Cypress to confiscate part of all private bank accounts

[bayouhazard]

Stealing money from the Russian mob is gutsy but not too smart.

[gthaustex]

The more things change, the more they stay the same. Of course this was a while ago, and was related to an interview about British politics. However, it is very applicable to Cyprus and the essential nationalization of a portion of the bank accounts there....

Llew Gardner

There are those nasty critics, of course, who suggest that you don't really want to bring them down at the moment. Life is a bit too difficult in the country, and that … leave them to sort the mess out and then come in with the attack later … say next year.[[abbreviated profanity deleted] 13]

Mrs. Margaret Thatcher

I would much prefer to bring them down as soon as possible. I think they've made the biggest financial mess that any government's ever made in this country for a very long time, and Socialist governments traditionally do make a financial mess. They always run out of other people's money. It's quite a characteristic of them. They then start to nationalise everything, and people just do not like more and more nationalisation, and they're now trying to control everything by other means. They're progressively reducing the choice available to ordinary people.

[sjfcontrol]

Y'all are aware that a part of obamacare is a 3%(?) tax on the sale of any ASSET over $100K ?

So, sell your house, and you'll have something in common with Cypress. .

[VMI77]

Y'all are aware that a part of obamacare is a 3%(?) tax on the sale of any ASSET over $100K ?

So, sell your house, and you'll have something in common with Cypress. .

Maybe, but you'd have to meet a pretty high threshold....and the tax is 3.8%. Also, it's not any asset over $100K, it's on the amount of "unearned income" above a $250K to $500K threshold, depending on whether it's a capital gain and what kind of return is being filed. So, if you're single and sell your house for a capital gain of less than $250K you won't have to pay the tax. It get more complicated when other "unearned income" is added to the mix.

[LSUTiger]

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