Category Archives: america

Tax Plan Stuff

The bi-partisan tax plan Ballyhoo wails on, with self-proclaimed social media pundits choosing sides and using well thought phrases to poke at the opposition, such as nitwits, crybabies, storm troopers and fascist monkey overlords. I actually kinda like that last one.

Anyway, I decided the only way to get some real insight was to read the damn thing – a task I’m sure 99% of the people bitching about it – haven’t done.  And with good reason.  It’s 1,097 pages long – and has to be read with a copy of the current tax code available as a great deal of the new tax bill is just references to the existing tax code.  Reading the bill alone is like trying to read a Thomas Pynchon novel without a massive dictionary nearby.

For those tuning up slings and arrows – here’s my agenda:

I am not a Trump Supporter.

I was not a Hillary supporter.

I was not a Bernie Supporter.

In fact my belief is that there is not a single member of the federal government, in all branches, that hasn’t been fucked, bought and paid for by the business powers that be.

As for the mass media – don’t make me laugh.  It’s all pure horseshit – every network, every news show , every newspaper.  Garbage.

So – here we go – I spent a few hours and am happy to say I made my way through about 5% of the text – just scratching the surface I know, but here’s what I read – so far – and the news is not all bad – I’m sure there are plot twists to come.

Tax brackets –

I ran an excel sheet comparing the current tax brackets to the proposed new plan for 2018.

For those  married filing jointly, if your taxable income is under $500,000, the amount of taxes you owe will DECREASE 14-15%.  Over $500K, the amount of taxes you owe will DECREASE 9-12%.  These are pre-deduction, pre-tax credit numbers so the bottom line will change based on how you’ve got your finances set up.

From my reading I was able to glom the following – again, remember I’m on page 66 of 1097 pages – still a long way to go.

Basic standard deduction increased from $4,400 to 18,000.
Any other case deduction increased from $3,000 to $12,000.
Adjustments for inflation to standard deduction updated to use current calendar year data.
Child tax credit gets a boost raising the threshold amount from $110,000 to $400,000 for joint returns ($200,000 for 55-75,000 for other types of returns).   The reduction rate is raised to $50 per $2,000 over the threshold instead of $1,000 over the threshold.
Cap imposed of $1,400 credit per child.  Extensive cap formula in place today.
Charitable cash contribution base raised from 50% to 60% of adjusted gross income, with any excess eligible  to be carried over to future years.
An increase in the ALBE account cash contribution amount – currently $10K, now $10K plus formula.
An amendment to treat, for tax purposes, the Sinai Peninsula of Egypt as a Hazardous Duty Area and therefore subject to Combat Zone tax laws.
Extension into 2018 of the medical 7.5 percent rule (as opposed to 10%) as the base for people 65 and over.

This is kind of a hoot –

Section 56(b)(1)(B) of the current tax code, in reference to computing an Alternative Minimum Tax, reads as follows: “In determining the amount allowable as a deduction under section 213, subsection (a) of section 213 shall be applied without regard to subsection (f) of such section.”  Your tax dollars paid many people to write, approve and vote for this sentence. Anyway – whatever it means, it’s being amended to say it’s not applicable for the tax years 2016 through and including 2019.

to be continued….

 

Advertisements

Leave a comment

Filed under america, government, life

Be Prepared

If Donald Trump is elected President, and he could easily pull it off because the Clinton campaign is in total disarray and Johnson’s campaign just doesn’t have the steam, there will be a revolution in the streets of the United States that will make the February and October Russian Revolutions of 1917/1918 look like popping into a chalk pavement picture in Mary Poppins.

Don’t think so?  Look at what Anonymous has been able to pull off in recent years.  One would hope the american people would take to the streets prior to the damage being done, but that’s not going to happen in any significant numbers.

The people voting for Trump believe that America should be the international schoolyard bully.  That America has the right to go into any country, pillage their resources to maintain a slothful way of life and murder a few thousand people along the way – including our own sons and daughters.

I am certain there are a significant number of people voting for Trump ONLY because of Hillary (and Bill) Clinton’s shenanigans going all the way back to Whitewater.  I’m not pushing Hillary, god knows, but that will be a large block of people.

The people voting for Trump believe America can be made great again – what that really means is that they believe America can have the clock turned back to early 20th century white male dominance in all matters, and that women and minorities should be “put back into their place” as chattel.

The people voting for Trump have no qualms whatsoever about using nuclear arms.  Anywhere.  Against anyone.  Including the US or any allies (if we have any left after November).

Neither candidate carries anything close to the moral compass needed to be the head of state.

It is true that the moral consciousness of the world must recognize the importance of removing injustices and well-founded grievances; but at the same time it must be aroused to the cardinal necessity of honoring sanctity of treaties, of respecting the rights and liberties of others, and of putting an end to acts of international aggression. – FDR

FDR’s words speak to the need of ending terrorism, but they also speak to ANY nation who plays the aggressor. Our glass houses will not withstand much scrutiny.

Wisdom, compassion, and courage are the three universally recognized moral qualities of men. – Confucius 

Haven’t seen much of any of those qualities in our candidates.

The battle has yet to begin.  The race to November is the preamble.

4 Comments

Filed under america, celebrities, government, life, politics, useless politicians

why, part 627

why does…do?…does??  not sure…anyway…why does every person on a soap opera look like they stepped off the pages of GQ and Vogue?  Where are all the cigar chomping big, fat slobs? Where are all the trailer park wal720denizens with the 15 kids whose eyes are just a tad too close together?  And what about all those WalMart shoppers we’ve seen in the countless emails – how come none of them show up on Young & The Restless or Days of Our Lives? I think we need a soap opera that represents the real America – – like COPS only in the same town week after week…

3 Comments

Filed under america, TV

and we wonder why we are messed up

It’s the holiday season, a time of peace, love and serenity – a perfect for the kids to come back from school, meet old friends and revel in the togetherness of the season.

Maybe get everyone together and take in one of the latest movies…. (OK these are not pleasant – so don’t watch if you don’t like horror violence blood and guts – but I pulled these of the latest trailers list from apple trailers and IMDB.  And we shake our heads in disbelief at school, mall and public violence – but don’t worry – there’s no direct relationship between violence in the movies and real life.  Because everyone who goes to the movies is just out for a good time and has no social or psychological issues that may be triggered by shit like this.)

2 Comments

Filed under america, common sense, crime, culture, movies

November 22 1963

I was in second grade.  It was warm for late November, warm enough that my class took our recess time outside, romping around the swing sets, slides and seesaws.  The late fall sun cast long shadows across Wilson School’s red brick face.  I was within earshot of our teacher, Mrs. Hutchinson.  Andy, the elder janitor at Wilson School, a tall, bulky man with ice white hair who always said hi to me – and I expect many other kids as well (it was like having a grandfather at school all the time) was suddenly standing next to our teacher.  I don’t remember him walking onto the playground, he was just there all of a sudden.  A look of worry creased his craggy face.  That struck me as odd because he was always smiling. “The President has been shot,” he said.  My memory stops right at that moment, the rest of the school day is a total blank, until I get home later that day and walk in the door.  “Did you hear the President was shot?” I asked my Mom.  Just in case the news had not traveled that far off the school grounds yet.

The other vivid memory I have is of the funeral.  I went outside, while my parents remained glued to the black and white TV, and there was not a single sound.  No kids were playing, no cars were chugging on the street – I swear even the birds had stopped chirping. Total and complete silence.  It was as if the world had stopped, sleeping – resting up for the events of a tumultuous decade yet to come.

5 Comments

Filed under america

50 marketing

The-60-s-Photos-the-60s-24193277-639-446With the 50th anniversary of the assassination of JFK less than two weeks away, it occurs to me that the next seven or so years are going to be filled with significant 50th anniversaries.  Significant to my age bracket anyway – if you were born in the 80’s or 90’s or later (and why aren’t you doing your homework instead of reading this?) all these anniversaries have as much importance as poking yourself in the eye with a sharp stick.

Just imagine….  The 50th anniversary celebrations for The Beatles alone is a marketing wet dream:

First Ed Sullivan Show
First Gold Record
First US concert
Release of Sgt Pepper
Hard Day’s Night
Help
and on and on and on.  Not to mention The Stones, the entire British invasion…

We’re going to relive the 60’s through a consumerist eye:  more political assassinations (Bobby Kennedy, Martin Luther King, Malcolm X), Woodstock, The first moon landing. The number 50 will become a 60-s-TV-wallpaper-the-60s-926330_800_600constant cultural icon – like Bart Simpson or Donald Trump’s hair. And it will all be linked to car and mattress sales. Just imagine the wealth of Franklin Mint commemorative coins that could be sold.  Tie-dye will make an even stronger comeback than it already has (get on it Limey!).  Somebody will have to put a TV extravaganza together, celebrating the birth of all those wacky, iconic 60’s shows.

There’s also something oddly disquieting about that fact I’ll turn 60 while we celebrate the 60’s.  ::::::shivers:::::  Let’s not go there.

7 Comments

Filed under america, business, life, marketing

kill me now

I just saw……….

a christmas commercial.

it was one of the marts, K or Wal.

daffyFacePalm

 

image003

i give up

12 Comments

Filed under america, holiday, marketing