Here Comes The Property Confiscation By The IRS. Govt Suspends SLUG Payment Due To Debt Ceiling.
You know how, when you own your home outright, if you don’t pay the property taxes on it, the govt can take your home
for back taxes?
Well, when municipalities issue bonds (borrow from the public) they have tax obligations with the IRS, and the Fed.
What are SLGS?
“Treasury Securities – State and Local Government Series” – also known as “SLGS” – are special purpose securities that the Department of the Treasury issues to state and local government entities, upon request by those entities, to assist them in complying with federal tax laws and Internal Revenue Service arbitrage regulations when they have cash proceeds to invest from their issuance of tax exempt bonds.
http://www.treasurydirect.gov/govt/resources/faq/faq_slgs.htm
Without making it too complex, the Federal govt loans money to the States and Munis so they don’t default on their tax obligations. If a State can’t pay their taxes, technically, ther IRS could confiscate properties funded by Muni bonds, like Stadiums, Schools, and Hospitals.
The US Treasury Department announced yesterday evening that it will stop the sale of state and local securities or “slugs.” The securities are used by states to comply with local tax rules. Ending the sale of slugs is the last measure the Treasury Department can take to avoid amassing any further public debt and stave off the debt ceiling while congress continues its budget dysfunction.
The suspension will go into effect on May 17.
http://civsourceonline.com/2013/05/16/debt-ceiling-debacle-ends-sale-of-state-and-local-securities/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,687,769,809 |
| Stories: | 8,390,323 |
Whistler Blowers, Insiders
