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

To: Tenchusatsu who wrote (180699)	1/16/2004 12:14:39 PM
From: Road Walker	Read Replies (1) \| Respond to of 1572713

Damn, hoping to ship the "lady" off to Washington: Source: Rep. Harris Won't Run for Senate 11 minutes ago By KEN THOMAS, Associated Press Writer SARASOTA, Fla. - U.S. Rep. Katherine Harris, who gained international attention for her role in the 2000 presidential recount, will not enter the Republican primary for U.S. Senate, The Associated Press learned Friday. Harris decided instead to run for re-election, according to a Republican source in Florida close to the situation, speaking on condition of anonymity. She was scheduled to announce her decision later Friday at a news conference. The source said Harris was making phone calls to supporters and friends to inform them of her decision. As Florida secretary of state, Harris oversaw the disputed count that gave George W. Bush a crucial 537-vote victory over Al Gore (news - web sites) in Florida. President Bush (news - web sites)'s political advisers have feared her candidacy would refresh memories of the recount, generating a large turnout from angry Democrats and hurting his chances of carrying the state. Florida's 27 electoral votes are expected to be crucial in the 2004 presidential contest. Harris has said she's been encouraged to seek the seat, buoyed by favorable polls showing her as the early front-runner. A poll released last month by The Miami Herald and St. Petersburg Times found that Harris had the support of 29 percent of GOP voters, followed by former U.S. Rep. Bill McCollum with 15 percent, and former U.S. Housing Secretary Mel Martinez with 11 percent. Thirty-eight percent were undecided. The telephone survey of 800 registered voters had a margin of sampling error of plus or minus 5 percentage points. Harris has long flirted with a Senate campaign. In July, she likened her chances of getting into the race to three bodies in the solar system aligning in a straight line — a rare astrological phenomenon. But when Graham announced in November he would not seek re-election, Harris called it a "blip on the radar screen" and reconsidered the campaign. As the state's chief elections officer, Harris presided over the re-count during the closest election in Florida history, drawing the ire of Democrats nationally and parodies on late night television shows. Harris said all along that she simply followed the letter of the law, but she became a darling of Republican activists afterward and was elected last year to Congress. Her fame helped her amass nearly $3 million for her 2002 congressional campaign. Through the end of the September fund-raising period, she had nearly $350,000 on hand, funds that could be transferred to a Senate race. Democrats have expressed hope that Harris would enter the race, arguing it would enhance fund-raising and focus more attention on the campaign. The field of Democrats include former state Education Commissioner Betty Castor of Tampa, U.S. Rep. Peter Deutsch of Lauderhill and Miami-Dade County Mayor Alex Penelas.

To: Tenchusatsu who wrote (180699)	1/20/2004 1:44:49 AM
From: Joe NYC	Read Replies (1) \| Respond to of 1572713

Tenchusatsu, How does this work again? When you sell real estate, you can deduct the price of the house from your income? Or the appreciation that you pocket isn't subject to income taxes (up to 500K)? No, you start out by buying a really expensive house, so that the payments will consume every dollar that you would otherwise save and invest elsewhere. Real estate is THE investment. While you own this highly leveraged investment (most people pay only 10% down), just a natural rate of inflation, plus un-natural way of real estate outpacing inflation will make this investment grow. While you hold it, you pay A LOT in interest (you started out with a very expensive house). You deduct the interest from your income, which can significantly lower your tax liability. Now you hold it for a few years, the whole thing substantially subsidized by tax payers (you get to live there too), at some point you approach $500K of unrealized gains ($250 if single). At that point, you upgrade. Sell the house, capital gain on the house is tax free, buy a more expensive house. The banks are there, ready to lend you more, Uncle Sam is there ready with more subsidies. Joe