The trouble with tracking . . .
. . . is that you see that the material that absolutely had to be there by Monday 9 a.m. sharp won't be picked up until Wednesday because everyone's taking an extra long weekend.
Taxes and Cliff Lee
In the frenzy over whether Cliff Lee will choose the Yankees or the Rangers, a number of sports reporters have generated stories on how Texas has a huge advantage over NY because of the state and city tax rates.
Hopefully the reporters get someone else to do their taxes.
First of all, in Lee's bracket, the tax professionals do a heck of a lot more than pump in a couple W2s on the return and efile the sucker. Tax planning is an art as well as a science. But just to show how silly the whole process is, let's say for the sake of argument that by playing in New York, Lee will subject himself to state and city taxes at the highest rates - 8.6 percent and 3.65.
That's 12.2 percent. Of course, that's the highest rate, not the actual effective rate, but why quibble?
At $23 million a year - I'm arbitrarily choosing the $140/6 year offer - that would work out to $2.8 mil a year in taxes. Decent money, even for a millionaire. (It's also where most of the first wave of stories stop.)
Except that Lee almost certainly wouldn't live in NYC, so he'd only be taxed on the games that he played here (the rest are taxed by the other cities, just as they would be if he were a Ranger). So slice that bill in half = $1.4 million.
Thing is, he also gets some credit on his federal tax return for paying local taxes, the same as you do. Even a simple return starts to get complicated from this point, but even with generous rounding in the government's favor the bill is down to $1 million per year. That's not even half the amount of extra money he'd pick up in endorsements in NYC over Texas. Even if he didn't want to do those endorsements, do you really feel the Yankees would lose Lee over a million dollars a year?
The truth is, Lee's choice ISN'T going to be about money, let alone taxes. He's getting a boatload no matter what. If he chooses Texas over the Yankees, it's not going to be because the state doesn't have income tax - it's because he wants to play there. And vice versa.
Whichever team he doesn't choose will just have to live with that.
In the frenzy over whether Cliff Lee will choose the Yankees or the Rangers, a number of sports reporters have generated stories on how Texas has a huge advantage over NY because of the state and city tax rates.
Hopefully the reporters get someone else to do their taxes.
First of all, in Lee's bracket, the tax professionals do a heck of a lot more than pump in a couple W2s on the return and efile the sucker. Tax planning is an art as well as a science. But just to show how silly the whole process is, let's say for the sake of argument that by playing in New York, Lee will subject himself to state and city taxes at the highest rates - 8.6 percent and 3.65.
That's 12.2 percent. Of course, that's the highest rate, not the actual effective rate, but why quibble?
At $23 million a year - I'm arbitrarily choosing the $140/6 year offer - that would work out to $2.8 mil a year in taxes. Decent money, even for a millionaire. (It's also where most of the first wave of stories stop.)
Except that Lee almost certainly wouldn't live in NYC, so he'd only be taxed on the games that he played here (the rest are taxed by the other cities, just as they would be if he were a Ranger). So slice that bill in half = $1.4 million.
Thing is, he also gets some credit on his federal tax return for paying local taxes, the same as you do. Even a simple return starts to get complicated from this point, but even with generous rounding in the government's favor the bill is down to $1 million per year. That's not even half the amount of extra money he'd pick up in endorsements in NYC over Texas. Even if he didn't want to do those endorsements, do you really feel the Yankees would lose Lee over a million dollars a year?
The truth is, Lee's choice ISN'T going to be about money, let alone taxes. He's getting a boatload no matter what. If he chooses Texas over the Yankees, it's not going to be because the state doesn't have income tax - it's because he wants to play there. And vice versa.
Whichever team he doesn't choose will just have to live with that.
Big Brother ponders the future . . .
Item:
What lesson do you figure Iran, China, et al, are drawing from this?
And which Western country do you think will be the first to "license" internet channels?
(Full story here.)
Item:
Computerworld - The retaliatory attacks by pro-WikiLeaks activists are growing in strength as hackers add botnets and thousands of people download an open-source attack tool, security researchers said today.
What lesson do you figure Iran, China, et al, are drawing from this?
And which Western country do you think will be the first to "license" internet channels?
(Full story here.)
A wakeup call
Item:
The fact that they're stunned is the real news. Maybe in another twenty years they'll actually start addressing the situation with something more than misguided pablum and time-wasting bs.
From the body of the story:
He is Arne Duncan, the U.S. Secretary of Education. The fact that he actually realizes there's a problem is something, I guess.
Full story is here. Check the graphic out and see how we rank behind places like Poland, Hungary . . .
Item:
Top Test Scores From Shanghai Stun Educators
The fact that they're stunned is the real news. Maybe in another twenty years they'll actually start addressing the situation with something more than misguided pablum and time-wasting bs.
From the body of the story:
“I know skeptics will want to argue with the results, but we consider them to be accurate and reliable, and we have to see them as a challenge to get better,” he added. “The United States came in 23rd or 24th in most subjects. We can quibble, or we can face the brutal truth that we’re being out-educated.”
He is Arne Duncan, the U.S. Secretary of Education. The fact that he actually realizes there's a problem is something, I guess.
Full story is here. Check the graphic out and see how we rank behind places like Poland, Hungary . . .
Christmas spirit . . .
We were up at West Point Sunday, in time to stop in at the West Point Band's holiday concert.
It was a great show. I even got to sing . . . fortunately with a thousand or so other people drowning me out.
'Twas the Night Before Hanukkah* brought the house down - gotta be a first for a Christmas concert.
Who says the Army's not fun?
* By Kenny Ellis, who appeared with the band and the NY Philharmonic Principal Brass Quintet, along with Mst. Sergeant Mary Kay Messenger and Stf. Sgt. Alexis Cole. He did some songs from his CD, Hanukkah Swings. Check his website out here.
We were up at West Point Sunday, in time to stop in at the West Point Band's holiday concert.
It was a great show. I even got to sing . . . fortunately with a thousand or so other people drowning me out.
'Twas the Night Before Hanukkah* brought the house down - gotta be a first for a Christmas concert.
Who says the Army's not fun?
* By Kenny Ellis, who appeared with the band and the NY Philharmonic Principal Brass Quintet, along with Mst. Sergeant Mary Kay Messenger and Stf. Sgt. Alexis Cole. He did some songs from his CD, Hanukkah Swings. Check his website out here.
Printer problems*
Printer problem in Iraq - Watch more Funny Videos
This is how I'm feeling today . . .
* A classic. HP, HP. . .
Printer problem in Iraq - Watch more Funny Videos
This is how I'm feeling today . . .
* A classic. HP, HP. . .
Hope for us alll . . .
Item:
Item:
Star Spangled Banner to Be Sold at Auction -
Missing T makes Star Spangled Banner worth $300,000
The typo clinched the copy's authenticity. So you see? I insert all those mistakes so the book will be more valuable . . .
. . . One unique feature of the first edition is that it contains a noticeable misspelling. "Carr was in such a hurry to rush this into print that he worked carelessly and misspelled the word patriotic," says Coover, pointing out that Carr listed it as pariotic (see gallery above). "Carr also omitted Francis Scott Key's name as poet."
China in the middle?
Hardly.
One thing I don't understand when it comes to North Korea - why does anyone in the U.S. want China to mediate?
If they're successful in ending the North Korean-manufactured "crisis", they've strengthened their role as a growing superpower region. And if they're not successful, they've prolonged a crisis that serves their other interests.
From China's perspective, conflict between the two Koreas has been one more stick to use as leverage when dealing with the U.S.: "We may be waging currency war against you, but if you retaliate, North Korea may just blow up Seoul."
The truth is, China doesn't have as much influence over North Korea as seems to be commonly assumed. It can't stop North Korea from attacking the south, let alone change the country's paranoid narcissistic nationalism.
The real solution is for South Korea to prove that North Korea is a paper tiger. The problem is that South Korea is not prepared for an actual war, let alone one where nuclear weapons might be used.
If North Korea continues to back itself a corner, real conflict is inevitable. the miracle is that it hasn't happened yet.
Hardly.
One thing I don't understand when it comes to North Korea - why does anyone in the U.S. want China to mediate?
If they're successful in ending the North Korean-manufactured "crisis", they've strengthened their role as a growing superpower region. And if they're not successful, they've prolonged a crisis that serves their other interests.
From China's perspective, conflict between the two Koreas has been one more stick to use as leverage when dealing with the U.S.: "We may be waging currency war against you, but if you retaliate, North Korea may just blow up Seoul."
The truth is, China doesn't have as much influence over North Korea as seems to be commonly assumed. It can't stop North Korea from attacking the south, let alone change the country's paranoid narcissistic nationalism.
The real solution is for South Korea to prove that North Korea is a paper tiger. The problem is that South Korea is not prepared for an actual war, let alone one where nuclear weapons might be used.
If North Korea continues to back itself a corner, real conflict is inevitable. the miracle is that it hasn't happened yet.
The (over) Zen of shaving . . .
It was a slow night at the local philosophy emporium. Down at the other end of the bar, I heard the following conversation:
Guy 1: . . . It was smooth, really, really smooth.
Guy 2: I'll bet.
Bartender (coming over): What, are you talking about sex? This is a family place.
Guy 1: Naw. Shaving.
Bartender: Shaving?
Guy 1: Wet shaving. I just got a new single blade razor, some creme. It's not like regular shaving. It's a whole lather experience . . .
Bartender: No more beer for you tonight.
It was a slow night at the local philosophy emporium. Down at the other end of the bar, I heard the following conversation:
Guy 1: . . . It was smooth, really, really smooth.
Guy 2: I'll bet.
Bartender (coming over): What, are you talking about sex? This is a family place.
Guy 1: Naw. Shaving.
Bartender: Shaving?
Guy 1: Wet shaving. I just got a new single blade razor, some creme. It's not like regular shaving. It's a whole lather experience . . .
Bartender: No more beer for you tonight.
Must've been a new deputy on that night . . .
I guess this would not be a good time to tell my Willie Nelson story.
(News story here.)
Living country music legend Willie Nelson was charged with possession of marijuana after six ounces were discovered aboard his tour bus in Texas, according to a U.S. Border Patrol spokesman.
I guess this would not be a good time to tell my Willie Nelson story.
(News story here.)
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