Anyone who pays property tax is in perpetual debt. If in doubt, stop paying.
Ukraine war Bullshit.
- Thread starter JAS-SH
- Start date
And you may break even due to the devaluing dollar from inflation.
True enough.
But still farther ahead than pulling all the cash out to pay off the mortgage.
meh
Hope you have a better day.
I'm having a fine day.
No cognitive dissonance here from failed attempts to reconcile ideological fantasies with real life.
One dimensional thinking represented as a clock. 
Define "modern".
Credit has been around for at least 4,000 years. The Code of Hammurabi allowed interest to be charged on loans to the tune of 20% or 30%.
Si.
Probably a few more similar examples.
If the lights are on and the water is flowing along with virtually any other "subscription" service you are likely purchasing these services on credit. Unless your credit is so bad they make you pay for next month's electricity and water in advance.
Why do you give example of costs? You give your work on credit and get paid (if) after you do it. Thats really poor example as what we are talking about and is relevant to Ukraine context is ability of society to manipulate. Now exhange society with commercial banks and/or government issued debt being a main driver of money creation and paired with abuse (over leverage or “too big to fall” or “social handouts or “ Ukies not paying back” and change or to and -> current fuckery and mess) you get modern society where money is created out of thin air, linked only to electronic trail of “we will in x years pay it back” and in a few years plenty of people will find out that its not only Ukies that aint gonna pay. Hence the push towards the war to thin the herd and make problems for the rest bigger than government issues IOUs and their inability to pay up.
I don't pay property tax, I live in Alabama.
. Sure it's "better" if you are all about the rat race. Many are not about keeping up with the Jones. Pay for the property and monthly add the payment amount minus 10% to the 15% investment leaves you cash in hand and a growing investment and freedom from debtors.
To each their own
Yep, No one has ever saved money by paying a mortgage. The reason all banks & mortgage company's always have slick adds telling you how its better to pay for something that own it outright. They have the none thinking in the palm of their hands with the debt leash ready to apply pressure anytime they want.
Pay for the property and monthly add the payment amount minus 10% to the 15% investment leaves you cash in hand and a growing investment and freedom from debtors.
To each their own
Dude, it's all about that credit rating!! They have been indoctrinating that forever. Kinda funny that if you are debt free and a vast amount of cash available that your credit rating is in the shitter. In debt so deep that it consumes 90% of your income and your credit rating is good.
The "how much can you afford to pay monthly" is the societal way.
Up is down, ect.
Laughing,... Yea, When you play by the rules of others, winning is never in the cards for you.
Better numerically.
Not interested in the Joneses, house is paid for, 2012 4runner is paid for, boat is paid for ... don't have any debt.
When I did have a mortgage it was at 3% as described above. Money in the bank was earning a lot more than 3% so it didn't make sense financial or numerical sense to take money out of the bank that was earning more interest than I was paying on the loan.
Not preaching for any particular lifestyle, just a real life example where debt is a tool not a noose.
Define "vast". I have no debt, I have a few years of liquid cash in the bank (separate from IRA/401k/etc) and my credit rating is in the 800s.
A very real issue.
Not everyone is talking in a Ukraine context. Someone espoused "no debt == freedom".
BULLETIN: Russia Captures Active-Duty NATO Military Officers and Intel Agent in Ukraine
And the reason you have money some where else, that is earning more interest, I am assuing a CD?? Is because they are using that money to give loans to others at much higher interests rates. Not financially sound loans. By what you are doing, you are part of that system.
So yeah, while you might benefit... They are using the money you are letting them hold, to fuck over some one else.
Thats where that interest they are payin you is coming from, another's folly.
Both sides have been well aware of this for years. The Russians decided to pull the mask off so, just maybe, willfully ignorant western npc drones will look even stupider than before.
OMG .. CD ... seriously? CDs haven't paid double digit interest since the 80s and even then barely.
Unless you're keeping all your money in your mattress or buried in jars in your yard you are participating in the same "fuckery". Choosing to let them use your money for free or for less than they're paying me isn't a virtue.
Nothing is free. For every winner there is a loser.
There is no system where everyone benefits equally like the participation trophies that were so popular with Gen Xers and Millennials.
You said money in the bank. Where are you keeping money that is gaining double digit interest, in a bank?
If you're old as fuck or a vet or have a permanent total disability you may get an exemption from State taxes in Alabama and a number of other states. Exemption from county taxes may vary by county.
He may still pay MUD taxes or other taxes ... "property tax" is a pretty specific dodge.
There are a number of states that give tax exemptions to old fucks, cripples and vets.
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Earlier I put bank in quotes like "bank". If if makes you feel better substitute "financial institution" for "bank".
I do have a year or so of "income" stored in an actual bank with actual checking and saving account but they don't pay dick. They are still using my money to finance bad purchase decisions but the low interest and dividends they pay me still make it marginally better than stuffing it in a mattress.
Where do you keep your money if "banks" are so evil?
Here once over 65 and S/S is your only verified income you pay no taxes on your primary residence, no matter number of bank accounts, their numbers, or total net worth. Free America is still a thing in some places,...
No you didn't, you said bank
Money invested in the market... is not money in the bank. Pull that shit out and lets talk about taxes.
You are fudging your words.
I am not discussing my financials on a public form other than to say I practice what I preach.
I literally copy and pasted the entire line i was referring to. You went somewhere else.
Money in the Market ain't money in hand. Try accessing it and see what happens.
Doubt all ya want, I really don't care.
But I am sure Jesus would be proud of this.
Guys while interesting how you make due lets try to keep on topic. Just the mere fact you’re discussing what you are makes you old fucks as young fucks don’t think in the same terms as “we” hence in 10-20 years this ponzi schemes will all collapse now alternative for which politicians are fighting is that young fucks disappear first through war.
Apologies for not putting the quotes everywhere or using specific enough language and for your inability to connect the dots from previous posts.
I can generally access it within 24 hours. But even genuine banks don't provide access to physical cash (money in hand) beyond a certain amount 24x7. Weekend or off hour "money in hand" is often limited to what you can get out of an ATM.
Unless, of course, you meant something different by "money in hand" but it wasnt' in quotes so I can't be sure.
Jesus wants you to loan money to your enemies for free.
It's not really all that interesting. Not much discussion happening really.
Block Indian student and work visas. Needs to be done anyway.
Yes that is correct for YOU.
BUT
Essentially the older folks don't have to pay property taxes but all the younger folks have to pay property taxes (and probably pay extra to make up the difference).
Trump trying to use tariffs as his new bully stick for every possible foreign policy whim that comes to his mind is going to backfire on America pretty hard in the end.
I'll bet the Indians are making WAY more money selling the Russian oil for a profit that they will perhaps not make.
Again Trump is repeating the STUPID and IDIOTIC line that "Tariff paid by India to the USA", he really thinks we are that stupid.
NO you idiot Trump, it's the USA citizens and corporations having to pay that tariff to the USA government if they happen to import stuff from India.
India doesn't pay anything.
Trump could end the war in the Ukraine if he told his Z boy to sign on the dotted line, but my guess is Trump now needs WWIII to distract folks from the fact that he's a puppet for the same folks that used Epstein to compile their blackmail list.
You're talking to a guy who claims to be "free" while living off (at least partially) an income stream generated directly from taxes and national debt.
Accepted, I was trying to figure out want sorta magic u tapped into. Mom worked for a bank for 20 years, I am no expert but have a decent idea about what they can do.
So what is this financial investment in “banks” you avoid capital gains taxes?
I know enough people who have played the market long term, when they actually went to put hands on that money had to pay the government a sizable chunk.
that is part of the Dave Ramsey idea. personally i have house F&C. prop tax like all serfs,monthly utilities. had no car payment until latest total wreck. i maintain no debt but auto. my reasoning was that my income can tank (pension,SS) with the coming collapse. that is just like your wages,investment income,etc. my thought is that i can maintain when things go bad with having some $ in bank. i know that will likely crash when everything else does,but...my thought is that when/if a crash comes i will be 1 of millions and gov will hopefully take a big hit and be unable to function at its current level so most of us might be ignored. LOL.
The other big con/bs indoctrinated into everyone is the mortgage interest deduction. Pay 3-4 dollars in interest to bank on mortgage to save a dollar on taxes. Figured that one out when I was young. Just another scheme to help banks make easy money, realtors more commission money, and get the populace to buy more home than they need.
No way to completely avoid taxes. It's all taxed as either short term, long term or income or whatever you want to call it depending on what vehicle you pull it out of, how much and when.
No magic, I have a certain amount of money on hand for living/emergency/etc. and would have had to take more money out of higher interest investments to pay down a lower interest mortgage.
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No way for us to avoid the government getting their cut of our income in whatever form we use.
Your understanding of biblical seems pretty limited.
Maybe it's a new testament vs old testament thing.Old testament allows interest to be charged under certain circumstances.
New testament advocates loans to enemies, even loans that may never be paid back.
Those folks were kicked out of the temple for desecrating the temple with non-worship activities which included money changing and selling merch. He kicked out merchants as well as money changers, maybe others but those are the only ones we were told about that I recall.
Banks don't have to have all the cash on hand to back a loan. To say "money is created" might be an overly simplified view. I don't know the arbiter. I tend to think everything money has an impact on inflation. I'm sure not everyone benefits from loans I guess it depends on how "harm" is defined.
The Old Testament clearly shows both the local's and God's view of charging interest as a way of plundering, spoiling and impoverishing others.Your understanding of biblical seems pretty limited.
Old testament allows interest to be charged under certain circumstances.
Israelites were not allowed to charge interest on loans to their fellow kind.
And at certain points in time all loans were wiped clean regardless.
However you could plunder, spoil and impoverish the goys all you wanted, and society encouraged you to do that.
Either it's in the bible or it's not. Just because you read the bible with a certain agenda in mind and ignore the parts that are inconvenient it doesn't make the words go away.
Sure banks "create" "money". Society will collapse because of it. We're 4,000+ years into the collapse caused by banking and loans already, I'm sure it will happen any day now.
The OT allowed the charging of interest to non-jews but forbade it against Jews - Deut 23:19-20. But Jews were charging fellow Israelites in the time of Nehemiah and the complaints came to him and he put a stop to it, with the lenders pledging not to charge their fellow Jews interest.
It is also noteworthy that they didn't use fiat currency and as a result didn't use constant printing to pay off prior debts and support ongoing profligate spending. That's the problem we have that has caused this whole issue.
Within the confines of the Ukraine fiasco that means that the US is borrowing fiat money and must pay it back with more debt and printed dollars. Inflation can never be allowed to go to zero, which means the money we have been funneling to Ukraine will never leave our debt balance but the financial load on the taxpayer will increase. Ultimately it only goes down one road.
You may know of people that are financially reckless, but you don't know anyone as financially reckless as Congress.
It is also noteworthy that they didn't use fiat currency and as a result didn't use constant printing to pay off prior debts and support ongoing profligate spending. That's the problem we have that has caused this whole issue.
Within the confines of the Ukraine fiasco that means that the US is borrowing fiat money and must pay it back with more debt and printed dollars. Inflation can never be allowed to go to zero, which means the money we have been funneling to Ukraine will never leave our debt balance but the financial load on the taxpayer will increase. Ultimately it only goes down one road.
You may know of people that are financially reckless, but you don't know anyone as financially reckless as Congress.
I never said they were. Old testament specifically says interest may be charged to "strangers" or "not brothers". So it's "allowed", not required, for strangers and specifically not allowed for brothers or congregation members or whatever you want to call them.
I don't *think* the new testament actually says interest may not be charged. It does say no one who asks should be turned away even if the loan or interest is never paid. There may be a spot in the new testament where jesus says "thou shalt not charge interest" but I don't recall it.
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