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Re: GE PROFITS JUMP 77%!

By: DGpeddler in RANT II | Recommend this post (0)
Mon, 25 Apr 11 12:54 AM | 55 view(s)
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Msg. 17172 of 20747
(This msg. is a reply to 17168 by lkorrow)

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Linda, Texas does not have income taxes. The windmills do increase the value of the land and thus the land owner has higher property taxes. I have a friend who is complaining about his property taxes going up. The windmills stop about a half mile from his property. He could have sold that land but kept it, I believe, on the thought of getting several windmills. So far it hasn't happened. He paid over a hundred grand for that 'ranch' but if he got five windmills on it, they would pay him a hundred grand in two years. I am sure most of the land owners set things up to get depreciation off their federal taxes.




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The above is a reply to the following message:
Re: GE PROFITS JUMP 77%!
By: lkorrow
in RANT II
Sun, 24 Apr 11 9:32 PM
Msg. 17168 of 20747

dg, you might want to see if there's a tax writeoff. In addition to the federal govt, many states have them.


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