Interesting Real Estate Increases

Descant · 01-02-2021, 01:56 PM

Good points, Joey.
But I'm looking at your restaurant owner who "did well" and saved for retirement. Then the government says you can only serve 6 tables. You need 12 to break even and if you can fill 24, you'll make some money. When you cash in some investment to stay afloat or to buy outdoor serving equipment, you (add insult to injury) get nicked for taxes on the capital gain. What's the work around here?
To me, these folks need more help than "forgiving" college loans. I remember when people "worked their way" through college or other school, no loans.

01-02-2021, 01:56 PM	#8
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,598 Thanks: 1,418 Thanked 1,705 Times in 1,109 Posts	Advice? Good points, Joey. But I'm looking at your restaurant owner who "did well" and saved for retirement. Then the government says you can only serve 6 tables. You need 12 to break even and if you can fill 24, you'll make some money. When you cash in some investment to stay afloat or to buy outdoor serving equipment, you (add insult to injury) get nicked for taxes on the capital gain. What's the work around here? To me, these folks need more help than "forgiving" college loans. I remember when people "worked their way" through college or other school, no loans.