Tuesday, February 11, 2020

I am disinclined to cover my share of the debt

I still have the my federal tax deal on the table, I can gert my name off the national debt, and forget about it.  Leave it up to my kids to determine the when and where he decides to deafault on the stuff.

But I have a hard time understanding the utility of doing the deal.  It is a complete hassle, I still have the unions after my ass and all it does is free up a property  I can sell.  Why not just keep the property, fuck the IRS and rent the property out? That has worked so far, an eventually he IRS will dump my latest taxes due bill in the round file.

It is a lot of things, the transaction costs of dealing with a government run by the likes of Inhofe and Cruz, this is not a worth while endeavor, and maybe I should return to the original pattern, just ignore the IRS demands for my money. 

The opposing idea is that I should take the opportunity to dump property before the union prop 13 tax attack.  But that tax attack impacts on another small partnership share I own, a commercial property subject to the union tax.  That one needs to be sold, but in a double sided trade, who wants to inherit the risk of a new commercial property tax?

This is all compounded by the fact that default time nears, and much of these tax issues will get bound into the larger question: What the frigg are we going to do with these ignorant senators, they will just keep causing problems.


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