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5/9/2010 2:06:10 PM
 
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Section 5: OPA Board Subject: OC Bayside Debacle Msg# 738469
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..........unless you are referring to a possible IRS tax liability. Of course the IRS tax liability. OPA is renting out property in OC to others for the sole purpose of generating income for OPA. The Congress shall have power to lay and collect taxes on incomes, from whatever source derived,.......... |
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For reference, the above message is a reply to a message where: $55,000 minus a one year OPA tax liability on this income equals the real benefit to OPA. I don't understand what you mean. OPA itself has no tax liability unless you are referring to a possible IRS tax liability. Were you laughing when you wrote the above? No, but you are probably correct in intimating none of this will even be remembered when the next round of negotiations begin. OPA tends to act in a history-vacuum. |
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