As i self medicate, this idea will turn our economy around

[Forever_frost]

Sorry, but screw a bunch of debt forgiveness. People learn by being held accountable. When I moved to TX 10 years ago, I bought a modest house, out in the country, with a good commute to work. Most of my coworkers gave me grief and said that I should've bought a larger, more expensive house in town. Instead, I bought what I could afford, saved money, paid off cars, etc. Now, that is my rental property, and I have the house in town too (that I bought on the low end of the market). I paid my dues and made smart choices. If you forgive all the debt from the idiots that have a combined income of $65K a year, 2 leases on Range Rovers, and took and interest only loan on a $285K house, then they'll just go do it again.

I'm sorry for their situation, but they dug the hole -- lay in it. The same for the bank that lent them the money which they couldn't really qualify for. Tough shit.

Now, I'm going to go look for something to buy since rates are free falling. Time to make some money!

This. My home is 89k and in the middle of nowhere, but I can afford it. You do debt forgiveness and all you are doing is teaching irresponsibility

[Snatch Napkin]

and most small business owners dont put themselves there we are put there.... its not like i can walk in to cogress and start changing laws like billionares can

Alright, I will agree that some of the shit that I have to deal with from the Gov't was involuntarily placed on me. However, there are still plenty of ways to show off your profits and losses sheets to your CPA.

The point I'm trying to get to, in a really vague way, is to educate yourself on the tax laws that pertain to your particular income levels. Get an excellent CPA that doesn't mind you coming by for a pow wow session. It helps if you take him to lunch, BTW.

Make sure you can convey the intent of your message in a more professional manner than you have done here. Try not to allow that last part to be a jab at you, as you may very well speak more intelligently in person.

What do you do, if I might ask?

[Baba Ganoush]

Well I have ZERO debt. Everthing my ass touches is paid for, so no, I'm not about forgiving debt. Although, when the banks incorrectly lend money, then get a blank check, Joe thirtythousanare isn't all to blame. The sacrifice should have been shared, but it fell solely on the damn taxpayer. Shit's outta whack.

[Bad A$$ Coupe]

Alright, I will agree that some of the shit that I have to deal with from the Gov't was involuntarily placed on me. However, there are still plenty of ways to show off your profits and losses sheets to your CPA.

The point I'm trying to get to, in a really vague way, is to educate yourself on the tax laws that pertain to your particular income levels. Get an excellent CPA that doesn't mind you coming by for a pow wow session. It helps if you take him to lunch, BTW.

Make sure you can convey the intent of your message in a more professional manner than you have done here. Try not to allow that last part to be a jab at you, as you may very well speak more intelligently in person.

What do you do, if I might ask?

you are right about that last part, I own an automotive repair shop here in dallas, we work on anything but mainly european cars, bmw mb jag lr that kind of stuff.... i tend to stay on the high end vehicles because most of those kind of clients do not want to work on there own cars... we do okay...

[Denny]

This. My home is 89k and in the middle of nowhere, but I can afford it. You do debt forgiveness and all you are doing is teaching irresponsibility

No shit you're in the middle of nowhere! I'm going to look at some land over by the lake and just looked over the area through google earth.

[Forever_frost]

It's nowhere, no neighbors, just hundreds and thousands of acres of cattle and stocktanks and lakes. Bad comes to worse, I'm easily defensible with a minimal effort.

[SMEGMA STENCH]

How about you cut off the hand outs to the do nothings and pay nothings and reverse that money back to the "we the people" that fund it to begin with.

But then they couldn't do drugs while they sit at home on the couch.

[ceyko]

Is it me, or are all our problems simple to fix? Just we have to take our medicine and crack a few eggs to get it done? The list is long, but for starters...

1. Stop stimulus packages and bailing out companies that can't manage themselves. Maybe we'd be in a better spot if we'd taken our medicine 4 or so years ago instead of bailing companies out.

2. Get the hell out of Iraq and Afghanistan. I'm pro-military and supported both efforts, but enough is enough at this point.

3. Secure the borders for all the reasons beaten to death.

4. Reduce government spending, drastically. We may lose some of those special things we've become accustom to that is provided by the tax payers - but we can't continue down this path.

5. Let the consumers pay off their debt and smarten up from mistakes in the past.

6. IMO, make prison SUCK so bad that people tell horrible stories and NEVER want to go there in the first place.

7. Harshly control government assistance programs. If we do this and have people working for a living, it's a good thing. I don't think anyone wants to start at the bottom anymore, get skilled and move up from there to make better money. Just easier to get the same bottom feeder pay off the tax payer's, sit around and do crack or whatever the hell these losers do.

I know there more, and I know it won't be anything like "Yay! All fixed" and it'll suck for nearly everyone. However, what the hell other choices are there? Trying to keep everyone happy is not what is best for the country.

It's not different then a family budget and when some overspending happens. You have to tighten up. Get rid of the movie channels, cut back on ammo spending, pack your lunch instead of eating out...etc. No one really likes losing stuff, but if you just keep doing it you go bankrupt. I just don't understand I guess. I'm not educated, so it's all probably over my head...

[Snatch Napkin]

you are right about that last part, I own an automotive repair shop here in dallas, we work on anything but mainly european cars, bmw mb jag lr that kind of stuff.... i tend to stay on the high end vehicles because most of those kind of clients do not want to work on there own cars... we do okay...

That, sir, is an excellent train of thought.

Do you have a very good CPA? Not a mediocre one.

Do you have any rental properties?

[Denny]

That, sir, is an excellent train of thought.

Do you have a very good CPA? Not a mediocre one.

Do you have any rental properties?

Stop. Now you're just picking on the poor boy. LOL

[Snatch Napkin]

Stop. Now you're just picking on the poor boy. LOL

Well, all he has to do is get a minuscule understanding of his options as a business owner. Then talk to his CPA about how to keep his hard earned money.

It's really pretty simple to circumnavigate the oppressive tax laws placed on small business owners.

When 9/11 happened, I watched a lot of my friends lose everything they had because they weren't prepared for a sudden drop in consumerism that lasted as long as it did. It nearly did us in as well. Luckily, my father was already on top of it all. He has taught me very well.