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Posts By I B Freeman
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re: Delta Airlines stands with Obama on immigration - I B Freeman
More on Delta's efforts to stop another airport in Atlanta [link=(http://qz.com/296786/why-delta-is-fighting-a-solution-to-the-chaos-at-the-busiest-airport-in-the-world/)]LINK[/link]...


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Political Talk
re: Stupid tax bill restores $1 biodiesel tax credit - I B Freeman
[quote]Is this true for targeted tax credits, in the administrative sense or does claiming the credits require justification from the company and verification by the government? Compared this process to a scenario where taxes are simply lower. Am I seriously seeing y'all argue that these are the sam...


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re: Those damn tax credits, they are bringing jobs to Lake Providence - I B Freeman
[quote]quote: In addition, Providence Foods is expected to utilize the state’s Enterprise Zone and Industrial Tax Exemption programs. So that is not a tax credit?[/quote] The state enterprise zone program is direct refund of taxes paid and are not credits in the sense biodiesel or film tax ...


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re: Donations to Ferguson bakery now over 200k - I B Freeman
[quote]ust cite the code. [/quote] Cite the code that says a gift to business is not income to the business??? I can't cite a code to something that does not exist. ...


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re: Those damn tax credits, they are bringing jobs to Lake Providence - I B Freeman
You see that no tax credits are involved don't you? What is involved is a gift of $245000 from the state to the city of Lake Providence. Lake Providence is going to own the plant saving the company the property tax it would incur. ...


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re: Donations to Ferguson bakery now over 200k - I B Freeman
[quote]ill that trump your CPA buddy? You have a bet then[/quote] Nope. I am offering a true liability incurring accountant's opinion. You want a lawyer friend to write some letter that carries no liability for the lawyer. You better think how outrageous your contention is. It is just stupi...


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re: Donations to Ferguson bakery now over 200k - I B Freeman
[quote]You are confused...again. A non profit allows someone giving a gift to deduct that gift. Not being a non profit does not change the character of the gift...just the deductibility to the donor. You are not restricted to giving only to non profits. As for the balance sheet...please poin...


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re: Donations to Ferguson bakery now over 200k - I B Freeman
[quote] I am speaking about the tax code and whether the gifts to this bakery are taxable as income[/quote] of course they are. This is not a non profit. [quote]ut irrelevant issues...like a balance sheet..[/quote] :lol: :lol: :lol: :rotflmao: :rotflmao: :rotflmao: When did a balance sh...


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Political Talk
re: Donations to Ferguson bakery now over 200k - I B Freeman
[quote]People are sending money to an individual. There is no business. The donors are receiving nothing in return for their gifts. How can you even try to argue that? [/quote] Well a simple secretary of state search reveals this [quote] Name(s) Natalie's Cakes & More,LLC Address ...


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re: Donations to Ferguson bakery now over 200k - I B Freeman
Boys where such things flow through a business is pretty much accounting 101. Are you going to name the GL accounts or not?? ...


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re: Donations to Ferguson bakery now over 200k - I B Freeman
[quote]By gift. You realize there is a tax code that defines these things, so we don't have to guess...right? Income is defined. Gift is defined. Guess which one these monies are defined as? Just stop. This is pretty basic stuff. Don't continue to argue something as simple as th[/quote] T...


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re: Stupid tax bill restores $1 biodiesel tax credit - I B Freeman
[quote]You support taxation over non taxation. [/quote] Where do I do that? Special treatment to a few taxpayers is a subsidy. It is essentially spending. Do you not agree unless the spending overall is reduced that giving a biodiesel tax credit results in additional tax and/or debt burdens on a...


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re: Donations to Ferguson bakery now over 200k - I B Freeman
[quote]So you are under the impression if 200k in gifts comes into a business and it is not an investment it is automatically income for tax purposes? [/quote] Give me an example of how it would come into business other than a loan or an equity investment that it would not be income? Where Mr...


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Political Talk
re: Opec meets, Oil breaks $70 - I B Freeman
The embargo worked because of price controls in the US. Without those price controls OPEC could have never put together the embargo in the seventies. Once Reagan removed the price controls no embargo has been possible....


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re: Donations to Ferguson bakery now over 200k - I B Freeman
[quote]The gifts were made to an individual in small amounts. You didn't read your own link and you look foolish for it. You're still wrong. As usual[/quote] "Gifts are non taxable" is what you so foolishly posted. If you sent $200000 to Exxon would that not be taxable? I think I will call ...


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re: Stupid tax bill restores $1 biodiesel tax credit - I B Freeman
[quote] not very rational with these matters.[/quote] Tell us all Mr. BBONDS25 how giving a tax credit to biodiesel blenders instead of check differs from a subsidy. I want across the board tax cuts and spending cuts. You advocate the rest of us pay more taxes so a few special interest pay ...


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re: Stupid tax bill restores $1 biodiesel tax credit - I B Freeman
[quote]It is clear you operate under the delusion that all income is owned by the government and it is their job to allow its citizens to keep some[/quote] What gives you that impression? Answer the question I poised to you in the previous post. [quote] Taxation, by definition, requires gr...


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re: Stupid tax bill restores $1 biodiesel tax credit - I B Freeman
[quote]Well if they aren't refundable or transferable then it is simply the government not taking taxes. There is no possibility for government outlay. It matters because it makes your premise regarding conservatives absurd. Taxation, by definition, requires more government involvement than non-taxa...


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re: Donations to Ferguson bakery now over 200k - I B Freeman
[quote]Good for her. I have no problem with people donating to an innocent victim.[/quote] This. Good for her. ...


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re: Stupid tax bill restores $1 biodiesel tax credit - I B Freeman
[quote]It's strange you won't address whether they are transferable or refundable credits. It is a yes or no question. [/quote] tell us BBOND. why does it matter? does that keep them from being a special interest tax concession?...


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Posts By I B Freeman