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Leavitt's house for sale

hightechbull

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hightechbull Toro Magnifico

hightechbull

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Anyone have $1.6 million and want/need a new house?

http://www2.tbo.com/content/2010/feb/18/leavitts-harbour-island-home-goes-market/sports-colleges-bulls/

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theman123 Toro Magnifico

theman123

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Not shocking.  He cleaned his closet of a lot of USF stuff he owned too.

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slick1ru2 Toro Magnifico

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Nice to make $133,333.33 a month. Well, it was nice.

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slick1ru2 Toro Magnifico

slick1ru2

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Nice to make $133,333.33 a month. Well, it was nice.

Except the government confiscated more than half of that.

Are you his accountant too?  Depends on his deductions for things like mortgage interest, business expenses, etc.. I mean, what are we paying this year, under 10 percent on 6 digit income. And still you are talkiing 3/4 of a mil after taxes.

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2000bull Toro Magnifico

2000bull

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Nice to make $133,333.33 a month. Well, it was nice.

Except the government confiscated more than half of that.

Are you his accountant too?  Depends on his deductions for things like mortgage interest, business expenses, etc.. I mean, what are we paying this year, under 10 percent on 6 digit income. And still you are talkiing 3/4 of a mil after taxes.

Sounds like he needed a better account....

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slick1ru2 Toro Magnifico

slick1ru2

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Nice to make $133,333.33 a month. Well, it was nice.

Except the government confiscated more than half of that.

Are you his accountant too?  Depends on his deductions for things like mortgage interest, business expenses, etc.. I mean, what are we paying this year, under 10 percent on 6 digit income. And still you are talkiing 3/4 of a mil after taxes.

Sounds like he needed a better account....

That was my major at USF. I just use Turbo Tax online, its awesome. I put like over 1 million for income by mistake and, lol, it took like 3 minutes to come up that I owed a TON, lol. I was freaking out, then noticed the typo.

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slick1ru2 Toro Magnifico

slick1ru2

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Interesting to note that the article on the home for sale said that Leavitt is still seeking mediation, like they aren't mediating.

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SANJAY Toro Magnifico

SANJAY

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Posted

Nice to make $133,333.33 a month. Well, it was nice.

Except the government confiscated more than half of that.

Are you his accountant too?  Depends on his deductions for things like mortgage interest, business expenses, etc.. I mean, what are we paying this year, under 10 percent on 6 digit income. And still you are talkiing 3/4 of a mil after taxes.

I don't think guys making $1million a year get a lot of their schedule A deductions.  At some level they start limiting your deductions.  Also, I think all his "business expenses" were reimbursed by the school/usfaa so can't deduct that either.

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2000bull Toro Magnifico

2000bull

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Posted

Nice to make $133,333.33 a month. Well, it was nice.

Except the government confiscated more than half of that.

Are you his accountant too?  Depends on his deductions for things like mortgage interest, business expenses, etc.. I mean, what are we paying this year, under 10 percent on 6 digit income. And still you are talkiing 3/4 of a mil after taxes.

Sounds like he needed a better account....

Apparently neither of you guys have a clue about taxes and self employment FICA taxes for high income earners.

http://www.moneybluebook.com/2010-federal-income-tax-brackets-irs-tax-rates/

Like I said, sounds like he needs a better accountant

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slick1ru2 Toro Magnifico

slick1ru2

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Posted

Nice to make $133,333.33 a month. Well, it was nice.

Except the government confiscated more than half of that.

Are you his accountant too?  Depends on his deductions for things like mortgage interest, business expenses, etc.. I mean, what are we paying this year, under 10 percent on 6 digit income. And still you are talkiing 3/4 of a mil after taxes.

I don't think guys making $1million a year get a lot of their schedule A deductions.  At some level they start limiting your deductions.  Also, I think all his "business expenses" were reimbursed by the school/usfaa so can't deduct that either.

Not to mention property taxes in Florida are outrageous.

Because.........wait for it......there's NO STATE INCOME TAX! AND he gets to DEDUCT property taxes from his Federal Income Taxes. And he should have hired a tax attorney to set up tax shelters when he got his contract extension.

http://blogs.bnet.com/ceo/?p=1530

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