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To: silverleaf

Section 2101 of the bill accomplishes this by considering anyone receiving rental income as “engaged in a trade or business.”

actually, that’s an improvement over us evil landlords receiving “unearned income”

but I don’t get this - we already have to be prepared to document every expenditure on the property to claim it as an expense


It also means you will be paying medicare tax on that income and we all know you will soon be paying social security tax on that income....................

Words have meanings...............


45 posted on 09/30/2010 1:21:37 PM PDT by PeterPrinciple ( Seeking the truth here folks.)
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To: PeterPrinciple

what “income”

I have a true negative cash flow on my rental, have for years, and this year after sitting vacant for 5 months (usually rented in a week) we are back to getting same rent we were able to get in 1999 :-(

I console myself with knowing obama gets less money if I get less money


52 posted on 09/30/2010 1:25:35 PM PDT by silverleaf (The lesser of two evils is still evil.)
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