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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (172721)	7/28/2003 9:08:04 PM
From: Road Walker	Read Replies (1) \| Respond to of 1575601

DR, re: In fact, the wealthy don't get that benefit at all My sympathy to the rich. I said it was limited, didn't I? re: While real estate often goes up in value, it certainly CAN and DOES go down in value as well. You can't logically integrate market values into the computation. Structures on a piece of real property ARE, over time, wasting assets, and as such, should be depreciated. It is a business expense and SHOULD generate tax deductions. Thanks for the accounting rules BS. Yes, real estate can go down, and it happens one in five years, probably less. In the meantime folks are depreciating an asset that actually goes up in value over 80% of the time. I'm all for it. But common sense doesn't really apply. John