Archive for January, 2012
“The Penny Plan” to Eliminate the Federal Deficit
photo credit: Robert Couse-Baker We all know that Uncle Sam’s trillion plus dollar budget deficits are unsustainable. Debt is now larger than Gross Domestic Product and we are well on our way to Greece-level debt (and that excludes our “off the book debt,” see sidebar for our true debt levels . . . around $77 [...]
Are Taxes Forcing 2011 HGTV Dream Home Winners to Sell?
It was just announced that the winners of the 2011 HGTV Dream Home in Stowe Vermont have put their house up for sale . . . for a cool $3,795,000. However, this clip from the story makes you wonder if property taxes aren’t to blame: The annual taxes on the home are $27,720, according to [...]
Income Tax Consequences of Winning HGTV 2012 Dream Home in Midway, Utah
photo credit: Hammer51012 Another year and another HGTV Dream Home. This year’s HGTV 2012 Dream Home is a river-front home in Midway, Utah. According to the HGTV contest rules, it comes with a home and furnishings (valued at $1,500,000), cash ($500,000) and a 2012 GMC Terrain SLT2 ($38,755, shown above) for a grand package valued at a [...]
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