Four Los Angeles retirees collected $1 million-plus pension payouts last year

Look, nobody doesn’t like fire fighters. My neighbors years ago were both fire fighters and they are very nice people. If God forbid one needs help one is always happy to see the engine roll up the street that is for sure.

But a million dollar pension payout? For one year? Let’s get real here. (Where I live we have volunteer fire fighters and they are top notch.)

(From Transparent California)

Four Los Angeles police and fire retirees collected over $1 million apiece in pension payouts last year,

Read More

More Than Half Of Prince’s Vast Estate Will Go To Taxes

All that work. All that wealth. Half will go to the government. That is a crying shame.

Was that a dove I just heard?

(From Buzzfeed News)

Without a will or any financial planning, experts say more than half of Prince’s vast estate will go to state and federal taxes.

Before Prince’s death, his estate — which includes property, music royalties, and other ventures — was widely estimated to be at least $100 million.

Read More

Government wastes your time and money with its paperwork and red tape (But what are you going to do about it?)

Government is massive. It is inefficient. It is wasteful. It bullies. It over regulates. It hinders commerce. It is the fundamental component of crony capitalism. Crony capitalism can not happen without government. The bigger the government the more crony.

Laws should be simple and straightforward. They should be few. They should be transparent.

To the degree that laws are not simple and straightforward, to the degree that they are many and not few, to the degree that laws are not transparent,

Read More

Trump and Clinton share Delaware tax ‘loophole’ address

One person’s tax “loophole” is another person’s “pocket of freedom.” There is absolutely nothing wrong with minimizing one’s tax outlay legally. Better the person who earned the money keep it, invest it, and create opportunities than have it feed the Washington government behemoth. Frankly one has an obligation to minimize one’s tax bill as I see it.

Saying that, it’s interesting that Trump and Clinton share a corporate address. (With many many others.) Kind of cute almost.

Read More

Some CEOs don’t like that cronyism is increasingly under the microscope

“The precipitousness of the political debate is a little scary right now,” said Jim McNerney, who served as chief executive of Boeing Co. until last year and as chairman until February, at a recent industry conference.

“Anti-business” and “anti-market” are 2 very different things.

Many feel frustrated these days. There is the sense that there is an agenda and that everyday people are not part of that agenda.

Many people have been under considerable economic pressure since the Crash in 2008,

Read More

45% of Americans pay no federal income tax

Meet Loot and Extortion.

Many people even actually get tax credits, that is money in their pockets from the money extracted from taxpayers by the IRS.

I have little problem with people not being legally obligated to pay taxes. Taxes should have minimal impact on people’s lives. The smaller the tax bill the better for everyone.

But some of us must pay taxes. Many of us who fall into this camp are by no means rich,

Read More

“It’s OK for someone illegally in the United States to be engaged in identity theft.” (According to the IRS Commissioner) – Rep. Louie Gohmert

(From The Washington Examiner)

Referencing a Washington Examiner report published on Tuesday, Gohmert said it was unacceptable that the agency refuses to verify Social Security numbers out of fear that it would diminish the number of tax returns submitted by illegal immigrants. “That’s the IRS director’s reasoning,” Gohmert said. “It’s OK for someone illegally in the United States to be engaged in identity theft.”

Other members emphasized the agency’s destruction of documents that had been requested by Congress in connection with its investigation into former IRS Commissioner Lois Lerner’s targeting of conservative groups.

Read More

How Virginia is screwing over bars, customers, and common sense (VA still has a lucrative monopoly on liquor sales, leftover from Prohibition)

The crony vestiges of the temperance movement (which was hijacked) still linger in The Old Dominion.

I am a proud Virginian. I live in Thomas Jefferson’s home town, Charlottesville. And on this day, TJ’s birthday, the birthday of a man who loved both spirits and liberty, we submit this video your review.

Read More