How the Mortgage Interest Deduction Could Change

tekkychick said:
Not at all. The way all of you insult evince/Desh, I don't blame her for insulting you. You dish it out, you should take it.

And she does it with style!
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Why am I not surprised by your response? Poor Desh NEVER dishes it. No she is an itty bitty victim. I get it

Have a blessed day
 
I Love America said:
Apparently Tekkychick doesn't mind when you insult people. Odd isn't it?

But, nevertheless. Here is another article for you to peruse. It only matters how the IRS defines it. Surely you aren't saying the IRS i.e. the gobblement is wrong are you? I know you didn't like Wiki even though you use it all the time. Maybe it isn't a good source for you anymore. So I found you another.


http://voices.yahoo.com/what-passive-income-8838151.html


According to the IRS, there are only two sources for passive income. The first is rental activity (2). This category includes real estate rental activities (unless under certain circumstances) and all other rental activities (even if you are an active participant)(1). The second source is a business that the taxpayer does not materially participate in (2). This usually means that you're a non-participating partner in a business. That's it. Just because you make money without having to work for it does not automatically make it passive income (2).

As I said before don't be pissed at me. Be pissed at the gobblement, which we know can never happen because the gobblement is good. The gobblement cares. It is OK that you are a 1%er gouging the little guy. It is OK that the IRS sees you as no different that Paris Hilton. Embrace your inner capitalist. Go forth. Speak truth to power sister.

I will accept your apology anytime you are willing to offer it up.
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Hey Desh, I know you didn't like Wiki (your favorite source) and you obviously didn't like my Yahoo. So I took the liberty of finding an unimpeachable source to resolve our disagreement (that being I am right and you are wrong). Here is a link to the IRS. You know that wonderful organization that you look to to manage your healthcare now? This is how they define PASSIVE INCOME

http://www.irs.gov/Businesses/Small...tivity-Loss-ATG----Chapter-3,-Passive-Income-

You will notice that it is the complete opposite of what you claimed. Now, I understand that you aren't a tax attorney or an accountant, so I can forgive your ignorance on this issue. I am also sure that you think that because you paint a house after it is vacated that you are an "active participant". But, at the end of the day, what really matters is how the IRS defines it. And we know that you think the gobblement is the final word in all things unless you want to see our country killed?

Here are some salient points for you to nibble on.

Passive Income
Passive income can only be generated by a passive activity. Just because the taxpayer did not work for the income does not mean it is passive. There are only two sources for passive income:
a rental activity; or,
a business in which the taxpayer does not materially participate.

Now take a look at what they count as not being passive income. This is going to BLOW your mind

While the following may seem passive, generally none are passive income:
Portfolio income, including interest, dividends, royalties, annuities and gains on stocks and bonds; [1]
Lottery winnings;[2]
Salaries, wages, Form 1099-Misc. commissions and retirement income;[3]
Guaranteed payments for services; and,[4]
Income from any activity in which the taxpayer materially participates.[5]
Even if generated by a passive activity, portfolio income is non-passive.

Now, I realize that a PWNAGE of this nature is going to be a lot for you to digest. So I will accept your non reply to this post as both a concession and an apology. Of course maybe you will fight on and maintain that because you MANAGE your properties that it is not PASSIVE INCOME. Maybe you will argue that the IRS is WRONG. I don't know. You have stated in the past that when presented with FACTS you would change your mind. Well, you have been presented with FACTS not ONCE but THREE times. The only question remaining is whether you will acknowledge you were WRONG and I was RIGHT, or will you sink deeper into cognitive dissonance.

Have a blessed day :)
 
I Love America said:
Why am I not surprised by your response? Poor Desh NEVER dishes it. No she is an itty bitty victim. I get it
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Never said Desh is a victim. Never said she doesn't dish it out. You've tried to victimize her. You and others insult her up one side and down the other. She gives it back to you. Why should I tell her not to fight back? Is it just you like women to be passive, to take your insults and not fight back? Well, screw that.

You want her to stop insulting you, stop insulting her. Even with your "new" attitude, you still insult her at every turn.

Oh, no, she isn't a victim. She's a winner.
 
tekkychick said:
Never said Desh is a victim. Never said she doesn't dish it out. You've tried to victimize her. You and others insult her up one side and down the other. She gives it back to you. Why should I tell her not to fight back? Is it just you like women to be passive, to take your insults and not fight back? Well, screw that.

You want her to stop insulting you, stop insulting her. Even with your "new" attitude, you still insult her at every turn.

Oh, no, she isn't a victim. She's a winner.
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Great post!
 
tekkychick said:
really? Lottery income is considered non-passive? now that's a funny definition.
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I would probably tend to agree, but I am not the one making the definition the IRS is and Desh was 100% wrong. In fact, per IRS definitions her claim that someone sitting around collecting dividends is collecting passive income is 100% wrong.

Now being wrong isn't a sin. We are all wrong sometimes. It is her certainty and inability to admit she is wrong that is at issue. Maybe you can help her see the err of her ways?
 
tekkychick said:
Never said Desh is a victim. Never said she doesn't dish it out. You've tried to victimize her. You and others insult her up one side and down the other. She gives it back to you. Why should I tell her not to fight back? Is it just you like women to be passive, to take your insults and not fight back? Well, screw that.

You want her to stop insulting you, stop insulting her. Even with your "new" attitude, you still insult her at every turn.

Oh, no, she isn't a victim. She's a winner.
Click to expand...

Well, you are new here, so I would be a little careful in claiming "who started" it. It is very often that Desh draws first blood. Of course you won't see that as in your world she, you and Darla are never the aggressors. You don't have chips on your shoulders. No you are soldiering on for all of womankind tearing down the walls of "oppression" in your march toward "equality".

I don't expect you to see it because of your biases. I don't even expect you to be consistent in your actions or words. I have come to accept that is the way most liberals are. But, I will call it out. Have a nice day.

That you can't see that Desh was completely and utterly wrong on this thread says as much about you as it does about here.
 
tekkychick said:
Never said Desh is a victim. Never said she doesn't dish it out. You've tried to victimize her. You and others insult her up one side and down the other. She gives it back to you. Why should I tell her not to fight back? Is it just you like women to be passive, to take your insults and not fight back? Well, screw that.

You want her to stop insulting you, stop insulting her. Even with your "new" attitude, you still insult her at every turn.

Oh, no, she isn't a victim. She's a winner.
Click to expand...

that you call her a WINNER even after she just got PWND is a stunning revelation about you. Even in defeat she is a winner huh? She put up a good fight I guess?
 
tekkychick said:
I have to say I agree with Threedee. ILA and Superfreak using "dear", "sweetie", "sugar" when they obviously don't mean it is offensive. It's also demeaning because they only use it when they're putting down women.

Threedee, hope I haven't questioned your sexuality or make cracks about your sex in any of my answers to you.
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1) I have never used sugar or sweetie
2) I have used 'dear'... when I am deliberately being an ass... that said, I do it to both men and women... so you are incorrect on that part of your point... but definitely used when I am talking down to moronic liberals :)
 
Superfreak said:
1) I have never used sugar or sweetie
2) I have used 'dear'... when I am deliberately being an ass... that said, I do it to both men and women... so you are incorrect on that part of your point... but definitely used when I am talking down to moronic liberals :)
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The "dear" was from your post. Glad to know you know it's an a*holish thing to do.
 
ps - SF, I was trying not to JUST beat up on ILA this time by bringing in another example, thus bringing you in to it. You are not as egregious an offender as ILA is.
 
Superfreak said:
exactly... and he prefers manwhore... so you are even.
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No I know, I realized after I posted that he would take manwhore as a compliment!

That said, I was really just busting on him a bit, I wasn't offended and I hope I didn't embarrass Cawacko. He is a scholar and a gentleman!

Um, Well...he's a gentleman...
 
Darla said:
No I know, I realized after I posted that he would take manwhore as a compliment!

That said, I was really just busting on him a bit, I wasn't offended and I hope I didn't embarrass Cawacko. He is a scholar and a gentleman!

Um, Well...he's a gentleman...
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That's right, don't insult me by calling me a scholar. I is an intellectual.
 
I Love America said:
Hey Desh, I know you didn't like Wiki (your favorite source) and you obviously didn't like my Yahoo. So I took the liberty of finding an unimpeachable source to resolve our disagreement (that being I am right and you are wrong). Here is a link to the IRS. You know that wonderful organization that you look to to manage your healthcare now? This is how they define PASSIVE INCOME

http://www.irs.gov/Businesses/Small...tivity-Loss-ATG----Chapter-3,-Passive-Income-

You will notice that it is the complete opposite of what you claimed. Now, I understand that you aren't a tax attorney or an accountant, so I can forgive your ignorance on this issue. I am also sure that you think that because you paint a house after it is vacated that you are an "active participant". But, at the end of the day, what really matters is how the IRS defines it. And we know that you think the gobblement is the final word in all things unless you want to see our country killed?

Here are some salient points for you to nibble on.

Passive Income
Passive income can only be generated by a passive activity. Just because the taxpayer did not work for the income does not mean it is passive. There are only two sources for passive income:
a rental activity; or,
a business in which the taxpayer does not materially participate.

Now take a look at what they count as not being passive income. This is going to BLOW your mind

While the following may seem passive, generally none are passive income:
Portfolio income, including interest, dividends, royalties, annuities and gains on stocks and bonds; [1]
Lottery winnings;[2]
Salaries, wages, Form 1099-Misc. commissions and retirement income;[3]
Guaranteed payments for services; and,[4]
Income from any activity in which the taxpayer materially participates.[5]
Even if generated by a passive activity, portfolio income is non-passive.

Now, I realize that a PWNAGE of this nature is going to be a lot for you to digest. So I will accept your non reply to this post as both a concession and an apology. Of course maybe you will fight on and maintain that because you MANAGE your properties that it is not PASSIVE INCOME. Maybe you will argue that the IRS is WRONG. I don't know. You have stated in the past that when presented with FACTS you would change your mind. Well, you have been presented with FACTS not ONCE but THREE times. The only question remaining is whether you will acknowledge you were WRONG and I was RIGHT, or will you sink deeper into cognitive dissonance.

Have a blessed day :)
Click to expand...

Bump for Desh
 
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