This morning Obama submits his budget which will show in some detail his spending and taxing plans for this administration. He seems to be keeping his promise to raise taxes significantly on persons making more that $250,000 per year. What shall I call that group ?
They aren't millionaires, for sure. They aren't even rich. Perhaps some variant of "quarter" fits best. For now, I'll use "quartaires".
One leak this morning suggests he intends to be more severe than expected on quartaires. I refer the denial of mortgage interest deductions to that class. This will raise taxes quite substantially on younger quartaires who live in California and New York and other high home cost areas. So the younger, dual income couple stretching for that McMansion through debt is not going to have as much spending power.
This change is part of a trend that I've mentioned before, viz. that the AMT is the future of the Federal tax code: more specifically, a graduated AMT having no deductions for anything.
I'll think and write more about this as more details come out.
One investment is obviously a winner: municipal bonds. At today's prices, they are a screaming buy for quartaires.
Special Quiz: What is the significance of today's blog title ? (see below for answer - no peeking !)
Word of the Day
"Plangent" - adjective [$10]
Plangent means loud, reverberating.
Sentence: Plangent cries of pain can be expected from New York, California and Washington DC metropolitan areas if Obama's elimination of mortgage interest deductions for quartaires is implemented.
Le Mot du Jour
"Parvenir" - verb, conjugated like "venir"
Parvenir means 1. to get to , to reach, to achieve; (intransitive) to succeed or get on with life, to arrive.
La Phrase: On espère que le plan d'Obama parvienne succès.
Sentence: People hope that the Obama plan achieves success.
Quiz Answer: The three letters that fixated the nut, Gen. Jack Ripper in that great movie, Dr. Strangelove were P, O and E: Peace on Earth, Purity of Essense, etc. The recall code was quodliteral, having three letters only. Today's title contains OPE, which was the correct recall code for the nuclear bombers. Let's "hope" Obama's recall code for economic disaster succeeds better than in the movie.
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85 comments:
Was that a fair quiz question bunk?..lool
yes ... I've often written about Dr. Strangelove. It's one of my three favorite movies.
And I've mentioned the recall code several times, too.
btw, learning a language as an adult is proven to help retain one's memory
;)
and we've done word polays with acrostics often.
You need another cup of coffee, spin.
Vous avez besoin d'une autre tasse de café.
word plays
another morning of tax hikes
still bullish on the market Bman ?? can the economy grow in a tax increasing environment ??
cap and trade
still bullish Bman ?? manufacturing decimated..........now here come the greenies
time will tell: Algore proposed a carbon tax that never became law.
If that mortgage deduction limit goes through, one of the best investments for quartaires would be to pay down that debt
loool I guess I do need another cup...maybe if you put nuculer"W" or obama's budget railraods the quartaires..then some kind of question
Ohio
Pennsylvania
Erie
Im sorry..you'll have to try again if its a true game that you want others to play..I award you no points..but credit is earned for the attempt at making it interesting...lol
what percentage of the country makes 250k, per household? is it even 5%, i doubt it.
to the avg american, 250k is a ton of do, ray, me!
http://www.youtube.com/watch?v=3JvQI9PvZWk
OMG, i watched the first 3 minutes, which was the song portion. i gotta watch all 9 minutes, becuase i was ROFL!
carol chaney............LMAO!!!!
now that family guy clip where she beats up mike tyson, makes so much more sense.
ok julie andrews voice is WEAK, pathetic, not listenable to. the interplay between the pianist and i think a fiddle was midly interesting but frankly ive heard better tunes from the wiggles.
i dare u to watch throwing stones, utube. i havent done it, yet.
was expecting something worth listening to.
seriously bman, that was terrible. beer shot out of my nose when i saw carol chaney and mary tyler moore. oh and those sluts! skirts showing knees. va va voom! i know it was a movie taking place in the 20's.
outside of the guns, seems like u lead a G rated life.
my life is probably X rated.
no offense, jmvho.
"no great songs written since what, 57?"
LMAOOOOOOOOOOOOOOOOOOOO
u r kidding yourself if mozart or beethoven dont dig what the dead did, versus the candy cane pop from the 50's.
thats music for a young child.
GD music far far more complex and interesting. beethoven wud dig the dead!
mern the more interesting question is..........how many taxpayers that reported over 250k last year..........went below 250k in 2008 ??
i bet quite a significant number
MVP MVP MVP
Bman are you supporting the elimination of the mortgage interest deduction??? are you serious
the spook talks about his budget at 11am...........oh great.....wonder what other taxes are in there
fiscally responsible my ass
well, mern, I was limited to what youtube had.
Lots of good clips get pulled due to copyright claims.
Julie Andrews voice "weak" ... uh ... are you hitting the bong already ?
She was a Broadway star for years and could hit the back rows in every note. Probably she had the best female voice of the 20th century.
I want to see the details re the mortgage interest deduction changes.
I am against broad changes to it.
Bman your favorite vaughn monroe tunes ??
the movie was a comedy - I really like the theme song lyrics as they say how the 1920s was sooo modern.
That's one of my ideas, that not much has changed in society since 1910.
outside of the guns, seems like u lead a G rated life.
my life is probably X rated.
no offense, jmvho.
now thats a word and head game...pffttt
I'll look at my CD of his.
Bud good point....my brother in law made over $850k last year and he said he would be lucky to make over $250k this year. He is a financial planner.
"IN THE YEAR 2000".....IN THE YEAR 2000...(and beyond)
skim will make the world go round
yes maam/sir..Ill do it for cash
I do "mostly" try to lead a G-rated life.
Vuagnn Monroe: "Three, I've said it again"; "Carolina Moon", "Red Roses for Blue Lady", "Racing with the Moon", etc. Teh RCA CD named "The Golden Voice of Vaughn Monroe" has them all.
I have the tape, too (and LP). I loaned the CD to Mom - she likes him, too. Gotta buy another.
nothing wrong with that..ya drink Bunktini's so that's at least a PG
true, Bud, Obama reventue projectinos are gonna miss bigtime to downside.
plus people like me will adjust to avoid the big tax hits.
true, just "mostly" G :)
most of what I do was popular in 1947 or 1928.
I admit I'm an anachronism. A recluse, too.
Julie Andrews in Mary Poppins was great, too.
I still enjoy that movie.
loool..pisser
IF it passes, that carbon cap bs will favor natural gas.
I see the mortgage interest is limiting it just to a 28% rate - like the AMT value
I see no big effect - that's what many making $250K get anyway.
anachronism....wow...that may be $25....
anachronism .....25 dollar word ??
huh ??????
here's a word.........'ass-kisser'.......how many dollars is that ??
here we go
capital gains tax
increase
still bullish Bman ????
well, Bud, in French that's a *** word = lèche-cul
it's invariant M&F.
[the dictionary grades slang and vulgarity in 1 to 3 stars]
depends on the rate - 20% is OK.
raising the dividend rate to ordinary income would be a bad move - worried about that
Bud why so bitter son? Just sit in cash and wait for better days....
Bunk your man of the world..what kind of person finds pleasure in the pain of others...always puts others down...in other words...whats buds problem?..Is there "hope"??
Bud instead of "ass-kisser" may I suggest "sycophant"($10) or even "toadie" ($10)...
Il y a toujours l'espoir !
There is always hope !
bitter ?? pain of others ??? no way
like howard cosell use to say......"if we see it...we gotta say it"....you guys like to stroke each other
tete de noed indeed
the jerk store called...........
if you ever...and I mean ever...spoke to "jim" the way you speak to the bunkerboys....oh man....he would freaking hammer you....
why would i ever.....'and i mean ever'.....speak to joe torre jr like that......i respect him
tete de noed indeed
Je suis embarrased pour vous
it's tete de noeud, Bud.
[without the special characters]
nononono mess with Skip today buddeee'.......
Je suis embarrased pour vous
haaaaa huuuuaaaaa..haaaaa(deep french laughter)
Lloyd: What the hell are we doing here, Harry? We gotta get out of this town!
Harry: Oh yeah, and go where? Where are we gonna go?
Lloyd: I'll tell you where. Someplace warm. A place where the beer flows like wine. Where beautiful women instinctively flock like the salmon of Capistrano. I'm talking about a little place called Aspen.
Harry: Oh, I don't know, Lloyd. The French are assholes.
loooooooooool
Donny Deutsch....man...spin is all over this guy's jock....bromance indeed
my apologies guys......donny douche
tete de noeud indeed
in the spirit of fair and balanced...I'd like to point out the fact that ARod hit a beautiful home run yesterday...well done...
embarrassed => embarrassé
= past participle of verb, embarrasser.
But it worked for good pidgin French.
I think they might not use that "pour vous", but am not sure. They like active voice.
Perhaps:
Votre obsequiosité à Jim m'embarrasse.
Your obsequiousness to Jim embarrasses me.
Or servilité à Jim
Just helping you with the language, mfl.
bromance..lmaooooooo
cheers Bunk....I can always use the help
From Reuters...A White House spokesman has hinted that a possible tax is coming based on how many big screen tv's a family has in their house....
oh maan thats bad for some....
roflllllllllllllllllllll
skip with the eye of the Tiger today
and the despicable and disgusting yankee fans cheered A-fraud
yankee fans.........they make me puke
sorry Bud ..you pissed in Skips Capt Crunch..dont try and get on his good side....lame attempt at best..and kind of sad...loool
http://www.youtube.com/watch?v=ofc_JLy3HDg
i found a not so great copy of the family guy clip of tyson and channing, fighting.
hilarious! simply hilarious
weighing 67 lbs............. carol channing LOL
" u and your rock and roll, and your 8 track tapes"
lmao, now i see y bman likes her.
tigers not a good subject today spin
I saw Lee... it was espn 2 last night....save it for the dance
NEWBO'S fine??...SAMBO's not so much??
SKF "thanks Tom"
This shit breaks my fuckin heart.....741 falls lookout
"if youre long gold youre short America"
I see the dividend tax rate is just going to 20% ... that's good as it keeps the balance with capital gains
does it really make a difference what the capital gains tax is? who the heck has any?
bot EEFT, CX for Obama Fund
added smidge of CETV
I have huge unrealized capital gains - it matter to me
(in stock in private companies)
wow I can't believe I got you to swing at that Bunkerman....
still can't buy the restaurants I wanted.
uhhhh I guess I'm gullible.
Well, I expect my Obama Fund will pay off 10x in two years as he saves us all.
Bunk....do you own a quarter counting machine?...lol
Im sayin the Kardwell international..electronic counter and wrapper...loool
there you go............called mfl a name
and he came back with a vicous knuckle-ball.....Bman..looooooooooool
tete de noed indeed
"in the spirit of fair and balanced...I'd like to point out the fact that ARod hit a beautiful home run yesterday...well done..."
ROFLLLLLLLLLLLLLLLLL....how did I miss this GLD nugget
"AEM thanks mike"
watched throwing stones.
a, that is not 3/14/93. i was at that show and they did not play this song. that is what i thought, and i checked the set list and they didnt play it.
b. bad recording. bad yr, 93. jerry was gone, and they had the worst keys player, vince welnick.
im thinking the bman, if he still has that copy i sent him of jerry acoustic, in 82. i think i stuck some extras from red rocks 2003. listen to sugaree song by miss joan osborne. that is live without a net. we were in the 6th row. i was on enuff acid to take out an elephant. when she took the mike off the stand and starting struting around the stage, singing her ass off. i must admit, i got a chubby. and herrings guitar solo was unreal! joanny was spinning around him. 10,000 people were going insane!
that night for sure, one of my top 10 craziest days/nights.
those r all XXX
when it was over i was afraid to sleep and close my eyes. i told my buddy i was afraid i was going to die. he said he felt the same way, but he needed to sleep. so he asked me to watch him sleep and if stopped breathing do something. so he went to sleep and i watched to make sure he breathed for about 2 hours. then the sun came up. we hailed a cab. showered, and went right back to the parking lot by 10am, and did it all over again on wednesday. both those shows were smoking hot!
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