And the hits just keep on comin'... BENEFICIARIES: The Cost of Living Adjustment ("COLA") of 0.3% means the average SS check will increase $4/mo. Don't blow it all in one place! TAXPAYERS: The Social Security wage base (or amount of earnings subject to the 6.2% tax) increases from $118,500 to $127,200. Both employers AND employees [...]
The Washington-based Tax Foundation (a non-partisan, independent research group educating taxpayers about sound tax policy and the size of the tax burden borne by Americans at all levels of income) has analyzed Hillary Clinton’s proposed tax increases on people with “high incomes” and businesses and determined it to be a drag on economic growth. Findings [...]
The annual Cost of Living Adjustment (“COLA”) to monthly Social Security checks is fast becoming a relic in a world of near-zero inflation. According to the most recent estimates the 2017 COLA is likely to be 0.7% on the high end and, at worst, 0%.
It’s been a while since we’ve yelled at those darn kids to stay off our lawn so it’s time to complain: What was up with all the gasbags on Friday? Great Britain voted to leave the European Economic Union and with nary a thought appeared article after article proclaiming to know what it means and [...]
“Those who cannot remember the past are condemned to repeat it.” George Santayana (The Life of Reason – 1905) At yesterday’s press conference Fed Chair Janet Yellen admitted what many suspect – the U.S. economy will not soon return to normal. For years The Fed’s projections have been overly optimistic. In-house economists predicted economic activity [...]
Back in the halcyon days of the housing market with a crumbling Fannie Mae and Freddie Mac to contend with a quiet threat to the U.S. financial system appeared in the form of a possible dumping of U.S. Treasury securities held by Russia and China. Both countries with their vast holdings saw the opportunity as [...]
For everyone who bashed us for this post we’ll now be “fair and balanced” (but not in the Fox News standard for those terms – ha!). Once again the following is factual and not intended as a swipe at any one person or political party. Once again we suspect it will be construed as such. [...]
The following info is factual. It isn’t intended to be a swipe at any one person or political party although we suspect it will be construed as such. That’s life in 2016. So be it. According to papers released by The White House President and Mrs. Barack Obama had $436,000 of income in 2015 on [...]
Next week as part of his final budget request President Obama will propose a $10/barrel charge on oil. The fee would be paid by oil companies which of course means it will be paid by consumers as surely the oil companies will pass along the cost to end users. The fee’s purported goal is thievery [...]
It’s nice to see Hillary Clinton pandering once more . . . or does she really believe tax, redistribute and spend will actually grow the pie and kick start the economy? Speaking at an organizing event in Waterloo, Iowa, the Democratic frontrunner railed against all those evil / unethical / immoral people of wealth. "It’s [...]