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As a general rule, the tax code isn't very generous when it comes to writing off non-business losses, although Congress and the IRS have made a few notable taxpayer-friendly changes recently.
And now, another sign: both major parties rushing to get an agreement to spend $700bn of taxpayers' money to pour down the drain of huge financial institutions which are notable for two characteristics: incompetence and greed.
The program has produced one notable casualty which Republicans cannot stop harping on — a solar panel company called Solyndra, whose bankruptcy cost taxpayers $535 million, as well as two smaller companies.
The taxpayer?
Hi, Taxpayer!
You, the taxpayer.
Notable absentees?
Notable accidents?
The taxpayer, of course.
And taxpayer resentment simmers.
500 million taxpayer dollars.
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