taxes: Thoughts on the Foreclosure Bailout - 12/08/07 01:31 PM
Everyone has weighed in with their opinions about the proposed government bailout of some of the 1.2 million people facing foreclosure... I guess I'll toss out my nickel (side thought... if everyone that has offered an opinion actually gave up the nickel, WE could bail out the people facing foreclosure...)
I don't … (3 comments)

taxes: Dingell... YOU ARE AN IDIOT! - 12/06/07 11:51 PM
If you haven't been paying attention, Rep. John Dingell (D-MI) has floated an idea to eliminate the Home Mortgage Interest Deduction for homes over 3000 square feet. 
His points are:
The HMID "costs" US taxpayers $100,000,000/year.  McMansions are wasteful and contribute to global warming.It would reduce sprawl, and save energy in multiple … (8 comments)

taxes: Lane's crazy idea of the day - 10/01/07 11:22 PM
Barely after midnight, and I have already had my best crazy idea of the day...
In almost every form of motorsport, the drivers are festooned with the names of all of their benefactors.  As Kurt Busch stands in Victory Lane, chugging a Coke, wearing a Miller hat, and holding a quart of … (3 comments)

taxes: Imputed income - 10/01/07 11:08 PM
Familiar? 
Let me give you a quick idea of what it is.  Keep in mind that I am not a tax professional, or a lawyer... just a real estate agent. 
I guess the easiest way to say it is that it is phantom income.  For our current purposes, let's look at … (2 comments)

taxes: H is for Homestead - 09/01/07 12:07 PM
Simply put, a homestead is someone's primary residence.  The byproduct, for most places is the Homestead Exemption. 
One of the more important functions of the homestead is that it may shield a primary residence from loss due to bankruptcy or lawsuit.  We often forget about that aspect of the Homestead status, but … (0 comments)

taxes: D is for Due Diligence - 08/29/07 03:48 PM
Welcome to part four of my A-Z journey through real estate.  Of course, this isn't a definitive glossary of real estate terminology, techniques, strategies or idea, but rather just a few answers to questions.  Of course, for every question that gets answered, at least one new question is raised.  I guess … (0 comments)

taxes: Since I brought up the FairTax... - 08/10/07 03:37 PM
Since I brought it up, I figured I should post up how I believe real estate would be handled. 
The tax is only on new items and services.  So, obviously new homes would be taxed.  The tax would be included in the sale price when the home is sold the first … (1 comments)

taxes: It's time for the IRS to go! - 08/09/07 11:05 PM
Well, if you've wandered around my blog at all, you've probably figured out that I am opinionated, and libertarian in my views.  I have tried to keep my political opinions out of this blog, but I heard something today and it just chapped my hide... I can't take it anymore.
Some of … (4 comments)

 
Real Estate Agent: Lane Bailey - The REALTOR for Car People (Century 21 Network Realty)
Lane Bailey - The REALTOR for Car People
Duluth, GA
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Century 21 Network Realty

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