Another day..random notes
I am workign on part two of my post history of 2003. If you think part one was ugly, you have just begun the ride. Am I being pessimistic? Yes, because this is supposed to be a worst case scenario. It's the bad side of what could happen. Is some of it far-out? Of course, any worst case scenario will have elements that are hard to swallow. That's the way history works.
In other notes, President Bush wants to abolish the Dividend Tax. The White House has stated that the average American would see a $1083 tax cut from the economic stimulus package.
Lets test just the dividend numbers based on IRS numbers:
| Total Income |
# of returns |
Gross Dividends |
Div Per Return |
| <$50,000 |
15 M |
$26.9 B |
$1793 |
| $50-100,000 |
10 M |
$27.1 B |
$2710 |
| $100-200,000 |
4.8 M |
$23.8 B |
$4958 |
| >$1,000,000 |
200,000 |
$25.4 B |
$127,000 |
So this shows that the 200,000 wealthiest Americans will get the benefit of tax savings that are more then sixty times the savings of people making less then $50k. I will let you draw your own conclusions. Would I love the Unemployment money? Yes, it would go a long way to getting me through school.
My other thought for the say is that I walked into a Frye Music store today and was shocked by the prices. If the Music Industry wants to bring consumers back, charging $18 for a CD. Frye also had the worst prices I have seen for DVDs. Most of the new releases were priced at over $22. I have one question, who the hell buys from them?...mj
7:32:23 PM 
|
|
