"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Lost Your Home? You May Owe the IRS
Submitted by Mike Powers on Sun, 2007-10-14 16:00
"Even if you received no money from a foreclosure sale, you may have to pay capital-gains taxes on the phantom income. And that's not all."
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