Looking for Judges Decision Jacobs vs Loflin

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Looking for Judges Decision Jacobs vs Loflin [Frozen] Moderators: luluwhit, gotothewhip, cindyt, crossspur, ForumAdmin Jump to page : < 1 2 3 4 5 6 7 >	Last activity 2015-10-31 10:51 AM 137 replies, 30940 views View previous thread :: View next thread
General Discussion -> Barrel Talk


oranges Reg. Sep 2009	Posted 2015-10-29 5:56 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Extreme Veteran Posts: 396	Big D meaning Divorce? I was surprised when I read in an earlier post there was court pending, I wondered why she wasn't in the tops at alot of rodeos this summer.
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Bear Reg. Dec 2007	Posted 2015-10-29 5:59 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
BHW Resident Surgeon Posts: 25352 Location: Bastrop, Texas	Serious question....is it possible that a judge could order the horse be put up for auction?
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TXBO Reg. Aug 2009	Posted 2015-10-29 6:01 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Googly Goo Posts: 7053	Bear - 2015-10-29 5:59 PM Serious question....is it possible that a judge could order the horse be put up for auction? Good thing King Solomon isn't on the bench.
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Bear Reg. Dec 2007	Posted 2015-10-29 6:02 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
BHW Resident Surgeon Posts: 25352 Location: Bastrop, Texas	TXBO - 2015-10-29 6:01 PM Bear - 2015-10-29 5:59 PM Serious question....is it possible that a judge could order the horse be put up for auction? Good thing King Solomon isn't on the bench. That's hilarious, because I JUST thought of that.
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Bear Reg. Dec 2007	Posted 2015-10-29 6:02 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
BHW Resident Surgeon Posts: 25352 Location: Bastrop, Texas	Good thing he wasn't on the bench during the Latte' debacle. I bet Bubba is handing out advice. Edited by Bear 2015-10-29 8:09 PM
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TXBO Reg. Aug 2009	Posted 2015-10-29 6:03 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Googly Goo Posts: 7053	Bear - 2015-10-29 6:02 PM Good thing he wasn't on the bench during the Latte' debacle. Great minds, Doc, great minds.
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Three 4 Luck Reg. Sep 2003	Posted 2015-10-29 6:07 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Accident Prone Posts: 22277 Location: 100 miles from Nowhere, AR	komet. - 2015-10-29 5:55 PM Would someone have to pay Personal Property Taxes every year on a 70k horse? Do horses count as personal property?
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lindseylou2290 Reg. Aug 2013	Posted 2015-10-29 6:20 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Expert Posts: 2457	Three 4 Luck - 2015-10-29 6:07 PM komet. - 2015-10-29 5:55 PM Would someone have to pay Personal Property Taxes every year on a 70k horse? Do horses count as personal property? Not that I know of .... even if they are part of a personal business, you don't pay taxes on every asset of the business ... You don't pay taxes on every cow, only what she produces IF you sell it. If you don't sell it, no income so no taxes. That's my understanding.
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komet. Reg. Jun 2012	Posted 2015-10-29 6:30 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Expert Posts: 4121 Location: SE Louisiana	lindseylou2290 - 2015-10-29 6:20 PM Three 4 Luck - 2015-10-29 6:07 PM komet. - 2015-10-29 5:55 PM Would someone have to pay Personal Property Taxes every year on a 70k horse? Do horses count as personal property? Not that I know of .... even if they are part of a personal business, you don't pay taxes on every asset of the business ... You don't pay taxes on every cow, only what she produces IF you sell it. If you don't sell it, no income so no taxes. That's my understanding. I guess it depends on the state. I worked for a dairy farmer that moved out of California because they taxed him quarterly on everything. The cows, grain bins, grain IN the bins, home, barn, ect..ect
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NJJ Reg. Jul 2006	Posted 2015-10-29 7:10 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Fact Checker Posts: 16575 Location: Displaced Iowegian	komet. - 2015-10-29 6:30 PM lindseylou2290 - 2015-10-29 6:20 PM Three 4 Luck - 2015-10-29 6:07 PM komet. - 2015-10-29 5:55 PM Would someone have to pay Personal Property Taxes every year on a 70k horse? Do horses count as personal property? Not that I know of .... even if they are part of a personal business, you don't pay taxes on every asset of the business ... You don't pay taxes on every cow, only what she produces IF you sell it. If you don't sell it, no income so no taxes. That's my understanding. I guess it depends on the state. I worked for a dairy farmer that moved out of California because they taxed him quarterly on everything. The cows, grain bins, grain IN the bins, home, barn, ect..ect Livestock DOES get taxed in many states as a yearly "personal property tax"....Arkansas & MIssouri are two that I do know that tax them, along with trailers, tractors, etc.....but on the other hand property tax is really low.
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bennie1 Reg. Oct 2003	Posted 2015-10-29 7:18 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Queen Boobie 2 Posts: 7521	Here in Missouri, my personal property tax assessment form has places to fill in trucks, cars, trailers, boats, tractors and horses and cattle.
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vjls Reg. Mar 2005	Posted 2015-10-29 8:27 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Miracle in the Making Posts: 4013	lindseylou2290 - 2015-10-29 7:20 PM Three 4 Luck - 2015-10-29 6:07 PM komet. - 2015-10-29 5:55 PM Would someone have to pay Personal Property Taxes every year on a 70k horse? Do horses count as personal property? Not that I know of .... even if they are part of a personal business, you don't pay taxes on every asset of the business ... You don't pay taxes on every cow, only what she produces IF you sell it. If you don't sell it, no income so no taxes. That's my understanding. i belive in georgia they are trying
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Three 4 Luck Reg. Sep 2003	Posted 2015-10-29 9:03 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Accident Prone Posts: 22277 Location: 100 miles from Nowhere, AR	NJJ - 2015-10-29 7:10 PM komet. - 2015-10-29 6:30 PM lindseylou2290 - 2015-10-29 6:20 PM Three 4 Luck - 2015-10-29 6:07 PM komet. - 2015-10-29 5:55 PM Would someone have to pay Personal Property Taxes every year on a 70k horse? Do horses count as personal property? Not that I know of .... even if they are part of a personal business, you don't pay taxes on every asset of the business ... You don't pay taxes on every cow, only what she produces IF you sell it. If you don't sell it, no income so no taxes. That's my understanding. I guess it depends on the state. I worked for a dairy farmer that moved out of California because they taxed him quarterly on everything. The cows, grain bins, grain IN the bins, home, barn, ect..ect Livestock DOES get taxed in many states as a yearly "personal property tax"....Arkansas & MIssouri are two that I do know that tax them, along with trailers, tractors, etc.....but on the other hand property tax is really low. Arkansas? Really? Huh. Never heard that.
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LindsayJordan Reg. Jun 2010	Posted 2015-10-29 9:19 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Elite Veteran Posts: 1118 Location: The South	Three 4 Luck - 2015-10-29 9:03 PM NJJ - 2015-10-29 7:10 PM komet. - 2015-10-29 6:30 PM lindseylou2290 - 2015-10-29 6:20 PM Three 4 Luck - 2015-10-29 6:07 PM komet. - 2015-10-29 5:55 PM Would someone have to pay Personal Property Taxes every year on a 70k horse? Do horses count as personal property? Not that I know of .... even if they are part of a personal business, you don't pay taxes on every asset of the business ... You don't pay taxes on every cow, only what she produces IF you sell it. If you don't sell it, no income so no taxes. That's my understanding. I guess it depends on the state. I worked for a dairy farmer that moved out of California because they taxed him quarterly on everything. The cows, grain bins, grain IN the bins, home, barn, ect..ect Livestock DOES get taxed in many states as a yearly "personal property tax"....Arkansas & MIssouri are two that I do know that tax them, along with trailers, tractors, etc.....but on the other hand property tax is really low. Arkansas? Really? Huh. Never heard that. I think we pay $25 a horse on ours. I'm always a smart *** and say I'm going to leave off a horse and see if they drive around counting horses in people's pastures
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TXBO Reg. Aug 2009	Posted 2015-10-29 9:21 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Googly Goo Posts: 7053	Three 4 Luck - 2015-10-29 9:03 PM NJJ - 2015-10-29 7:10 PM komet. - 2015-10-29 6:30 PM lindseylou2290 - 2015-10-29 6:20 PM Three 4 Luck - 2015-10-29 6:07 PM komet. - 2015-10-29 5:55 PM Would someone have to pay Personal Property Taxes every year on a 70k horse? Do horses count as personal property? Not that I know of .... even if they are part of a personal business, you don't pay taxes on every asset of the business ... You don't pay taxes on every cow, only what she produces IF you sell it. If you don't sell it, no income so no taxes. That's my understanding. I guess it depends on the state. I worked for a dairy farmer that moved out of California because they taxed him quarterly on everything. The cows, grain bins, grain IN the bins, home, barn, ect..ect Livestock DOES get taxed in many states as a yearly "personal property tax"....Arkansas & MIssouri are two that I do know that tax them, along with trailers, tractors, etc.....but on the other hand property tax is really low. Arkansas? Really? Huh. Never heard that. Google is never wrong.
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Three 4 Luck Reg. Sep 2003	Posted 2015-10-29 9:27 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Accident Prone Posts: 22277 Location: 100 miles from Nowhere, AR	LindsayJordan84 - 2015-10-29 9:19 PM Three 4 Luck - 2015-10-29 9:03 PM NJJ - 2015-10-29 7:10 PM komet. - 2015-10-29 6:30 PM lindseylou2290 - 2015-10-29 6:20 PM Three 4 Luck - 2015-10-29 6:07 PM komet. - 2015-10-29 5:55 PM Would someone have to pay Personal Property Taxes every year on a 70k horse? Do horses count as personal property? Not that I know of .... even if they are part of a personal business, you don't pay taxes on every asset of the business ... You don't pay taxes on every cow, only what she produces IF you sell it. If you don't sell it, no income so no taxes. That's my understanding. I guess it depends on the state. I worked for a dairy farmer that moved out of California because they taxed him quarterly on everything. The cows, grain bins, grain IN the bins, home, barn, ect..ect Livestock DOES get taxed in many states as a yearly "personal property tax"....Arkansas & MIssouri are two that I do know that tax them, along with trailers, tractors, etc.....but on the other hand property tax is really low. Arkansas? Really? Huh. Never heard that. I think we pay $25 a horse on ours. I'm always a smart *** and say I'm going to leave off a horse and see if they drive around counting horses in people's pastures I can confidently say they don't drive around counting horses...at least not where I live.
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Three 4 Luck Reg. Sep 2003	Posted 2015-10-29 9:28 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Accident Prone Posts: 22277 Location: 100 miles from Nowhere, AR	TXBO - 2015-10-29 9:21 PM Three 4 Luck - 2015-10-29 9:03 PM NJJ - 2015-10-29 7:10 PM komet. - 2015-10-29 6:30 PM lindseylou2290 - 2015-10-29 6:20 PM Three 4 Luck - 2015-10-29 6:07 PM komet. - 2015-10-29 5:55 PM Would someone have to pay Personal Property Taxes every year on a 70k horse? Do horses count as personal property? Not that I know of .... even if they are part of a personal business, you don't pay taxes on every asset of the business ... You don't pay taxes on every cow, only what she produces IF you sell it. If you don't sell it, no income so no taxes. That's my understanding. I guess it depends on the state. I worked for a dairy farmer that moved out of California because they taxed him quarterly on everything. The cows, grain bins, grain IN the bins, home, barn, ect..ect Livestock DOES get taxed in many states as a yearly "personal property tax"....Arkansas & MIssouri are two that I do know that tax them, along with trailers, tractors, etc.....but on the other hand property tax is really low. Arkansas? Really? Huh. Never heard that. Google is never wrong. LOL!
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NJJ Reg. Jul 2006	Posted 2015-10-29 10:05 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Fact Checker Posts: 16575 Location: Displaced Iowegian	TXBO - 2015-10-29 9:21 PM Three 4 Luck - 2015-10-29 9:03 PM NJJ - 2015-10-29 7:10 PM komet. - 2015-10-29 6:30 PM lindseylou2290 - 2015-10-29 6:20 PM Three 4 Luck - 2015-10-29 6:07 PM komet. - 2015-10-29 5:55 PM Would someone have to pay Personal Property Taxes every year on a 70k horse? Do horses count as personal property? Not that I know of .... even if they are part of a personal business, you don't pay taxes on every asset of the business ... You don't pay taxes on every cow, only what she produces IF you sell it. If you don't sell it, no income so no taxes. That's my understanding. I guess it depends on the state. I worked for a dairy farmer that moved out of California because they taxed him quarterly on everything. The cows, grain bins, grain IN the bins, home, barn, ect..ect Livestock DOES get taxed in many states as a yearly "personal property tax"....Arkansas & MIssouri are two that I do know that tax them, along with trailers, tractors, etc.....but on the other hand property tax is really low. Arkansas? Really? Huh. Never heard that. Google is never wrong. Didn't have to "google"....I live in Arkansas and YES, they (and cattle) are taxed as personal property.....IF you declare them.....LOL
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crossspur Reg. Dec 2004	Posted 2015-10-30 7:56 AM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Roan Wonder Location: SW MO	We live in MO & you have to pay personal Prop. tax on all livestock. We have to pay income tax on all horse profit sales, breedings fee ect. You are also supposed to pay taxes on all earning.
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quickdraw Reg. Apr 2009	Posted 2015-10-30 1:22 PM Subject: RE: Looking for Judges Decision Jacobs vs Loflin
Boot Detective Posts: 1900	If they are not in agreement, I would expect the owner to argue that appraisal figure. That is a nice mare but 700,000? Regardless, my heart breaks for Christy knowing she made that mare what she is. I guess she was lucky to get to ride her so many years but this is why I would never want to be competing at that level on a horse I do not own.
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