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2012-10-02 Home Front: Politix

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Posted by Deacon Blues 2012-10-02 12:18|| || Front Page|| [2 views ] Top

#1 How did we miss it? -- It took that long for someone to drill down through the legal mess that is the ObamaNation-care law.
There are, I'm sure, even more unpleasant surprises to come.

Posted by Anguper Hupomosing9418 2012-10-02 13:18|| 2012-10-02 13:18|| Front Page Top

#2 How did we miss this? Because THEY told us THEY had to pass it before WE could find out what was in it.

Posted by Ptah 2012-10-02 13:18|| 2012-10-02 13:18|| Front Page Top

#3 These thresholds are not indexed for inflation...

Ah, another aspect of the Bernanke Plan(c), comes to light. /sarc off

Posted by Procopius2k 2012-10-02 13:26|| 2012-10-02 13:26|| Front Page Top

#4 I had a client ask about this yesterday; I couldn't give him a straight answer because I saw a lot of different interpretations of the law, and (as the article mentions) the IRS hasn't provided guidance on this yet, which isn't a surprise because of all the tax law changes getting thrown at them by Congress.

Posted by Raj 2012-10-02 13:28|| 2012-10-02 13:28|| Front Page Top

#5 Sounds more like another tax on earnings to me...

Posted by Bright Pebbles 2012-10-02 13:54|| 2012-10-02 13:54|| Front Page Top

#6 FYI -- the real estate market is NOT recovering.

The upshot is that foreclosures have been delayed due to the upcoming election. Without these distressed properties being sold the housing numbers showed an artificial increase (if you take numbers off the bottom your average goes up). There is now a backlog of foreclosures which will hit the market next year and, if anything, further depress prices.

Posted by Iblis 2012-10-02 14:10|| 2012-10-02 14:10|| Front Page Top

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