It gets reworked by TAX payer money so they only owe the "market value" determined by a judge of 300,000.

And the estimated cost to taxpayers would be roughly zero; while Fannie and Freddie would receive less money in payments, this would be balanced out by a reduction in defaults and foreclosures."

That's 8 months of interest payments, utility payments, tax payments, insurance payments...you get the idea.

See report: $56 Trillion in Unfunded Liabilities This is a story that appeared in USA Today before the current crisis: Taxpayers on the hook for $59 trillion The Government theory: If you don’t like a number, move it off-budget and ignore it!

We've promoted an ever-larger number of lazy, non-working deadbeats that are supported by taxpayer handouts as we promise more and more entitlements for everyone.

Will,A legitimate business expense is deductible no matter whether the taxpayer is a sole proprietor or has incorporated.

So your $150K purchase price when adjusted for the deferred capital gain, gives you an adjusted basis of $100K.Under the rules in effect today, when you sell your primary residence you can take the first $250K per taxpayer tax free.

Taxpayers should not have to come rushing out with a checkbook to save a company.

It was a GREAT time of growth and productivity during which the USA made its leadership role in both industrialization and creative thinking absolutely cemented for almost 20 years (Johnson blew it to shreds, but it took a while to see the effect).We have yet to recover from "The Great Society" of Johnson's insanity, but we're about to embark on the finishing touches with the expansion of useless ideas pursued with non-existent money that will become "existent" when the future taxpayers try to pay just the INTEREST on the balances about to be created.And that's just the prelude to the short version of the summary.

The reason we are not as happy as the northern European is because we do pay a lot of taxes, Federal, state , local, property, sales, etc and yet, we don't enjoy that money as tax payers.