-people who live in 3000 sq ft homes with appraised values of $400K are usually not eligible for scholarships...
- scholarships are usually for college and very few are handed out for kids who want to go to private school if they have access to public school...
- someone posted the wedding announcement of this couple from 1992 (I think the link is in this thread)....the woman is actually from Bronxville; right down the road from where I am typing this now...in this announcement from 1992 it says the groom “owns Frost Woodworks in Baltimore”...hence he’s had the business for at least 15 years and non-profitable businesses usually don’t last that long....if in FACT they show an income of $45K and the guy owns his own business it could be a case where he actually makes $150K but shows less to avoid taxes....
Most expensive private schools offer LOTS of scholarships. I went to an expensive private school and had several classmates who were on full scholarships, including one who had 3 sisters also on full scholarship at the school. As for the home, it’s the equity in the home that would count, along with the parents income. Little home equity and very modest income can easily meet the test for a scholarship.
In the early 1990s real estate crash, I had a nephew on full scholarship at a very elite school. His family was living in a house which had recently been on the market for $12 million. The family never had any equity in the house. It was bought with 100% financing from a bank which felt it would easily resell at a huge profit after some renovations, which the family was well-qualified to oversee. After the family had to declare bankruptcy (the father was a mortgage broker and that business had dropped through the floor), the bank let them keep living in the house for several years at no cost, until the market recovered, since they maintained the place well. But they had very, very low income during those years. Just because a business has been profitable for a number of years, doesn’t mean it stays that way, whether due to a change in the economic cycle, new competitors, liability suits, or any number of other factors.
I have an acquaintence who is liberal to the core and vocal about his disgust with Rush Limbaugh et al. He has his own lawn care business and plays guitar on the side. More than once I heard him dismiss the notion of reporting his earnings as a musucian.
It's like, hey, if you're so in favor of all that taxation, why don't you want to participate in the game? Nothing worse than a liberal Democrat who refuses to put money where their mouth is. Maybe it's because their foot is taking up all that space.
I have an acquaintence who is liberal to the core and vocal about his disgust with Rush Limbaugh et al. He has his own lawn care business and plays guitar on the side. More than once I heard him dismiss the notion of reporting his earnings as a musician.
It's like, hey, if you're so in favor of all that taxation, why don't you want to participate in the game? Nothing worse than a liberal Democrat who refuses to put money where their mouth is. Maybe it's because their foot is taking up all that space.
if in FACT they show an income of $45K and the guy owns his own business it could be a case where he actually makes $150K but shows less to avoid taxes....
BINGO
If this family is only making $50K it's because the grandparents are paying for the kids education. Either they're intentionally keeping their incomes low or this guy is a spoiled rich brat that never will make any real money of his own.