
> > > > > > the unit qualifies as a second home and you can deduct
> the
> > > > interest,
> > > > > > and you leave your 100g properly invested returning an
> > average
> > > > of say
> > > > > > 10 %, you are making a 4%- plus gain every year on
your
> 100g
> > > > > > (depending on your specific tax situation).
> > > > >
> > > > > Sort of, not exactly. You need to take money out of that
> $100g
> > > every
> > > > > month to make the payments on the coach, so you're going
to
> > slowly
> > > > > dwindle it down, reducing your return. Unless you make
the
> > > payments
> > > > > out of your income, in which case I don't think you'll be
> all
> > that
> > > > > well off. Follow me here:
> > > > >
> > > > > In your example the payment would be $716.43 per month.
If
> you
> > > take
> > > > > that same money and invest it at 10% over 20 years
instead
> of
> > > paying
> > > > > it to the bank, compounded monthly you'd have almost
$550k.
> > > > >
> > > > > On the other hand, if you leave your $100k in the bank
for
> 20
> > > years
> > > > > and don't pay any extra into it because you're making
> payments
> > on
> > > > the
> > > > > coach, at the end of the 20 years you'd have about $730k.
> > > > >
> > > > > Now 730 - 550 = $180k. Interestingly enough, at the end
of
> the
> > 20
> > > > > years you'll have sent about $172k to the bank to pay for
> your
> > > $100k
> > > > > coach. Which leaves you only $8,000 ahead by financing it
> and
> > > > keeping
> > > > > your money in the bank.
> > > > >
> > > > > Let's look at the risk you get for your $8,000: You risk
an
> > income
> > > > > crisis and not having the ability to repay your loan. If
the
> > > market
> > > > > happens to be down about the same time, which is often
the
> case
> > in
> > > > > financial hardships (Murphy's Law), you risk losing your
> > > portfolio
> > > > as
> > > > > you yank everything out in a down market to get the
> creditors
> > off
> > > > your
> > > > > back. You risk huge spikes in interest rates and fees
should
> > you
> > > > miss
> > > > > a payment by accident.
> > > > >
> > > > > Is it worth it? Not to me. Assuming you have the
discipline
> to
> > > > > re-invest the money you would have otherwise sent to the
> bank,
> > I'm
> > > > > paying cash for the coach and rebuilding my portfolio out
of
> my
> > > > > income.
> > > > >
> > > > > Now, if you're actually able to itemize the interest out
on
> your
> > > > > taxes, you might -- MIGHT -- be able to recover enough to
> make
> > it
> > > > > worth the effort. Typically, though, that isn't the case.
> The
> > > > standard
> > > > > deduction will typically be higher than the interest on
the
> > coach
> > > so
> > > > > unless you have other major things to itemize, you're no
> money
> > > ahead
> > > > > with the tax man.
> > > > >
> > > > > In my experience, financing for the interest or tax
savings
> is
> > > > usually
> > > > > a negative to zero sum game, or otherwise close enough as
to
> > make
> > > it
> > > > > not worth the risk and/or the hassle.
> > > > >
> > > > > -Ryan
> > > > >
> > > >
> > > I guess I'm from the old school of financing and that is pay
for
> it
> > > with cash!!! I really believe that is what is wrong with
America
> > > economy today and that is everything is on time payments.
What
> > > happen to the days that when you bought something and you
paid
> for
> > it
> > > or you did not get it? Oh well if a person wants to pay 10
> percent
> > > interest on anything than go for it but for me its cash only
and
> > save
> > > paying the interest. Product of the depression with a
> depression
> > > attitude! Jon
> > >
> > > Jon
> > > Rebel Bird
> >
> > On that cash items I was talking about I do use my credit card
but
> > pay it oft at the end of the month. One big advantage to using
> the
> > credit card is that I have saved up enough points to take two
> round
> > trip flight anywhere in the USA for FREE this year. Jon
> > Rebel Bird
> > 1978 Special
> >
> > >
> >
> >
> >
> >
> >
> >
> > Leroy Eckert
> > 1990 WB-40 "Smoke N Mirrors"
> > Dahlonega, GA
> >
> > ---------------------------------
> > Be a better pen pal. Text or chat with friends inside Yahoo!
Mail.
> See how.
> >
> > [Non-text portions of this message have been removed]
> >
>