was your father ever natutalized?<quoted text>Jagoff never heard of a retention schedule.
#123007 Nov 3, 2012
#123008 Nov 3, 2012
just saw this...
Really? I'll take the $2.7MILLION on that one deal over your cut and paste definitions any day!
When you have nothing to say...you cut and past definitions. That defines you perfectly, doesn't it.
You totally erroneous statement that I am a "dealer" is absolute BS and you know it-- or even worse, you don't. It isn't the size of the deal that makes you a dealer, it is the frequency and number of deals you have made in a particular year. Spread the wealth over time and you don't get nailed on ordinary income levels of taxation and that IS 100% legal, and follows exactly the definition of Real Estate Dealer" status by the IRS. I can chose to be a dealer if I want to be, but avoid that easily by choosing my timing.
Also, passive income is an IRS term, it doesn't suggest passivity, nor does it preclude massive write offs and business status. That is what you obviously do not understand. Again, your lack of knowledge and intelligence are showing. BTW, real estate income has more write-offs and tax advantages, as well as leverage advantages, than any other quadrant of the business spectrum. When all aspects of the investment world are considered, very few businesses out there can beat real estate in terms of income and profits. More millionaires are made in real estate than all other businesses combined. When you combine a successful business like Apple, etc. with real estate you have a powerful economic engine that is second to none. "Under all, is the real estate" is a term that is well known to those of us who understand what it means. Whole countries go to war over real estate and its inherent value. The reason is they aren't making any more of it, and the population pressures put a massive upward push on it's pricing, and value.
You should know that, but it is clear that you are just a poser in here. Nice try.
When you post a couple of deals we will talk about that. Until then keep posting your definitions, and making up stuff that totally exposes you as to your ignorance. Your last post here totally exposes you as a fraud, a wannabee, and loudly proclaims your TOTAL lack of both legal and financial knowledge. You are clearly delusional, poor, and desperate to get attention...no matter what kind it is. You might be able to fool one or two people in here, but not most of them, and certainly not me.
#123010 Nov 3, 2012
700 reasons to defeat Obama
The hour is late.
The most important presidential election in American history is right around the corner.
I only have 700 words to make my case for defeating Barack Obama, so I will dispense with adjectives and verbs and just provide a partial list of things to remember before you go to the polls – or to motivate you to go to the polls and vote for Mitt Romney.
Benghazi. Egypt. Syria. Libya. Iran. Bowing to Saudi king. The apology tour. The Muslim Brotherhood. Illegal foreign contributions to his campaign. Fast and Furious.
Bill Ayers, Jeremiah Wright. Van Jones. Anita Dunn. Czars. Abortion mandate. Obamacare. Debt. Joblessness. Audits of political enemies. His anti-business and anti-capitalist policies. His assaults on civil liberties and the Constitution. His faith in Big Government and statism. His stimulus policies. His top-down interference in the marketplace. His track record of diverting taxpayer money to his donors. His job-killing regulations. His executive orders. His plans for more forced redistribution of wealth both domestically and internationally. 3.6 million more on disability insurance. 110 million on welfare.
His lies. His character. His secrecy. His lawlessness. His hyper-partisanship. His divisiveness. His misguided priorities.
Hate-crimes laws. His support for same-sex marriage. His promotion of abortion on demand – including for reasons of sex selection. His support of infanticide.
Massive cuts in defense. His plan for a “civilian national security force” funded at the same level of the U.S. military.
His attacks on due process.
“You didn’t build that.” Falling wages. 47 million on food stamps. In 2009 the economy was generating $13.2 trillion in wealth annually. After borrowing $6 trillion, the economy is generating $13.6 trillion. Good investment? His promise to cut the deficit in half. His agreement that if the economy was not better after four years, he would be a one-term president.
“Green energy” scam. Climate-change fairy tales.
Only half of America paying taxes. Yet, even considering that fact, the average American must work 107 days just to make enough money to pay local, state and federal taxes.
When Obama took office in 2009, the average price for a gallon of gas was $1.85. The average American household spent $4,155 on gasoline during 2011. At the same time, the real median household income has declined by $4,300 since Obama entered the White House.
The poverty rate in the U.S. is 22 percent.
An average of 23 manufacturing facilities permanently shut down in the United States every single day during 2010.
30 percent of unemployed Americans have been out of work for 52 weeks or longer. 48 percent of all Americans are either considered to be “low income” or are living in poverty. 49.1 percent of all Americans live in a home where at least one person receives benefits from the government. And this is Obama’s constituency! This is his base.
Last year, 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed. Student loan debt is at $1 trillion.
95 percent of the jobs lost during the last recession were middle-class jobs. America is losing 500,000 jobs to China every single year. The national debt is rising by more than $2 million every single minute. 88 million working-age Americans are not employed and are not looking for employment – an all-time record high.
The U.S. national debt has risen $6 trillion since Obama took office. In his first three years in office, Obama added more to the national debt than the first 41 presidents combined.
And the biggest reason of all to defeat Obama next Tuesday is this: You ain’t seen nothing yet. If Obama created this disaster in his first four years, what will he do in his second four years when he is unaccountable for re-election?
As they say, fool me once, shame on you. Fool me twice, shame on me.
#123012 Nov 3, 2012
the poor SOB is still living in the "communist block".
#123013 Nov 3, 2012
We all know! This could lead to a very bad situation, like we ain't seen it before!!
When can 12 to 15 percent of the population dictate to the remainder what things are going to be!
#123014 Nov 3, 2012
Bill Maher is an idiot.
#123015 Nov 3, 2012
No, but he was neutered! LMAO!
#123016 Nov 3, 2012
PROOF Obama's ReElection = ANTCHRIST_______
Since: Jun 07
#123017 Nov 3, 2012
Isn't it cute when wojar pretends to know something about the law?
Nothing like google to create a bunch of know-it-all know-nothings.
#123018 Nov 3, 2012
Jesus H. Christ, that is another lie that Obama can put under his belt!
#123019 Nov 3, 2012
To date no document expert has examined Oblama's original BC from Hawaii and claimed it to be authentic, not FB* experts, No one. The hospital listed on his So called BC refuses to confirm their hospital as his place of birth, and his people have refused to explain why every BC from that hospital at that same time has an official state seal and appropriate signatures at the bottom, all missing from the one posted by Oblama on his website.
#123020 Nov 3, 2012
The Osambo is a fraud through and through. No doubt about it.
#123021 Nov 3, 2012
Point two ELLEN 1
There is no explanation why this man was named Barry Soetoro, why he was an Indonesian citizen then in the US living in Hawaii under his current name using a Connecticut SS#, there is no reports of any of these being legally changed.
At the least his last country of official citizenship was Indonesia, and there absolutely no legal reason for this man to have a Connecticut SS#.
When will you obot zealots stop perpetuating this Hawaian born myth, and get your heads out the hole you've been living in and look at the facts and lack of documentation from this man. He has fooled you! You are the ones who should be upset!
But then again you know this, that's why all the lefty loons have waisted four years of their lives trying to prove something they say is already proven! They just can't stand the fact that there are folks who see through the B$!
#123022 Nov 3, 2012
It doesn't make any difference on the outcome of the election, the "dogs of war" are on us!
Lock and Load!!!
#123023 Nov 3, 2012
obama screwed himself on day one with Wall St...
part 1/2 or 3-
Wall Street donors opening their checkbooks for Mitt Romney
The financial industry's support for the Republican nominee marks a sharp reversal from four years ago, when the industry supported Barack Obama over John McCain.
Republican presidential candidate Mitt Romney, left, and President Obama participate in the second presidential debate at Hofstra University in Hempstead, N.Y.(Saul Loeb, AFP/Getty Images / October 17, 2012)
Will Wall Street money make a difference on Election Day?
By Andrew Tangel and Walter Hamilton, Los Angeles Times
November 3, 2012, 5:00 a.m.
NEW YORK — Looking back, the end of Wall Street's love affair with President Obama came at a meeting in the Oval Office.
Surrounded by 13 of the nation's biggest financial CEOs, Obama fired the first shot: "My administration is all that stands between you and the pitchforks." A few months later he tongue-lashed them as "fat cats" and struck a populist tone to raise taxes on the rich and slap tough new regulations on their businesses.
There was no surprise after all this that financial executives would respond with their checkbooks. For every dollar that Wall Street has given to Obama this election, it has given three to Romney.
Election day might mark the official breakup between Wall Street and Obama. But, with the race as tight as it is, the question is whether the lopsided Romney support will help the industry or cause it four more years of agony.
"Money always wants a seat at the table," said Jeff Connaughton, a former lobbyist and political aide who has written about Wall Street's influence in Washington. "If Obama wins a second term, Wall Street is going to want to have a seat at that table and not a reelected president who feels spiteful."
Quiz: Test your knowledge of this week's business news
Wall Street has plenty of reasons to support Romney, the former Massachusetts governor.
Obama and a Democratic Congress put in place a far-reaching overhaul of the financial system known as Dodd-Frank. Critics contend that the law adds burdensome regulations that squeeze profits and hinder recovery.
Obama also supports raising taxes on the wealthy and investment managers. He has sometimes struck a populist tone amid complaints by Occupy Wall Street activists and other critics that no senior executives have gone to jail for causing the financial crisis.
The financial sector has bet big on Romney. The industry — including insurance and real estate — has so far sent $52.4 million in campaign donations to Romney, according to data compiled by the Center for Responsive Politics. That's almost 19% more spent on ousting Obama than the $44.2 million the financial sector spent on putting him into the White House in 2008.
If the president wins reelection, he wouldn't necessarily bring down the hammer on Wall Street. Even though Obama wouldn't be able to run again, congressional Democrats may still have to curry favor with the financial services industry, Connaughton noted.
Tuesday's election may be Wall Street's last chance to avoid the brunt of Dodd-Frank,
#123024 Nov 3, 2012
"...many of whose regulations have yet to go into effect. Romney has said he would "repeal and replace" the law, saying he supports certain provisions. Regulators have yet to implement many Dodd-Frank rules, including the controversial Volcker Rule that would sharply limit firms' ability to trade with their own funds.
"The real hope is, certainly if Romney becomes president, that it just won't be enforced," said Michael Greenberger, a former top Commodity Futures Trading Commission regulator who teaches law at the University of Maryland. "Wall Street is angry — it's pinching them, it's reducing their profits."
A Romney fundraiser in New York City last month drew investment bankers, hedge fund managers and other financiers. Among financial luminaries were Bob Diamond, former chief executive of the British banking giant Barclays, and Paul Singer, the hedge fund mogul who recently made headlines for seizing one of Argentina's navy ships over unpaid bonds.
Attendees voiced agreement with Romney's tax policies, support of smaller government and disappointment with Obama's handling of the economy and how the president has worked with business leaders.
The Obama administration has "really been harassing businesses," Bob Israel, a private equity manager, said at the Oct. 15 fundraiser, as benefactors dropped contributions into silver punch bowls on the third floor of the glitzy Hilton New York hotel in Midtown Manhattan. "The history of our country is not to hold up wealthy people as villains but as beacons, as magnets, as examples that you'd want to emulate."
As co-founder of Bain Capital, Romney helped pioneer the practice of buying out companies, turning them around and selling for a profit. Wall Street may feel inherently more comfortable with Romney, who can see the country's ills through a financier's lens.
"There's a belief out there that the Obama administration really doesn't have a firm grasp on underlying economics," Todd Hagerman, a banking analyst with Sterne Agee, said in a phone interview.
Either way, Wall Street's support of Romney marks a sharp reversal from 2008, when the deep-pocketed industry supported Obama over Sen. John McCain (R-Ariz.).
Then, donors in the securities and investment industries gave $16.6 million to Obama's campaign, but only $9.7 million to McCain's, according to data from the Center for Responsive Politics. The category includes employees of such firms as venture capital, hedge funds, stock exchanges and investment banks.
This election, only $6 million, or 23%, of Wall Street's cash to the two main presidential campaigns has gone to Obama, versus $19.7 million to Romney, as of Oct. 17, the CRP data show.
"Everybody's very focused on going the extra mile," John Lehman, a former Navy secretary who is now chairman of private equity firm J.F. Lehman & Co., said at the Romney fundraiser, which was headlined by his vice presidential running mate, Rep. Paul D. Ryan (R-Wis).
Notable in support for Romney is Goldman Sachs Group Inc., the powerful investment bank. Goldman Sachs donated more than $1 million to Obama when he first ran for president in 2008, while giving only $240,295 to McCain, according to the CRP data. The data reflect contributions by employees, immediate family and political action committees, not the organizations.
This time, Goldman ranks as Romney's No. 1 contributor, giving him $994,139, according to CRP data. Four other top Romney contributors include Wall Street powerhouses: Bank of America Corp., Morgan Stanley, JPMorgan Chase & Co. and Credit Suisse.
Obama has taken in only $184,925 from Goldman this election. Four years ago Goldman was the president's second-biggest contributor, but its ranking has sunk to 53rd.(Goldman's PAC did not donate to either campaign this election, according to the CRP.)
Not everyone in finance
continued to last part-
#123025 Nov 3, 2012
"...supports Romney, of course. Orin Kramer, who runs the hedge fund Boston Provident, praised Obama for taking unpopular steps to save the auto industry and financial system from collapse, and dismissed Romney as disingenuous.
"The arguments for Romney from sophisticated financial types … is that they'll cut their taxes and everyone else will pay for it, and he'll cut their regulatory costs," Kramer said. "But otherwise he's just reading from the script to get the deal done."
#123026 Nov 3, 2012
28 papers quit Obama to endorse Romney
''Enough' to a Democratic administration whose sincere best has turned out disappointing'
Published: 3 hours ago
(The Blaze) Do newspaper endorsements mean what they used to? Maybe not. But Mitt Romney has over one hundred of them, which is an impressive feat for a Republican. However, Romney’s ability to convert editorial boards away from their decisions to endorse President Obama four years ago is truly impressive.
To date, twenty-eight large newspapers have decided to drop their endorsement record with President Obama and put their chips all in on Romney. The blunt explanations for their decisions often gives way to some blistering critiques of the president, leaving the reader no doubt why these papers lost their faith over the last four years.
Read the full story ›
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Obama spoke today that people should vote for him, " for revenge".
This small mindedness and petty reasoning, makes me think that Obama
will be MUCH MORE DESTRUCTIVE TO THIS COUNTRY AS A LAME DUCK, than we
might anticipate. He will become even more dangerous.
37 minutes ago
LOL. Obama is losing ground everywhere. Only drones dumb enough to watch TeeVee news or read filth like PuffPo don't see Obama's loss coming.
1 hour ago
I beg to differ. You right wingers live in an alternate reality and will wake up with a headache on Wednesday wondering why the election wasn't even close.
39 minutes ago
in reply to krinks
M Subscribe by email
#123027 Nov 3, 2012
#123029 Nov 3, 2012
Dennis Miller Show (@DennisDMZ)
11/3/12 11:34 AM
Avenge those 4 souls who just lost their lives in Libya, Obama. Don't seek revenge against the 1/2 of us who think you're bad at your job.
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