There are five Kansas Casinos gamblers can enjoy while visiting the state. Kansas casinos are located in Horton, Mayette, Powhattan, and White Cloud and tourists should make a point to stop in one or more of the Kansas casinos during their stay. Likewise, in addition to the five Kansas casinos, tourists may also enjoy paying a visit to Kansas’ Wichita Grey Hound Park in Valley Center, or any one of the horse tracks located in Anthony, Eureka, and Kansas City. Obviously, the state of Kansas makes the opportunity to engage in gambling entertainment a possibility for both residents and tourists alike. The gambling offered at the Kansas casinos and racetracks provide avid gambling enthusiasts with an opportunity to engage in diverse gaming. Games in the Kansas casinos include Blackjack, Craps, Poker, Roulette, Bingo, Slots, 3 Card Poker, Caribbean Stud Poker, Double Deck Blackjack, Let It Ride, and Texas Shootout. Plus, many of the Kansas casinos offer the opportunity to partake in in-house dining at the various restaurants, bars and Grilles located on site. Alternative to all of the great gambling found at the Kansas casinos, both residents and tourists would thoroughly enjoy the offerings at Kansas’ Greyhound Racetrack. In addition to the Greyhound racing, visitors can enjoy dining at both the clubhouse and the grandstand during their visit. Meanwhile, Kansas’ horse tracks hold similar offerings for adventure and fun. Quarter Horse Racing, live racing, greyhound simulcasting, and horse simulcasting can be found in Kansas’ horse tracks along with the opportunity to dine at the bars, grilles’ and concessions stands. In addition to all that Kansas casinos and gambling facilities have to offer, visitors will thoroughly enjoy all of the fantastic recreational destinations that Kansas has to offer. The Worlds of Fun, the Nelson-Atkins Museum of Art, The Kaleidoscope, the City Market, Union Station, the Kansas City Zoo, the Kemper Museum of Contemporary Art, the Oceans of Fun, the Negro Leagues Baseball Museum, the American Jazz Museum, the Toy and Miniature Museum, the Coterie Theatre, the Liberty Memorial Museum, and the Airline History Musuem can give visitors of Kansas a through taste of Kansas culture. Ultimately, Kansas can prove to be an ideal vacationing destination. With Kansas casinos, racetracks and recreational sites, there is plenty to see and do in the state of Kansas. Thus, for the tourist looking for the perfect vacationing destination, they can find such a destination in the state of Kansas.
Sciatica refers to pain or dysfunction involving the sciatic nerve in the lower back and legs. Symptoms may include tingling or a burning sensation, weakness, numbness, and pain. The symptoms begin in the lower back and commonly travel down the back of the thighs, calf muscles, and even into the feet. People usually experience sciatica symptoms down one side but can experience it bilaterally. Symptoms are secondary and caused by other primary conditions such as a herniated disk in the lower back that is pressing on the sciatic nerve. Sciatica pain is often caused by a temporary inflammation or overuse of the low back, which irritates the nerve. In these instances, pain will usually subside on its own as long as you take care of your back. Your doctor or chiropractor may recommend an over the counter anti-inflammatory, ice for the first 48 hours then heat, and gentle activity for a few weeks until the symptoms subside. Chiropractors recommend avoiding extremes—no bed rest and no heavy lifting. Chronic sciatica is pain or dysfunction that lasts more than six months. Most often, chronic sciatica is due to a herniated or bulging disk in the lower back due to overuse or an injury. Other causes of sciatica may include tumors, Piriformis syndrome, or a trauma to the pelvis. If you experience fever, redness or swelling of the back, problems urinating, or severe pain, call your health care provider immediately. When chronic sciatica is a result of a non-life threatening condition such as a herniated disk, doctors recommend the most conservative treatment first. Surgery can be effective but there are risks and higher costs associated with surgery as opposed to more conservative treatments such as injections, physical therapy, and chiropractic care. A recent study on the effectiveness of chiropractic care for sciatica showed that chiropractic spinal manipulations were equally as effective as surgery (microdiskectomy) in treating sciatica. The study in “Journal of Manipulative and Physiological Therapeutics” reported “sixty percent of patients with sciatica who had failed other medical management benefited from spinal manipulation to the same degree as if they underwent surgical intervention.”1 Further, surgery for sciatica can cost up to $25,000 and involves the risks associated with invasive surgery. When compared to the average 21 chiropractic sessions at $100 ($2,100) to treat sciatica, this is a savings of $22,900.2 The researchers concluded that spinal manipulations performed by a chiropractor proved to be an effective and cost efficient treatment for sciatica. Patients with sciatica due to a herniated disk should consider treatment by a chiropractor before surgery. Chiropractic manipulations have proven to successfully relieve sciatica without the need for surgery in many instances. For patients that do need to proceed with surgery, the study found that patients who delayed surgical treatment and tried chiropractic care first experienced no negative effects. Chiropractors are whole body practitioners and work within the body’s natural healing abilities. If treated by a chiropractor for sciatica or a herniated disk, your rehabilitation may include any combination of physiotherapy treatments including spinal manipulations, heat and ice therapy, electric stimulation, ultrasound, massage, and rehabilitative exercises.
One can never underestimate the enthusiasm that politicians have for trying to hunt up tax revenues. The creativity of some politicians can lead to bizarre taxes and unfortunate results.
Taxes on Illegal Drugs
One argument for the legalization of various narcotics is that massive tax revenues would be created. Interestingly, a few states already are trying to collect such taxes!
More than 10 states have tried to tax people that possess illegal drugs. For example, Kansas levies a drug tax on dealers as soon as they take possession of the substance. To avoid prosecution for failure to pay the drug tax, individuals possessing the drugs are supposed to purchase “drug tax stamps” and attach the stamps to the drugs in question. The stamps are valid for 3 months.
In an apparent attempt to promote compliance, the Kansas Department of Revenue promises:
“A dealer is not required to give his/her name or address when purchasing stamps and the Department is prohibited from sharing any information relating to the purchase of drug tax stamps with law enforcement or anyone else.”
The tax is levied on cocaine, marijuana, methamphetamines and other hard drugs. Interestingly, the state collected over $300,000 in such taxes by going after individuals that were charged with criminal activity. This is better known as the “Al Capone Theory”, which is derived from the fact that authorities were able to put away the famous mobster on tax evasion charges. Alas, criminal prosecutors have not always welcomed the illegal drug tax.
Drug Tax Foils Prosecution of Drug Dealers in Texas
The 5th Amendment of the Constitution protects Americans from being punished twice for the same crime. This concept, known as “double jeopardy”, caused prosecutors in 1989 to literally beg the state comptroller’s office to stop accepting tax payments by drug dealers. The reason? A Texas Criminal Court of Appeal ruled that the state law assessing taxes on illegal drugs constituted a “punishment”. As a result, requiring the payment of the tax constituted double jeopardy if the taxpayer had already been charged criminally.
In an attempt to get their clients off on drug charges, criminal attorneys began advising them to rush to pay their drug–related taxes. The theory was that once the taxes were paid, the drug dealer could not be prosecuted because doing so would constitute a second punishment! The appellate court agreed with the theory and the state comptroller immediately stopped collecting the Texas drug tax.
The DOA indicates that there are 386 counties within the U.S. where lower income runs rampant. Of those, 340 are of the outlying variety. Out of necessity, many of these economically deprived counties have developed free land programs to stimulate growth. Web websites like Kansas Free Land are a not-so-subtle call for the homestead-curious to take the dive by claiming free building lots. Then their tax dollars and development may bring profit to the suffering communities. Post resource – Kansas Free Land – Get a piece of the Heartland by Money Blog Newz.
Kansas Free Land to help rural U.S. out
Aside from being suitable for agriculture, ranching and other endeavors, Kansas Free Land gives potential homesteaders the opportunity for a fresh start, far from the hustle and bustle of city life. In Kansas, from Osborne and Plainville to Chetopa, Free Kansas Land plots are being given away. Many of them are within range of interstate highways as well. KansasFreeLand.com is where you can go to determine individual real estate business websites. Residential plots are being given away. Commercial plots are too.
Anyone considering Kansas Free Land should, as outlined by eHow:
Decide how much to spend on a house before you move
After you’re sure, get pre-qualified for a mortgage
Make sure you are ready for a credit check. You’ll get a lot of paperwork too
How to get your Kansas Free Land
Researching the communities where Kansas Free Land is accessible is what eHow suggests people severe about the opportunity should do. Discover out about law enforcement and safety while talking to locals. Each small town has unique local color and history, so research and interviews can prove useful in sorting things out. Wilson, for instance, is known as the Czech Capital of Kansas, while Marquette is only a few minutes away from Lindsborg, aka Little Sweden. It would also be good to know a little bit about Ellsworth, Kansas. It was known through the 19th century as a wild cow town.
Other Kansas Free Land benefits
Some of the places have other bonuses associated. This is with the Kansas Free Land of course. Tax abatements, down payment assistance, loan fees on homes waived and even modular homes being put on your Kansas Free Land are all examples.
Tax reduction and tax deferral are the primary benefits of obtaining a cost segregation study. Tax reduction occurs since more income is taxed at the capital gains rate instead of the ordinary income rate. Tax deferral occurs since depreciation is accurately taken in the early years of ownership.
Additional benefits other than tax reduction related to obtaining a cost segregation study are more accurate accounting, obtaining a book value for assets which may become worthless (tenant improvements for a financially unstable tenant) and an accurate method of tracking the cost basis and depreciation for all tenants.
Tax reduction is the most meaningful and least understood benefit of cost segregation. Consider the following example of how cost segregation converts income taxed at 35% to income taxed at 15%:
Linda is a physician who earns $350,000 per year. She purchased a medical facility in January 2004 and sold it in December 2005. Her cost segregation study increased the amount of depreciation by $80,000 in both 2004 and 2005. The higher level of depreciation decreased Linda’s income taxes by $28,000 in both 2004 and 2005, for a total reduction of $56,000 (based on ordinary income). However, Linda’s capital gains income will increase by $160,000 in 2005, based on two years of additional depreciation ($80,000 per year X 2). The additional capital gains tax will be $24,000 ($160,000 X 15% capital gains rate). Hence, Linda’s net income experiences a tax reduction of $32,000 ($56,000 – $24,000) over just a two-year period. This analysis does not consider the time value of money.
Real estate investors will generally benefit by obtaining a cost segregation study if the cost basis of the property is at least $500,000.
Cost segregation produces tax deductions and reduces federal income taxes across the country and in every size market. Below are just a few examples of where cost segregation generates meaningful tax deductions.
A casualty loss may occur as a result of a flood, hurricane, tornado, mudslide or other natural disaster. The intuitive thought pattern is: “My apartment complex worth $5,000,000 suffered major damage totaling $1,500,000 for repairs and rent loss. Fortunately, I was completely covered for both physical damage and rent loss, other than a small deductible. There is clearly no casualty loss I can claim as a tax deduction, right?”
Tax deductions are the basis for tax reduction. Tax deductions reduce taxable income but do not directly reduce federal income taxes. For example, $100,000 of tax deductions reduces federal income taxes by $35,000 ($100,000 X 35%), assuming a 35% tax rate. Most tax deductions require a cash expenditure (labor, material, supplies, utilities, etc). A current period cash expenditure is not required for some real estate tax deductions and may not be required for a casualty loss.
Most real estate owners and investors do not consider casualty losses as a source of tax deductions. Few investors claim the casualty loss tax deduction the federal income tax code allows them. Let’s review the criteria for a casualty loss tax deduction and the thought process regarding acquisition of a property that has suffered a casualty.
Real estate owners suffer a casualty loss when the market value immediately after the casualty plus insurance proceeds is less than the market value immediately before the casualty. The complex issue is how to value the property immediately after the casualty. Let’s consider a 1-story suburban office park in Mississippi which suffered 3-feet of flooding due to Hurricane Katrina. Let’s further assume: 1) 8 feet of sheet rock must be replaced in the entire property to rebuild, 2) although the property was 90% occupied before the flood, occupancy is expected to only be 5% while rebuilding occurs, 3) stabilized occupancy after renovation is not clear since some businesses may not return, 4) construction will take 12-18 months due to the labor constraints and 5) the owner has casualty insurance to rebuild but did not have rent loss/business interruption insurance.
It is clear the market value after the casualty is less than the market value before the casualty less construction costs. Other factors to consider are: rent loss, market risk that not enough tenants will be available after construction is completed, cost of construction management, a illiquid market with few buyers just after the casualty, construction risk, interest rate risk (rates could rise during the construction period negatively affecting value), risk that operating expenses could increase during the construction period (perhaps insurance) and compensation for entrepreneurial effort to induce a buyer to coordinate labor capital, management and compensation for capital during the reconstruction and releasing process.
A careful analysis by an appraiser might show the improvements have no value after the flood. In appraisal assignments performed by the writer, a casualty loss of 10-30% of the market value before the casualty has occurred (in a straight-forward, defensible analysis) is typical. This can generate a meaningful casualty loss (and tax deduction).
For example, a property with a market value of $5,000,000 suffers a 30% casualty loss. While the casualty is a serious hardship for the owners, the $1,500,000 ($5,000,000 X 30%) tax deduction will mitigate the financial loss.
Congress provided a casualty loss tax deduction to encourage investment in real estate. If you have the misfortune to suffer a casualty loss, take the helping hand offered by congress and take the tax deduction.
Cost segregation produces tax deductions and reduces federal income taxes across the country and in every size market. Below are just a few examples of cities where cost segregation generates meaningful tax deductions.
Some people may have come across tax lien investing and several may haven’t been aware of its existence. There could be just several who actually understand how the market works and have been able to successfully invest in tax lien. This is something that isn’t considered by a lot of people as an investment tool but this can be one of the great decisions you can make as an investor if you will try tax lien investing. However, people don’t exactly know how to start but there are several things you can actually consider before you decide to start investing.
Those who are a beginner on tax lien investing, expect that there are more learning to do. Learn the basics and you have to know that one of the challenges of this investment is that the law varies per state and per county. It is advisable to learn about the redemption rights, what you’re searching for, the whole process of bidding and also your obligations with the law.
The property taxes taken from every home owner in the county is utilized to meet the budget annually. So there’s a deficiency in budget if household owners fail to pay their due taxes thus forcing the county to sell these tax liens to investors. So whoever wins the bid will end up as the new lien holder and when the homeowner decides to pay for the taxes, he or she will have to pay it to the lien holder plus the penalties. This provides a good benefit for you as an investor and in case the home owner doesn’t pay the taxes, you can actually foreclose the property or get a chance to deed it at a discounted rate. So before you decide to get yourself involved, pay attention to the bidding session and contact the county because you will need all of the info you can get and may as well get yourself a lawyer to help you with the process.
When bidding on tax lien, the only way to win is to try to bid the lowest interest rate. But you can not bid too low should you wish to make worth of your investment. Make a minimum bid when you enter auction but you cannot bid if interest rates are too low.
But of course before you decide to attend the auction it is best to at least do some research regarding the area. You don’t want to invest your money into something that’s not worth buying and worst on some area which has no real value and will not be able to resell the property. Perhaps you may as well investigate the houses if possible prior to the auction so that you would know that you’ll be bidding for the right property. You may want to start with residential homes if you’re a beginner.
Tax lien investing can pay you high rates of profit. Attend the auction and pay attention to the way it is conducted and when you’re confident and you think you have learned every single basics, then go for it!
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