meldawg399

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There is one factor that makes me discount the cheat. A mail in ballot has to be requested.

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Some states I believe automatically mail all registered voters a ballot...like MI.

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I stand corrected then. They must have changed that recently. When I opened my kids k12 START account a few year ago it didn’t not have the income tax deduction that the reg 529 had.

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I think there was confusion because there was a state income tax deduction for some amount of K-12 private school tuition paid. I think initially they thought the deduction would come from it being paid whether it was from a K-12 529 plan or parents' pocketbooks, but that left open earnings from the 529 plan that grew tax free to be used as a tax deduction when the tuition was paid. I think they updated the law a year or 2 later to deduct portions contributed to 529k plans but no deductions when those proceeds are used to pay tuition, but the deduction on the state income tax applies still applies to amounts paid out of parents' pocketbooks.

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Any profit i make over the next 5-10 years i want to pump directly back in to get things paid off. We have about $40k liquid and do well enough between my wife and I. High credit score. I just know i'll never get to where i want to be working a W2 job and i want to take the plunge. I want 50 properties in 10 years. I want this to be my job and to leave a legacy for my kids. I've been analyzing and reading and figuring for the past 8 years and done nothing. Time to shite or get off the pot.

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If you're in Louisiana, I'd think long and hard about even going into real estate with the insurance crisis. I've got a couple of rentals in Nola and between Ida repairs, insurance and property tax increases, HOA dues increases due to HOA insurance increases, I can't raise rents quickly enough to make money. Going backwards on cash flow compared to when I started. Terrible market right now to buy in. I've tried tor raise rents and tenants say they will have to move out-so I can keep good tenants in place at low rents or boot them and pay for repairs and float the monthly notes and expenses until the tenant is replaced 6 months later since contractors can't finish their work on the initial schedule they give. TBH, right now probably easier/better return to just do a S&P 500 fund or something like that.

Also IRS Form 8852 limits real estate losses; so if you have net income losses due to depreciation or cash flow, the IRS limits how much you can deduct on your taxes-so you could be at a cash flow loss but not be able to get income tax benefits from the cash you are paying out of pocket.

Your kids may not want the legacy. I've seen lots of friends that could go into the parents' business which is super profitable and the parents want them to but they don't care to do it. Don't create something for kids they may not want or may move away and can't manage. Markets are more liquid and probably better returns.

ETA-all were bought and initially financed as primary residences and were later converted to rentals. Insurance gets insane high when you flip it to a rental property from a primary residence. All were bought in years ranging 2011-2020. Good supposed market value appreciation-not sure if it is holding where they were 2-3 years ago. One is paid off and supplementing losses on others. First buy was a 15-year note which has about 3.5 years left (initially a 20 year balloon converted to a 15 year note a year later). Great equity position and burning through principle each month but the negative cash flow is eating me alive to the tune of $800/month.

Also note put 20% down on all.

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Not exactly.... hotel rooms are some of the highest of the sales taxes. Typically 13-19%, depending on which city/ state you are in

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If the government is paying for them to be in the hotels, the taxpayers are paying those taxes or the government entities are exempt from paying those taxes.

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Can someone explain why tips shouldn’t be taxed?

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To win NV?

Hopefully we move K-12 education to the TOPS model. If the state can pay TOPS funds to both public and private universities in-state, we should do the same follow the student type funding for K-12.

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A) name me a “non liberal” , unbiased newspaper.

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Well if anyone says "I can't back Landry because the liberal trial lawyers are behind him," that same person should disqualify Wags over the liberal, fake news endorsement.

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Wags has acknowledged the cuts to higher education during the Jindal admin. was bad then and would be bad in the future

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I disagree. We can’t cut enough education spending. Time to stop throwing good money at bad outcomes and cut our losses.

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T Or F: If He Could Run For A 3rd Consecutive Term, Louisiana Would Re-elect JBE Again

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He’s been more extreme leftist/shown more of his true colors in his 2nd term so I think based on how he’s governed, he’d get beat. If he’d have governed as he did in term #1, he’d have a much better chance at a third term if allowed.

ETA: also there wasn’t as much dirt throwing among R’s in JBE’s 2nd race compared to the first, resulting in a much tighter election. I think on the heels of 2 JBE victories in a row, R’s voters will ignore the mud slinging. Despite the barrage of TV, radio, and online attack ads hitting Landry (which may be because voters don’t use those media formats as much), these ads have not yet eroded his support. I think R voters are mostly pragmatically ignoring and tuning the noise out and coalescing around Landry because they want a R in office after 8 years of JBE.

They have their non-profit assistance fund to pay salaries and liberal funds from other states fund it to keep the doors open.