HDTenEightyP/NetNews huggingface dataset:
From: owens@jonquil.uchicago.edu (Christopher Owens)
Subject: Re: HR 4848 Raises Inheritance Taxes by Lowering 600K cap to 200K
Organization: University of Chicago Computing Organizations
Distribution: usa
Date: Wed, 14 Oct 1992 18:37:08 GMT

In <1992Oct13.195354.13243@pony.Ingres.COM> www@Ingres.COM (Bill White) writes:

>In article <1992Oct9.205458.27887@crd.ge.com> Ligon@macgw1.ge.com (Woody Ligon) writes:

WL> For example, using the above numbers and a 31% rate on a 200A farm
WL> would mean that  a farmer's children would have to come up with 31K in  
WL> inheritance taxes.  For most 200 acre farms that would be at least 1 years 
WL> net income!  What a nice present on the death of your parent! 

BW> I guess that's what insurance is for.

Insurance doesn't create money out of thin air, it merely allows the
family, in effect, to pre-pay the expected estate tax by making
premium payments to an insurance company.  It might be less risky than
trying to save up $31K by regular investment in case the farm owner
dies at an unexpectedly young age, but it does not change the fact
that, if Woody Ligon's figures are correct, the family will lose to
estate taxes about a year's income from the property at the death of
the farm owner.

(If you want to pick nits, at a 31% estate tax marginal rate you'll
 need a $45K life insurance policy, not a $31K one.)
From: "hilary miller" <hilary.miller@execnet.com>
Newsgroups: misc.taxes
Subject: wanted state tax rate
Date: 8 Oct 92 17:07:49 EST
Reply-To: "hilary miller" <hilary.miller@execnet.com>
Distribution: misc
Organization: Executive Networks Information


Steven L. Finberg, in a message to All on 10-07-92 at 2:41am, said:

SL>|I am looking for comparative tax rates, specifically state income, inve
   |and inheritance taxes.  Any sugestions where to look for rate tables?
   |Currently PA and Florida are of the most interest.
   |One big surprise was from a broker who said Florida has a 1.5% tax on t
   |value of a residents portfolio.  Can this be true?
   |Which is the best state to retire to?
   |_______________________________________________________________________

          Go to your local library and look for the CCH State Tax
          Service (or its P-H equivalent).  Florida has no personal
          income tax and no succession tax, and is generally considered
          to be the best place to retire (in the U.S., that is).  It
          does tax "intangibles" but the, er, compliance rate is not
          what it might be.


   L A
 I    R        Hilary B. Miller of Greenwich, Connecticut
  H/\Y         CIS: 76040,1743
    
---
  DeLuxe 1.25 #11645  Heisenberg may have been here.
--
Executive Network Information System  (914) 667-4567
International ILink Host
Newsgroups: misc.taxes
From: sheffiel@bobcat.lmc.edu (Susie Sheffield )
Subject: Re: 1992 Exemption
Organization: Lees-McRae College, Banner Elk, NC
Date: Tue, 13 Oct 1992 00:26:37 GMT

In article <921008.084747@3Mail.3Com.COM> Thomas_Guenther@3mail.3com.com writes:

>Can anyone please tell me what the standard deduction for each
>dependent will be for 1992?  Thanks.

>Tom Guenther

The personal exemption is what I believe you want.  That is
2,300 for each dependent for 1992.
**************************************************
Susie Sheffield
Business Administration
Lees-McRae College         sheffiel@bobcat.lmc.edu
**************************************************
From: dana@hcxio.hdw.csd.harris.com (Dan Aksel)
Newsgroups: misc.taxes
Subject: Re: Help determining deduction for utilities
Date: 14 Oct 1992 12:58:11 GMT
Organization: Harris Computer Systems Division, Ft. Lauderdale FL
NNTP-Posting-Host: hcxio.hdw.csd.harris.com

In article <1992Oct13.163936.28919@aplcen.apl.jhu.edu> rsl@aplpy.jhuapl.edu (Russell S. Laderer) writes:
>I know someone out there can help.
>
>My wife runs a home day care business.  She is open from 7AM to 6PM weekdays.

There is a special form that you file for deducting expenses of a home day
care business.  Normally these expenses are taken on Schedule C.  Big brother
has created a special form "just for you."

The principal of allocating home use expenses is as follows:

100% of the home is used for daycare 7A-6P.  That is 11 hrs/day.
I assume 5 days per week.

Business use = 5/7 * 11/24 = 0.3274

Expenses are allocated just like a home office:

1. Items which are normally 100% deductible elsewhere on the return
   Examples: Taxes, Mortgage Interest

2. Items which are related to the business
   Examples: Home Owners Insurance, Gas, Water, Sewer, Electric, Garbage

3. Items which effect basis
   Example: Depreciation of the home.

First you calculate your gross income from daycare.  Next you deduct ALL
operating expenses such as snacks for the kids, the repainting of the wall
they colored on, diapers, wipes, gifts, fees for the checks they bounced...

If you're losing money at this point no other deduction is allowed.

If you're still on the making money side allocate the expenses above in the
order shown and multiply each by 0.3274.  The minute your income is reduced
to zero you must stop.  The remaining deductions are lost forever.
---
Dan Aksel
From: "hilary miller" <hilary.miller@execnet.com>
Newsgroups: misc.taxes
Subject: question on protectin
Date: 8 Oct 92 17:07:48 EST
Reply-To: "hilary miller" <hilary.miller@execnet.com>
Distribution: misc
Organization: Executive Networks Information


Matthew W. Blake, in a message to All on 10-07-92 at 2:41am, said:

MW>|I have an aircraft in a leaseback business.  It has been an active
   |business (vs. passive) for several years and the aircraft is fully
   |depreciated.  I am interested in closing the business and selling
   |the aircraft.  My profit would be around $50K.  This amount, on top of
   |my family's joint income will mean the IRS gets a BIG share of this $50
   |How can I protect this money from massive taxation?
   |_______________________________________________________________________

               Do a like-kind exchange.


   L A
 I    R        Hilary B. Miller of Greenwich, Connecticut
  H/\Y         CIS: 76040,1743
    
---
  DeLuxe 1.25 #11645  A seminar on time travel will be held 2 weeks ago
--
Executive Network Information System  (914) 667-4567
International ILink Host
Newsgroups: misc.taxes
From: mlin@oracle.uucp (Michael Lin)
Subject: Tax laws for the self employed
Reply-To: mlin@oracle.uucp (Michael Lin)
Organization: Oracle Corporation, Belmont, CA
Distribution: usa
Date: Tue, 13 Oct 1992 18:13:06 GMT
X-Disclaimer: This message was written by an unauthenticated user
              at Oracle Corporation.  The opinions expressed are those
              of the user and not necessarily those of Oracle.

Hi,

I am looking into the possiblities of starting my own business and need a book
or just some advice on how to maximize my tax treatment.  Here is my 
situation:

o I am still studying the technical feasibility of my product.
o I have not yet finished my business plan but do not forsee any income 
	coming from this business until late next year.
o I have a significant tax liability for this year because of my present job
  	but am willing to quit for a year if necessary and live off of my
	savings.
o I need to make some capital purchases (i.e. computer, CD-ROM, etc.) to 
	continue my technical feasibilty study -- I may be dependent on 
	some technology which is not yet mature.
 
My questions are this:

1)  What do I need to do to become a business in the eyes of the IRS?
2)  What proportion of my business expenses can be written off?
3)  What types of business expenses can be written off?
4)  If I buy capital equipment (computer, printer, etc.) this year,
	can I write it all off on this years tax bill or do I have to 
	depreciate it over x years.   

Thanks for your help.

Michael
From: donh@gcx1.ssd.csd.harris.com (Don Holzworth)
Newsgroups: misc.taxes
Subject: Re: DEMOCRACY FOR ECONOMICS
Date: 12 Oct 1992 17:37:30 GMT
Organization: Harris Computer Systems Division, Fort Lauderdale, FL
Distribution: ssd
Reply-To: donh@gcx1.ssd.csd.harris.com (Don Holzworth)
NNTP-Posting-Host: gcx1.ssd.csd.harris.com

In article <01GPOBCCDCQC002LCZ@cnsvax.uwec.edu>, "NAME \"Robert E. McElwaine\"" <MCELWRE%UWEC.BITNET@SHSU.edu> writes:
|> 
|> 
|>                            DEMOCRACY FOR ECONOMICS
|> 
|>                Much has been said and written about the virtues of
|>           democracy.  The United States CLAIMS to have it, and has been
|>           SELF-RIGHTEOUSLY trying to IMPOSE it on other countries such
|>           as Grenada, Nicaragua, Panama, even Kuwait and Iraq.  Other
|>           western countries also CLAIM to be democratic, and democratic
|>           reforms have been sweeping the communist world.
|>                               .
                                 .
                                 .
|>     
|>                                          Robert E. McElwaine
|> 
|> 

This tempted me to issue a point by point refutation.
But I decided that either this was a total put on, or so obviously
absurd, that it would be a bad waste of good bandwidth.

------------------------------------------------------------------------------
 #####    ####   #    #  #    #    |  Don Holzworth
 #    #  #    #  ##   #  #    #    |  Harris Computer Systems Division
 #    #  #    #  # #  #  ######    |  2101 W. Cypress Creek Rd.
 #    #  #    #  #  # #  #    #    |  Ft. Lauterdale, Fl. 33309
 #    #  #    #  #   ##  #    #    |  (305) 977-5563
 #####    ####   #    #  #    #    |  e-mail: donh@travis.csd.harris.com
                                   |
               "Out of the eater came something to eat.
                Out of the strong came something sweet."
------------------------------------------------------------------------------
Newsgroups: misc.taxes,misc.invest
From: yozzo@watson.ibm.com (Ralph Yozzo)
Subject: Re: Tax free bond funds: Are capital gains tax free as well?
Date: Wed, 07 Oct 1992 16:02:11 GMT
Disclaimer: This posting represents the poster's views, not necessarily those of IBM
Organization: IBM T.J. Watson Research Center

In article <1992Oct07.145843.6663@convex.com> allison@convex.com (Brian Allison) writes:
>In article <1992Oct6.164732.1@vaxb.acs.unt.edu> ff76@vaxb.acs.unt.edu writes:
>>If I buy shares of a tax free (municipal) bond fund, am I liable for taxes on
>>the capital gains (appreciation of net asset value), while the income
>>distribution is free of tax?  Or, are both capital gains and income
>>distributions tax free?
>
>Income distributions are tax free, but any capital gains are taxable.
>
>
I realize that this is a different question. 
Is it true that all income associated with a municipal bond is triple
tax free?  For example if I own NYC Bonds, I will pay no tax on them.

-- 
Ralph Yozzo (yozzo@watson.ibm.com)  
From the beautiful and historic Mid-Hudson Valley area of NY state
Newsgroups: misc.taxes
From: gcm@fns-nc1.fns.com (Grover McCoury)
Subject: Re: Wanted STATE tax rates
Summary: Florida taxes 
Organization: Fujitsu Network Switching
Distribution: na
Date: Wed, 7 Oct 92 12:33:07 GMT

In article <1992Oct6.082454.12154@athena.mit.edu> w1gsl@athena.mit.edu (Steven L. Finberg) writes:
>I am looking for comparative tax rates, specifically state income, investment
>and inheritance taxes.  Any sugestions where to look for rate tables?
>
>Currently PA and Florida are of the most interest.

Florida has 0% state income tax.

Just $.02 worth from...

//*********************************************************************
//  Grover McCoury
//  @ Fujitsu Network Switching Of America, Inc.
//    4403 Bland Road
//    Raleigh,    NC   27609
//  audio:      919-790-3111
//  electronic: ...!mcnc!fns-nc1!gcm
//*********************************************************************
From: twriter1@pencom.com
Newsgroups: misc.taxes
Subject: Can I deduct it?
Date: 15 Oct 92 14:44:50 GMT
Reply-To: twriter1@pencom.com
Organization: Pencom Software

I am buying a big fat $$$ computer next week.
have not yet had any reason to pay my own taxes
even though I am a contractor (I have always worked for 
an agency).  I anticipate having to do that next
year however.  Will I be able to deduct some of it
from my future taxes, even though I am buying it now?

e-mail responses appreciated.

Tanya
twriter1@pencom.com
From: duffy@aslss02.asl.dl.nec.com (Joseph Duffy)
Newsgroups: misc.writing
Subject: Beginning Writing Books
Keywords: writing book
Date: 8 Oct 92 21:13:36 GMT
Organization: NEC America, Inc. Irving, Texas

Can anyone recommend some good introductory books on writing, style,
composition, technique, etc. that would be good for a new writer? Can
one book cover adequately address both fiction and nonfiction writing?


Thanks for any suggestions

Joe
From: saslpo@stevens.unx.sas.com (Len Olszewski)
Newsgroups: misc.writing
Subject: Re: Teaching writing
Date: 14 Oct 92 13:29:24 GMT
Organization: SAS Institute Inc.
Originator: saslpo@stevens.unx.sas.com


In article <1992Oct13.182655.8306@ncsu.edu>, echyatt@eos.ncsu.edu (EDWARD CRAIG HYATT) writes:
|>

[stuff deleted]

|> One thing I have found to be true is this:  when the explainer (or writer)
|> really and fundamentally understands a topic, the explanation is usually
|> concise and crystal clear.  If the explainer half-understands a topic,
|> the explanation is long, tedious, and hard to understand.
|>
|> -Craig
|> --
|> --------------------
|> Craig Hyatt
|> NCSU@Raleigh, NC USA
|> echyatt@eos.ncsu.edu
|> --------------------

I'd say that you're right in most cases. Sometimes though the writer
a) doesn't have the skill to state what s/he knows concisely and 
   clearly, even though well in command of the subject material

b) is so conditioned by bad technical and academic writing that s/he 
   feels compelled to write poorly, since that's the way all of the 
   textbooks and articles in the field are apparently written

c) feels that to state a complicated principle simply denies its 
   complexity

d) feels that s/he will lose credibility if stating complicated or 
   esoteric material in a clear manner.

I've often found in my own writing that some reviewers who are 
accomplished subject matter experts *resent* it when topics that may 
have taken them years to explore and grasp completely are demystified in 
a deliberate and clear way in writing. They tend to want to inject 
excessive words, change the voice, and so on, to make it more difficult 
for the reader to grasp. 

Also, a lot of people never had anything explained simply and clearly to 
them, so they don't know any better, even if they do understand the 
topic at hand completely.
<-------------------------------^------------------------------------->
|  Len Olszewski                | "I believe all complicated phenomena|
|  Technical Writer             |  can be explained by simpler        |
|  saslpo@unx.sas.com           |  scientific principles."            |
| "Have cursor, will curse."    |    - Linus Pauling                  |
|---------------------------------------------------------------------|
| Opinions this ludicrous are mine. Reasonable opinions will cost you.|
<-------------------------------v------------------------------------->
From: bf455@cleveland.Freenet.Edu (Bonita Kale)
Newsgroups: misc.writing
Subject: Re: Teaching writing
Date: 7 Oct 1992 10:20:10 GMT
Organization: Case Western Reserve University, Cleveland, OH (USA)
Reply-To: bf455@cleveland.Freenet.Edu (Bonita Kale)
NNTP-Posting-Host: slc4.ins.cwru.edu


In a previous article, bf23+@andrew.cmu.edu (Brian Frumolt) says:

>Alan Barclay writes:
>
>"Some excellent writers seem to have an implicit understanding of what
>makes good writing, but are unable to isolate what it is they know, nor
>to make it clear to others.  This sort of knowledge seems magical to me.
>I myself must understand a technique or concept well enough to teach it,
>before I can actually use it well.  I find the difference fascinating."
>
>This is the difference, I think, between the writing being a skill, and
>the writing being an art.  To have a skill and not understand what makes
>you able to write, or even why your writing is good, does not make you
>nearly as talented as if you not only know how to write, but know WHY
>you know how to write, and are able to teach those principles to others.
>
>Being able to set down a heuristic, and explain what is going on when
>you do what you do best, is a sign of truly understanding what it is
>that you are doing.


Hey, wait a minute, Brian!  I will agree that the ability to understand
what you are doing as you write, and to explain it to others, is a talent. 
Therefore, a person who has that as well as the ability to write, has two
talents instead of one.  In that sense, the person who can only do it, but
not explain it, might possibly be said to be not "nearly as talented."

On the other hand, what if the do-but-not-explain person plays the bassoon,
too?  Then they'd be even--two talents to two talents.

That's not really so far-fetched.  I don't see any evidence that the person
who can explain what s/he is doing is necessarily better at it than the
person who can't.  There are a lot of people who can explain what a writer
is doing, who couldn't do it themselves.  It's a separate ability, like
gardening or cooking.  You can be very good at explaining, and still not
able to get a line down that doesn't sound muffled and cottony.  Or you can
write prose like an arrow, and not really know why. 

Bonita Kale
Newsgroups: misc.writing
From: bergen@vaxb.acs.unt.edu
Subject: Tech writing REQUEST
Organization: University of North Texas
Date: Thu, 8 Oct 1992 14:54:42 GMT

I need some feedback from fellow writers:
I'm writing a paper for a graduate Style in Tech Writing class. The
subject is how computer writing has affected quality of writing,
especially tech writing. I'm trying to dig up some studies,
articles, books, etc. that address this. If any of you have
information about these, please contact me. Our campus library
has some, of course, but the computer search facilities are not
very up to date. I'm especially interested in RECENT material.

Thanks...

Janie Bergen at the University of North Texas

P.S. Private e-mail is probably best as this request will not
interest everyone in this newsgroup.
From: K.Haigh-Hutchinson@bradford.ac.uk (K.HAIGH-HUTCHINSON)
Newsgroups: misc.writing
Subject: Re: Long hand.
Keywords: creativity
Date: 7 Oct 92 09:28:48 GMT
Organization: University of Bradford, UK
Originator: s1497@bravo

In article <92280.080958KVJLC@ASUACAD.BITNET> KVJLC@ASUACAD.BITNET (Jon L. Campbell) writes:
> I wanted to find out how many of
>you good people in netland write in long hand?  
>
>At the time, I thought that there was something unique about writing
>stories in long hand first.  Now, I'm not so sure that there isn't a
>kind of mystic enchantment that flows through my hand and creates a
>purposeful story.  One that seems to be less flawed.  With a clarity
>and purpose that I found interesting and yet, I can't seem to bring
>the exact writing over to my computer.
>
I have not published anything. I'd like to publish the science fiction work
I have been jotting down for a very very long time.

I have reams and reams of long hand. As I transcribe to the computer I think
'That would be better if ' or 'This rambles on a bit do I really need it'
 
but as I write in long hand the story seems to develop, I imagine a situation
and the story seems to flow onto the page. I can examine and edit on a 
computer but not write. There is something about being sprawled on the sofa
in front of the fire with a notebook that is not there sat at a desk using
a keyboard.
From: lightnin@obsidian.WPI.EDU (Paraaaaaaaaade of Shoooooooooes)
Newsgroups: misc.writing
Subject: Re: Long hand.
Date: 15 Oct 92 01:31:20 GMT
Organization: DeityCo: Major and Minor Deities Placement Agency
NNTP-Posting-Host: obsidian.wpi.edu
In-reply-to: charless@sco.COM's message of 8 Oct 92 07:14:00 GMT

>>>>> On 8 Oct 92 07:14:00 GMT, charless@sco.COM (AutoPope) said:

A> Here's a question for all of you out there who write first drafts
A> by hand; assuming (within the next few years) a pen-input computer
A> comes along that can recognize cursive writing and standard
A> copy-editing markups, and that's the size of a notepad (i.e.
A> convenient to carry), would you still use paper as the medium of
A> choice for your first draft?

I, for one wouldn't.  If there were a notebook sized computer that would
recognize my handwriting (a curious combination of printing and cursive)
that was as reliable as a pen, (and of course, assuming I could afford it)
I would immediately switch to this computer.  I only write first drafts
long hand now, because I can't lug a computer around with me all of the 
time.

-lightnin
   _____ __ __ __ __  __  __  __  __    __ __ __ _____ _____ __ ***************
  / _  // |/ // / \ \/ / / /_/ / / /   / // |/ // ___// ___// / lightnin@
 / // //    // /__ \  / /___  / / /__ / //    // __/ /__  //_/  wpi.wpi.edu
/____//_/|_//____/ /_/     /_/ /____//_//_/|_//____//____//_/   ***************
Newsgroups: misc.writing
From: olsen@Csli.Stanford.EDU (Diane Olsen)
Subject: Re: Notes for writing
Organization: Stanford University CSLI
Date: Fri, 9 Oct 1992 18:23:50 GMT

>What I like to know is, do you keep notes? And if so, how do you organize
>your notes?

Yes, and they are extremely disorganized.  In my search for a way to 
organize them, I recently happened upon a Macintosh program called 
Thought Pattern by Bananafish Software of San Francisco.  It's sort of
like a set of computerized index cards, where you enter bits and pieces
of text and can cross-reference them whenever and however you want.
I'm impressed by the demo, which runs reasonably fast on my PowerBook.  

My question is, does anyone have any experience with Thought Pattern?
Also, does anyone know the company well enough to know
if version 2.0 will really come out next month?  I am holding off
buying Thought Pattern, even though I'd like to have it now, because
I'm not about to pay its already high price of $99 for the current
version (1.3) only to have to pay for an upgrade after just a month
or two.  

If anybody's interested, I'll try to dig up an address and phone
number for Bananafish.  I think they've even got an e-mail address,
but I can't find it right now because I'm so disorganized (sob!).

--Diane

-- 
Diane L. Olsen		"A woman with a mind is fit for all tasks."
olsen@csli.stanford.edu		--Christine de Pizan (c.1363-c.1431)