Friday, February 5, 2010
Thursday, November 5, 2009
Home Buyer Tax Credit Extention
Breaking NEWS!!! Colorado Springs Home Buyer Tax Credit Extened!!!
Here is a summary of the changes:
The expiration date for the credit will now be April 30, 2010. First-time buyers who have not had interest in a principal residence for three years are still eligible, and the maximum amount remains the same $8,000 for married couples, $4,000 for those filing separately.
NEW !!! Current homeowners, who have consecutively maintained the home they want to sell as their primary residence for five of the last eight years, are also eligible. However, the maximum amount for those homeowners is lower: $6,500 for married couples and $3,200 for those filing separately.
The tax credit may not used to purchase a home for more than $800,000. All buyers who want to get the credit must include documentation of the purchase on their tax returns.
The income limits for both tax credits have been raised to $125,000 for single buyers and $225,000 for married couples.
Jay Carden
RE/MAX Properties, Inc.
Search the Colorado Springs MLS
Colorado Springs Semi-Custom Home
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Jay Carden
RE/MAX Properties, Inc.
Search the Colorado Springs MLS
Wednesday, October 14, 2009
Calling For a Boycott of Monster Energy Drinks, Bring Back Capitalism
Are you Kidding me??? Where has my America gone, oh yeah, to the lawyers. Win elections with money and courts, kill small business with the courts and taxes. I am calling for a boycott of the big business model. Since when did one of these big businesses do something good? Oh wait, they employ a few hundred sorry soles that in a few weeks could all be out in the cold while the lawyers and CEO's of said businesses are fat and happy.
I am totally for capitalism and serving the public with a good or service. I am happy to see people prosper and grow. I cannot stand by and watch small businesses such as this one get clobbered by legal costs for taking NOTHING away from the sales of their ONE BEER!!! You honestly think that Rock Art brewery in Vermont is competing against anything that Monster Energy drink could produce? I don't think so. At most 100,000 people might have heard about Rock Art and this one line of beer. I guess NO ONE can use the word Monster. CRAZY.
I want my America back, TODAY please.
Jay Carden
RE/MAX Properties, Inc.
Search the Colorado Springs MLS
I am totally for capitalism and serving the public with a good or service. I am happy to see people prosper and grow. I cannot stand by and watch small businesses such as this one get clobbered by legal costs for taking NOTHING away from the sales of their ONE BEER!!! You honestly think that Rock Art brewery in Vermont is competing against anything that Monster Energy drink could produce? I don't think so. At most 100,000 people might have heard about Rock Art and this one line of beer. I guess NO ONE can use the word Monster. CRAZY.
I want my America back, TODAY please.
Jay Carden
RE/MAX Properties, Inc.
Search the Colorado Springs MLS
Monday, October 12, 2009
First Time Home Buyer Credit Extension Might be Likely
| Extension of Tax Credit Looks Likely |
 |
FIRST-TIME BUYERS: A lively RE/MAX video, accessible on both YouTube and Agent Training on Demand, illustrates that "RE/MAX Agents Know $8K Tax Credit." |
A Realty Times Feature Article by Kenneth R. Harney
Quick passage by the House last week of a bill extending the $8,000 home buyer tax credit next year for military, diplomatic and intelligence personnel serving overseas increases the odds that Congress will agree to an extension, maybe even an expansion, of the entire credit program well into 2010.
The White House is also signaling that it sees the overall tax credit program -- currently set to expire November 30 -- as an important element in cutting the unemployment rolls and stimulating new jobs next year.
After an economic policy strategy meeting last week in the Oval Office involving President Obama, House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid, congressional aides said Democrats generally support an extension of the housing credit.
Reid already has made clear he wants an extension. He is co-sponsoring a Senate bill that would do so for six months.
Congressman Charles Rangel, chairman of the tax-writing House Ways and Means Committee, sponsored the one-year extension of the credit for military and other personnel serving overseas, and is reported by aides as favoring an extension for the entire program.
The White House has not publicly committed to an extension, but has confirmed that the President is seriously examining that option.
An unexpected development that emerged following last week's White House meeting was the possibility of opening up the credit to a broader group of buyers next year - people who sell their current homes and buy a replacement home.
Though details were scanty, Capitol Hill sources said one option on the table would be to provide a tax credit -- most likely at the $8,000 level -- to replacement home buyers whose incomes do not exceed some limit.
The current credit phases out for single taxpayers with incomes above $75,000, and married purchasers earning $150,000.
A politically sensitive issue hovering over the entire debate on extending the housing tax credit is its cost - what it would add to the federal budgetary deficit. Mark Zandi, chief economist of Moody's Economy.com, estimates that widening the credit to all buyers through next August could cost the government upwards of $30 billion.
Rangel's 12-month extension of the credit for service personnel is estimated to cost more than $300 million, but it's mainly being paid for through an increase in penalties levied by the IRS on taxpayers who fail to file corporate or partnership returns.
The New York Times reported that one possible solution to the cost problem would be to divert money not yet spent out of 2009's $800 billion stimulus legislation.
Jay Carden
RE/MAX Properties, Inc.
Search the Colorado Springs MLS
Friday, October 9, 2009
Colorado Springs Tax Increase Calculator
Who is worried about higher Taxes in Colorado Springs? I know for me, that is not a huge concern as we pay some of the lowest costs in the nation. We have an amazing parks system and a great life in our area. I want to continue to enjoy this city and I am willing to pay a little more. I think that paying $183 dollars more over 5 years is not going to break my budget. That is a proposal of $18 bucks a year increase. I kind of like having the fire department, police, and parks in my city.
Please think about your quality of life and what it means to spend a few extra dollars. I know that this is a fairest tax that can be levied on EVERYONE!!! Sales taxes punish the richer so join me in Voting Yes on 2C in Colorado Springs.
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