The Real Reason Warren Buffett's Taxes Are Low - Forbes
"Still, Mr. Buffett is not sharing the real reason that he doesn’t pay much in the way of income tax relative to his great fortune.
The secret is hidden in plain sight.
Mr. Worstall alludes to it when he mentions that Berkshire Hathaway does not in fact pay dividends.
Mr. Buffett’s secret which you can find blasted all over the Internet is one of his famous quotations:
You only pay income taxes at any rate on realized appreciation.
An investment with a holding period of forever incurs a capital gains tax of 0%, while all along the holder can be getting wealthy from appreciation.
That’s the real reason Mr. Buffett does not pay a lot of income taxes."
Monday, August 15, 2011
Five Muskegon-area high schools miss 'adequate yearly progress,' latest school report cards show
Five Muskegon-area high schools miss 'adequate yearly progress,' latest school report cards show MLive.com
"Muskegon Public Schools was among 7 percent of school districts that did not make AYP as a whole"
Muskegon employers are having a tough time finding employees who meet their minimum standards: pass a drug test and posses a high school diploma.
Muskegon, we have a cultural problem.
A big one that too many of our "leaders" refuse to acknowledge.
"Muskegon Public Schools was among 7 percent of school districts that did not make AYP as a whole"
Muskegon employers are having a tough time finding employees who meet their minimum standards: pass a drug test and posses a high school diploma.
Muskegon, we have a cultural problem.
A big one that too many of our "leaders" refuse to acknowledge.
Muskegon County plans another sewer rate increase
Muskegon County plans another sewer rate increase MLive.com
"County staff members inserted a preliminary wastewater wholesale rate increase of 21 percent in the proposed budget for the upcoming fiscal year, which begins Oct. 1."
"County staff members inserted a preliminary wastewater wholesale rate increase of 21 percent in the proposed budget for the upcoming fiscal year, which begins Oct. 1."
‘You Lie!’ — Joe Wilson Was Right
The PJ Tatler » ‘You Lie!’ — Joe Wilson Was Right
"There are between 12 and 20 million illegal aliens in the United States.
The fact that immigration status will not be checked at these health centers means illegal aliens will be treated, at American taxpayer expense, and in contradiction to what President Obama said.
He lied in the service of passing a bill that a majority opposed and which is helping sink the US economy."
"There are between 12 and 20 million illegal aliens in the United States.
The fact that immigration status will not be checked at these health centers means illegal aliens will be treated, at American taxpayer expense, and in contradiction to what President Obama said.
He lied in the service of passing a bill that a majority opposed and which is helping sink the US economy."
15% of Americans have trouble putting food on table
15% of Americans have trouble putting food on table - Nov. 16, 2009
"The one-year jump is all the more significant, given the number of hungry Americans had never been higher than 11.9% since these surveys began."
It was bogus back in 2009 but it is more accurate today.
Yet we see little MSM notice.
Big surprise.....yeah right.....
But these folks are trolling for morons here in Muskegon:
http://feedingamerica.org/hunger-in-america.aspx
"The one-year jump is all the more significant, given the number of hungry Americans had never been higher than 11.9% since these surveys began."
It was bogus back in 2009 but it is more accurate today.
Yet we see little MSM notice.
Big surprise.....yeah right.....
But these folks are trolling for morons here in Muskegon:
http://feedingamerica.org/hunger-in-america.aspx
State employee unions put trust in unified negotiations
State employee unions put trust in unified negotiations Lansing State Journal lansingstatejournal.com: "Alarmed by a lack of response from state employee unions in crafting $145 million in concessions, state officials laid down a gauntlet in late July.
Come to the table, or prepare for layoffs Oct. 1.
State employee unions responded last week: We will agree to talk with you, but only with one voice.
Bargaining together for the first time, five state employee unions representing about 35,000 workers said they will negotiate together on wages and benefits as part of a new three-year contract.
The wage and benefits portion of that contract begins Oct. 1, 2012.
It's part of a bid by unions to flex their muscle and show solidarity as they negotiate several crucial issues that might include requiring all state employees to pay 20 percent of their health care premiums, retiree health coverage and other pay or benefit reductions totaling $145 million.
Such a united approach by civil service unions may represent a nationally rising trend as financially strapped states, facing federal funding cuts, square off with employees over pay and benefits, said Gary Chaison, a labor relations expert and professor of industrial relations at Clark University in Worcester, Mass.
So far, only civil service unions in a few states, such as Connecticut, have tried the approach.
'It gives them much greater power,' Chaison said.
'They see a common argument being used against them, the need to reduce the budget and they are fearful that a weaker union will agree to concessions."
Come to the table, or prepare for layoffs Oct. 1.
State employee unions responded last week: We will agree to talk with you, but only with one voice.
Bargaining together for the first time, five state employee unions representing about 35,000 workers said they will negotiate together on wages and benefits as part of a new three-year contract.
The wage and benefits portion of that contract begins Oct. 1, 2012.
It's part of a bid by unions to flex their muscle and show solidarity as they negotiate several crucial issues that might include requiring all state employees to pay 20 percent of their health care premiums, retiree health coverage and other pay or benefit reductions totaling $145 million.
Such a united approach by civil service unions may represent a nationally rising trend as financially strapped states, facing federal funding cuts, square off with employees over pay and benefits, said Gary Chaison, a labor relations expert and professor of industrial relations at Clark University in Worcester, Mass.
So far, only civil service unions in a few states, such as Connecticut, have tried the approach.
'It gives them much greater power,' Chaison said.
'They see a common argument being used against them, the need to reduce the budget and they are fearful that a weaker union will agree to concessions."
Why the GOP should give Obama the higher taxes he wants
Sunday Reflection: Why the GOP should give Obama the higher taxes he wants Glenn Harlan Reynolds Columnists Washington Examiner
"Were I a Republican senator or representative, I would be agitating to repeal the 'Eisenhower tax cut' on the movie industry and restore the excise tax.
I think I would also look at imposing similar taxes on sales of DVDs, pay-per-view movies, CDs, downloadable music, and related products."
If we taxed what we spent, the kids would know what's happenin'.
"Were I a Republican senator or representative, I would be agitating to repeal the 'Eisenhower tax cut' on the movie industry and restore the excise tax.
I think I would also look at imposing similar taxes on sales of DVDs, pay-per-view movies, CDs, downloadable music, and related products."
If we taxed what we spent, the kids would know what's happenin'.
Toxic Raptors Still Grounded
AVwebFlash Complete Issue#205216#205216
"Toxic Raptors Still Grounded, Pilots Losing Currency
An investigation that grounded the fleet of F-22 Raptors back in May, 'has since expanded to include all aspects of the aircraft,' according to the Air Force Times, leaving deliveries on hold and pilots hoping for simulator time.
There are less than 160 Raptors deployed (accounting for roughly $65 billion) and two F-22 simulators -- one at Langley and another at Tyndall Air Force Base.
The actual jets have been grounded because they appear to be poisoning their pilots.
Tests have found multiple toxins in the blood of Raptor pilots affected by symptoms similar to hypoxia while flying the jets.
And the Air Force hasn't been able to source the problem, leading to a cascade of complications."
"Toxic Raptors Still Grounded, Pilots Losing Currency
An investigation that grounded the fleet of F-22 Raptors back in May, 'has since expanded to include all aspects of the aircraft,' according to the Air Force Times, leaving deliveries on hold and pilots hoping for simulator time.
There are less than 160 Raptors deployed (accounting for roughly $65 billion) and two F-22 simulators -- one at Langley and another at Tyndall Air Force Base.
The actual jets have been grounded because they appear to be poisoning their pilots.
Tests have found multiple toxins in the blood of Raptor pilots affected by symptoms similar to hypoxia while flying the jets.
And the Air Force hasn't been able to source the problem, leading to a cascade of complications."
Rep. John Conyers's seat up for grabs in Michigan
Rep. John Conyers's seat up for grabs in Michigan - Politico Staff - POLITICO.com
"With the passage of Michigan’s Republican-crafted redistricting law, recently signed off on by Gov. Rick Snyder, Rep. John Conyers seat is officially up for grabs after nearly 50 years - and local Democratic district officials are not pleased"
Bummer dudes...
"With the passage of Michigan’s Republican-crafted redistricting law, recently signed off on by Gov. Rick Snyder, Rep. John Conyers seat is officially up for grabs after nearly 50 years - and local Democratic district officials are not pleased"
Bummer dudes...
Sunday, August 14, 2011
Reid expects Tea Party to fade away
Reid expects Tea Party to fade away - Opinion - ReviewJournal.com
"Reid blamed everything that ails Washington and the nation on Republicans"
"Reid blamed everything that ails Washington and the nation on Republicans"
Ex-Minn. Gov. Tim Pawlenty ends White House bid
My Way News - Ex-Minn. Gov. Tim Pawlenty ends White House bid
"'I wish it would have been different, but obviously the pathway forward for me doesn't exist so we are going to end the campaign,' Pawlenty said on ABC's 'This Week' from Iowa."
"'I wish it would have been different, but obviously the pathway forward for me doesn't exist so we are going to end the campaign,' Pawlenty said on ABC's 'This Week' from Iowa."
Saturday, August 13, 2011
Muskegon-area legislators to meet Friday with chamber members
Muskegon-area legislators to meet Friday with chamber members MLive.com
"The chamber's Government Affairs Committee will meet with state Sen. Goeff Hansen, R-Hart, and state Rep. Holly Hughes, R-White River Township Friday from 8-9:30 a.m. at the Coffee House, 255 Seminole.
No reservations are needed."
"The chamber's Government Affairs Committee will meet with state Sen. Goeff Hansen, R-Hart, and state Rep. Holly Hughes, R-White River Township Friday from 8-9:30 a.m. at the Coffee House, 255 Seminole.
No reservations are needed."
Mich. Republican Party votes to hold closed primary to pick 2012 presidential delegates
Mich. Republican Party votes to hold closed primary to pick 2012 presidential delegates The Republic
"Michigan Republicans have voted to hold a closed primary election to choose 2012 presidential convention delegates.
The Republican State Committee on Saturday approved the recommendation of the party's Policy Committee by a vote of 92-17.
Supporters say it's a more inclusive way of choosing delegates than a convention or caucus."
Suicidal GOPers!
Or are they simply fools?
The democrats must be gearing up their "get out the vote" ACORNistas to vote in the "closed" primary.
It'll be McCain/Bush 2000 all over again.
Seriously, are our republican state leaders morons or is there another agenda going on?
"Michigan Republicans have voted to hold a closed primary election to choose 2012 presidential convention delegates.
The Republican State Committee on Saturday approved the recommendation of the party's Policy Committee by a vote of 92-17.
Supporters say it's a more inclusive way of choosing delegates than a convention or caucus."
Suicidal GOPers!
Or are they simply fools?
The democrats must be gearing up their "get out the vote" ACORNistas to vote in the "closed" primary.
It'll be McCain/Bush 2000 all over again.
Seriously, are our republican state leaders morons or is there another agenda going on?
President Sees Bright Green Future for Battery Jobs; Details Show Reality Still Very Cloudy
President Sees Bright Green Future for Battery Jobs; Details Show Reality Still Very Cloudy [Michigan Capitol Confidential]
"Both President Obama and Gov. Granholm boasted at the event that the plant is a sign of 'economic recovery.'
Yet each of the approximately 400 jobs the operation is expected to generate will cost taxpayers $625,000"
"Both President Obama and Gov. Granholm boasted at the event that the plant is a sign of 'economic recovery.'
Yet each of the approximately 400 jobs the operation is expected to generate will cost taxpayers $625,000"
Filing deadline approaching for school board and some city council candidates
Filing deadline approaching for school board and some city council candidates MLive.com
"Candidates seeking election Nov. 8 to area school boards as well as Muskegon Heights and North Muskegon city councils have until Tuesday to register."
The LAST day is Tuesday August 16th.
Time is running out!
Let's get out there and make our own change rather than waiting for someone else's version of "change"!
"Candidates seeking election Nov. 8 to area school boards as well as Muskegon Heights and North Muskegon city councils have until Tuesday to register."
The LAST day is Tuesday August 16th.
Time is running out!
Let's get out there and make our own change rather than waiting for someone else's version of "change"!
Mona Shores privatizes bus drivers, saves nearly $100,000
Mona Shores privatizes bus drivers, saves nearly $100,000 MLive.com
"The drivers will be working for a private firm, Michigan Educational Transportation Services, as the result of a cost-saving move that will reduce expenses by nearly $100,000 per year."
Good move!
"The drivers will be working for a private firm, Michigan Educational Transportation Services, as the result of a cost-saving move that will reduce expenses by nearly $100,000 per year."
Good move!
Thursday, August 11, 2011
Deep Freeze for Salaries
Deep Freeze for Salaries
"As I continue to monitor developments in the public pension world, a new theme is beginning to emerge.
The only way to balance the books for some, perhaps many, state and local government pension plans will be to freeze public-employee salaries for most of this decade.
Despite valiant efforts by labor groups to raise or restore employee contributions to help bail out pension plans, the math just won't work.
Employers are facing daunting increases in pension costs and must soon begin to pay for retiree medical benefits as well."
If strong leaders don't fix this disaster, it will be the union workers and pensioners who suffer along with the taxpayers (and non-taxpayers).
"As I continue to monitor developments in the public pension world, a new theme is beginning to emerge.
The only way to balance the books for some, perhaps many, state and local government pension plans will be to freeze public-employee salaries for most of this decade.
Despite valiant efforts by labor groups to raise or restore employee contributions to help bail out pension plans, the math just won't work.
Employers are facing daunting increases in pension costs and must soon begin to pay for retiree medical benefits as well."
If strong leaders don't fix this disaster, it will be the union workers and pensioners who suffer along with the taxpayers (and non-taxpayers).
Why Apple is now No. 1 company in the world
Why Apple is now No. 1 company in the world - Business - US business - msnbc.com
"Apple’s revenue is currently about $100 billion.
Exxon’s sales are $383 billion.
Walmart’s are $415 billion."
Apple is amazing!
"Apple’s revenue is currently about $100 billion.
Exxon’s sales are $383 billion.
Walmart’s are $415 billion."
Apple is amazing!
Rhode Island Braces For Muni Crises In Wake Of Central Falls Bankruptcy
Rhode Island Braces For Muni Crises In Wake Of Central Falls Bankruptcy
"The filing was a wakeup call for Rhode Island, which is suffering from widespread pension crises. Combined, the state's municipal pension plans are only 41% funded, and face an unfunded liability of $2 billion.
Rhode Island's unfunded obligation (at the state level) is $6.8 billion, and some experts argue it could actually be as high as $9 billion."
And municipal pension underfunding is only the tip of a giant iceberg that includes retiree healthcare benefits.
"The filing was a wakeup call for Rhode Island, which is suffering from widespread pension crises. Combined, the state's municipal pension plans are only 41% funded, and face an unfunded liability of $2 billion.
Rhode Island's unfunded obligation (at the state level) is $6.8 billion, and some experts argue it could actually be as high as $9 billion."
And municipal pension underfunding is only the tip of a giant iceberg that includes retiree healthcare benefits.
Chrysler announces 'No Payment for 90 Days' program
Autos Insider Chrysler announces 'No Payment for 90 Days' program The Detroit News
"New deals on 2011 models are being offered, too, including 3-year financing as low as zero percent or $2,000 cash back on a Chrysler 300, 300C or Dodge Charger."
Obama's bailout ain't lookin' too good if they have give away cars.
"New deals on 2011 models are being offered, too, including 3-year financing as low as zero percent or $2,000 cash back on a Chrysler 300, 300C or Dodge Charger."
Obama's bailout ain't lookin' too good if they have give away cars.
Wednesday, August 10, 2011
Rick Santelli: If Not For Tea Party, U.S. Would Be Rated BBB
Rick Santelli: If Not For Tea Party, U.S. Would Be Rated BBB RealClearPolitics
"'Blame the Tea Party?
Geez, no wonder Kerry did so well in an election.
If it wasn't for the Tea Party, they would have passed the debt ceiling thumbs up, we would have been rated BBB.'"
"'Blame the Tea Party?
Geez, no wonder Kerry did so well in an election.
If it wasn't for the Tea Party, they would have passed the debt ceiling thumbs up, we would have been rated BBB.'"
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