Kevin Murphy, Reuters
Submitted by: Editor
A 72,000 Square Foot Tax Write-Off In The Ozarks
Steven Huff, 60, chairman of TF Concrete Forming Systems, is building a 72,000 square-foot family home in the Missouri Ozarks. The "family" home will boast 13 bedrooms, 14 bathrooms, a library, music room, theater, and a 4,000 square-foot garage, among many other amenities. When complete, the home will become one of the largest single-family homes in the entire country.
"Pensmore", as Mr. Huff has named his astonishing show of materialistic hubris, will be constructed using steel-reinforced concrete that is energy efficient and resistant to annoying forces of nature called tornados. The "special" concrete will be manufactured by his company.
Do you see where this is going yet?
"The mission behind Pensmore is to serve as a living laboratory for ongoing research into energy conservation and disaster resistance," he said.
Mr. Huff's spanking new mega mansion will be a "show house" for his company's products that will yield "valuable insights a project of this scale can yield for building the homes, schools, hospitals and office buildings of the future."
The genius of his manipulation of the US tax codes is that because he is building the home with his company's product the entire project will be a tax write-off. Who do you think pays for his massive tax deduction?
While the local commissioners, zoning administrators, and douchebags who were paid off to conclude that the mansion wasn't unnecessarily large and would be a boon to the local economy,
Mr. Huff, his wife, and four children will only live in the home for "part of the year".
We applaud Mr. Huff's ability to game the system. We also believe that he is a complete and total shyster who represents the absolute worst kind of plutocrat - astonishlngly wasteful, supremely ego-centric, over-the-top excessive, and completely insensitive to the less unfortunate among us.
How many homes do you think he could build in Joplin, Missouri for the total cost to build and furnish his personal castle?
Do you think the tax codes need to be rewritten to prevent plutocrats from abusing the system?