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This is an awesome thread. You have a pretty cool life and a pretty sweet job.Used Sunlight sales posted:So between the land and all the poo poo you need to run the operation, you just inherited four million bucks worth of stuff, say a floating note of about 50k on 8% as operating funds and no debt load. You can't farm less than 1,000 acres and make a living. Imagine you're living your current life, with the money you have in the bank and you get that call, what the gently caress do you do? Know what the taxes are going to be under Obama to transfer those assets? Fifty loving percent if it's under ten million. So now you're on the hook for a tax bill of two million bucks, due RIGHT NOW because, LOL IRS. Obama actually raised the Estate Tax credit to above $5.25 million so in your scenario you would actually pay $0. And if it was above that, you'd pay 40%. Andrew Carnegie has a lot to say about estate inheritance, specifically that it's good for people to will their assets to charity instead of their kids as to not spoil them. After all, the operative statement in that scenario was "you just got given $4 million worth of stuff." Used Sunlight sales posted:taking over an operation that will, in an average year cash flow about 100k profit, a bad year, maybe lose a hundred grand. Doesn't sound very lucrative, why wouldn't you sell?  Used Sunlight sales posted:The word sustainable, I have a problem with it. I think it means that we have to maintain things in the current hosed up state that they are in. I don't want that, I want things to get better. Sustainability doesn't mean "keep things the same" it means "the ability to support life without long-term damage to the ecosystem." So basically it means exactly what you want to do. You have some really inspiring thoughts about our place in the world, I'd like to hear more.
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May 20, 2013 02:48
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| # ¿ May 16, 2024 09:52 |
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