Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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While I applaud the developers brilliant business acumen, does anyone really think that hand picking the same folks who determine the value of what you're selling them is what the law envisioned? I personally find it hard to believe that he didn't know that he was outside the intent of the law, but I think he figured he had enough friends in high places to protect him. And it very well may turn out to be true, of which his brilliant (but sometimes shady) legacy will just grow. |
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#17
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__________________
"All that is necessary for the triumph of evil is that good men do nothing" Edmund Burke 1729-1797 |
#18
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An interesting update in the Bondbuyer; Bond Buyer Online - Incoming NABL President Details Group s Agenda
The Center Districts/Developer are getting some political support in their defense of the tax-exempt status of the bonds, but the IRS apparently is showing no signs of relenting-- at least not publicly. |
#19
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I'm thinking that this is so complicated that it's going to take years before this is settled one way or another. So for right now,I am going to enjoy what I have right now . There is a lot to be said about this place some bad and a lot of good. Ill just enjoy all the good.
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#20
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When did this issue arise??
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#21
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![]() The IRS investigation began in January 2008. |
#22
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#23
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Some people do not like big business. Period. Amen. And which side of the aisle that folks sit on politically color their opinions about the Morses too. We know to whom he donates money. For some it is the wrong whom.
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It is better to laugh than to cry. |
#24
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MI, Pontiac, Waterford, Southfield, Farmington, FL.--> Ron's my name and pool's my game. |
#25
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Yes indeed. What if? Seems like some recent snafu casts doubt on that. But what the IRS is investigating in this case is whether our CDD here in The Villages can issue tax exempt municipal bonds. This is a tax issue and not one of wrong doing.
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It is better to laugh than to cry. |
#26
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I could be my interpretation of the term “wrong doing” is different than yours. As of today the IRS has not made a finial ruling on any wrong doing, so maybe it will become a nonissue.
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MI, Pontiac, Waterford, Southfield, Farmington, FL.--> Ron's my name and pool's my game. |
#27
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Those folks didn't pay their income taxes. The IRS is investigating and will rule on whether municipal bonds on this form of government are tax exempt. They have been investigating as Janmcn says, since 2008. One way or another. If this is an issue, sell and move, or don't move here if you don't live here or if you are another developer, wait and see. The thing about anonymity on this forum is that no one really knows who you are or what you stand for. I am frequently accused of being a "shill" for the developer. I am not. I am a 73, almost 74 year old woman who never dreamed to have such fun at this time of my life. Or ever thought to live in Florida. I very sincerely love this place and think it is so well run.
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It is better to laugh than to cry. |
#28
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nicely pointed out, gracie! I, too, never thought I would be enjoying life as I do these days! and come the day that I can no longer enjoy the villages for whatever reason - I will be pleased to pick up my belongings and sell the house to the next person seeking to enjoy life as they see fit to do - and will hope that they find the same enjoyment that we have!
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Not sure if I have free time...or if I just forgot everything I was supposed to do! |
#29
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If it were criminal, Criminal Investigation would be handling it. Trust me, there is a major difference. You don't want to deal with CI... (as Al Capone and Wesley Snipes learned.). Really good people work for CI, but they don't have a sense of humor when it comes to criminal wrongdoing. That's why they (and not the FBI) got Al Capone. |
#30
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The thing about anonymity, if I told you my name was Buck Nacid would you know what I stand for. Would it help if I told you I have 3 computers? I think not. ![]()
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MI, Pontiac, Waterford, Southfield, Farmington, FL.--> Ron's my name and pool's my game. |
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