In addition to the tragedy of lost lives and injuries, Superstorm Sandy caused many billions of dollars in property damage. The sad truth: disasters occur every year in America. If you’re unlucky enough to suffer a disaster-related casualty, here’s what you need to know about the federal income tax implications. Theoretically, our beloved Internal Revenue Code allows you to claim an itemized deduction — on Schedule A of your Form 1040 — for personal casualty losses to the extent they are not covered by insurance. Exactly what is a casualty loss?
Comments: Just keep in mind that this 10% rule was put in the tax code by the DemocRATS in order to raise taxes on the masses without their knowledge. There is no lobby of future hurricane victims, so this was an easy mark for the Congress to make. No hurricane victim was going to invite them to an expensive dinner and talk tax policy or would have the funds left to make a big contribution to their re-election committee.
Hey, hows that progressive/socialism working out for all you NorthEastern pukes? Sitting out here in the nice, warm, Southwest enjoying watching the misery your socio/political ideology has brought upon you.
A neighbor of mine whose parents live in Jersey and are liberal, says her folks have been without power for almost two weeks and it's really really hell for them. Told the liberal child that at least the parents are breathing clean air. Hope the misery lasts for at least six months for those idiots.
It was a flight bound for Florida, and some airline pilots believe it also may have been a dry-run for terrorists. The 10 News Investigators have obtained an internal memo that details a frightening incident that brings back memories of the September 11, 2001 terrorist attacks. Since then, federal efforts have gone in place to prevent a similar attack, leading many to believe another attack what happened on 9/11 could never happen again. Wolf Koch, who flies Boeing 767s for Delta Airlines and is the Aviation Security Committee Chairman for the Air Line Pilots Association International, says that belief "is very foolish."
HOUSTON – A Texas Court of Appeals in Austin has overturned the conviction of former U.S. House Majority Leader Tom DeLay, attorney Brian Wice told KVUE sister station KHOU 11 News. DeLay, 66, was convicted in 2010 for his alleged role in a scheme to influence Texas elections. He was found guilty of money laundering and conspiracy to commit money laundering after he was accused of helping funnel corporate money to Texas candidates in 2002.
After purchasing the Boston Globe in 1993 for a then-record $1.1 billion, the financially troubled New York Times just announced it sold the 141 year-old paper to Boston Red Sox owner John Henry for a mere $70 million. That´s a straight 93% loss. Figuring in two decades of inflation would only make it worse -- as does the fact the Times retains the Globe´s pension liabilities, estimated at over $100 million. (snip) What might have sweetened the lower offer for the Times is that Henry offered a straight cash deal, which is expected to close sometime in September or October.
Things are going from bad to worse for Anthony Weiner after his spokeswoman went off on an expletive-laden rant about a former campaign intern after she wrote an unflattering expose of his faltering New York mayoral campaign.Barbara Morgan was so incensed by Olivia Nuzzi´s actions that she lost her cool - apparently unaware that she was talking on the record - when she (snip) called the former intern a ´fame hungry b***h who sucked at her job,´ she also called Nuzzi a ‘s*****g,’ ‘t**t,’ and ‘c**t´ and threatened to sue her.
A conservative group is challenging Democrat Ed Markey’s Massachusetts residency less than a week before he faces a special election for a U.S. Senate seat in that state. Markey, currently a member of the House of Representatives, should legally be considered a resident of Maryland, America Rising PAC stated in a Tuesday complaint filed with the Maryland state comptroller. The group also claims Markey violated Maryland law by failing to file Maryland tax returns despite living primarily in that state.
After San Antonio’s Sebastien De La Cruz’s national anthem rendition drew racist tweets, the Spurs invited back the 11-year old former “America’s Got Talent” semifinalist to sing again tonight. Before the Spurs hosted the Heat in Game 4 of the NBA Finals, De La Cruz’s encore wowed the crowd. See a video of his performance on Tuesday.
The American woman who was shot dead in Syria accused of being an Al Qaeda supporter married a Muslim man in a sham wedding for which she was paid cash and a van, MailOnline can reveal. Nicole Mansfield entered in a ´deal´ with Ayman Mohammed Bafil under which they would stay together until he got a green card. The pair met online, never lived together and did not even consummate their marriage - but after his papers came through he paid her what he owed. Records show that the couple were married in July 2010 but divorced in August 2011 when she apparently learned that
I have never been much of a conspiracy theorist. For me it was always Oswald by himself from the Texas School Book Depository and nothing in the intervening fifty years has disabused me of this notion. For the most part, I’m an Occam’s Razor kind of guy — the most obvious explanation is likely to be true. (Snip) To put it bluntly, Occam’s Razor has moved. Things that were once possibilities now seem almost certainties to me. Principal among those is that Obama’s academic records are perpetually unavailable for a reason — and that reason is most likely that they reveal
One of President Obama´s chief political assets has been his ability to excite young people like almost no politician in history. But the days of America´s youth fawning over the president are over. A new Harvard University Institute of Politics poll released Wednesday confirms what other surveys have shown in recent months: Millennials have soured on Obama so much this year that their opinion of him largely mirrors the American public´s. Even though Obama does not ever have to face another election, he should be worried about the findings for a couple of reasons, which we will dive into momentarily.
Last summer on his $100 million family tour of Africa, Barack Obama hoped for a priceless photo op with Nelson Mandela, the ailing freedom pioneer who went from prison cell to the presidency of South Africa. Mandela´s family suggested that wouldn’t happen. So, the Obamas did a photo op in Mandela´s former prison cell. Which Obama’s White House quickly tweeted upon word of the icon´s passing at 95. [Skip] But Obama was also caught staring at television coverage of Mandela’s passing, which became Obama’s Photo of the Day.
Hardly a week goes by without Hillary Clinton receiving another award. Last month she was named a “Global Champion” by the International Medical Corps, received the American Patriot Award at the National Defense University Foundation and the Hermandad Award from the Mexican American Leadership Initiative. [Snip] At this rate, if a bunch of elderly left-wing Swedes toss her the Nobel Peace Prize early on, the way they did to Obama, it will barely rate mention among all the other glittering trophies that have been bestowed on a woman whose only actual accomplishment was being married to a crooked governor with
A stunning new study unveiled on Fox News´ Hannity finds that President Barack Obama’s White House calendar records just one face-to-face meeting between Obama and his Health and Human Services (HHS) Secretary Kathleen Sebelius in the more than three-and-a-half years leading up to the disastrous Obamacare launch. The startling statistic comes from a new Government Accountability Institute (GAI) analysis of Obama’s own official White House calendar, as well as the Politico presidential calendar, and raises new questions about Obama’s executive leadership and management throughout the implementation of his singular legislative achievement. More alarming still, the president’s schedule lists 277 private
Speaker John Boehner said his party should support gay Republican congressional candidates and urged his colleagues to “be a little more sensitive” when running against women. “Some of our members just aren’t as sensitive as they ought to be,” Boehner said. When asked if he thinks his party should support gay candidates, Boehner simply said: “I do.”
In February, the Bush family’s personal emails were hacked by Guccifer, a hacker who uncovered photographs of former President George H. W. Bush in a hospital bed and George W. Bush’s oil paintings in the process. It seems Guccifer has struck again, this time targeting former President Bill Clinton and the Clinton Library. The hacker has reportedly uncovered doodles of Clinton drawing on what were, at the time, classified documents. Among the doodles is apparently a picture of a penis. The document uncovered is a briefing of the strategic measures the United States could take prior Clinton’s decision to intervene in