Friday, May 5, 2017

‘Lazy’ Woman, 23, Sues Parents Who Refused to Support her Financially

Heatstreet ^ | 5/5/17 

A 23-year-old woman from Spain sued her parents after they refused to continue to support her financially.
The woman, who has not been identified, lost her case after a judge ruled she was “too lazy to earn a living”.
In a ruling made public this week by the provincial court of Cantabria in the town of Castro Urdiales, in the north of the country, the woman was told she had wasted the opportunities available to her and was not owed anything by her parents.
The ruling recorded that parents are only obliged to provide food and shelter to their children until they are financially independent “unless that need is of the own child’s making”, reported Noticias de Navarra.
The woman took the legal action after her parents put pressure on her to take control of her own life, which she considered unfair. But the judge concluded that she had no money “through her own conduct” because she didn’t finish her school education or get any qualifications subsequently.
(Excerpt) Read more at ...

Boom! It takes 79 solar workers to produce same amount of power as one coal worker!

Economic Collapse News ^ | 04 May 2017 | Andrew Moran 

If there is one chart that you look at it today you should make it this one from the American Enterprise Institute (AEI).

Using data from the United States Department of Energy, it takes 79 solar workers to produce the same amount of electric power as one coal worker. It also takes 79 solar workers to produce the same amount of electric power as two natural gas workers.

(Excerpt) Read more at ...

List of Obamacare Taxes Repealed

Americans for Tax Reform ^ | May 4, 2017 | John Kartch 

The American Health Care Act (HR 1628) passed by the House today reduces taxes on the American people by over $1 trillion. The bill abolishes the following taxes imposed by Obama and the Democrat party in 2010 as part of Obamacare:
-Abolishes the Obamacare Individual Mandate Tax which hits 8 million Americans each year.
-Abolishes the Obamacare Employer Mandate Tax. Together with repeal of the Individual Mandate Tax repeal this is a $270 billion tax cut.
-Abolishes Obamacare’s Medicine Cabinet Tax which hits 20 million Americans with Health Savings Accounts and 30 million Americans with Flexible Spending Accounts. This is a $6 billion tax cut.
-Abolishes Obamacare’s Flexible Spending Account tax on 30 million Americans. This is a $20 billion tax cut.
-Abolishes Obamacare’s Chronic Care Tax on 10 million Americans with high out of pocket medical expenses. This is a $126 billion tax cut.
-Abolishes Obamacare’s HSA withdrawal tax. This is a $100 million tax cut.
-Abolishes Obamacare’s 10% excise tax on small businesses with indoor tanning services. This is a $600 million tax cut.
-Abolishes the Obamacare health insurance tax. This is a $145 billion tax cut.
-Abolishes the Obamacare 3.8% surtax on investment income. This is a $172 billion tax cut.
-Abolishes the Obamacare medical device tax. This is a $20 billion tax cut.
-Abolishes the Obamacare tax on prescription medicine. This is a $28 billion tax cut.
-Abolishes the Obamacare tax on retiree prescription drug coverage. This is a $2 billion tax cut.
As a presidential candidate in 2008, Barack Obama had promised repeatedly that he would not raise any tax on any American earning less than $250,000 per year. He broke the promise when he signed Obamacare. With the passage of the House GOP bill, tens of millions of middle income Americans will get tax relief from Obamacare's long list of tax hikes.

$84,000 a year now qualifies as low income in high-cost Orange County!

OC Register ^ | 5/3/2017 

A family of four with an annual income of $84,450 or less now qualifies as low income in Orange County.

A single person living alone qualifies as low income if he or she earns $58,450 or less a year.
Orange County has the fifth-highest income threshold in the nation, according to new income limits released last month by the U.S. Department of Housing and Urban Development.
Government and private agencies use HUD’s income calculations to determine eligibility for a wide variety of assistance programs, ranging from rent subsidy vouchers and public housing to mortgage assistance. While low-income families qualify for some programs, others are limited to households earning far less, with limits as low as $31,300 for a family of four.
Record-high rents and home prices are driving up Southern California income limits. Orange County apartment rents, for example, increased 20 percent over the past seven years, while the median sale price of an Orange County house has jumped 40 percent.
“When you tell somebody that’s making $70,000 that they’re low income, they go, ‘What? That’s low income?’ Unfortunately, that’s what comes from living in a high-cost county,” said Cesar Covarrubias, executive director of the Kennedy Commission, an Irvine-based affordable housing advocacy group. “That makes it difficult for working families at all levels.”
Under the 2017 figures, Orange County’s income threshold for a family of four jumped $5,450 from last year’s level. The only metro areas with higher income limits are San Francisco; Fairfield County, Connecticut; Silicon Valley and Honolulu.
Even a six-figure salary doesn’t cut the mustard in San Francisco, Marin and San Mateo counties. A family of four there earning $105,350 or less now is considered low income, HUD figures show.
(Excerpt) Read more at ...

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