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Ad guru reveals why he sold Hamptons estate: Iím paying unfair price for working hard
NY Post ^ | December 23, 2012 | JERRY DELLA FEMINA

Posted on 12/23/2012 1:33:58 PM PST by lowbridge

I’m happy to pay my fair share — which is whatever the tax is right now.

The thing about capital gains is, I made the investment. I put in the original money. The house cost $3 million and then I put in an additional $6 million because the house was in terrible shape. We added rooms, sections, areas, and basically it was my investment.

When I bought that house I think Obama was in high school, and I certainly have paid taxes ever since.

-snip

Now I’m being told the right thing is to do more. And because I can afford it, I have to pay more.

At this stage of my life, I want to have money to leave to my five kids and seven grandkids. Why would I want to give that additional 8 percent from capital gains to Obama instead?

God knows how that money would be spent.

I made the investment while Obama might have been in high school or smoking dope in college or whatever he was doing. He didn’t make the investment; I did. He didn’t take the risk; I did. He didn’t improve the house; I did. And then in the end, he’s saying I must pay him more.

I always was happy to pay my fair share of taxes. I’m careful to pay every single penny on my taxes. I don’t have any money offshore. But the fact is that at this stage the general feeling in the country is, “You have it, give it to us.”

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: classwarfare; hamptons; taxes
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related thread:

Advertising guru blames Obama's 'class warfare' for Hamptons mansion sale

http://www.freerepublic.com/focus/f-news/2971373/posts

1 posted on 12/23/2012 1:34:11 PM PST by lowbridge
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To: lowbridge

Oh, you betcha! I live at about 1/1000th of this guys income/lifestyle and I’m battening down the hatches BIG TIME.

You don’t have to be rich to be SMART! :)


2 posted on 12/23/2012 1:48:18 PM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: lowbridge

“Spread the wealth around.”
Did it ever occur to obozo to spread a traditional work ethic around?


3 posted on 12/23/2012 1:48:38 PM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Farmer Dean

No. And it never will. He wants to take US down. Period.


4 posted on 12/23/2012 1:51:07 PM PST by onedoug
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To: lowbridge

IF this guy is a lib and has voted democrat, he’s got no sympathy from me.


5 posted on 12/23/2012 1:52:23 PM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: lowbridge

Is there a vengeful and punitive tax audit in Jerry’s future? The magic Eight Ball sez “You can count on it.”


6 posted on 12/23/2012 1:57:15 PM PST by PowderMonkey (WILL WORK FOR AMMO)
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To: onedoug

Exactly.
His supporters have never worked like we work either.
Pretty much useless parasites.


7 posted on 12/23/2012 2:03:41 PM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: PowderMonkey

The guy paid 3 million for a house in bad shape?

OK.


8 posted on 12/23/2012 2:04:58 PM PST by sakic
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To: Secret Agent Man

http://www.nypost.com/p/news/opinion/opedcolumnists/time_for_democrats_for_romney_AUZ6cjhzmQwugmwm4pEt6J


9 posted on 12/23/2012 2:05:16 PM PST by italianquaker
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Comment #10 Removed by Moderator

To: lowbridge
At this stage of my life, I want to have money to leave to my five kids and seven grandkids.

Why? What did they do to earn it--just by being born like the nobility?

11 posted on 12/23/2012 2:12:15 PM PST by Age of Reason
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To: Secret Agent Man

This guy is spoiled whinny multimillionaire. Obama senior year of High School 1979 the top bracket was 70%. And in the 1950’s it was around 90%. The “Ad Man” has paid higher taxes in the past but he seems to have forgot. Look at the chart below, its a eye opener.

http://www.ntu.org/tax-basics/history-of-federal-individual-1.html


12 posted on 12/23/2012 2:12:46 PM PST by Orange1998 (DO NOT PRESS CTRL W)
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To: Farmer Dean

Yup. I actually witnessed some scumbag buy an 18 pack of beer with an EBT. Hope he drowns in it.


13 posted on 12/23/2012 2:13:48 PM PST by max americana (Make the world a better place by punching a liberal in the face)
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The proper response to President Bill Ayers (and any other liberal) is, before we talk about what I’m going to give up, what are YOU going to give up?

Liberals only take, they never give.

Let’s force them to give up some things and see how they like it.


14 posted on 12/23/2012 2:19:05 PM PST by IncPen (Educating Barack Obama has been the most expensive project in human history)
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To: sakic

because its the “Hamptons”

blah

I’d rather live like a king in the middle of nowhere than some overexpensive place where the “rich and famous” hang out.

I saw a huge place in Weatherford, TX on 9.9 acres for $400,000 the other day. The barn was bigger and better than my house. lol


15 posted on 12/23/2012 2:21:06 PM PST by GeronL (http://asspos.blogspot.com)
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To: sakic

because its the “Hamptons”

blah

I’d rather live like a king in the middle of nowhere than some overexpensive place where the “rich and famous” hang out.

I saw a huge place in Weatherford, TX on 9.9 acres for $400,000 the other day. The barn was bigger and better than my house. lol


16 posted on 12/23/2012 2:21:22 PM PST by GeronL (http://asspos.blogspot.com)
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To: Secret Agent Man

I’m pretty sure that Jerry Della Femina is no lib and never has been. I agree with him 100%.


17 posted on 12/23/2012 2:22:41 PM PST by surrey
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To: Orange1998

so what Orange...maybe you’re too wet behind the ears to know what the tax code allowed in deductions in those days... you can look that up if you care to have an argument that is truthful....fewer than 250 taxpayers ever paid the top rate.
The crooks in DC put in the AMT to make million dollar incomes pay something, and now hundreds of thousands of taxpayers get stuck with the calculation even with the fix...think that was an accident. It’s a crime to pay more than 25% on any income unless you like slavery. Tax the 48% that pay nothing in fed taxes so they have some skin in the game...otherwise they vote all day to raise the taxes on the successful and the folks that HIRE people and write their name on the front of the paycheck. Take your progressive tax crap and stuff it...America succeeds when people decide what to do with the fruits of real labor, not the crooked FedGov...

YMMV


18 posted on 12/23/2012 2:32:53 PM PST by ElectionInspector (Molon Labe...)
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To: Age of Reason

Author said: “At this stage of my life, I want to have money to leave to my five kids and seven grandkids.”

Reason said:”Why? What did they do to earn it—just by being born like the nobility?”

Sadly, you appear to have bought into class-warfare. Our Heavenly Father gives of gifts of grace and mercy, and I, too, would like to gift my children and friends with the treasured items I have collected over a lifetime of hard work. It pleasures me to share what I have, money or possessions, with those who have so generously given to me of their time and affection.


19 posted on 12/23/2012 2:33:03 PM PST by July4 (Remember the price paid for your freedom.)
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To: Age of Reason

Should he leave the money HE EARNED to the government instead so they can piss it away?


20 posted on 12/23/2012 2:33:38 PM PST by surrey
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