In theory, yes. 1031 exchanges can be used for more than just real estate. A 1031 exchange of a car would be considered a personal property 1031 exchange.
Held For Investment The question is whether the car - or any personal property for that matter - was held for investment (such as rental property) or used in the taxpayer's trade or business. It will qualify for 1031 ex
The politics of taxpayer-funded erectile dysfunction medication will hit the southwest Missouri airwaves today.
The squabble between the dueling Republican candidates began Friday when Steelman took Hulshof to task in a debate for voting in June 2005 against an amendment that would have banned Medicaid and Medicare recipients from getting reimbursed for the sexual impotency medication [...]
Tom Cruise And Suri
It’s shots like this that we hate. Tom Cruise and Katie Holmes took their daughter Suri and Tom’s two children Connor and Isabella to dinner last night in Beverly Hills, California. They ate at E Baldi Restaurant. They had police escorts. Why is taxpayers money wasted like this? We see this [...]
Laws for Non-filers
Not filing your tax returns for a year or more, will undoubtedly alert the IRS and you will be classified as a non-filer. If you have acquired this status, you have IRS Problems. Whether you have not filed because you procrastinated, you did not have the money to pay the taxes you owed, or you just have chosen not to file, the IRS will catch up with you and you will pay t
Debate is swirling as to whether the fiscal-stimulus payments headed to taxpayers will recharge the economy, but there's no question they're stimulating plenty of scammers' frauds, and at least one company's marketing pitches.
Minnesota State funded Muslim public school
Recently, I wrote about Tarek ibn Ziyad Academy (TIZA), a K-8 charter school in Inver Grove Heights. Charter schools are public schools and by law must not endorse or promote religion. Evidence suggests, however, that TIZA is an Islamic school, funded by Minnesota taxpayers. TIZA has many characteristics [...]
When I went downstairs to the mailboxes to check my mail today, I discovered a letter in my slot with the ominous letters “IRS” and the trademark federal eagle logo stamped on it. My heart immediately skipped a beat. Was I being audited? But then I thought again - that wouldn’t make any sense - [...]
FED action is outrageous and FED is using taxpayers money to buy Bear Sterns Maseratis.Value of our dollar takes another hit from the FED Reserve. Wait and see how much your dollar buys at the pump now.read more | digg storyLiberty Central- Conservatism's Blog of Choice
Earlier today, Bloomberg’s John Brinsley talked about how U.S. Treasury Secretary Henry Paulson may find it necessary to revise his strategy for dealing with record U.S. home foreclosures after Federal Reserve Chairman Ben Bernanke urged lenders to forgive portions of some loans. Bernanke, in a speech yesterday to bankers in Orlando, Florida, called for [...]
A model of Open Source school computing is emerging which could save the taxpayer billions of pounds and provide enormous opportunities for the home-grown technology sector based around Open Source software.read more | digg story
In a groundbreaking ruling, the Wisconsin courts have determined that the Wisconsin Virtual School, run by K12, Inc. is operating illegally. The Judge ordered funding to cease effective immediately. According to the Wisonsin judge, it is illegal for school districts to pay for virtual schools for a number of reasons. One reason cited is that the parents [...]
Bill Moyers is a journalist on PBS whose salary is paid using our tax dollars. Nevertheless, his slanted commentary is often unapologetic, arrogant and condescending. This week, Moyers went on his show to complain that too few corporations own all of the media. His argument, as you will see, makes erroneous assumptions about the media's structure and institutions that are not supported by...
Click the Headline Link to Visit Copious Dissent and Read the Full Story.
Seeking to recoup tens of millions spent by government-financed health programs on prescriptions for Vioxx, New York State and New York City joined yesterday in filing a lawsuit against Merck, the drug’s maker, which withdrew the painkiller from the market in 2004 because of dangerous side effects.
The lawsuit, filed yesterday in State Supreme Court in Manhattan, accuses Merck & Company of intentionally concealing the dangers of Vioxx, and therefore defrauding the state Medicaid program, which paid for the prescriptions. The drug was used to treat arthritis and migraines but led to a high risk of heart attacks and strokes.
New York Times September 18, 2007
The National Institutes of Health (NIH) is the world’s largest source of funding for biomedical research. Taxpayers provide more than $28 billion annually for the NIH (1), yet only about a third of the research studies are made publicly available in various repositories after a 12-month delay (2). Lawmakers are trying to change this and the U.S. Senate is currently deliberating a bill that would require all research funded by the NIH to be freely available to the public within 12 months of publication.
The requirement builds upon an earlier voluntary NIH initiative to establish a web-based repository for barrier-free access to primary reports in the life sciences (3). Unfortunately, since it’s implementation, the voluntary initiative has failed to attain a deposit rate greater than 5% by individual researchers (4). Thus, advocates of open access to scientific research have been lobbying to make it a mandatory requirement.
The U.S. House of Representatives passed the provis
My father expired in April 2007 while still in service. His income was taxed at source by his employer (a public sector unit). Few questions:1) I know he filed tax returns every year, but could not...
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
The Indonesian parliament Tuesday passed a new tax law to protect taxpayer rights and prevent tax officials from abusing power. The law aims at creating a regulatory framework to make it easier for taxpayers to appeal official rulings, and to reduce incidences of arbitrary detention of taxpayers. Also under the law, taxpayers will not be obliged to pay a disputed tax amount until a court ruling has been made. In a recent interview with Dow Jones Newswires, Finance Minister Sri Mulyani Indrawati said the government hopes to create an "equilibrium of check and balance between taxpayer rights and tax officer authorities." The business community is expected to welcome the new law, widely viewing the current one as giving too much power to officials. The new law is expected to take effect in September.
After passing through the gates into my apartment complex, I routinely check the mail on my way home from work. I received a notice from Uncle Sam saying that I haven’t paid my taxes yet.
I...
Visit my blog @ ModernSoapbox.com to read the rest.
It cost Idaho just $13,443 for Gov. C.L. "Butch" Otter, two guards and three other state officials to make a four-day trip to Cuba to promote agricultural products and continue Otter's campaign of lifting economic and travel prohibitions to the communist island.
Taxpayer costs from the early April trip included $673 for each state official's airfare, as well as daily reimbursements, and such things as gifts for Cuban officials and name tags, according to records obtained by The Associated Press. The rest of the $85,000 total for the trip was paid by 29 private business people, aid-agency workers and guests who accompanied Otter's first trade mission as governor.
Otter made his fourth trip to Cuba since 2000 - the others came while he was a U.S. House member - to persuade the Castro government to buy more Idaho foodstuffs. Otter also disagrees with the 46-year-old U.S. policy restricting most Cuban trade and travel, and wanted to spotlight that cause.
So far, the trip's results hav
As long as taxpayers are supporting private development the economic conditions hurting the area will persist.
The Buffalo Urban Renewal Agency approved a $2 million low-interest loan that will help finance the development of the Warehouse Lofts project. The loan package was approved during the agency’s meeting Thursday.
The Warehouse Lofts are the latest in a lengthy series of downtown residential projects. Since 2002, more than 1,000 people have moved into more than 400 apartments and lofts in the immediate downtown area.
Schneider said he expects that trend to continue.
“We’re still bullish on the market,” he said.
The government guaranteed financing takes the money out of tax payers pockets to subsidize apartments for a select few individuals. If this is such a bullish market, why is taxpayer support needed for an apartment building?
The apartments will include 10 single-bedroom units and 20 two-bedroom units. The apartments will range in size from
How do you like this? Senator Carl Levine visited Iraq on Oct 1-3 and notes this on his official Senate website:
Our Marine leadership in al Anbar advises that 30 percent of all contracts, including U.S. Government let contracts paid for with U.S. taxpayer dollars, goes to al Qaeda. — Carl Levine
The deliberate refusal of this congress to exercise their obligation of oversight allowed this administration to pull out of Afghanistan without vanquishing Al Qaeda , begin an illegal war in Iraq, grossly mismanage billions of dollars in Iraq, ignore the rise of Al Qaeda in Iraq as a direct result of our actions within that country, and now allow AMERICAN TAXPAYER MONEY TO FUND OUR SWORN ENEMY.
Fire the traitorous bastards who decline to exercise oversight. Put somebody in there who will do their damn job.
Taxpayer funded Al Qaeda. Christ.
Hat Tip to Altercation
Terrorism, Al Qaeda, Levine, Iraq
Tags: Terrorism, Al Qaeda, Levine, Iraq
Click these buttons to share this sto
The last edition of the Sunday Herald carried an article investigating the payment by British Nuclear Fuels of £15,050 to a pro-nuclear Trade Union lobby group called Nuklear21. That an employer should directly fund a trade union is peculiar to say the least; that a state-owned company should hand over more than 15 grand of taxpayers' money to a trade union is obscene:
Nuklear21's expense claims were released to the Sunday Herald by BNFL in response to an appeal under the Freedom of Information Act. The company had initially claimed that it did not hold any information about the group's funding.
But this was overturned after a review by BNFL's head of taxation, David Canfield. He said the company's initial attempts to trace documents about Nuklear21 funding were "evidently not sufficient".
All very secretive. A spokesman for Nuklear21:
brushed aside criticism of BNFL paying for dinners out in Brighton. "We've got to eat, haven't we?" he said.
Very percepti
