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Reply #3: People seem to think if they have enough houses, rentals [View All]

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titaniumsalute Donating Member (558 posts) Send PM | Profile | Ignore Mon May-09-11 11:33 AM
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3. People seem to think if they have enough houses, rentals
they do not need to pay taxes. "Oh we took a big hit in the rental units so that's a write-off." Oh, we couldn't sell those two other homes so we wrote off the mortgage interest."

I say utter bullshit. They make a bad business investment fuck them. They can pay taxes like the rest of us. They drive on the same interstates, they land at the same airports, they use the same waterways for their boats, they eat the same regulated food, they eat at the regulated (health) restaurants, they live in the same country where the US Coast Guard protects our borders, etc. If they want the same things they need to pay for them like everyone else.

They use the same FDIC system that protects them when banks fail. They use the same FDA approved drugs so they don't die taking bad medicine. Some probably get big farm subsidies. Some probably get military pensions.

Oh, and when their mansions blow away they are the first to beg for Federal Assistance.
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