[katezbox]

Originally Posted by djl8412

At least that "rag of a newspaper" has included some factual information over a long period of time. You can count the number of times The Daily Sun has even mentioned this investigation on about 3 fingers. These articles themselves are not MAKING people upset but some become upset due to confusion and their own misunderstanding and many, I'm sure are mistakenly jumping to a doom and gloom picture. The Sentinel didn't make up the fact that there is indeed an issue with TV and IRS and it IS serious and residents should pay attention. This all-too-often knee jerk comment that the columnists and Sentinel in general have a bias is absurd and undocumented.

The "rag of a newspaper" has sensationalized this to sell more papers at the newsstands. The Sun (while far from objective) - has no need to over report the story. Keeping in mind that all newspapers are the mouthpiece of someone and have their own slant - I find it hard pressed that the following statements from the most recent (and IMHO the least biased) article by L. Ritchie, are in fact, NOT sensationalized...

"in fact, virtually everything but the 38,000 houses in "America's Friendliest Hometown" -- have been financed by various tax-free bonds.

If a deal isn't reached, the IRS has threatened to look into eight similar loans obtained through bond sales. That could expose the governments to millions more in tax liability.

"If I was a resident of The Villages, I would be outraged by the transaction," IRS Agent Dominick Servadio Jr. wrote in a letter to the Village Center.

Villages residents are watching the investigation unfold, mostly with bewilderment. The sale prices were set by two appraisers using a complicated method that the IRS contends was incorrectly calculated.


"It (is) obvious that the residents' amenity fees could be much lower, or there would be a lot more of the fees available for maintenance of the facilities if these were arm's length transactions"



I absolutely do not dispute the need to be informed - so Villagers and prospective Villagers don't appear to be as "bewildered" (i.e. dotty old geezers driving erratically around in their golf carts ) - but speculation will get us nowhere in a hurry.

k