However, there are certain circumstances, which require the taxpayer to claim the entire income amount.

Tax payers are out about $45K per home sold.

How much did it cost the American tax payer for Obama and family and Air Force One, and all the Secret Service, Secretaries, and support staff to head to Europe to voice support for Chicago?

CIT just cost the taxpayer almost $2B...

If the house is located on the beach, you are probably protected by this stupid federal law that requires the tax payer to pay for rebuilding the property in case of a hurricane, However, if the house is not a beach-front property, I'm not aware of any law that force insurance companies to insure it.

It's quite obvious to me that the government used the bank bailout to either control the banking industry or the banking industry used the government to pilfer the taxpayer (same thing).Capitalism didn't fail us - we failed capitalism by not allowing it to work.

The TRUTH is that the taxpayer is paying these people to be STUPID!

They maade stupid loans and deserve to lose their money as well instead of getting a government bailout.We live in times when it is always someone else's fault for one's own mistakes and, for some reason, prudent taxpayers are supposed to pay for it all.

(We do have a type of government school system as well, but I do not know anyone who goes to those - I think it is mostly just a scam to waste taxpayer money.)One of the things about Asia is that, except for the Middle-East, the rest of us are generally very concerned about the education of our children.

And liquor, too, since it's bought with taxpayers' dough?