The yacht buyers in New York state got a tax break.
The few who understand the system, will either be so interested in its profits, or so dependent on its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantages…will bear its burden without complaint, and perhaps without suspecting that the system is inimical to their best interests. — Rothschild Brothers of London communiqué to associates in New York June 25, 1863
Is it me, or has the blatant disregard for the lesser people economically in the society, to the advantage of the well-to-do, become more painfully obvious of late? Of course, it’s been around a long while in the United States; I’ve seen the Gilded Age mansions. But in recent decades, income inequality is not just on the rise, but in full gallop mode.
Kentucky is arguing a philosophy that was struck down by SCOTUS nearly 50 years ago.
A friend of mine posted something on Facebook about some local bit of bigotry; there are so many, I can’t keep track. At some level, I become a tad inured, which I reckon is not a good thing. Still, these news stories caught my attention.
I wasn’t giving to charity because it was deductible, I was giving because I was called to do so.
I’m playing cards (hearts) the day after my birthday, and someone mentioned preparing taxes. I noted that the Wife and I get someone else to do it for us. My friend did not understand. “It’s EASY with TurboTax” or some other software. I repeated that we outsource our tax prep because it was best for us to do so. My reaction was perceived as passionate, maybe even heated, although it did not feel that way to me. It was just what we do to insure domestic tranquility. Continue reading “The Wife and the tax compromise”