Tag Archives: Taxes

Exit Interview pt. 2

A continuing examination of the Presidency of Barack Obama… partisanship is kept to a minimum, but the issues raised are the opinions of Practically Historical and its staff.

Another lecture

Another lecture

The Bad…

 

The clean energy conundrum:  Obama’s attempts to be the first “Green President” cost the tax payers hundreds of millions of dollars in bogus subsidies  and crippled traditional industries(costing thousands of jobs) with an undeclared war on the coal industry.   Considering that the United States accounts for less than 15% of the world’s CO2 emissions, Obama’s policies were decidedly ideological and at odds with the majority of the American people

 

Minding the store:  The 24 hour news cycle brings local stories national attention, completely skewing proper perspectives.  Obama’s seeming need to insert himself in local and state matters often blurred the lines of Federalism and confounded attempts at reforming law enforcement.  The “beer summit” and professed paternal bond with Trayvon Martin did more to divide the public than promote understanding.  Obama’s image evolved into that of lecturer-in-chief, castigating the public for what he considered their ignorance.  on matters of race, religion, and tolerance.

 

Selective Enforcement Syndrome:  Despite being declared “scandal-free” by partisans, Obama’s Justice Department was plagued by insidious ideological application of the law.  The half-hearted investigation of  IRS officials  targeting Conservative groups with audits and denying non-profit status based on ideology concluded without a single indictment; conversely, Attorney General Loretta Lynch promptly responded to Congressional Democrats demanding an investigation into secret videos of Planned Parenthood officials leaked by a pro-life group.  The DOJ refused to pursue any charges in the botched DEA operation called “Fast and Furious.” 

Another round was needed

Another round was needed

 

Next time–  The Ugly

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Death, and Pocket Change

Some perspective on tax day….

  • At the original tax rates established in 1913 after ratification of the 16th amendment, only 1% of the population paid federal income tax
  • Single filers paid taxes on every dollar after $17,000 and married couples after $20,000 –   Adjusted to today’s dollars, that is $374, 440 for individuals and $440,400 for couples
  • The top marginal rate in 1913 was 7% and applied to incomes over $500,000 – adjusted to today’s dollars that would be $11.1 million 
  • Top to bottom ratio in 1913 was 7:1  or 7%- 1%
  • In 1980, the top to bottom ratio was 70%-11%   (roughly the same disparity) 
  • Currently, top to bottom is 35%- 10%
  • Under the current brackets, individuals are only exempted $9,350 and couples $18,700 – – adjusted percentages from 1913 would be $66,100 for singles and $88,100 for couples

    I want you…with less exempt income

Leave a comment

Filed under News, Uncategorized

Death, and Pocket Change

Some perspective on tax day….

  • At the original tax rates established in 1913 after ratification of the 16th amendment, only 1% of the population paid federal income tax
  • Single filers paid taxes on every dollar after $17,000 and married couples after $20,000 –   Adjusted to today’s dollars, that is $374, 440 for individuals and $440,400 for couples
  • The top marginal rate in 1913 was 7% and applied to incomes over $500,000 – adjusted to today’s dollars that would be $11.1 million 
  • Top to bottom ratio in 1913 was 7:1  or 7%- 1%
  • In 1980, the top to bottom ratio was 70%-11%   (roughly the same disparity) 
  • Currently, top to bottom is 35%- 10%
  • Under the current brackets, individuals are only exempted $9,350 and couples $18,700 – – adjusted percentages from 1913 would be $66,100 for singles and $88,100 for couples

    I want you…with less exempt income

Leave a comment

Filed under News, Uncategorized

Ramblings of an Antiquated Mind

Back home where you belong….

  • Here’s hoping all the reenactors are feeling better after Gettysburg 149….it wasn’t 103 in July of 1863
  • Gettysburg 150 is going to be the biggest reenactment of all time
  • See you all at Gettysburg 150 !
  • Reenactors are a gateway to our past
  • Is money made through investments really “worked for” ?
  • Rich people invest, the rest of us play the lottery
  • Pitting rich vs. poor is considered ‘dirty politics’ by the Republicans….if it succeeds, do we call it dirty?
  • All this talk about people making less than $250,000 per year, what about the people who make less than $50,000?
  • “Job creators” have had low tax rates for a long time….any time now fellas…
  • The “Save our Schools” movement is not a reform group, it is fighting for the status quo
  • Diane Ravitch is no longer a school reformer, she has become a union steward
  • Saving our schools cannot happen without reform
  • Charter schools are vital to that reform
  • America needs a vacation
  • Too bad the Europeans are using all our days…..

Gettysburg skies and Hancock

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