Indiana Farm Sale Blowout: $16,200 Per Acre

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Via Indiana Economic Digest

Elliott Farm sells at $16,200 per acre
Elliott Farm, located near Poseyville, recently sold its 69 acres at auction for $16,200 per acre, or $1,117,800 in total.

The farm had been held by the Elliott Family since the early 1940s and was purchased by a local farmer who was represented by proxy. According to auctioneer Andrew Wilson, the price per acre is a record for this area

Big Changes Coming to Indiana Business Property Taxes

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Story concerning a property tax case that could affect the whole state businesses property taxes slipped through without much notice. An Indianapolis Meijer’s store filed suit against Marion County Indiana over how it’s store was assessed for property taxes. Counties could stand to lose financially if the ruling stands.

Here is more from mLIVE.com

The Indiana Board of Tax Review ruled last month that the Michigan-based retailer’s store in Indianapolis should have been assessed in 2012 at the equivalent of $30 per square foot, instead of nearly three times the rate as Meijer was charged.

The decision could leave Marion County on the hook for a $2.4 million refund to Meijer and could set the stage for other retailers to make similar challenges to their tax assessments.

The value of retail real estate is based on the current condition of the business, but the case raises questions about what effect, if any, the sales that occur there should have on the value. Big-box chains are pushing to have their buildings compared to others that have been vacated and sold, an approach known as the “dark store theory.”

If the tax board’s ruling stands, Meijer will save more than $400,000 a year on its tax bill.

NFL Top 50 Players Merchandise Sales

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1. Russell Wilson, Seattle Seahawks

2. Peyton Manning, Denver Broncos

3. Tom Brady, New England Patriots

4. Colin Kaepernick, San Francisco 49ers

5. Aaron Rodgers, Green Bay Packers

6. Dez Bryant, Dallas Cowboys

7. Richard Sherman, Seattle Seahawks

8. J.J. Watt, Houston Texans

9. Marshawn Lynch, Seattle Seahawks

10. Johnny Manziel, Cleveland Browns

11. Jason Witten, Dallas Cowboys

12. Drew Brees, New Orleans Saints

13. Rob Gronkowski, New England Patriots

14. LeSean McCoy, Philadelphia Eagles

15. Andrew Luck, Indianapolis Colts

16. Clay Matthews, Green Bay Packers

17. Tony Romo, Dallas Cowboys

18. Brandon Marshall, Chicago Bears

19. Calvin Johnson, Detroit Lions

20. Odell Beckham Jr., New York Giants

Read the rest of the Top 50 via Yahoo Sports

Average Obamacare Tax is $1130

Back in 2009 when President Obama repeated that the Obamacare mandate was not a tax.

Today, more Obamacare information keeps rolling out showing the fees or what the U.S. Supreme Court labeled a “tax”. Here is a brief excerpt from Forbes.com:

As millions of Americans scramble to file their tax returns, many are shocked by the full cost of ObamaCare’s individual mandate.

“Those who failed to obtain minimum essential health insurance coverage last year will have had to send the Internal Revenue Service (IRS) a check for $1,130, on average,” Doug Holtz-Eakin, former director of the Congressional Budget Office, testified today before a congressional hearing.

You can read the rest here.

Portable Speakers: 1980’s vs Today

How people listened to music in the 1980’s with their portable radios
80sboombox

Present day device for a portable speaker which you can listen to music from a device like your cellphone. You can buy it at Amazon.com for $36
mini speaker
This is the TDK A12 TREK Micro NFC Bluetooth Portable Mini Wireless Outdoor Speaker. It weighs 6.6 ounces and product dimension of 3.2 x 3.2 x 1.2 inches. Power source is one AAA battery.

Visual of the Federal Government School Lunch Mandate Part 2

Back in November I posted a write up called “Visual of the Federal Government School Lunch Mandate”. I received A LOT of negative comments from people saying I didn’t know how the school lunch process works. One person even claimed I was a liar and I challenged that person to eat what the school lunch program suggested. Person hasn’t talked to me since. Problem with some people today is they don’t grasp how fast social media can tell the truth. A picture can be sent out and in the matter of minutes the entire U.S. can view it.

Now another picture has been sent out of what a lunch looks like under the federal government mandate. It’s not pretty. You can read the whole article here at EagNews.org. I’ll give you a brief snippet:

    PORTSMOUTH, Va. – That’s not really a fish filet with a whole wheat bun resting on top.

    Nah, your eyes are playing tricks on you.

    That’s what administrators at Virginia’s Portsmouth Public Schools want parents to believe after a mother took a photo of her child’s paltry school lunch and posted it on social media.

    The mom says James Hurst Elementary served the lunch Tuesday.

    After the photo began circulating around the community, Food Service Coordinator Jim Gehlhoff admitted the lunch “concerns us,” but added that it might not actually be as bad as it looks.

    portsmouth-lunch“Poor lighting and food presentation make this lunch unappealing,” he said in a statement released to the media.

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Illegal Immigrants Getting Social Security Numbers Five Times Higher Than Expected

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Back in March TheBlaze.com reported two Senators asked the Social Security Administation how many social security numbers were issued to illegal immigrants under Barack Obama’s 2012 executive amensty plan. It was believed to be around 90,000.
The Social Security administation answered with a shocking number and here is what TheBlaze.com reported:

    The Social Security Administration has told Congress that more than half a million illegal immigrants have received new Social Security numbers, under President Barack Obama’s 2012 executive action allowing younger immigrants to stay in the United States and work.

    “By the end of fiscal year 2014, we had issued approximately 541,000 original SSNs to individuals authorized to work under the 2012 Deferred Action for Childhood Arrivals policy since its inception,” she wrote.

The economic ramifications of adding these people to America’s government welfare benefits programs will be staggering and escalate the cost down the road for taxpayers. Here is one example:

    Critics of Obama’s plan have criticized the plan because low-income immigrants with no net tax liability could gain as much as $3 in Social Security benefits for every $1 they pay into the system, which means Americans will now be subsidizing these immigrants.

Asset Value of Nonprofit’s

Tax day has hit America. The United States tax code is well over 70,000 pages long with special give aways that benefit many organizations. One of those being nonprofits. Here is some tax day information about nonprofits via StastiticBrain.com

Number of nonprofit returns

383,064

Assets controlled by nonprofit’s

$3.796 Trillion

JP Morgan Legal Costs

ZeroHedge posted this on their Twitter account but this shows how lawyers make billions off a highly regulated financial system via the government.

Price of Bull Semen

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AustinHeraldDaily.com had an interesting article about $70,000 worth of bull semen being stolen in Minnesota. The fascinating aspect of it was the price of bull semen being sold on the market. Here is a snapshot of the pricing.

    The canister was worth about $500, and the vials of semen were worth from $300 to $1,500 apiece.