Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Philly.com)   Yo, Adrian, don' bodder goin' t'work t'day   ( philly.com) divider line
    More: Sad, Rocky movie franchise, Defamation, Pet store, general assignment digital, legendary Philly crimes, city tour guide, fictional pet store, Rocky  
•       •       •

5101 clicks; posted to Entertainment » on 21 Apr 2017 at 9:50 AM (30 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



27 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2017-04-21 08:02:15 AM  
Bull Mastiff I could have sworn that was a British Bulldog.
I think Davey boy.
 
2017-04-21 08:20:08 AM  
Cuff and Link mourn.
 
2017-04-21 08:26:00 AM  
I mean, on one hand, it was a place in a movie.  On the other hand, it was a run down busted up building.  So, meh.
 
2017-04-21 08:50:19 AM  

vonmatrices: I mean, on one hand, it was a place in a movie.  On the other hand, it was a run down busted up building.  So, meh.


1.bp.blogspot.com

Yep, she's busted.
 
2017-04-21 09:57:59 AM  
Now I want to open a store called Adrian's Fictional Pet Store.
 
2017-04-21 10:13:24 AM  
Here I thought this was about not trying to drive through the city near the Art Museum due to the setup for the NFL draft festivities.
 
2017-04-21 10:29:09 AM  
img.fark.net
 
2017-04-21 10:50:10 AM  

vonmatrices: I mean, on one hand, it was a place in a movie.  On the other hand, it was a run down busted up building.  So, meh.


Yeah, that's kinda how it goes.  If somebody cared enough about it they could have bought it and preserved it.
 
2017-04-21 10:51:44 AM  
FTFA: According to city property records, the building was owned by  Joseph Marks from 1981 until 2011, when he signed the deed over to an Anthony R. Lighty for $1. Neither Marks nor Lighty could be reached to comment.

Christ almighty, why does every financial transaction in Philadelphia have to be set up to dodge income taxes?  You know this is why there's garbage literally blowing around in your streets.  Pay some f*cking taxes and they can afford to actually maintain the city.
 
2017-04-21 11:04:10 AM  

mike_d85: Christ almighty, why does every financial transaction in Philadelphia have to be set up to dodge income taxes?


I don't understand real estate OR taxes!
 
2017-04-21 11:07:56 AM  

mike_d85: FTFA: According to city property records, the building was owned by  Joseph Marks from 1981 until 2011, when he signed the deed over to an Anthony R. Lighty for $1. Neither Marks nor Lighty could be reached to comment.

Christ almighty, why does every financial transaction in Philadelphia have to be set up to dodge income taxes?  You know this is why there's garbage literally blowing around in your streets.  Pay some f*cking taxes and they can afford to actually maintain the city.


Why would you do that? Cheating on your taxes is the new American Way.
 
2017-04-21 11:15:30 AM  

MugzyBrown: mike_d85: Christ almighty, why does every financial transaction in Philadelphia have to be set up to dodge income taxes?

I don't understand real estate OR taxes!


Well let me explain it to you then.

When the deed was transferred for $1 the seller essentially sold his property at a massive loss.  This way, when he filed his taxes he has a big old loss sitting on his income tax filing that he can carry forward for years in the future.  So any money the seller makes in the future he gets a discount on his taxes.

Since all the documentation reads $1 that even if the seller made a shiatload of money that never went to the bank (a big ass pile of cash was handed to him) he doesn't have to show it because there is no documentation with the IRS that he received money.  And yes, judging by my experience with Philadelphia I would actually expect legitimate business transactions to be done in large envelopes of cash.
 
2017-04-21 11:38:00 AM  

mike_d85: Well let me explain it to you then.


Let me explain that you don't know what you're talking about and it doesn't make any sense.

#1 Income taxes are a % less than 100. So if you are intentionally losing money to save money on taxes, you're doing it wrong.

#2 $1 Property sales on records do not mean the property was sold for $1. There are lots of different circumstances, wills, divorce, corrections on a deed, etc will show as $1 in the public record because you have to put something on the record.

#3 Any profits gained on a real estate transaction would have almost nothing to do with the city's tax revenue as that would be a federal income tax.

#4 Selling a property for $1, even if it was accurate, would not affect the city's tax base as if the property is sold for under market value, the city applies its tax based on its calculated market value.

#5 There could be a legit reason to actually sell a property for $1. If the back real estate taxes are worth more than the property, for instance.
 
2017-04-21 11:52:15 AM  

MugzyBrown: mike_d85: Well let me explain it to you then.

Let me explain that you don't know what you're talking about and it doesn't make any sense.

#1 Income taxes are a % less than 100. So if you are intentionally losing money to save money on taxes, you're doing it wrong.

#2 $1 Property sales on records do not mean the property was sold for $1. There are lots of different circumstances, wills, divorce, corrections on a deed, etc will show as $1 in the public record because you have to put something on the record.

#3 Any profits gained on a real estate transaction would have almost nothing to do with the city's tax revenue as that would be a federal income tax.

#4 Selling a property for $1, even if it was accurate, would not affect the city's tax base as if the property is sold for under market value, the city applies its tax based on its calculated market value.

#5 There could be a legit reason to actually sell a property for $1. If the back real estate taxes are worth more than the property, for instance.


#1 Because the paperwork says you lost money it doesn't mean cash didn't change hands.  The majority of my argument is assuming fraud.  Also, if a property is a money pit selling for a loss will actually save you money in the long run.

#2 Yes.  Because the likelihood of two males with different last names being family, divorced, or otherwise closely related is high.  Also again, documentation does not reflect reality.    The majority of my argument is assuming fraud.

#3 I was going to throw Philadelphia's income tax in your face, but it appears to be wage-based only.  The school income tax includes rent, but I didn't dig to see if income on real estate is included or accounts for loss.  I assumed it was based on federal AGI.  That's and oddly obscure thing to know without living there and the internet being the internet I'm going to assume neither of us had all those details at the time of posting.

#4 You are correct.

#5 True, but I would assume a reporter who is bothering to pull property transaction documents would have managed to find record of that.

Again, my point was more that every transaction I see in the city of Philadelphia appears to be predicated to avoid official documentation so that all sales and revenues are reported to taxing agents as little as possible.  I'm talking about out and out fraud.
 
2017-04-21 12:02:42 PM  

mike_d85: #2 Yes.  Because the likelihood of two males with different last names being family, divorced, or otherwise closely related is high.


My  (half) brother and I have different last names, he has other brothers with different last names.
Both my brother in laws have different last names.
All my nephews have different last names than me.
Most my cousins have different last names than me.
My brother in laws all have different last names than mine.
All my uncles save one have different last names than me.
My father in law has a different last name.

Boy I'm not related to any males.
 
2017-04-21 12:05:49 PM  

vonmatrices: I mean, on one hand, it was a place in a movie.  On the other hand, it was a run down busted up building.  So, meh.


It was a run down building when it was in the movie. That was the whole point.

Good riddance. Somebody stick a plaque on whatever goes up in its place.
 
2017-04-21 12:44:39 PM  
They're gonna go ahead and put up the Talia Shire statue, though, right?  Like her behind a cash register, or a bird sitting on her finger or something?  And have a Billy Bass - type feature that says, "But Rocky....." every time somebody walks by.
 
2017-04-21 01:58:47 PM  

spongeboob: mike_d85: #2 Yes.  Because the likelihood of two males with different last names being family, divorced, or otherwise closely related is high.

My  (half) brother and I have different last names, he has other brothers with different last names.
Both my brother in laws have different last names.
All my nephews have different last names than me.
Most my cousins have different last names than me.
My brother in laws all have different last names than mine.
All my uncles save one have different last names than me.
My father in law has a different last name.

Boy I'm not related to any males.


And you conduct business transactions with all of them?
 
2017-04-21 01:59:41 PM  
The property was in Kensington. It was worth a dollar at most.
 
2017-04-21 02:10:15 PM  

mike_d85: spongeboob: mike_d85: #2 Yes.  Because the likelihood of two males with different last names being family, divorced, or otherwise closely related is high.

My  (half) brother and I have different last names, he has other brothers with different last names.
Both my brother in laws have different last names.
All my nephews have different last names than me.
Most my cousins have different last names than me.
My brother in laws all have different last names than mine.
All my uncles save one have different last names than me.
My father in law has a different last name.

Boy I'm not related to any males.

And you conduct business transactions with all of them?


You only would give a relative whose name you shared a good deal?
 
2017-04-21 03:42:03 PM  
img.fark.net
Inconsolable.
 
2017-04-21 04:36:43 PM  
I've always wanted to go to Philly to explore places like this, but I'm also not on a death wish.
 
2017-04-21 05:00:09 PM  

bluorangefyre: I've always wanted to go to Philly to explore places like this, but I'm also not on a death wish.


Take a guided tour.
 
2017-04-21 05:36:27 PM  
tse2.mm.bing.net
 
2017-04-22 01:01:39 AM  

bedonkadonk: bluorangefyre: I've always wanted to go to Philly to explore places like this, but I'm also not on a death wish.

Take a guided tour.


Is there one that goes near the sites of the Baker Bowl and Shibe Park?
 
2017-04-22 10:49:20 AM  
Looks like the whole block needs leveled. . . .Tell the police MOVE has a new HQ there.


https://­www­*g­oog­le*com/m­aps/p­la­ce/­2­146­+N*+Fro­nt+Stree­t/[nospam-﹫-backwards]93*9828785,-75​.1326421,3a,90y,278.17h,78.16t/data=!3m6!1e1!3m4!1sOoRBPYa9iNCm23VJst-​uug!2e0!7i13312!8i6656!4m2!3m1!1s0x0:0x5aa359d92aee6830!6m1!1e1
 
2017-04-22 11:51:13 AM  

bluorangefyre: bedonkadonk: bluorangefyre: I've always wanted to go to Philly to explore places like this, but I'm also not on a death wish.

Take a guided tour.

Is there one that goes near the sites of the Baker Bowl and Shibe Park?


It's up to you where you go.
http://www.urbanadventures.com/Custom-Philadelphia-Philadelphia-priva​t​e-tour?__uap=Philadelphia
 
Displayed 27 of 27 comments

View Voting Results: Smartest and Funniest

This thread is archived, and closed to new comments.

Continue Farking

On Twitter





Top Commented
Javascript is required to view headlines in widget.
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report