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csziggy

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Gender: Do not display
Hometown: Leon County, Florida
Member since: Tue Feb 12, 2008, 10:18 PM
Number of posts: 22,559

Journal Archives

Rasmussen just polled me - presidential race

Aside from who I was going to vote for in the presidential race - four way question - they wanted to know how I felt about the economy, if I owned a business, and if I had investments.

I'm in Florida, hope I help turn their next poll results BLUE!

A couple of notes about the Trump tax return from personal experience

Although I am not sure the losses were under the same rules - the time I am familiar with was in 1982, a lot earlier than Trump's 1995 return - here is my personal experience with carry back/forward rules:

In 1982 my husband and I had several small businesses. Although they were doing OK some things happened that threatened our cash flow. Ronald Reagan's IRS tightened the rules on writing off losses from "hobby" businesses against other income. The Florida state legislature passed a anti-paraphernalia law. A couple we had thought were friends stole a chunk of money from us.

My horse breeding business had been holding even but without right offs I could not maintain it. One of our major businesses was a head shop - while we joined the suit against the paraphernalia law, we could not afford to be arrested over the situation. Another business shared the store front and if we closed the head shop, it could not pay the rent. We lost money on the business that the "friends" stole money from us.

We had a third party company do an audit of our entire financial situation. The advice - close down the horse breeding business, close the head shop and any other business we did not want to personally work in full time. The second business in the store front could stay open if we didn't have any employees and if we were willing to work six days a week - it might have made a profit of $15,000a year. That was Plan A.

Plan B was to close all the businesses, sell off most of my broodmares and keep some personal horses, carry back our losses and get a big fat check from the IRS - enough money to restore our cash flow and take a breather while we though what to do next.

This was a no brainer - we got the advice in late November, had "Going out of Business" sales at the stores, bought out the lease on the store front, shut down our other businesses, and started selling mares. By December 31st we were no longer in business. I only had a few horses of my own. (A year or so later I began boarding other peoples' horses and that business continued until about 2000. I bred my horses as a hobby but not as a business.)

According to what one of the accountants told my husband the rules under which we could carry back the losses had been passed to benefit Ross Perot. Looking back at the history, EDS had lost a lot of money in the 1970s but when Ross Perot sold it about 1979 it was worth about a half billion dollars. Perot lobbied Congress to pass the carry forward provision. That meant when he sold the company, he could write off a lot of his gain in the sale of the company against his previous losses.

I don't know if this claim is true - it's too far back to find easily on the internet. When my husband heard the story,the sale of EDS was only a few years back, though, so the accountant could have been very aware of story.

Right now on CNN - Trump Foundation to CEASE solicitations per NY AC

No link, live now on CNN, Jim Acosta reporting.

NY AG orders Trump Foundation to cease solicitations. Cease & desist order!

Edited to add:

State Attorney General Orders Trump Foundation to Cease Raising Money in New York

By STEVE EDEROCT. 3, 2016

The office of New York Attorney General Eric T. Schneiderman has issued a “notice of violation” to Donald J. Trump’s foundation, ordering it to immediately stop soliciting donations in New York.

The letter, which was sent on Friday and released on Monday morning by Mr. Schneiderman’s office, said that its charities bureau had determined that the Donald J. Trump Foundation had been fund-raising in New York this year when it was not registered to do so under state law.

“The Trump Foundation must immediately cease soliciting contributions or engaging in any other fund-raising activities in New York,” wrote James Sheehan, the chief of the charities bureau.

Mr. Trump’s foundation has come under increasing scrutiny amid questions about his fulfillment of large charitable pledges and his lack of financial support in recent years.

More: http://www.nytimes.com/2016/10/04/us/politics/trump-foundation-money.html

Florida Dems file election complaint against Donald Trump in Pam Bondi deal

Scott Powers

Florida Democratic Party Chair Allison Tant filed a complaint Thursday with the Florida Elections Commission charging Donald Trump violated Florida law with his $25,000 donation to a committee supporting the re-election of Florida Attorney General Pam Bondi.

The complaint does not charge Bondi with any wrongdoing. And it doesn’t delve into the relationship between Trump and Bondi. Rather, it deals with what happened later as the money moved around.

The elections charge against Trump involves his 2013 Trump Foundation’s $25,000 donation to And Justice For All, a now-closed electioneering communications organization. The donation came as Bondi’s office was reviewing complaints against his Trump University. Bondi’s office decided not to investigate the complaints or join a lawsuit pursued by New York’s attorney general.

Democrats have characterized the donation as a bribe from Trump to Bondi to dissuade any investigation of Trump University. Trump and Bondi have both denied it.
http://floridapolitics.com/archives/222050-florida-dems-file-election-complaint-donald-trump-pam-bondi-deal

Patrick Murphy's new ad against Marco Rubio is brilliant!

If you haven't seen this Geico commercial it is not as funny, though:



Here is the Patrick Murphy ad:



I think they should have rented a llama for it!

It was a dark and stormy night. Then the lights went out and the wind started.

I had begun a message Thursday night with the first sentence above as the thread title. Then the lights went out.

Hermine was still off the coast but one of the rain bands came through the area. By 3 AM around 100,000 households had lost power. Although our electric coop is working hard, we still don't have power which means no water. I'm flushing the toilet with water I ran into a big muck bucket. Five scoops of water per flush, which happens only when stinky or full of solids.

This morning I went looking for caffeine. I bought caffeine tablets yesterday but they are not satisfying. Yesterday few stores and no restaurants were open, today more are but every place with coffee had huge lines.

The house was liveable until it got sunny today, stayed under 80 until then and my little ryobi fan was great. The first battery lasted almost 24 hours. I thought about finding a hotel room but there are none. Most of the hotels in town have no power either!

Yesterday my friend was told it could be two days to two weeks before she got power. She was at Lowes and bought the last generator off the truck. This morning her power was restored. Without asking, her husband brought the generator over, hooked it my fridge, put a window A/C in, and got my WiFi and TV connected! They might be Republicans, but they are great friends.

All for now. Writing on a tablet is hard and I haven't gotten much sleep.

Trump’s Empire: A Maze of Debts and Opaque Ties

The writer of this article was just on The Last Word with Lawrence O'Donnell on MSNBC. There is a wealth of info on Donald Trump's obligations to lenders that he has criticized.

Trump’s Empire: A Maze of Debts and Opaque Ties
By SUSANNE CRAIG
AUG. 20, 2016

On the campaign trail, Donald J. Trump, the Republican presidential nominee, has sold himself as a businessman who has made billions of dollars and is beholden to no one.

But an investigation by The New York Times into the financial maze of Mr. Trump’s real estate holdings in the United States reveals that companies he owns have at least $650 million in debt — twice the amount than can be gleaned from public filings he has made as part of his bid for the White House. The Times’s inquiry also found that Mr. Trump’s fortunes depend deeply on a wide array of financial backers, including one he has cited in attacks during his campaign.

For example, an office building on Avenue of the Americas in Manhattan, of which Mr. Trump is part owner, carries a $950 million loan. Among the lenders: the Bank of China, one of the largest banks in a country that Mr. Trump has railed against as an economic foe of the United States, and Goldman Sachs, a financial institution he has said controls Hillary Clinton, the Democratic nominee, after it paid her $675,000 in speaking fees.

<SNIP>

One of these investments involves an office tower at 1290 Avenue of Americas, near Rockefeller Center. In a typically complex deal, loan documents show that four lenders — German American Capital, a subsidiary of Deutsche Bank; UBS Real Estate Securities; Goldman Sachs Mortgage Company; and Bank of China — agreed in November 2012 to lend $950 million to the three companies that own the building. Those companies, obscurely named HWA 1290 III LLC, HWA 1290 IV LLC and HWA 1290 V LLC, are owned by three other companies in which Mr. Trump has stakes.

Much more: http://www.nytimes.com/2016/08/21/us/politics/donald-trump-debt.html

The Clinton Foundation should not be disbanded!

It does far too much good work.

The members of the Clinton family should take themselves out of the foundation. If still having the Clinton name on it bothers people, rename it The Obama Foundation and let Barack and Michelle Obama run it.

Gov. Scott’s undisclosed interest – via First Lady – in Zika mosquito control company

By Dan Christensen, FloridaBulldog.org
August 17, 2016 at 5:11 am

Florida Gov. Rick Scott has an undisclosed financial interest in a Zika mosquito control company in which his wife, Florida First Lady Ann Scott, owns a multi-million dollar stake through a private investment firm she co-owns.

The company is Mosquito Control Services LLC of Metairie, LA. According to its web site, MCS “is a fully-certified team of mosquito control experts – licensed throughout the Gulf Coast, including Louisiana, Georgia, Mississippi, Alabama and Florida.”

On June 23, Gov. Scott signed an executive order allocating $26.2 million in state emergency funds for Zika preparedness, including “mosquito surveillance and abatement, training for mosquito control technicians and enhanced laboratory capacity.”

It is not known whether MCS, whose services include monitoring and aerial spraying, stands to benefit from Florida government funds. Company manager Steven Pavlovich holds an active Florida “public health applicator” license with the Department of Agriculture and Consumer Services through April 2019, but MCS is not a registered state vendor. The Department of Health contracts with two other two mosquito control vendors.

Much more - including shady transfers of Scott's holdings to his wife and other possible conflicts of interest: http://www.floridabulldog.org/2016/08/gov-scotts-undisclosed-interest-in-zika-mosquito-control-company/


To quote the email that included this link, "This man deserves prison!"

I may have turned a trump voter!

I was talking to the young man that mows my yard about future things that will be happening at my house. I try to schedule him just before any meetings so the grass is under control and he is getting used to that.

I mentioned we will be doing get out the vote from my house next week and he said he might not vote. I told him he needs to vote and asked who he was thinking of voting for - he said Trump. I asked him as a independent business person (he's trying to start a lawn care business) how he would feel about someone who made a deal for his services, then once the work was done offered 70% or less of the agreed price. He didn't think that was acceptable - I told him Trump has done this over and over and told him how many times Trump has been sued. He was really disturbed about that!

Then he said something about Hillary's lies but when I asked him, he really didn't know any specifics, just general, "She's lied." I told him she really hasn't and talked with him a little about how long Hillary and Bill Clinton have been in the public eye and how many times they have been investigated. Then I mentioned that the only thing that ever stuck was that Bill lied about a blow job. He didn't know that was what Bill Clinton was impeached for and thought it was ridiculous!

He brought up the emails and Benghazi - I reminded him that Benghazi has been investigated five - or is it six - times and the only thing they found to criticize were the emails. Then I told him that if Hillary had used the Department of State computer system she could not have gotten her emails while she was traveling; that the "classified" emails were not sent by her and were not properly labeled.

By the time he left he was really thinking about what I'd told him. I recommended that he really read up on Trump and how Trump treats his contractors and workers - I think that will have the most effect on him as an independent business person.

Oh - and he questioned why Trump would want to be president with how wealthy he was - I told him many don't think Trump is as rich as he claims and discussed how running a campaign could be a money making scam.

Hopefully he will seriously think about what he heard today.
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