georgerussia 0 #151 December 27, 2009 Quote Another tale I don't believe at all. Either false, or an extremely limited situation. That was probably because I told them each company that I want guns to be banned! * Don't pray for me if you wanna help - just send me a check. * Quote Share this post Link to post Share on other sites
loumeinhart 0 #152 December 27, 2009 QuoteYou don't say. Are you a financial expert? Quote Share this post Link to post Share on other sites
georgerussia 0 #153 December 27, 2009 Quote Honestly, I'd love to see the scrap this, open inter-state insurance sales and give it a couple years to see the results. I'd bet insurance prices would come down pretty sharply. I'd like to have it too (together with a public option), let's see.* Don't pray for me if you wanna help - just send me a check. * Quote Share this post Link to post Share on other sites
loumeinhart 0 #154 December 27, 2009 QuoteI did that already. I even linked to the actual US Code provision. Usury laws limit the gross profit a lender can make, which effectively limits the net profit, since net profit is less than gross profit I will shut up if you can answer my question.. What is the most profit a lender is allowed to make?? Please answer Quote Share this post Link to post Share on other sites
jcd11235 0 #155 December 27, 2009 Quoteignores leverage, service fees, penalty fees. Do you really not understand the difference between gross and net, or are you just posting contrarily for fun? If you really are that ignorant about the words' meanings, please say so; I'll be happy to explain the difference to you. QuoteThe limits set by usury laws doesn't seem far out of 'Loans by Louie' territory, so I don't see it as a significant limitation. The bank risks the borrower defaulting, and can't break his kneecaps. So, it's not a significant limitation because the banks follow the usury laws and are doing okay? One only needs to consider how banks have found loopholes in such laws in the credit card industry to understand that the banks, not just Louie, will charge extremely high interest rates if given the opportunity.Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
jcd11235 0 #156 December 27, 2009 QuoteI will shut up if you can answer my question.. What is the most profit a lender is allowed to make? I expect you to shut up about as much as I expect you to keep your word about flying to Florida to buy me a drink. In other words, I don't expect it at all. You are asking your question in a manner that doesn't allow an accurate answer, much like if I were to ask you, "How many degrees is it?" Try a definite version of your question.Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
kelpdiver 2 #157 December 27, 2009 QuoteQuoteignores leverage, service fees, penalty fees. Do you really not understand the difference between gross and net, or are you just posting contrarily for fun? If you really are that ignorant about the words' meanings, please say so; I'll be happy to explain the difference to you. These have absolutely nothing to do with the interest rate, making your pedantic talk of net vs gross rather silly sounding. A late fee is $29 (or 34 or 38) regardless of the balance or the interest rate. JCD, did Santa leave you coal, yesterday? You've been really snitty all week, unlike virtually everyone else who has had a good time in a remarkably comedic week for SC. Seems unhealthy. Quote Share this post Link to post Share on other sites
jcd11235 0 #158 December 27, 2009 QuoteThese have absolutely nothing to do with the interest rate, … Preaching to me about irrelevance after your last post is a textbook example of the pot calling the kettle black.Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
loumeinhart 0 #159 December 27, 2009 QuoteUsury laws limit the profit for lenders, saving consumers money. QuoteYou are asking your question in a manner that doesn't allow an accurate answer What is the profit limit for lenders? Quote Share this post Link to post Share on other sites
loumeinhart 0 #160 December 27, 2009 QuoteYou are asking your question in a manner that doesn't allow an accurate answer, much like if I were to ask you, "How many degrees is it?" If you asked me "how many degrees is it" I'd probably give you a funny look. And btw way i'll be down there jumping this Feb so I will buy you a drink to make a point. I you asked for the temperature I would find the nearest thermometer and pass along the data. The question that you refuse to answer is what LAW restricts the profit margin of a bank/lender. Quote Share this post Link to post Share on other sites
kelpdiver 2 #161 December 27, 2009 He was trying to be smart, but got trapped in his own words. Quote Share this post Link to post Share on other sites
georgerussia 0 #162 December 28, 2009 QuoteWhat is the profit limit for lenders? Your question sounds very similar to "what is the tax rate for married people in the USA?" - in terms that there are so many variables that it is quite obvious that the person asking this question has no idea even about U.S. tax basics (like that the tax rate depends on income, and state income tax rates differ as well). The best answer you can hope is that "everyone's situation is unique" and a reference to IRS publication with 2010 tax rates.* Don't pray for me if you wanna help - just send me a check. * Quote Share this post Link to post Share on other sites
georgerussia 0 #163 December 28, 2009 QuoteThe question that you refuse to answer is what LAW restricts the profit margin of a bank/lender. This question was answered - it is called "usury law", and if you typed it in Google, you'd find this web site which provides all the references you might need.* Don't pray for me if you wanna help - just send me a check. * Quote Share this post Link to post Share on other sites
mnealtx 0 #164 December 28, 2009 QuoteQuoteRight...of course, you're only required to carry liability (to cover damage to other's property) once you've paid off the vehicle. And, of course, said insurance only applicable IF you own a car and IF you use it on public roads. Applicable laws vary from state to state. Neither of your statements is true in Florida. Cite, please.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
mnealtx 0 #165 December 28, 2009 Quote>Red herring - there is no special "non-homeowner tax". I'm afraid there is. Here's the link to the IRS page: http://www.irs.gov/newsroom/article/0,,id=204671,00.html Network isn't letting me get to that page. Can you paraphrase? Also, can you show me where that is on my 1040? I can't seem to find anything about a 'non-home owner' tax on there.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
billvon 3,119 #166 December 28, 2009 >Network isn't letting me get to that page. Can you paraphrase? Sure. First time homeowners can fill out a Form 5405, which exempts them from paying up to an additional $7500 in federal taxes. If not, you'll be paying that additional tax. >Also, can you show me where that is on my 1040? Not on the 1040; on the 5405. Quote Share this post Link to post Share on other sites
mnealtx 0 #167 December 28, 2009 Quote>Network isn't letting me get to that page. Can you paraphrase? Sure. First time homeowners can fill out a Form 5405, which exempts them from paying up to an additional $7500 in federal taxes. If not, you'll be paying that additional tax. >Also, can you show me where that is on my 1040? Not on the 1040; on the 5405. So, there's actually NO 'not a homeowner tax' - that's what I thought.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
billvon 3,119 #168 December 28, 2009 >So, there's actually NO 'not a homeowner tax' I just pointed you to the IRS page that describes the additional tax you pay if you are not a homeowner. Of course, if you choose to remain ignorant of that, by all means, do so. It will prevent you from questioning any of your strongly held partisan beliefs on healthcare. Quote Share this post Link to post Share on other sites
kallend 2,150 #169 December 28, 2009 QuoteQuote>Network isn't letting me get to that page. Can you paraphrase? Sure. First time homeowners can fill out a Form 5405, which exempts them from paying up to an additional $7500 in federal taxes. If not, you'll be paying that additional tax. >Also, can you show me where that is on my 1040? Not on the 1040; on the 5405. So, there's actually NO 'not a homeowner tax' - that's what I thought. It sure looks like a non-homeowner tax to this non-homeowner. Mike, you should have paid more attention to Abraham Lincoln... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
mnealtx 0 #170 December 28, 2009 Quote>So, there's actually NO 'not a homeowner tax' I just pointed you to the IRS page that describes the additional tax you pay if you are not a homeowner. I must have missed the part where the IRS stipulated that a "First Time Homebuyer CREDIT" (a one-time affair that has to be paid back, prior to the stimulus bill) is somehow a tax on anyone that doesn't qualify. Can you point out that ruling to me? QuoteOf course, if you choose to remain ignorant of that, by all means, do so. It will prevent you from questioning any of your strongly held partisan beliefs on healthcare. VERY classy, Mr. Moderator - nice to see that you live up to the same rules that you enforce upon us. Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
turtlespeed 226 #171 December 28, 2009 Quote Oh WAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHH More right wing whining when they cant do didly squat. That is the single most intelligent thing you have ever said here on these forums. Congrats - now you finally have a bar to raise.I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun Quote Share this post Link to post Share on other sites
turtlespeed 226 #172 December 28, 2009 Quote Quote Yes, because they've done SUCH a great job with medicare. Medicare's admin costs are much lower than the private insurance industry. Yes - and look at the quality of professionalism you get for that . . . Not to mention the limits.I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun Quote Share this post Link to post Share on other sites
Amazon 7 #173 December 28, 2009 Quote Quote Oh WAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHH More right wing whining when they cant do didly squat. That is the single most intelligent thing you have ever said here on these forums. Congrats - now you finally have a bar to raise. Awww did I step on the poor little Turtles last nerve... TOO FUCKING BAD Quote Share this post Link to post Share on other sites
turtlespeed 226 #174 December 28, 2009 QuoteQuote I pay cash when I go to the doctor. I pash cash when I go to the dentist. I pay cash when I go to the eye doctor. Why do I need insurance? If you need appendix removal, are you gonna pay cash too? If you get into car accident (which may be your fault), and need MRI and brain surgery, are you gonna pay cash too? If you get cancer, are you gonna pay cash for your treatment? Those things can happen to ANYONE, no matter how good shape you're in, or how healthy lifestyle you're living. So are you going to pay cash for all this (and having no insurance you'd have to pay hospital rates, which are higher), and can you do it timely, and not like someone here offered "$20 a month"? Bull Shit! 1 - Yes 2 - Yes 3 - Yes 4 - If you sit down at a meeting and agree on terms - you "usually" get a better rate by saying - "I'll pay cash" and have it on hand to do so - it's a great negotiation technique.I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun Quote Share this post Link to post Share on other sites
mnealtx 0 #175 December 28, 2009 Quoteyou "usually" get a better rate by saying - "I'll pay cash" and have it on hand to do so - it's a great negotiation technique. ++ The last time I went to a doc Stateside, I got a 30% discount for paying cash. Unfortunately, the military hospital here on base doesn't work that way.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
