AND now other items of note:
The Treasury Inspector General for Tax Administration reported that approximately 1,300 prisoners filed for, and received, the First-Time Homebuyer Tax Credits. The total claims paid (yes paid) were valued at about $9.1 million.
Do you remember Reggie Bush and the Southern California Trojans from the 2005 national championship game? The NCAA slapped USC with the “near-death” penalty for improprieties regarding Mr. Bush and basketball player O.J. Mayo. The IRS and the State of California Franchise Tax Board are after them for unreported income. I suppose this will help cover the $9.1 million paid to the prisoners!
An Internal Revenue Service agent in Minnesota was indicted by the federal court for soliciting and accepting a $9,700 bribe from a Minnesota business in exchange for lowering the company’s tax liability. I’m not sure 9,700 bucks is worth ruining your life over.
Surprise, Surprise, Surprise……or healthcare reform
This is just in. The Congressional Budget Office released a study that found that the original projection that the new healthcare reform package would reduce the federal deficit was incorrect. It will increase the federal deficit.
If your business has ten or fewer full time employees and each employee’s annual wage is $25,000 or less, you will receive a tax credit equal to 35% of the paid health insurance premiums. Above ten employees, you will loose the credit. My question is how many full time employees make less than $25,000 annually?
On the other side, if you have fifty or more employees and do not offer coverage that the Congress deems adequate, you will be fined $2,000 for each employee beginning with the 31st employee. There is no minimum wage limit on this provision.
The Bright Side
Now that the President and his Posse have added a trillion dollars to the federal debt, driven up the cost of doing business in the U.S. which will force Walmart to buy even more products overseas, he will be less involved in domestic issues. That is a good thing.
After watching a few Victory at Sea and The War in Europe episodes on the History Channel, however, he has decided that his keen skills are best used as Commander and Chief…..holy wow!
I have yet to find anyone that admits voting for these guys.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment