Anyone wondering how the Federal government can afford to allow hedge fund operators to pay only a 15%% capital gains on the income they earn managing should read the article below. The Alice in Wonderland logic of the IRS has a purpose: even if only a small per centage of foreclosed homeowners pay off the IRS's claim for back taxes, those monies that are collected are good for the collection
"Lamont Cranston" <Lamont.Cranston@penumbra.com> wrote in message news:g029ev$67e$1@news.datemas.de... Geo wrote: On May 9, 12:23 pm, "Lamont Cranston" <Lamont.Crans...@penumbra.com> wrote: Geo wrote: On May 9, 11:12 am, "Sid9" <s...@bellsouth.net> wrote: "Geo" <taxpayer...@hotmail.com> wrote in message news:703a13d3-d8e3-4fab-8a40-2c32992bb0bb@a70g2000hsh
"Lamont Cranston" <Lamont.Cranston@penumbra.com> wrote in message news:g029ev$67e$1@news.datemas.de... Geo wrote: On May 9, 12:23 pm, "Lamont Cranston" <Lamont.Crans...@penumbra.com> wrote: Geo wrote: On May 9, 11:12 am, "Sid9" <s...@bellsouth.net> wrote: "Geo" <taxpayer...@hotmail.com> wrote in message news:703a13d3-d8e3-4fab-8a40-2c32992bb0bb@a70g2000hsh
Geo wrote: On May 9, 12:23 pm, "Lamont Cranston" <Lamont.Crans...@penumbra.com> wrote: Geo wrote: On May 9, 11:12 am, "Sid9" <s...@bellsouth.net> wrote: "Geo" <taxpayer...@hotmail.com> wrote in message news:703a13d3-d8e3-4fab-8a40-2c32992bb0bb@a70g2000hsh.googlegroups.com... On May 8, 7:23 pm, "Sid9" <s...@bellsouth.net> wrote: "Harry Hope" <riv
Mortgage Crisis Spreads Past Subprime Loans By Vikas Bajaj and Louise Story The New York Times Tuesday 12 February 2008 The credit crisis is no longer just a subprime mortgage problem. As home prices fall and banks tighten lending standards, people with good, or prime, credit histories are falling behind on their payments for home loans, auto loans and credit cards
