Protesters target Connecticut’s uber wealthy with ‘tax bills’ in bid to end loophole

Even Trump has said Greenwichs hedge fund guys get away with murder but can this debt-ridden state afford to close the loophole known as carried interest?

Just emerging from their blanket of winter snow, the lush and leafy lanes of Greenwich, Connecticut, are usually quiet on a Saturday morning. Behind high walls and long drives sit the manicured mansions of some of the worlds richest people. After a long week making more millions, the last thing the residents want is the help disturbing their beauty sleep. This weekend, though, was different.

On Saturday morning, a coachload of local workers, bullhorns in hand, took to Greenwichs windy lanes for a protest organized by union-backed local community groups and billed as the Lifestyles of the Rich & Shameless bus tour.

Chanting El pueblo unido / Jams ser vencido (The people united / Will never be defeated) and Hey hey, ho ho, tax loopholes have got to to, a couple of dozen protesters, gently shepherded by local police, left giant tax bills totaling close to $3bn for some of the worlds richest hedge fund managers.

The protesters, and many others in Connecticut, are hoping they can force the state to reclaim such tax from its richest residents as it wrestles with massive debts and prepares to sack thousands of local workers.

The
The estate belonging to billionaire hedge fund owner Stephen Cohen, located in Greenwich. Photograph: Vincent T Vuoto/AP

The atmosphere was light. What do you think they are eating for breakfast? Cantaloupe and cottage cheese? joked Luis Luna, an organizer from Make the Road, a community group that helps low-income Latinos in Greenwichs down-at-heel neighbor Bridgeport. No. They are definitely on a cleanse, came the reply. Luna joked about serving lobster and caviar pizza for lunch. The kids squirmed. Its just going to be cheese, someone reassured them.

But while spirits are high, the situation is dire.

Connecticut has a $1.8bn budget deficit. It is in the middle of cutting the 2,500 state jobs that were earmarked as cost savings last year. Governor Dannel Malloy recently unveiled a new budget that seeks $1.5bn in concessions from local workers, including pension cuts. Lindsay Farrell, state director of Working Families in Connecticut, a nonprofit that organized the weekend protest, said the new deal could cost another 4,200 jobs.

The only change is a tax credit on estate taxes, said Farrell.

The hedge fund guys are getting away with murder

Connecticut presents one of the starkest examples of the growth of US income inequality. In their guarded homes, Greenwichs rich have been doing very nicely: from 2009 to 2013, the income of the states top 1% grew 17.2%. The incomes of everyone else dropped by 1.6%.

Bridgeport, with its boarded-up shops and opioid addiction problems, could not stand in starker contrast to ritzy Greenwich, with its antique-car showrooms and Michelin-starred restaurants. Average per capita income is $19,854 in Bridgeport, where 20% live at or below the poverty level.

Charles
Charles Khan, an organizer with Strong Economy for All, at the Lifestyles of the Rich & Shameless bus tour protest in Greenwich. Photograph: Dominic Rushe for the Guardian

But thanks to its super-wealthy neighbors, the Bridgeport-Stamford-Norwalk corridor is among the wealthiest regions in the US, according to an American Community Survey (ACS), with nearly one in five households having an income of at least $191,469.

In part, this is due to the states proximity to New York City, global center of finance and a great place to shop and go to the theatre. Connecticut offers the rich a country base, only a short helicopter ride from Manhattan. It also helps that the state is fighting to keep a significant tax break for its richest residents.

Hedge fund managers and other investors pay 19% on the money they earn from their investments less than the 25% US taxpayers owe if they earn between $37,950 and $91,900. Closing that loophole, known as carried interest, would save Connecticut an estimated $535m a year.

The tax break is one that even Donald Trump thinks is unfair. During the presidential campaign, he railed against it. The hedge fund guys are getting away with murder, he told CBS. Dumping carried interest had therefore been expected to be part of his plan to reform the USs byzantine tax regime, a plan he has promised to pursue now his healthcare plans have fallen so flat.

Trump: hedge fund guys are getting away with murder.

Since arriving in the Oval Office, however, Trump has been quiet about carried interest. He appointed a cabinet full of Goldman Sachs executives, said Farrell. I dont think there is much chance of action at the federal level or that he was ever all that sincere.

In the meantime, Farrell and co have taken to the (least) mean streets of Connecticut, to take action at the local level. Greenwich police, who are facing cuts too, let them leave a $446m bill outside the 35,000 sq ft mansion of Steve Cohen, founder of Point72 Asset Management and SAC Capital Advisors. Cohens net worth is an estimated $13bn; his $1bn art collection could almost plug Connecticuts budget hole on its own.

At Hill Road, close to Alpha Drive (a dead end, the sign informs us), protesters left a $1bn bill for William Macaulay, boss of energy investor First Reserve Corporation, and another $837m-plus bill at the guardhouse of Ray Dalios mansion. Dalio, boss of Bridgewater Associates which owns bits of many of the USs low-wage employers, including Walmart and Yum Brands, which owns Kentucky Fried Chicken and Taco Bell lives in a gated community. His guard seemed less amused with the protest than the local police.

Im angry

Next month the fight goes to Hartford, Connecticuts capital. State lawmakers dont have the power to rewrite the federal tax code, but advocates are pushing for a bill that would end carried interest in Connecticut.

The bill, HB 6973, would add a local surcharge to the investors tax bill, taking them up to the top tax rate of 39.6%. To stop billionaires swapping one Manhattan commute for another, New Jersey, Massachusetts and New York will consider similar bills.

The hedge fund industry is expected to put up quite a fight but the protesters are confident too. On the last stop of the tour, they inflated a giant pig outside the offices of AQR Capital Management, an investment firm that received a $35m state handout after it threatened to leave Connecticut. AQRs founder is Cliff Asness, a hardcore libertarian with a $3bn fortune who believes blame for the financial crisis rests squarely on all-intrusive government intervention.

Im angry, said Mark Krauchick, a school janitor and president of the local American Federation of State, County and Municipal Employees who earns $48,000 a year and whose pension is under threat from the new cuts.

We have to have the courage to act, he said.

Read more: https://www.theguardian.com/us-news/2017/mar/27/connecticut-debt-tax-loophole-greenwich-rich-residents

Protesters target Connecticut’s uber wealthy with ‘tax bills’ in bid to end loophole

Even Trump has said Greenwichs hedge fund guys get away with murder but can this debt-ridden state afford to close the loophole known as carried interest?

Just emerging from their blanket of winter snow, the lush and leafy lanes of Greenwich, Connecticut, are usually quiet on a Saturday morning. Behind high walls and long drives sit the manicured mansions of some of the worlds richest people. After a long week making more millions, the last thing the residents want is the help disturbing their beauty sleep. This weekend, though, was different.

On Saturday morning, a coachload of local workers, bullhorns in hand, took to Greenwichs windy lanes for a protest organized by union-backed local community groups and billed as the Lifestyles of the Rich & Shameless bus tour.

Chanting El pueblo unido / Jams ser vencido (The people united / Will never be defeated) and Hey hey, ho ho, tax loopholes have got to to, a couple of dozen protesters, gently shepherded by local police, left giant tax bills totaling close to $3bn for some of the worlds richest hedge fund managers.

The protesters, and many others in Connecticut, are hoping they can force the state to reclaim such tax from its richest residents as it wrestles with massive debts and prepares to sack thousands of local workers.

The
The estate belonging to billionaire hedge fund owner Stephen Cohen, located in Greenwich. Photograph: Vincent T Vuoto/AP

The atmosphere was light. What do you think they are eating for breakfast? Cantaloupe and cottage cheese? joked Luis Luna, an organizer from Make the Road, a community group that helps low-income Latinos in Greenwichs down-at-heel neighbor Bridgeport. No. They are definitely on a cleanse, came the reply. Luna joked about serving lobster and caviar pizza for lunch. The kids squirmed. Its just going to be cheese, someone reassured them.

But while spirits are high, the situation is dire.

Connecticut has a $1.8bn budget deficit. It is in the middle of cutting the 2,500 state jobs that were earmarked as cost savings last year. Governor Dannel Malloy recently unveiled a new budget that seeks $1.5bn in concessions from local workers, including pension cuts. Lindsay Farrell, state director of Working Families in Connecticut, a nonprofit that organized the weekend protest, said the new deal could cost another 4,200 jobs.

The only change is a tax credit on estate taxes, said Farrell.

The hedge fund guys are getting away with murder

Connecticut presents one of the starkest examples of the growth of US income inequality. In their guarded homes, Greenwichs rich have been doing very nicely: from 2009 to 2013, the income of the states top 1% grew 17.2%. The incomes of everyone else dropped by 1.6%.

Bridgeport, with its boarded-up shops and opioid addiction problems, could not stand in starker contrast to ritzy Greenwich, with its antique-car showrooms and Michelin-starred restaurants. Average per capita income is $19,854 in Bridgeport, where 20% live at or below the poverty level.

Charles
Charles Khan, an organizer with Strong Economy for All, at the Lifestyles of the Rich & Shameless bus tour protest in Greenwich. Photograph: Dominic Rushe for the Guardian

But thanks to its super-wealthy neighbors, the Bridgeport-Stamford-Norwalk corridor is among the wealthiest regions in the US, according to an American Community Survey (ACS), with nearly one in five households having an income of at least $191,469.

In part, this is due to the states proximity to New York City, global center of finance and a great place to shop and go to the theatre. Connecticut offers the rich a country base, only a short helicopter ride from Manhattan. It also helps that the state is fighting to keep a significant tax break for its richest residents.

Hedge fund managers and other investors pay 19% on the money they earn from their investments less than the 25% US taxpayers owe if they earn between $37,950 and $91,900. Closing that loophole, known as carried interest, would save Connecticut an estimated $535m a year.

The tax break is one that even Donald Trump thinks is unfair. During the presidential campaign, he railed against it. The hedge fund guys are getting away with murder, he told CBS. Dumping carried interest had therefore been expected to be part of his plan to reform the USs byzantine tax regime, a plan he has promised to pursue now his healthcare plans have fallen so flat.

Trump: hedge fund guys are getting away with murder.

Since arriving in the Oval Office, however, Trump has been quiet about carried interest. He appointed a cabinet full of Goldman Sachs executives, said Farrell. I dont think there is much chance of action at the federal level or that he was ever all that sincere.

In the meantime, Farrell and co have taken to the (least) mean streets of Connecticut, to take action at the local level. Greenwich police, who are facing cuts too, let them leave a $446m bill outside the 35,000 sq ft mansion of Steve Cohen, founder of Point72 Asset Management and SAC Capital Advisors. Cohens net worth is an estimated $13bn; his $1bn art collection could almost plug Connecticuts budget hole on its own.

At Hill Road, close to Alpha Drive (a dead end, the sign informs us), protesters left a $1bn bill for William Macaulay, boss of energy investor First Reserve Corporation, and another $837m-plus bill at the guardhouse of Ray Dalios mansion. Dalio, boss of Bridgewater Associates which owns bits of many of the USs low-wage employers, including Walmart and Yum Brands, which owns Kentucky Fried Chicken and Taco Bell lives in a gated community. His guard seemed less amused with the protest than the local police.

Im angry

Next month the fight goes to Hartford, Connecticuts capital. State lawmakers dont have the power to rewrite the federal tax code, but advocates are pushing for a bill that would end carried interest in Connecticut.

The bill, HB 6973, would add a local surcharge to the investors tax bill, taking them up to the top tax rate of 39.6%. To stop billionaires swapping one Manhattan commute for another, New Jersey, Massachusetts and New York will consider similar bills.

The hedge fund industry is expected to put up quite a fight but the protesters are confident too. On the last stop of the tour, they inflated a giant pig outside the offices of AQR Capital Management, an investment firm that received a $35m state handout after it threatened to leave Connecticut. AQRs founder is Cliff Asness, a hardcore libertarian with a $3bn fortune who believes blame for the financial crisis rests squarely on all-intrusive government intervention.

Im angry, said Mark Krauchick, a school janitor and president of the local American Federation of State, County and Municipal Employees who earns $48,000 a year and whose pension is under threat from the new cuts.

We have to have the courage to act, he said.

Read more: https://www.theguardian.com/us-news/2017/mar/27/connecticut-debt-tax-loophole-greenwich-rich-residents

What Decisions Affect Your Auto Loans

There are many things that will affect you when you start looking at auto loans. Lenders are very fussy when it comes to giving away money. They want to be sure up front they have a chance of getting it back. Plus interest, of course.

The problem is not the money, you can make the payments. It is the part where you were late on other bills that could be causing your problem. Once they see those receipts they automatically consider you a high risk client. Most businesses do not want to deal with the risk.

This will show up on your credit history when the lenders do your credit check. When they see it they will consider you to be a slow pay so this will put you in a higher risk category. If you are slow with other companies you might be slow with them as well.

Comparison shopping of a lot of companies can let you find those who could give you a loan. By looking at the ones that provide this instead of the ones who are less interested you also save yourself time. Then narrow your efforts to the one who can handle the loan amount that you need.

Your next question will be where to find this loan. The best one available is necessary because it has to be affordable and with a reputable company. Not all companies that you talk to offer the same rates or the same loan amounts. To make your search easier and quicker, the internet will have all of the businesses you need listed.

Shopping around can give you information on all of the available loan companies and what they have to offer. You can comparison shop in your spare time until you have found the perfect loan. You can chat with them to get more info and then make your decision. When you are ready it will also be simple to apply for your loan.

Choosing an Emergency Locksmith

Emergency locksmiths are like the paramedics for home safety measures – you hope you never need to use these, but when you complete, you are immensely grateful of their total skilled professionalism and instant response times.

They travel in vans rather than ambulances, and instead of providing medical assistance they provide rapid locksmithing solutions. Whether its for sacrificed keys, a broken lock or securing a property in the aftermath of an break-in, emergency locksmiths take calls constantly of the day or night and supply efficient, cost-effective answers to your whole range of troubles.

The great thing about these ever-ready locksmiths is likely always mobile. It doesn’t matter where you are, even if you are generally stuck outside your car part way through nowhere because you based your keys inside, there is no need for panic. The best emergency locksmith services will always try to get someone out to you within one hour, and be sure when they do arrive they will be ready for anything.

Locksmith come from several backgrounds with many different skill levels and encounter. When selecting which 24 hour locksmith to make use of, you may be inclined to trust that the more you pay, the better the products service you receive. However, in an industry as varied as locksmithing, this isn’t always the case. It is possible to get fantastic value for money, and finding a great locksmith within a emergency does not necessarily ought to cost you an arm and a leg.

As well as many individual operators, there are national locksmith networks, which offer a high quality service nationally at a standard price, without excessive call-out fees or other extra charges. Their economies of scale allow them to have the edge over small operators with regard to price, and they also enjoy the flexibility of being able to have staff on call 24 hours a day.

It is undoubtedly worth bearing the national companies in your mind before you make some sort of call. They will possess a reputation to uphold, meaning that all their locksmiths will have gone through strict vetting procedures to be able to ensure that they are generally trustworthy and qualified to your very high standard. Which has a self-employed local locksmith you obtained in a phone book will not give you these same guarantees.

While people can’t foresee when an emergency is going to occur, we can do our best to prepare in case one should happen when you need it. Looking up your local locksmiths and selecting a provider you feel you may trust will mean there’s no stress if you do ever end up in a sticky situation when a locksmith’s expertise is requested.

Spend several minutes today researching locksmith solutions, and save a several phone numbers on your mobile. We all know to help call 999 if we have a medical emergency, but how most people know a number to call for a locksmithing emergency? They might possibly not have the sirens or the flashing lights, but when you’re locked from home or car in the middle of the night, emergency locksmiths can also come to be lifesavers in their own personal way!

For most people living in the usa today, on average somebody will use a locksmith company twice 12 months. That might not seem to be much but those times are normally during high stress instances. During holidays and during the summer months, local locksmiths are on called quite often. That make total sense because people are traveling to and from family and friends homes. It can become quite stressful if you’re in charge of provides, food, party supplies, activities, or even simply winter snow storms. When ever that time period comes, everyone has become ever more prone to accidents like misplacing keys or locking them in a car or home.

Since everyone will do it once or twice a year it is important to find a great vehicle locksmith company that will fit the bill. Not every locksmith is a same. Some don’t do safe locks or keypads or some are only residential locksmith or vehicle locksmith. It is important to learn of that because if you happen to simply call and ask them to come out, they will cost you just for that. Most professional locksmiths are generally skilled enough to properly handle all types of locks that you will find.

Most of the professional and licensed car locksmith, that are not necessarily scams, have many skills. Key duplication, lock repair, key cutting, installing lcks, and re key locks are just a few to name. A locksmith company can do all that plus car key programming, car door unlocking, home unlocking, and even keypad programming. All locksmiths should be capable to do all of a lot of these skills.

What you should look for in locksmiths around where you live is quite simple. Take into consideration what car locksmith companies you recognize of off the top to your head. That locksmith company is sticking out in your mind because you already know that these locksmiths are reputable. If you can’t apparently look any up use any local yellow pages book or use google search to find out an awesome company. Or simply ask someone or neighbor for a great locksmith company that that they recommend.

After getting found your car locksmith or other need for opening locks, call them for a quote on your task available so you don’t waste products their time and yours to boot. A locksmith company will gladly give you a quote and an projected time of arrival to your location.

Now take all that into account and do the studies before it is too late and see in one of the stressful situations and discover yourself in need to help call a locksmith corporation.

Auto Loans To Purchase Affordable Transportation Now

Many consumers find it difficult to come up with the cash to buy an vehicle when they need new transportation. Most vehicles bought today are purchased with auto loans. Buyers pay a certain amount as a down payment and are required to make periodic payments to cover the money financed along with interest charges on the outstanding balance.

While increasing the term of the loan can lower payments, it is important that the loan term is not longer than the usable life of the car. By making this mistake, many buyers find that they are still paying for a vehicle that is no longer serviceable. It is usually better to make a slightly larger payment to ensure the vehicle is still useful when paid in full.

Many new car buyers find that they are upside down on the amount of money owed on the vehicle. Since new vehicles drop rapidly in value when driven off the car lot, the owner may owe more money than the car is worth. Buyers who make larger down payments or have a higher trade in value on their vehicle can avoid this common problem. Choosing quality used vehicles can also prevent the drastic initial loss.

Consumers generally get better financing by shopping for the loan before shopping for a car. While many dealerships offer to finance vehicles for buyers, the interest rates are usually higher. Consumers that take the time to locate their own financing for a vehicles often save the most money.

It is easier to make rational decisions concerning financing before one is struck with new car fever from shopping and test driving the new vehicles. Consumers that arrange financing before shopping are less likely to overspend for transportation.

Auto loans help consumers to get the vehicles they need now. The financing allows consumers to have dependable vehicles for their transportation needs.

Value-minded consumers know that buying a reliable pre-owned car is oftentimes the best pick

Value-minded consumers know that It takes research buying a reliable pre-owned car . Used car dealers will offer used cars at a less expensive cost but more often than not, you’ll find a cheaper car but it will have been less fixed.

Auto Finance

Certified pre-owned cars are often sold with warranty, auto financial backing and roadside assistance options similar to their brand-new counterparts. A improve quality used car may compel financing from a bank, but the payments should still be more low-priced than those for a new car loan through a dealership.

Auto Insurance

Before you shop around for a pre-owned car, get car insurance quotes to find out just how much the insurance is going to cost you. When reviewing your budget, you should also take into specify other associated costs including fuel, license, registration, personal property taxes and insurance.

Car Taxes

Don’t forget that apart from the sticker price you may have to pay extra for registration, taxes and there may be other charges to take into consideration. Tax rates vary by state. As soon as the car is registered in your name, the dealer should provide you with the original receipt from the Tax Assessor-Collector’s office. For tax records, take a photo of the car and keep copies of current classified ads or guide value estimates for similar vehicles. As a very full, general rule, and depending upon wherever you live, tax, license, mixed fees and other costs will add roughly 10 percent to the purchase price.

Car Mileage

The greater the mileage a used car has, the lower its value, but a used car with lower than average miles can command a higher than average price. Some of the better auctions have the mileage written on the windshields so you can quickly walk up a row of cars in the lot and determine if it meets your mileage requirements without having to open each car up and check the odometer.

The total condition of the car needs to be taken into consideration. If the car looks like a clunker, you may want to move onto the next one on your list. Ask about oil changes and fluid changes that have been made as well as any other types of maintenance. This will let you see that you are buying a decent car that has been well taken care of, or a car that has been neglected

Conclusion

After you are quenched with the answers to the questions you have asked, take the car for a little test drive. You should pay close attention to the way the car is handling and how you feel when you drive the car. If the car is too big and hard to drive, take a look at a different car. You want to be safe on the road at all times.

If you are looking to buy a car in argentina, visit venta de autos where you will find the best venta de vehiculos usados in Argentina. Visit Ventaautosya !

Used Trucks Come In A Variety Of Makes And Models

Used trucks are available in many combinations. Engines are offered in either diesel or gasoline varieties, and the different sizes run the spectrum. Power and fuel efficiency are the two main issues which consumers are most concerned about. Payload is related to the size of the bed that you want, and in order to carry passengers models have either one or two seats. Two and four door models allow ease of access.

Diesel engines are the motor of choice for those who are concerned about power and fuel economy. These are some of the strongest engines available, and they also are rather fuel efficient. 8 cylinder engines are the biggest gasoline engines that are routinely offered. These may not have the fuel efficiency of the smaller motors, but their power is unrivalled.

4,5 and 6 cylinder engines are also offered, so that the consumer has every possibility available to them. These are usually featured in small and mid sized models. The 4 cylinder model has the best fuel economy, while the 6 cylinder engine has better power. Whatever you need, you’re sure to find a engine to power your vehicle.

Full size trucks have the largest beds, 8 feet, and are capable of towing heavy loads. Some of the things that are often towed include work trailers and boats. Many models feature impressive torque so that your vehicle can pull whatever is required. These are the professional working grade vehicles.

For those who are more concerned about fuel efficiency, there are small and mid size models. 6 foot beds are the standards for these models, though some have 8 foot beds as well. They usually have smaller motors, as there is less for them to power. They can still tow payloads, and most can fit a full sheet of plywood.

Two and four door models are offered depending on how many people you may wish to fit in your vehicle. Four door models feature a king cab, which has two full size seats. Some other models have two seats, but only two doors. Then there are models with only one seat and a storage area behind the seat. Thus whatever need you may have, you can be sure that there is something for you.

Several different IVY LEAGUE companies manufacture these models of vehicles for the market. Engines, and bodies vary with the particular manufacturer. Many of these people feature online sites, where the many models can be viewed. If you want to test drive something, then be sure to stop in to your local dealership and see what they have to offer.

Used trucks are available in many combinations. There are several things to choose from when considering the purchase of one of these vehicles. Motors vary depending on what power is needed, and what kind of fuel efficiency the consumer is looking for. The cab also comes in many different makes. There are 6 and 8 foot beds, as well as two and single seat models. Cabs also feature two and four doors depending on how many passengers you need to carry.

Most men and women overlook website ratings whenever it pertains to insurance agencies, but you mustn’t.

The easiest way to get low-cost insurance policy coverage on your auto insurance coverage is usually to read critiques and also examine rates. Examining review articles can save you a ton of additional time just because a review will explain information on companies and also if they provide superior professional services. Should a provider gets a negative critique by a trustworthy reference, the probability is great that you’ll want to absolutely drop them out of your research.

To recieve the best expense on your car insurance, you are going to need to figure out which establishments are usually quality. When you have identified which enterprises offer high quality support, you could look up estimates. For every single provider that you are currently taking into consideration for coverage, it may be helpful to just go and pick up an insurance quote. To get yourself a policy, all that an individual should probably perform is undoubtedly use the internet plus go to the website on the particular agency that you would like to have an estimate through.

Through today’s incredibly terrible economy everyone should attempt to save cash when they can. So why wouldn’t you attempt to locate cheap motor insurance. Given that it is very effortless to receive your current vehicle insurance approximation using the web you can lay aside potentially plenty off your cost. In addition there are quite a few available discounts that you can get when you look on the web and these bargains are not on the market when seeing a dealer.

Low-cost automobile insurance does not mean weak automobile insurance. You can possibly spend a lesser amount of yet still purchase the insurance coverage you’re looking for. While researching over the internet, make sure that you have all of the information prepared and you will search rather quickly as well as effectively. You should have your own license and also Ssn, and also the same for every vehicle driver you wish to put on your insurance plan. Furthermore you will have to have the make, model, in addition to the year of all motor vehicles that’ll be protected. A lot of insurance policies will likewise ask you for the automobile identification number (VIN), which can be found around the dashboard, around the leading left area of the windshield, or perhaps in the area section of the entry door.

Don’t take the insurance deductible lightly. This is often that portion of a coverage claim which you need to be chargeable for. The degree of the particular insurance deductible is not covered through the insurance firm, and will eventually have to arrive from an individual’s finances. Generally you can expect to find a very low price to obtain insurance, yet the deductible will undoubtedly be higher than normal. Thus take notice of the allowable, not just the actual selling price.