How about a Mojo diary? (with poll!)
It’s been a while since I’ve seen a mojo diary, so I thought I’d start one. And, I feel like being frivolous and silly. We have a lot to celebrate tonight! The last 24 hours require at least 48...
Read MoreAuthor: mlr701
What are you reading?
Yesterday, I read an article about Bill Clinton in which he said he owned about 5,000 books. I was immediately wracked with envy. In my continuing quest to find more books that I have to read, what are you reading,...
Read MoreBreeding and stupidity: Bush’s new tax plan
From USA Today: Tax proposal for less paper, but fewer deductions
So Bush’s tax commission has decided to “simplify” tax forms — by eliminating many popular deductions in favor of a “family credit”, which would include raising the per-child deduction to $1,500. Also (and here’s the kicker that’s going to cost all of us), the tax commission, concerned about all the people being caught by the Alternative Minimum Tax, proposes to repeal the AMT.
This is probably great news if you’re affected by AMT (see below for percentages of people affected — and note the income ranges). Note that the numbers used to calculate AMT have never been adjusted for inflation.
However, here’s what will be eliminated or reduced to pay for AMT repeal:
- State and Local propery tax deductions
- Student Loan interest deductions
- Mortage interest and health insurance deductions
Wesley Clark: Before it’s too Late in Iraq
Wesley Clark has an interesting column in yesterday’s Washington Post: Before It’s Too Late in Iraq. It’s good food for thought, and it’s refreshing to see someone on our side offering a...
Read MoreCelebrating the 4th (w/o celebrating Bush)?
Two days a year, I get up in the morning and hang an American flag on our front porch: Memorial Day and July 4th. On July 4, I also take some time to read the Declaration of Independence and at least some of the...
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