Showing posts with label IRS. Show all posts
Showing posts with label IRS. Show all posts

Sunday, August 27, 2023

Quotes for Today

Some quotes I hope may resonate with you.

"Far more money has been lost bt investors trying to anticipate corrections, than has been lost in corrections themselves." - Peter Lynch

"The perfect day is caffeine for 10 hours, alcohol for 4. It balances everything out perfectly." - Marc Andreessen

"Perhaps the most powerful Tollean [Eckhart Tolle] insight into the ego was that it is obsessed with the past and the future, at the expense of the present." - Dan Harris

"When I say cut taxes, I don't mean fiddle with the code. I mean abolish the income tax and the IRS, and replace them with nothing." - Ron Paul

Wednesday, March 29, 2023

Linky Links

Stuff I found interesting or amusing and thought I'd share.

- Welcoming our new Chatbot Overlords.  People should recognize that there's a world of difference between AI (a tool) and AGI (Artificial General Intelligence) which is where sentience will reside. We are a long way from AGI.

- The Biden Administration's war on large appliances.

- The IRS visiting Matt Taibbi's home the same day he was testifying to Congress is not a coincidence. The weaponization of government is becoming more overt.

- Hollywood's Great Awakening. Little skeptical since Christian films are still "niche" in Hollywood but I would not be surprised about a general Christian awakening in America as many are in desperate need of community.

Friday, February 10, 2023

Linky Links

Stuff I found interesting or amusing and thought I'd share.

- Morgan Housel on Risk and Regret

-  IRS proposes new reporting program aimed at the tips earned by waiters and bartenders. This is crap. Unless it's a business expense I need to put in my expense report to be reimbursed I always try to give my tips separately in cash. This is why!

- Data from Medicare databases show each shot a person takes increases the risk of death. Our vaccine intervention has made things worse - not better.

- Hacking ChatGPT. I look at the hackers in this case as the "white hats."

Tuesday, November 29, 2022

Quotes for Today

Some quotes I hope may resonate with you.

"Most people would rather be mugged than audited." - Jordan Peterson

"I no longer listen to what people say, I just watch what they do. Behavior never lies." - Winston Churchill

"It is shocking how many journalists viciously attack free speech, but somehow think they're the good guys!" - Elon Musk

"There is no saint without a past, no sinner without a future." - Saint Augustine

Monday, April 05, 2021

Flotsam and Jetsam

Miscellaneous thoughts and observations.

Things that make you wonder - Doctor explains 99.3% of COVID-19 patients treated with Ivermectin recover in five days. Is this true? Why haven't we heard much more about this? Is it because Ivermectin can be bought for as little as $17 while the vaccines are generating billions for big pharma? If the Dominican Republic does have a lower death rate from Covid than the US then people should be made to answer for that... Why hasn't Taylor Swift commented yet on MLB moving the All-Star game out of Atlanta? What is she hiding?... To be honest about Ivermectin - you're not supposed to drink alcohol when taking it so I'll probably get the vaccine instead... The fact that Lois Lerner never faced any criminal charges for the way she ran the IRS is further proof that there are two sets of laws in this country... A couple of years ago the media reported breathlessly about a "tiger" running loose in Manhattan. That "tiger" later turned out to be just a raccoon. If that's not a near perfect example of the fear mongering and inaccuracy of the media then I'm not sure what is... 

Thursday, April 16, 2020

Flotsam and Jetsam

Miscellaneous thoughts and observations.

Just a reminder that CNN was kowtowing to Saddam Hussein and curbing any critical reporting in exchange for "access" prior to Operation Desert Storm. That's why I'm not surprised by CNN's complete ass-kissing of the Chinese Communists... Interesting historical comparison. Don't recall the US shutting down the economy for the Korean War (only being slightly sarcastic). HT Bryan Alexander... Yesterday was Tax Day and I didn't realize it till late afternoon. That's messed up... Heh Heh... If a college athletics director really wanted to cut costs (which will be a necessity after the Wuhan virus runs its course) the simple way would be to convince the administration to make all the bathrooms on campus unisex. The AD could then cut all women's sports and announce that the school would also only have "unisex" sports teams. All teams would be open to males, females, trans, whoever. That would be the "woke" power move (please note I'm not advocating this but I would love to see how certain people would react)... I'd give $100 to any reporter who asks California Governor Gavin Newsom when he thinks the porn industry can open back up. An extra $100 if the reporter casually mentions that people are getting sick of watching repeats...

Thursday, October 05, 2017

A Modest Proposal to Fix NCAA Sports

The sports world is waiting for the other shoe (or other sneaker in this case) to drop in the "NCAA basketball corruption scandal". So far 10 individuals have been charged with crimes by the FBI and a number of others have already lost their jobs including Louisville coach Rick Pitino (that's how Boston Celtics fans remember him looking like).

It is expected that some of the 10 already charged (maybe even all of the 10 already charged) will start "naming names" and when that happens - whoo-boy get the popcorn out! I mean who doesn't like staring at a good trainwreck? You've got shady AAU individuals, sneaker company money, coaches of flexible morals and University administrators willing to look the other way as long as the wins greatly outnumber the losses and the boosters are happy. All the makings of a great mini-series drama unfolding in real life.

Well I've got a modest proposal to fix this mess and it's quite simple and straightforward. Take away the tax-exempt status of college sports.

College sports is big business. Everyone knows this. Why not simply treat it as such? If colleges and universities had to pay taxes on all sports related revenue (ticket sales, TV and radio contracts, merchandise sales, etc) - which I argue is a very fair proposition - then IRS reporting and the rules that govern normal business behavior would take care of the rest. And by normal rules I mean little things like businesses actually paying their employees. 

There's an underground economy in college sports of AAU individuals, shady agents, crooked coaches and sneaker company employees all engaging in win at all costs behavior. Making college sports taxable will expose these dealings to the sunlight and at the same time get rid of the most unsavory characters (like a Rick Pitino - I hold a grudge). It would be similar to how legalizing pot in Colorado got rid of the midnight deal in Denny's parking lots and replaced it with well-lit storefronts with coffee and pastry (or so I've heard - haven't been to Colorado in a long time). 

Follow the logic to my argument. If college sports lost their tax exempt status then they would have to pay taxes and follow the IRS rules that every other business has to follow. This includes paying "employees" (aka "student-athletes"). If a student athlete was getting paid then there would no no reason for the best of them NOT to have an agent. Legitimate agents will send the sketchy guys now trying to make a buck back under the rocks from whence they slithered.

You could even sell this politically. Say that the monies raised from taxing college sports will specifically be used to fund military personnel taking advantage of the GI College Bill with any excess funds being used to pay down the national deficit. 

So let it be written. So let it be done.