Category Archives: government

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….

 

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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.

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choose what you believe

now to be fair – I don’t know who “Not Frantz Fanon” is, what his/her/their agenda is or why hide behind the image of a revolutionary leader who died over 50 years ago.  If you are going to propagandize the right (who certainly deserve it in this case if these quotes are all accurate), at least have the balls to be up-front about who you are.

nelsonMandela kasichMandela coatesMandela gingrichMandela

mccainMandela

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and the regression continues…

Indiana lawmakers have revamped a 1997 law that makes furnishing false information on a marriage license a class D felony. Beginning July 1, 2014, a same-sex couple applying for a marriage license in the state of Indiana will be guilty of a Level 6 felony, punishable by 18 months in prison and a $10,000 fine. The new law also makes it a Class B Misdemeanor for a clergyman, judge, mayor, city clerk or town clerk-treasurer to perform a same-sex marriage, punishable by up to 180 days in jail and a fine of up to $1,000.  Any clerk who issues a license to a same-sex couple would also be guilty of a Class B Misdemeanor.

Because Indiana marriage license forms have a space for “male applicant” and “female applicant”, any same-sex couple filling out the form would automatically violate the law. The harsh penalties Indiana lawmakers have approved make it difficult for protest movements like the Campaign for Southern Equality’s “We Do” Campaign, which encourages same-sex couples to apply for marriage licenses as a protest in states that prohibit same-sex marriages.

quoted from an article on The New Civil Rights Movement

“Indiana wants me, Lord I can’t go back there…”

and while we’re on the subject of regression, you know you can always count on Texas and Fox News to keep things moving.

In case you want another reason to hate Fox News, just look at what Erick Erickson tweeted after the passing of the Texas abortion bill.

Signal boost and let him know that this behavior is not welcome and not tolerated.  — from Daily Thoughts

ericksonerickson2
and last – but certainly most

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good point

constitutionBible

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May 12, 2013 · 11:59 pm

rotten tomatoes

Between the Grammy huckstering and all the Pontiff pontification, you may have missed this little item – the US and Mexico have cut a trade deal where the price of imported tomatoes will double, and the case of some speciality tomatoes like cherries, the price will soar higher.  The official line is that this will “avert a trade war by halting the re-instigation of anti-dumping investigations.”

Fine.  What it means is that Obama’s Commerce Department has yet again stuck it to the middle class with higher food costs at the expense of making a very very important voting tomatoesblock in Florida of wealthy tomato growers very happy.  And rich.

To quote (either the New York Times or Wall Street Journal – so this comes from both sides of the spin fence):

The Cato Institute’s Daniel Ikenson estimates that winter tomato prices could rise from 41% to 168%, and summer prices 47% to 176%. Specialty tomatoes, such as grape, cherry or heirloom varieties, will see the biggest increases.

In essence, the US has agreed to let Mexico increase the minimum price they charge for tomatoes, called the “price floor”.  I don’t know why it’s called that.  I’m sure some accounting MBA thought it up in order to make it sound important. It’s a minimum price.
Another little sideline – Mexico employes about 350,000 workers in the tomato industry.  I’m sure a few of those folk will be seeing pink slips now that quantity is no longer the issue.

Here is the solution proposed by one blog commenter from California:

How about we all( Mexican And US growers) stop growing so many tomatoes. Let a market be a real market and we wont have to worry minimums.

Yeah. Great.

And from an article in Forbes:

Not only will consumers pay more for foreign and domestically grown tomatoes at the grocery store and for salads and hamburgers at restaurants, but the new price-floor terms provide a strong indication that the specter of uncertainty associated with antidumping administration provides the necessary leverage to induce foreign producers into pricing schemes indistinguishable from collusion and price-fixing.

Get those tomatoes planted early this year….

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i hate to say this but…

Other than george bush and dick cheney, the politico that I rail against most frequently is ms. palin.  One, it’s deserved and two, it’s deserved. I think it’s a crack and a half that she’s apologizing for her “wussies” remark.  In this PC-stupified society we live in, the fact that she’s doing this just shows how far off the deep end we’ve gone.  I mean she didn’t even say “pussies” for  god’s sake.

But…

She did say something that, don’t hit me, I think is right on the mark.  I don’t agree with her solutions, but from a strictly observational point of view, she got this one right…

“The point is that we are a bankrupt country,” she added. “There isn’t enough money in the world to pay back the future generations that we have stolen from and foreign countries that we have borrowed from and, through quantitative easing, the money that has been printed out of thin air.”

Anyone who does not think this is true is living in a delusion that rivals the best Bellevue house residents.  Palin’s still a nut job, but she’s not a moron.

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