Sammer
join:2005-12-22
Canonsburg, PA | Note: Verizon wants taxpayers to pay for this Note that Verizon saves $600 million in federal taxes if this deal goes through even before Fairpoint asks for more tax dollars. |
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 ColorBASIC8-bit FunPremium
join:2006-12-29
Corona, CA | Saves isn't the same as GETS.
That's like saying taxpayers pay for your house because you take a mortgage interest deduction.
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Macintosh Users Group Serving the Inland Empire |
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Sammer
join:2005-12-22
Canonsburg, PA | As a matter of fact the mortgage deduction does help pay for a home. That's the point to encourage home ownership. However if you try to sell your house the government will expect you to pay taxes on the profit. Don't forget that Bell Atlantic (now Verizon) was never required to buy NYNEX in the first place and made promises to get approval to do so. |
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ColorBASIC8-bit FunPremium
join:2006-12-29
Corona, CA | Actually you would only pay capital gains if you don't buy another house. If you do buy another house, you get to take advantage of this "loophole" in tax avoidance.
In either case, taxpayers aren't paying anything. It's YOUR money to keep, just like it's Verizon's money to keep.
If you want an example of Verizon fleecing taxpayers, look at the billions for fiber deal where Verizon stole billions from PA taxpayers and didn't deploy crap.
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Macintosh Users Group Serving the Inland Empire |
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