BRIEF REMINDER FOR THOSE WHO FORGOT

Hello 2015,

As a brief reminder for those who forgot or for many that didn’t know. Here is what happened, quietly, on January 1, 2015:

Medicare tax went from 1.45% to 2.35%

Top Income tax bracket went from 35% to 39.6%

Top Income payroll tax went from 37.4% to 52.2%

Capital Gains tax went from 15% to 28%

Dividend tax went from 15% to 39.6%

Estate tax went from 0% to 55%

A 3.5% Real Estate transaction tax was added.

 

If you think that it is important that everyone in ...

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Sen. Campbell Files Taxpayers Savings Grant Bill SB 276

From the office of Senator Campbell, Austin TX.

Provides Every Child Equal Access to a First Class Education, Removes Barriers for Parents to Choose the Best School for their Child.

 

Austin– Following through on her pledge to make education reform a top priority, today State Senator Donna Campbell filed SB 276 to provide every Texas school child with equal access to a first class education and remove barriers that prevent parents from choosing the best school for their child.

 

“We have a moral ...

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Doing Nothing to Fix Homelessness Comes With Unexpected Costs for Americans

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The study found that it would cost taxpayers just $10,051 per homeless person to provide permanent housing, as well as services like job training and health care. This means that if central Florida took the permanent supportive housing approach, it could save $350 million over the next decade.  Looming over these studies that can theoretically salvage collapsing state budgets are earlier studies claiming that homeless people are content with their lot.

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ILLINOIS’ ‘OBESITY EPIDEMIC’

Better Government Association(BGA), President Andy Shaw debates examines Illinois’ “obesity epidemic”, which means Illinois’ abundance of taxing bodies. Illinois’ unique local government structure significantly contributes to its excessive property taxes, which rank as second highest in the U.S. and the state’s out-migration problem. Also, the excessive three layers of local government often leading to a replication of services and higher costs for taxpayers contribute to Illinois’ high corruption rate.

See article to read more.

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Welfare Rate Exceeds the Employment Rate in 11 States…

These 11 states, as shown in the picture above have a shocking common fact, that their welfare rate exceeds their employment rate! As of the 2012 report by the Senate Budget Committee, the average U.S. Household below poverty received $168.00 a day in government support, where in contrast the average household income adds up to $137.13 a day. The support includes food stamps, housing support, child care, Medicaid and other benefits. In conclusion, citizens on welfare receive $30.87 more than ...

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You Might Be A Millennial If…

Does the iPhone4 make you feel nostalgic? Is LinkedIn your current rolodex? Using Zillow as your official real estate agent?

Born between the years of 1980-1999, America’s Gen Y (otherwise referred to as Millennials)  has certainly grown up in a world dominated by technology and have drastically changed social, political, and professional worlds. “We’re living in an age of  networks, not hierarchies; knowledge and wisdom is distributed rather than concentrated amongst gray hair.” – Fast Company

The better you understand the shifting ...

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The IL Pension Reform Bill Explained

Illinois democrats proposed a potential fix for the Illinois pension crisis. Illinois currently has the largest unfunded pension debt in the US and the worst credit rating. Though proponents claim that the deal will save the state $160 billion dollars over the next 30 years, opponents of the bill claim that the deal is an attack on unions and is illegal. See Article 1 to read more on the pension deal.

 

“While top legislative leaders of both parties here say ...

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The Most Dangerous Urban Legends

What do you think of when you hear the term “urban legend”? Alligators swimming in the sewers under the streets of New York City? The threatening call the babysitter gets that is coming from inside the house? While these are famous, while false tales, possibly the most chilling urban legends are those that exist in our society about how things operate in our country. What makes them the most dangerous kind of urban legend is that they sound more believable ...

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