A Positive News Story, About Ford No Less
The Black Dog of has been growling at my door. I'm not sure if it's the constant site crashes. Or TrueDelta extraction (a misplaced cure). Or the page view counter getting stuck. Or the RSS feeder developing anorexic. Or the enormous discrepancy between where we are and where TTAC could be. Needs to be. OCD is a cruel taskmaster. As is my passionate belief in this website's mission. I know I should just kick back and cash my paycheck and not give a shit. But that's not my nature. I didn't start TTAC to make money. And I'm not going to give up on it for money, either. So I'm fighting for our right to party. All I ask is your patronage and patience. Come Hell or high water, I will not let you– or myself– down. Meanwhile, I want to thank Ford for lifting my spirits. I applaud Ford Motor Credit's decision to give its tornado-ravaged Iowa customers a couple of months grace from their car payments. I could say something cynical about this, but I won't. Sometimes, you've gotta count your blessings and let it be.
The tax break I think exists for large trucks and SUVs thats why my friend a realtor specifically purchased a Ford Expedition which he was able to deduct the entire purchase price 100 percent from his taxable income. I believe the vehicle must be greater than 5000 pounds in weight. This tax break needs to either be eliminated or modified to include lighter vehicles
Menno, thats why I own real estate. My house is paid for and I also have 2 rental houses and a set of dupleses. If hyperinflation arrives my modest mortgages on the rental houses become worthless while the value of the houses increses. Thi is actally how many people made money during the 70s. Fixed rate mortgages make the banks holders of increasingly worthless loans while the underlying asset retains its actual value. The trick is to hold modest properties that can be rented out. I never put my money in flash or conspicusous consumption but rather income producing assets. I actually have a union blue color job but I laways invested my money over the last 18 years instead of spending it on toys.
The SUV tax credit is just another example of good intentions creating or making an existing problem worse. Our gubmint decides to "do something" for the economy by making the purchase of trucks more affordable (read "good intentions"), and adds to another problem by subsidizing SUV's. What do you think will happen if they pass the Climate Security Act of 2008? Think we'll have a few unintended consequences along the way with the economy? I shudder to think about it.
Sherman, sounds like you have put a lot of smart thoughts into your life and it works out well for you. Actually, I have been trying to talk Mrs. into buying a rental property - modest, yes. Anyway..... on another topic we've covered here, it looks like when I go on my vacation to Canada in July, I'd better keep my trap shut, or risk huge fines. Even the Catholic clergy is no longer immune to the insanity (and yes, before anyone even starts on me, I do realize that the United States is but a few years behind Canada in this new-world-fascist-leftist-feelgood-do-whatever-the-hell-you- want-except-be-devout foolishness). Read for yourselves. http://www.wnd.com/index.php?fa=PAGE.view&pageId=66247 I'd say perhaps it's time for the Mennonites, the Hutterites and other devout Christians to leave Canada and shake off their feet on the way out - except that, where would they go? This insanity is becoming world-wide and literally, the United States is only years if not months, behind enacting such onerous "laws".