Q. I have the boardwalk and my friends were freaking out saying like "omg that's so rare there are only like 6,000 in the u.s."
is that true?
is that true?
A. The boardwalk piece is this rare: there are either zero, one or two boardwalk pieces.
For 2010, the rare pieces are:
â ⢠â Mediterranean Avenue ($50 prize, 5000 prizes)
â ⢠â Vermont Avenue ($100 prize, 1500 prizes)
â ⢠â Virginia Avenue ($200 SpaWish® Gift Certificate, 250 prizes)
â ⢠â Tennessee Avenue ($1,000 prize, 250 prizes)
â ⢠â Kentucky Avenue (Beaches Resorts â The Luxury Included® 4 Day/3 Night
â â â Family Vacation for two adults & two children 15 years or under, 122 prizes)
â ⢠â Short Line Railroad (EA SPORTS Trip, 8 prizes)
â ⢠â Ventnor Avenue ($25,000 prize, 5 prizes)
â ⢠â Pennsylvania Avenue ($50,000 prize, 4 prizes)
â ⢠â Boardwalk ($1 million dollar prize, 2 prizes)
If youâre curious, the $1 million top prize isnât lump sum.
Itâs a $50,000 annual payment for 20 years.
http://www.bargaineering.com/articles/how-to-win-mcdonalds-monopoly-game.html
It's easy for them to say that the 2 Boardwalk pieces musta been thrown out.
I wonder if they distribute any of the rare pieces at all.
For 2010, the rare pieces are:
â ⢠â Mediterranean Avenue ($50 prize, 5000 prizes)
â ⢠â Vermont Avenue ($100 prize, 1500 prizes)
â ⢠â Virginia Avenue ($200 SpaWish® Gift Certificate, 250 prizes)
â ⢠â Tennessee Avenue ($1,000 prize, 250 prizes)
â ⢠â Kentucky Avenue (Beaches Resorts â The Luxury Included® 4 Day/3 Night
â â â Family Vacation for two adults & two children 15 years or under, 122 prizes)
â ⢠â Short Line Railroad (EA SPORTS Trip, 8 prizes)
â ⢠â Ventnor Avenue ($25,000 prize, 5 prizes)
â ⢠â Pennsylvania Avenue ($50,000 prize, 4 prizes)
â ⢠â Boardwalk ($1 million dollar prize, 2 prizes)
If youâre curious, the $1 million top prize isnât lump sum.
Itâs a $50,000 annual payment for 20 years.
http://www.bargaineering.com/articles/how-to-win-mcdonalds-monopoly-game.html
It's easy for them to say that the 2 Boardwalk pieces musta been thrown out.
I wonder if they distribute any of the rare pieces at all.
Why are conservatives blaming Obama for the oil spill ?
Q. True, I too get the feeling that the Obama administration is sitting pretty tight on the matter
Conservatives seem to be doing even better by simply blaming Obama
Why cannot they come up with something concrete & positive
2 months to the day and the problem is only getting worse & all they do is bitching and bickering
Conservatives seem to be doing even better by simply blaming Obama
Why cannot they come up with something concrete & positive
2 months to the day and the problem is only getting worse & all they do is bitching and bickering
A. I don't blame obama for the oil leak however I do have issues with the way he is handling it.
I think it was 13 or 17 countries that offered to help. If that had been used it is very likely it would never hit the coasts.
see the Sweden offer below.
There was a backup plan the government never used.
Why was the BP emergency blowout plan lifted and given an exclusion 10 days before this happenned?
This whole thing needs to be investigated. It's more than just strange that right after offshore drilling was approved this happened. Too many on the left are happy about this.
There are other issues.
BP did donate allot of money to obama's campaign.
Safety responsibility shifted to companies The Canwest News Service also notes, âIn a recent investigation, the Wall Street Journal found that the U.S. (Department of the Interiorâs) Minerals Management Service (MMS), which regulates offshore drilling south of the border, has been gradually shifting safety responsibility to the oil industry.â
Documents show that no blowout plan was required for BPâs sunken Gulf rig because of relaxed federal regulations in 2009.
A Washington Post investigation concluded that in April 2009 the MMS granted BP a "categorical exclusion" from requirements under the National Environmental Policy Act to file papers on what it would do in the event of a blow-out at the new well. It reported that BP had lobbied for the exclusion just 11 days prior. Moreover in its own assessments, the MMS concluded that a blow-out at a deepwater well in the Gulf would be unlikely to generate spills bad enough for oil to threaten coastal ecosystems.
In 2008, the Interior Department took disciplinary action against eight MMS employees who accepted lavish gifts, partied and â in some cases â had sex with employees from the energy companies they regulated. An investigation cited a "culture of substance abuse and promiscuity" involving employees in the agency's Denver office. Bush put forth 17 warnings in 2008 and the Democrats sat and fiddled.
If U.S. officials had followed up on a 1994 response plan for a major Gulf oil spill, it is possible that the spill could have been kept under control and far from land.
The problem: The federal government did not have a single fire boom on hand.
A single fire boom being towed by two boats can burn up to 1,800 barrels of oil an hour, Bohleber said. That translates to 75,000 gallons an hour, raising the possibility that the spill could have been contained at the accident scene 100 miles from shore. "They said this was the tool of last resort. No, this is absolutely the asset of first use. Get in there and start burning oil before the spill gets out of hand," Bohleber said. "If they had six or seven of these systems in place when this happened and got out there and started burning, it would have significantly lessened the amount of oil that got loose."
it could have been contained to the point of not reaching land and that was offered May 8th, 2010. Stockholm were prepared to offer up to three skimming vessels able to collect about 50 tons of oil per hour from the sea and hold about 1,000 tons at a time. But for the record, the current message to foreign governments is: Thanks but no thanks, weâve got it covered. WE DO NOT HAVE IT COVERED.
Sweden offers to help the US to clean up oil spill
http://www.swedishwire.com/politics/4377-sweden-helps-the-us-to-clean-up-oil-spill-
"These offers include experts in various aspects of oil spill impacts, research and technical expertise, booms, chemical oil dispersants, oil pumps, skimmers, and wildlife treatment," the State Department said in a statement.
Published: May 8, 2010
Michael Mohr, Swedenâs homeland security liaison at the embassy in Washington, said Saturday that officials in Stockholm were prepared to offer up to three skimming vessels able to collect about 50 tons of oil per hour from the sea and hold about 1,000 tons at a time. The ships could take several weeks to arrive from the Scandinavian peninsula, Mr. Mohr said. âWeâre on standby,â he said. http://www.nytimes.com/2010/05/09/us/09rig.html
The administration has been relentless in its messaging that it is doing everything possible to aggressively respond to the oil spill.
I think it was 13 or 17 countries that offered to help. If that had been used it is very likely it would never hit the coasts.
see the Sweden offer below.
There was a backup plan the government never used.
Why was the BP emergency blowout plan lifted and given an exclusion 10 days before this happenned?
This whole thing needs to be investigated. It's more than just strange that right after offshore drilling was approved this happened. Too many on the left are happy about this.
There are other issues.
BP did donate allot of money to obama's campaign.
Safety responsibility shifted to companies The Canwest News Service also notes, âIn a recent investigation, the Wall Street Journal found that the U.S. (Department of the Interiorâs) Minerals Management Service (MMS), which regulates offshore drilling south of the border, has been gradually shifting safety responsibility to the oil industry.â
Documents show that no blowout plan was required for BPâs sunken Gulf rig because of relaxed federal regulations in 2009.
A Washington Post investigation concluded that in April 2009 the MMS granted BP a "categorical exclusion" from requirements under the National Environmental Policy Act to file papers on what it would do in the event of a blow-out at the new well. It reported that BP had lobbied for the exclusion just 11 days prior. Moreover in its own assessments, the MMS concluded that a blow-out at a deepwater well in the Gulf would be unlikely to generate spills bad enough for oil to threaten coastal ecosystems.
In 2008, the Interior Department took disciplinary action against eight MMS employees who accepted lavish gifts, partied and â in some cases â had sex with employees from the energy companies they regulated. An investigation cited a "culture of substance abuse and promiscuity" involving employees in the agency's Denver office. Bush put forth 17 warnings in 2008 and the Democrats sat and fiddled.
If U.S. officials had followed up on a 1994 response plan for a major Gulf oil spill, it is possible that the spill could have been kept under control and far from land.
The problem: The federal government did not have a single fire boom on hand.
A single fire boom being towed by two boats can burn up to 1,800 barrels of oil an hour, Bohleber said. That translates to 75,000 gallons an hour, raising the possibility that the spill could have been contained at the accident scene 100 miles from shore. "They said this was the tool of last resort. No, this is absolutely the asset of first use. Get in there and start burning oil before the spill gets out of hand," Bohleber said. "If they had six or seven of these systems in place when this happened and got out there and started burning, it would have significantly lessened the amount of oil that got loose."
it could have been contained to the point of not reaching land and that was offered May 8th, 2010. Stockholm were prepared to offer up to three skimming vessels able to collect about 50 tons of oil per hour from the sea and hold about 1,000 tons at a time. But for the record, the current message to foreign governments is: Thanks but no thanks, weâve got it covered. WE DO NOT HAVE IT COVERED.
Sweden offers to help the US to clean up oil spill
http://www.swedishwire.com/politics/4377-sweden-helps-the-us-to-clean-up-oil-spill-
"These offers include experts in various aspects of oil spill impacts, research and technical expertise, booms, chemical oil dispersants, oil pumps, skimmers, and wildlife treatment," the State Department said in a statement.
Published: May 8, 2010
Michael Mohr, Swedenâs homeland security liaison at the embassy in Washington, said Saturday that officials in Stockholm were prepared to offer up to three skimming vessels able to collect about 50 tons of oil per hour from the sea and hold about 1,000 tons at a time. The ships could take several weeks to arrive from the Scandinavian peninsula, Mr. Mohr said. âWeâre on standby,â he said. http://www.nytimes.com/2010/05/09/us/09rig.html
The administration has been relentless in its messaging that it is doing everything possible to aggressively respond to the oil spill.
Is it wise to add children's names on a real-estate property for tax reasons?
Q. Hello,
My dad owns a real-estate property in California. He asked me if it's a good idea to add me on his property in case something happens to him. I told him it might be wise to find out the tax ramifications (or any other ramifications for that matter). Anyone knows or knows where I can find out more info?
Thanks,
M
My dad owns a real-estate property in California. He asked me if it's a good idea to add me on his property in case something happens to him. I told him it might be wise to find out the tax ramifications (or any other ramifications for that matter). Anyone knows or knows where I can find out more info?
Thanks,
M
A. Depending on the circumstances, it is not always a good idea to add adult childrens' names onto real-estate property - here are the pro's and con's:
Pro - Easy inter-family transfer, when parents pass on, the child does not need to wait for the property to pass through probate. (This issue can be avoided also by setting up a revocable living trust.)
Pro - No need to file a "Gift Tax" tax return. Gift tax returns must be filed when a taxpayer makes a gift of $12,000 or more in one year ($24,000 or more when given by a married couple.) As another poster mentioned, that is simply a report, tax isn't triggered until the total gifts add up to $2 million.
Con - And this is a big one: No stepped up basis! Generally, people pay Capital Gains tax when they sell their homes. There's an exemption of $250,000 per taxpayer. So, if someone buys a home for $100,000 and sells it for $400,000 - the difference is $300,000. They get to exempt $250,000 and pay capital gains tax on $50,000.
Now, if your parents die and you inherit the property, you get a new basis of the value of the home at the time your parents die. So, lets say mom buys a house in 1970 for $50,000. She dies in 2010 when the house is worth $450,000. I sell the house in 2015 for $600,000.
If my mother put my name on the house - I inherit her basis - meaning I have a gain of $600,000 - $50,000 = $550,000 gain! EEK! After my $250k exemption, I pay tax on $300,000!
However, if I inherit the house, my gain is only $600,000 - $450,000 = $150,000 gain. All is exempted under my $250,000 exemption and I pay no tax!
So, as you can see.. if you are expecting a gain of more than $250,000 on the house when you sell it, its better to inherit than to transfer it within the family.
Pro - Easy inter-family transfer, when parents pass on, the child does not need to wait for the property to pass through probate. (This issue can be avoided also by setting up a revocable living trust.)
Pro - No need to file a "Gift Tax" tax return. Gift tax returns must be filed when a taxpayer makes a gift of $12,000 or more in one year ($24,000 or more when given by a married couple.) As another poster mentioned, that is simply a report, tax isn't triggered until the total gifts add up to $2 million.
Con - And this is a big one: No stepped up basis! Generally, people pay Capital Gains tax when they sell their homes. There's an exemption of $250,000 per taxpayer. So, if someone buys a home for $100,000 and sells it for $400,000 - the difference is $300,000. They get to exempt $250,000 and pay capital gains tax on $50,000.
Now, if your parents die and you inherit the property, you get a new basis of the value of the home at the time your parents die. So, lets say mom buys a house in 1970 for $50,000. She dies in 2010 when the house is worth $450,000. I sell the house in 2015 for $600,000.
If my mother put my name on the house - I inherit her basis - meaning I have a gain of $600,000 - $50,000 = $550,000 gain! EEK! After my $250k exemption, I pay tax on $300,000!
However, if I inherit the house, my gain is only $600,000 - $450,000 = $150,000 gain. All is exempted under my $250,000 exemption and I pay no tax!
So, as you can see.. if you are expecting a gain of more than $250,000 on the house when you sell it, its better to inherit than to transfer it within the family.
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