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Comments: Bill, I agree with you we do have a huge spending problem in this country. For example, the Post Office which is supposedly loosing money were forced to buy machines and vehicles that they don't need and aren't using. It is called graft. I just hope the American public realizes that once they disband the Post Office (they won't ever bring it back) we will be paying private companies (like Fed Ex) an ungodly amount of money just to pick up a letter from our home mailboxes which is now free.
Comments: It should be simple to grasp. If you want to place higher taxes on the folks who make more than 1 million, then create a bracket for them. Create a bracket for the folks who make $500K and another for those that make $250K, etc, etc, etc. Everybody should pay a fair share based on their income (not their assets). What this admin wants is for the % to be fair and not the $$ paid in. Someone who makes most of their income on money they have invested in businesses, municipal bonds, etc has already paid tax dollars before they bought that stock. Should they not get somekind of a break on the capital gains. If not then lots of folks will stop investing in American companies. Barry can pay in 15% and will send more support to the g'ment that I will by paying 20% on my meager income. There are just too many folks who want everything to be free. You have $100 and I only have $20, so you should give me some of yours. Old saying - You can rob Peter to pay Paul, until Peter runs out of money! In addition, a lot of small business owners pay the tax for their companies thru their personal taxes depending on how they have their business set up (S Corp, LLC, Partnership, etc). Should they be penalized if this throws them into a $250K income level? We don't have a tax problem in this country. We have a huge spending problem! Why is that so hard to grasp? We cannot keep printing money and throwing $$ we don't have at stimulus projects that don't work effectively.
Comments: Bill, I'm having a little trouble grasping the point you're attempting to make. Are you saying that your President should leave the $250,000 earners alone and just go after the ... what? ... the million dollar+ earners?
Comments: Bill, Even though Bill and I fall comfortably in the 99% of Americans we pay an incredible amount of taxes every year. I used to work for the IRS when Bill was in graduate school. I can safely say the wealthy do not pay taxes in proportion to their incomes like the rest of us. The burden of paying taxes falls on the backs of the working man. The wealthy have attorneys who know every loophole as to how to avoid taxes. I have a hard time understanding why some of you worry about the 1% having to pay their fair share.
Comments: JS, I don't believe that we pay our taxes based on"assumptions". What we do pay on is our earnings, and that does not include assets (until we sell them maybe). I'm pretty sure that I have heard your President say that we should raise taxes on folks earning/making $250,000/year. That is NOT a million dollars.
Comments: Memo To Bill A.: In answer to your question, we should first come to agreement on the definition of "millionaire". In the US of A a millionaire is generally regarded as a household whose "net assets" (that is all assets - all liabilities) is equal to or greater than one million US dollars. It is probably safe to assume that most couples who have an annual adjusted gross income of $250,000 have somewhere along the way accumulated total net assets in excess of $1 million. Or in other words, a millionaire is not defined as one who earns a million a year. Fact: Within the surviving members of the SOC Class of 1963, only 14 have achieved Millionaire status. Twice a year they gather at Barry's automotive emporium and admire their German manufactured means of transportation.
Comments: The 3.8% is just one of many hidden taxes buried in the xxxx page Obamacare bill. Remember, no one has actually read the entire bill yet! And, how do you like the increasing gas prices. When running for office, Obama said that he wanted gas prices to rise "gradually" to $5 a gallon. As it gets closer to election time, he is stating that oil production was up in 2011, much more than in recent years and that more new drilling permits were issued in 2011 than in years. Obama had nothing to do with these increases. The permits he is talking about were approved under the Bush administration. The increased drilling occurred on private land (not govt land) and were leases approved by, yes, the Bush administration. Obama has done everything he can do to choke our economy and destroy the livelihoods of millions of Americans. Just remember this the next time you fill up the limo.
Comments: Somebody explain to me why, if President Obama is so intent on getting millionaires and billionaires to pay more, is he starting with couples who make $250,000. I still think that is a lot of money but it's damn sure not a million!
Comments: John: Sorry, I forgot that everyone is not in the $250,000+ bracket. You can rest easy, for now. Since you are the tax adviser, do you think I should help pay down the Federal deficit this year or wait until 2013. I should probably just call Warren and see what he plans to do.
Comments: I just arrived at our little ranchette and it is soooooo green! I am thrilled. Our ranch hand just told me that our resident mother owl tried to get our female barn cat this week. I am so worried. I did NOT want to have barn cats for this very reason. But someone gifted Terry with them and he wanted to keep them.sigh! I always make sure the barn helpers put the cats in the barn office every night until they feed in the morning when they can let them back out. Well, the female doesn't like to come in until late...the last barn check is at 9 P M and she wanders in about then....ahem...Today I have laid down the law...they HAVE to get the female in before dark or else!!
Comments: Barry's comment that "if you sell ANY real estate after 2013 you will pay a 3.8% tax" needs a little more clarification. There are a number of taxes that go into effect after this year. The tax Barry refers to is one that applies to "net investment income" (which can include real estate sales among other things). It will NOT apply to ALL real estate transactions for ALL sellers. Ninety eight percent of all tax payers do not have high enough "adjusted gross income" ($250,000 for a married couple) for the tax to apply to them. It is estimated by a number of tax foundations that only TWO PERCENT of all taxpayers will be subject to the 3.8% Medicare Tax. These are the high-earners. So unless Kathleen and Bill got a big raise, they should still be able to sell their home in 2013 without regard to the new tax. Now for Big Bucks Barry & Joan ... well they'd better unload their real estate holdings THIS year.
Comments: Our only hope of less government would be with true conservative Republicans in power. The liberals are always in favor of more government and more intrusion into our lives, and both Republicans and Democrats can be liberals. We need Conservatives, not career politicians.
Comments: Barry, I think you missed my point. I was being sarcastic because it is the Republicans who are always pushing less government. As for Obamacare, I strongly support it and any kinds of aid for the sick, especially if you have a terminal illness, which can quickly bankrupt families. The Republicans no longer represent middle class Americans.
Comments: Kathleen: Our President does not believe in less government. I thought you knew that. And we haven't seen anything yet. Did you know that if you sell any real estate after 2013 that you will pay a 3.8% tax to help pay for Obamacare? I thought not.
Comments: Although it will never effect me, I can't believe the Texas state legislature passed a law forcing wo men to have a probe with a sonogram before you can have an abortion. I recently had a sonogram and I was in a lot of pain due to the pushing on my kidneys by the probe. If it isn't medically necessary I don't think anyone should be forced to have an unnecessary medical procedure. Whatever happened to less government?
Comments: Sharon, I would buy a copy of that book.
Comments: Read the obits today and noticed that Edna Chadwell, 84, of Arizona passed away. While that name may not ring any bells, I'm sure the "Chicken Ranch" does. Ms. Edna was the owner of the famed brothel in LaGrange. She started working there in 1952, became manager a couple of years later, and bought the place in 1963. It was shut down in 1973 and she moved to Arizona. Her nephew said that she wanted to ghostwrite a book to set the record straight, but she couldn't until everyone had died. What a pity. I bet she had some stories to tell.
Comments: Just watched video of Prison work that Ben is involved. What a great service! He will be a great teacher and motivator.
Comments: So that's why yesterday was so strange! And I thought it was just because I forgot to take my drugs yesterday morning. I had a doctor's appt and needed to "fast". In doing so, not only did I not eat, but I forgot to take my "calming" meds. Luckily I didn't experience road rage on the way home. Today is much better. I haven't seen anything about Mary McCord Bach recently. How is she doing?
Comments: I can no longer leap. I just walked through and survived the day. Long Day..Glad when it was over.. G..
Comments: You can hop???
Comments: Bill, I move we change it to Hop Year.
Comments: I'm not sure I can still leap!
Comments: HAVE A GREAT LEAP DAY!
Comments: Happy Leap Day!! Great question, Charlotte. BTW, Publisher's Clearing House failed to show up at our house today, so I'd like to apologize to all my old friends for threatening to trade them for new ones. 
Comments: Do we have any leap year birthday babies our class? If so, what date do you usually celebrate your birthday?
Comments: Well, I should turn in early tonight so when Publisher's Clearing House rings my doorbell Feb. 29 with that big check I'll be all bright-eyed. Oh, and I'll probably be looking for all new friends. 
Comments: Let me clarify .....Ben is not actually in the video....it is a video of the program that he volunteers his time for...sorry if I miss led you.
Comments: Thought y'all might like to know what Ben (Skipper)Morris is doing these days in retirement. He is mentoring and making a difference in this world. Watch this 3 minute video and be proud of a fellow classmate. http://www.youtube.com/watch?v=gcuFknerurk&feature=youtu.be EEK....Hope they don't keep him in there!!
Comments: The Awards went off without a 'glitch'. They've had a lot of 'boo-boo's' in the past. The "Artist" took more than it should have, I thought or they need to bring back a 'silent film' category. I like Billy Crystal. He's always funny. Where was Woody Allen..? Meryl's always good.. I stayed awake for the whole thing. |
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