I wonder if they flew one of these 747's to China on the trade mission last year, the one which the Gub's own Blind Trust manager, Paul Wachter, flew along on?
To: NormsRevenge
Lower taxes for arnold. I like it. I want lower taxes for you, me and the man behind the tree.
2 posted on
01/03/2006 10:27:38 AM PST by
staytrue
(MOONBAT conservatives are those who would rather lose to a liberal than support a moderate.)
To: NormsRevenge
"Typically, buying a jet and leasing it to an airline is such a huge investment, it is the stuff of specialty leasing corporations and billion-dollar hedge funds."
and "fly for free"...sweeeeeeet!
I like it!
sure beats dealing with the morons at the airlines and the airport! LOL
3 posted on
01/03/2006 10:28:08 AM PST by
kellynla
(U.S.M.C. 1st Battalion,5th Marine Regiment, 1st Marine Div. Viet Nam 69&70 Semper Fi)
To: NormsRevenge
He should have said the following:
< Austrian accent >
"Yes, absolutely, the jet is a tax shelter. Our tax laws are so insane that I have to legally launder money by buying a Singaporean jumbo jet, and then renting it right back to the same people I just bought it from, just to keep my tax bill down to a "measly" $18 million dollars! It's time to 'terminate' the IRS!"
< /Austrian >
When blamed for something that occurs only as a result of Big Stupid Government, it would be nice to embarass the media fools by going on the offensive about it.
5 posted on
01/03/2006 10:37:18 AM PST by
Turbopilot
(Nothing in the above post is or should be construed as legal research, analysis, or advice.)
To: NormsRevenge
deferred paying state and federal income taxes
Note this deferred paying taxes, not eliminated. Most business are interested in deferring taxes and buying that plane created a lot of employment.
6 posted on
01/03/2006 10:58:34 AM PST by
PeterPrinciple
(Seeking the truth here folks.)
To: NormsRevenge
...sale and lease-back deals are legal... Sweeet.
7 posted on
01/03/2006 11:22:20 AM PST by
b9
To: NormsRevenge
Last year, a U.S. District Court in Connecticut disallowed $106 million in tax losses claimed by the now-defunct Long Term Capital Holdings hedge fund in connection with cross-border leasing deals that involved Babcock & Brown... Long Term Capital Holdings? Ahhh... a fine client list B&B has. What a bunch of crooks (imo).
To: NormsRevenge
Wachter is quite the operator, no? Arnold's blind trust manager, President of Arnold's After-School All-Stars (afterschool programs?), UC Regent (appointed by Arnie), long term cohort of Bobby Shriver, ex Shroeder executive (while Tony Coelho was CEO) and currently the chair of the Austrian Holocaust Reparations Committee. Another Kennedy clone.
To: NormsRevenge
This must have been buried pretty deep in order to this to only surface now as an issue.
21 posted on
01/03/2006 2:55:39 PM PST by
Wiseghy
("You want to break this army? Then break your word to it.")
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