Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
When you can post Bundys tax form......that might be relative.
WOW!
Hmmm, what you do not seem to understand is that all cost of business of any kind is taken off as a write off right off "in full amount "which shrinks the "taxable amount"...with the exception of large equipment expenses, etc., which are required to be split into 3-year, 5-year or longer portions of the full purchase price depending on what IRS decides is the productive life of same. So whether grazing fees are considered business expense or business improvement of some kind it still comes out to the same...shrinks bottom-line taxable income. The entire expenditure is written off in full, meaning no income tax is paid on that business expenditure. Business only pays income tax on "net profit."
So, if you want to get technical, no or lower grazing fees written off mean the net profit figure increases and more income tax is paid. We can get very picky/nitty-gritty on this but my main purpose is to explain the total misconceptions some on this thread have.
Hmmm, what you do not seem to understand is that all cost of business of any kind is taken "in full amount" with the exception of large equipment expenses, etc., which are required to be split into 3-year, 5-year or longer portions of the full depending on what IRS decides is the productive life of same. So whether grazing fees are considered business expense or business improvement of some kind it still comes out to the same. The entire expenditure is written off in full, meaning no income tax is paid on that business expenditure. Most business only pays income tax on "net profit."
So, if you want to get technical, no or lower grazing fees written off mean the net profit figure increases and more income tax is paid. We can get very picky/nitty-gritty on this but my main purpose is to explain the total misconceptions some on this thread have.
Good post.
And you did not have to resort to personal attacks to avoid the subject......that was refreshing.
Sure the costs of grazing fees would be deductible as a business expense. But the fines, interest for not paying these costs would not be deductible. This almost half of what Bundy owes. Also, it is doubtful that grazing fees from 20 years ago would be deductible today.
In fact....they are written off the year they are paid.....just as income is the year it made.
Interest is always deducible as are all legal costs.
He might have to add a schedule C.....but that is also legal.
Sure the costs of grazing fees would be deductible as a business expense. But the fines, interest for not paying these costs would not be deductible. This almost half of what Bundy owes. Also, it is doubtful that grazing fees from 20 years ago would be deductible today.
It is for my business. Why would it not be for his business? If it is the cost of doing business it gets deducted.... Period.
BTW....I do believe Bundy has had a judgment against him and should pay.....my point was the government (tax payers) will only have use of this money for a short time.
I also do not believe it is about the money in his view.
My personal dislike of the whole thing is the way the cattle was treated.
Last edited by CaseyB; 05-07-2014 at 06:07 PM..
Reason: response to deletion
Please make your way to Blanding Utah this Saturday May 10th 9AM to protest the BLM Closure of Recapture Canyon.
Blanding has been the site of many BLM overreach efforts, including the horrific BLM SWAT team raids that resulted in the deaths of three Blanding residents.
1) They want the right to tear up a canyon that the BLM has made off limits to ATVs. Utah is trying to get around federal ATV bans by declaring canyon bottoms as "highways".
2) The 3 dead above references FBI/BLM raids in 2009 that went after relic thieves poaching from ancient cliff dwellings. 2 of the poaches later committed suicide and an FBI informant also killed himself after being outed.
http://www.hcn.org/wotr/recapture-ca...egal-atv-trail
"Seven years ago, I first saw the archaeological damage that had been done to Utah’s Recapture Canyon. The extent of the destruction was stunning.
Somebody, or more likely several people, had created an illegal all-terrain vehicle trail on Bureau of Land Management land. Sections of the trail ran right through 1,000-year-old Ancestral Puebloan archaeological sites, bisecting one prehistoric village the size of a football field – all this in a place that archaeologists have described as a “mini-Mesa Verde.” The scar through Recapture Canyon, just east of Blanding, Utah, is seven miles long and four feet wide.
Please make your way to Blanding Utah this Saturday May 10th 9AM to protest the BLM Closure of Recapture Canyon.
Blanding has been the site of many BLM overreach efforts, including the horrific BLM SWAT team raids that resulted in the deaths of three Blanding residents.
1) They want the right to tear up a canyon that the BLM has made off limits to ATVs. Utah is trying to get around federal ATV bans by declaring canyon bottoms as "highways".
2) The 3 dead above references FBI/BLM raids in 2009 that went after relic thieves poaching from ancient cliff dwellings. 2 of the poaches later committed suicide and an FBI informant also killed himself after being outed.
Recapture Canyon and an illegal ATV trail — High Country News
"Seven years ago, I first saw the archaeological damage that had been done to Utah’s Recapture Canyon. The extent of the destruction was stunning.
Somebody, or more likely several people, had created an illegal all-terrain vehicle trail on Bureau of Land Management land. Sections of the trail ran right through 1,000-year-old Ancestral Puebloan archaeological sites, bisecting one prehistoric village the size of a football field – all this in a place that archaeologists have described as a “mini-Mesa Verde.” The scar through Recapture Canyon, just east of Blanding, Utah, is seven miles long and four feet wide.
Looks like the ATV group is doing things the right way this week-end and by following proper channels.
Good to know we live in a country where everyone's voice can be heard.
Looks like the ATV group is doing things the right way this week-end and by following proper channels.
Good to know we live in a country where everyone's voice can be heard.
Yes, they are going into an area they have been banned from for over 7 years, as a show of civil disobedience. The militia will be there and fully armed to prevent the bullies from bullying.
Nope. It is "community property" if you want a definition which means "all" the American "legal" public own public lands communally... meaning it is not broken down in shares. There are many "private" property developments in which a section of that property is set aside as "community property" and all home owners within that development own, share and use that community piece equally.
Ah, I see. It is the People's Property, to be used by each according to his needs. Bundy is in fact leading a Communist uprising. Suddenly it all makes sense - all Communist revolutionary literature stresses the necessity of arming the workers - and the farmers! The sickle in the Communist flags symbolizes just that - those who work the land. Why, East Germany called itself "the Workers' and Farmers' state".
Thanks for pointing that out.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Bundys head to Utah for Saturday Protest
