When I was a kid, Mom taught me that taxes could be good and bad, depending upon your point of view.
When I had something she wanted, she would claim "mom" tax. For instance, if I had an ice cream, she could get a bite by claiming "mom" tax. Fortunately, for me, it worked both ways. If she had a cookie, I could claim "kid" tax.
In fact, it's ingrained so deeply in our family, that my sister called me a year or so ago and asked me to explain "girlfriend" tax to her boyfriend. I said, "Well, for instance if you had an ice cream cone, and Coleen wanted a bite, she could claim 'girlfriend' tax to get it." He interrupted me to complain, "Coleen, must have called you a minute ago to tell you to say this." Apparently, a bite of his ice cream is exactly what she had wanted.
Like many parents, I find myself passing traditions on to my children.
Today, my son had a little bag of crackers. Wanting some, I claimed "mom" tax. He complained, saying that he didn't like taxes and didn't want to pay. In many cases I agree with him, who wants to pay taxes? Though when I pointed out that he was more than happy to get "kid" tax when I had something he wanted, he decided that maybe things weren't so bad if he was the one being "paid" the tax.
So, as often happens, whether something is good or bad depends upon our point of view.
I was considering this today when our Legislature passed the $700 $900 billion dollar bailout of the banking industry. Is this good or bad? I guess it depends upon your point of view. . .
What traditions are being passed down with this plan?
What do you think? Will this be advantageous or disadvantageous to you? Is this a good tax or a bad tax?
***************************************************************************
About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.
Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at christine@donovanblatt.com or 714-319-9751 to discuss your options.
Want to buy a home or to list your property for sale in Newport Beach, Costa Mesa, Huntington Beach or Orange County? Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.
Click Orange County homes for sale to view all OC homes for sale. Copyright © 2008 by Christine Donovan, All Rights Reserved. What my 4 Year Old Son has Learned about Taxes.
***************************************************************************
About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.
Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.
If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes. Click the link if you are interested in buying a home at a courthouse auction sale.
Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.
Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.
Federal Government Disclaimer (MARS)
- You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.
- Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and
- Even if you accept this offer and use our service, your lender may not agree to change your loan.
Click Orange County homes for sale to view all OC homes for sale.
