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Sohodojo Advisory Board Member
Jim Schneider
The Taxman86 Speaks...
04 April 2000
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Where is Enron Field in Houston, Texas or Coors Field in Denver Colorado?; The Whitehouse is having an Economic Summit on Distressed Communities; and life begins at 40.

1. The L.A. Times wants life downtown.

Several times in the last month the Column One Feature on the front page has described successful downtown revitalization efforts, with downtown Houston being the latest. "...The idea of yuppies, retirees and vexed commuters moving back to the city centers..." is the theme. How about tax incentives being one of the reasons--never mentioned, but it is there. Houston has an Enhanced Enterprise Community, just as Oakland California does.

Right next door to downtown is Rice University and Enron Field [they are both in the Enhanced Enterprise Community] Oakland has the University of California at Berkeley and San Francisco Bay. What does this mean for a home-based business within an Enhanced Enterprise Community, up to $3M in tax exempt financing for starters, with more to come.

2. It is politics stupid.

This is an election year and President Bill Clinton and Vice President Al Gore are not going to let anyone forget that. The Republican Congress is on a roll with tax legislation in the next two weeks and Distressed Communities has been promised right after the Easter Break in early May. Thus the Whitehouse wants everyone to know that their New Communities Plan is important by having a Whitehouse Economic Summit on Distressed Communities tomorrow, April 5, 2000

Hopefully the bipartisan legislation will have a little bit of everything including 100 Renewal Zones for Houston, Los Angeles, Denver so that we can walk to our baseball games, to the art gallaries, to the music centers from our Urban Home-based Businesses in a ZERO CAPITAL GAINS ZONE.

3. What to do after you retire from corporate life to a home- based business? The story of the boomers.

After early retirement from the fast track corporate world with pensions, investments and all it is back to the home that the boomers are going with Home-based Businesses.

Has anyone suggested that incorporation of that Home-based Business, with a new retirement plan [this can start with roll overs from the old plans] that has borrowing privileges, as one of many perks, including an employer paid spa, may be the way to go? We hope so.

Jim Schneider, LL.M.

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