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Wednesday, October 05, 2016

U.S. Supreme Court to hear unclaimed property suits from 2 dozen states

The U.S. Supreme Court has agreed to hear Pennsylvania Treasury’s lawsuit seeking to recover more than $10 million in unclaimed property funds that were submitted to the state of Delaware over a 10-year period.

“I am pleased the U.S. Supreme Court has agreed to consider our case. Under both state and federal law, the money in question legally belongs to Pennsylvania and should remain in Pennsylvania,” said Pennsylvania Treasurer Timothy Reese. “We look forward to presenting our argument to the court.”

The decision to hear the case is bad news for Delaware, which claims funds from companies incorporated in the state and has made aggressive moves over the years to claim the money and faces a structural budget gap. According to one report, the gap will worsen in coming years, minus spending cuts or tax and fee increases.

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3 comments:

Anonymous said...

To which states were the taxes paid on these amounts? If not Delaware, then how can they make a claim?

lmclain said...

That money rightfully belongs to "we, the people".
They, being the thieving piece-of-trash politicians they are, have NEVER considered reducing taxes with that money.
Hang them. Today. Then, move out to the rest of the nation and continue the hanging. It's going to take months to get to everyone, so the sooner we start, the better off America will be.
Staple a hundred dollar bill to their forehead and broadcast them live (until they are dead). Rinse and repeat.
Keep cheering.

Anonymous said...

Hanging is expensive. The man hours of prep work, awful; local/state paperwork to hold a public demonstration, painful; media outlet alerts, OH MY; the cleanup - simply yuck.

Better course of action - inform the "hangees'" they've won an all inclusive trip aboard "insert name here" cruise lines. Ship sails out of the Port of Baltimore (of course) - NEVER EVER to come back. Believe the drop off/trench line is about 62-67 miles straight east from the Ocean City Inlet. Heck, call our friends down in Norfolk and have them run up a few training planes for target practice. I mean the planes come up here several times a month (sonic booms) so allow our tax dollars to work for US!!!

(snicker snicker)

Tomorrow - TGIF!!!!!