We the people are witnessing the stirrings of one of the truly rare events in nature; our Congress in action. The Senate has taken the extraordinary step of actually acting on a trio of bills in the same month; the food safety package, the START treaty ratification process, and the now infamous Obamadeal with the Republicans. The House, which in fairness is usually quite active, moved on the Don’t Ask Don’t Tell repeal. In view of all this auspicious activity, writing a column on sports this evening seemed frivolous.
Read the rest of this entry »The Father, The Son, And The Holy Tax Cut
I add the emphasis to taxable income, because for those politicians and pundits that believe tax cuts are akin to the Lord’s Prayer, a very unlikely view of the American landscape exists. Precious few small businesses, of the type most of us would identify with that label, generate taxable income in excess of $200,000. Corner markets, craft stores, pizza parlors, hair salons, craft stores, boutiques, Avon ladies, independent contractors…none of these are likely to reach that plateau. Even as a sole proprietor, and cutting no corners on the filing and writing off no expenses or material, Joe the Plumber might be expected to reach $120,000 in gross income for a year.
Read the rest of this entry »
