This is Fools_RushL_in's Typepad Profile.
Join Typepad and start following Fools_RushL_in's activity
Join Now!
Already a member? Sign In
Fools_RushL_in
Recent Activity
I was working the night shift at the IHOP on Kenilworth Ave in Riverdale MD (about 2 miles from the D.C. line to the NE). We had no more than 10 tables between about 4-7 pm EDT, then I watched the landing on a B/W TV with (eventually) one regular customer, one waitress, and one cook. You literally could have taken a nap between 9 pm and approx 11 pm in the middle of that street (MD201) and had no risk of being run over.
1 reply
Great suggestions, especially the RMD directly to charity manuever. Our income hovers right near the Medicare penalty level (partly due to the fact that our post-retirement HI premiums are no longer paid with pre-tax monies), and that might take some of the sting out of no longer being able to deduct (due to the new SALT linits on the TCJA) our usual charitable contributions, starting next year.
1 reply
How is there no requirement on the part of Manafort's clothiers, landscape architechs, etc., for reporting huge wire transfer payments from an overseas bank. If I (should be so lucky) pay $60K cash for a vehicle it's reported; if I deposit $10,000 or more in a bank, it's also reported. What am I missing here? Thanks.
1 reply
Mnuchin is clueless. The fact that Devin Nunes is pushing this should disqualify the proposal. How much of capital gains are actually in taxable accounts? Benefitting who? The TCJA has already proven it was no successful in exploding the deficit but not raising wages. When will we wise up?
1 reply
Has that genius prepared his Excel 1040 download yet? It is always helpful to predict (1) where we should end up after using the 2017 tax software (I've prepared a less impressive Excel W/S estimate already), as well as (2) preparing an estimate for 2018 so I can recompute our required withholding and quarterly payments. My wife & I have five 1099-R's, three W-2's, one SSA-1099 and one 1099-MISC this year. Hopefully one less W-2 in 2018.
1 reply
Here in MD the anti-tax crowd (as represented by the GOP blogosphere) thinks Gov. O'Malley is guilty of (I can't help myself) "highway robbery" for raising the gas tax after 20 years. Of course, when the real estate market tanked, property & transfer fees dried up so the transportation fund was raided to balance the budget, exacerbating the problem described here. The real problem is wage stagnation, not taxation, but God forbid we attempt any governmental solutions. It's now survival of the well-connected in the good ole US of A. Every thing is perceived as a zero-sum game; the rising tide theory (which was the status when we had wide-scale unionization) has gone the way of the dinosaur in the low-info voting population.
1 reply
Since my wife now works as a contract medical professional and our health insurance is through her retirement, the reduction of the maximum allowable Health Care Spending Account from $5000/person to $2500/person (and now just me eligible to use one) hurt us worse than the expiration of the 2% payroll tax holiday. We already have racked up almost $2500 (dental & hearing aid) in health care expenses and we're still in February. However, we purchased long term care insurance in November (paying 25% of annual prem as application) and will pay 75% of annual premium between 1/2013-6/2013 (when her contract expires) so that will take the sting out of the reduction in the HCSA pre-tax account. Having said that, my co-workers were clueless when they got 2013 check no. 1 and their take-home pay had been reduced.
1 reply
Fools_RushL_in is now following The Typepad Team
May 13, 2010