<VV> taxes AND CORVAIRS

[BBRT]

Our very own part of the debt spiral!  LOL!
----- Original Message ----- 
From: "Alan and Clare Wesson" <alan.wesson at atlas.co.uk>
To: <virtualvairs at corvair.org>
Sent: Sunday, February 22, 2009 1:29 PM
Subject: Re: <VV> taxes AND CORVAIRS


>> Corvairs, Corvair parts, Corvair repairs, or Corvair activities
>> even if financed with a home equity loan, will probably not
>> qualify for tax exemptions.
>
> They will, however, allow you to redistribute your income to pay for your
> Corvair - and in fact I just did something similar!
>
> I owe the guy who maintains my Vair in NC $1200 towards insurance, tax,
> repairs, etc., and I do not currently have $1200 of 'liquidity' available.
>
> So I hit upon a solution - coincidentally, I had an income tax bill of 
> about
> $1200 (equivalent) to pay, and I discovered that the British Revenue 
> service
> has just begun to allow you to pay your income tax by CREDIT CARD!!
>
> So I did just that, and redistributed the cash money towards my Vair!
>
> But ponder the implications of the government accepting tax payments that
> are sourced from unsecured credit card debt!!!!
>
> And the credit card that I paid the debt with was only given to me on the
> basis of the value of my home, which is now worth less than it is 
> mortgaged
> for (but as the money is unsecured the credit card company has no way of
> finding that out).
>
> So no, nothing has changed. The UK debt mountain rumbles on... or rather, 
> it
> is sent off to the USA, where it is funding...
>
> A CORVAIR!
>
> Cheers
>
> Alan
>
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