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taxtherapy

  1. Never appreciated Brahms until I heard Michelangeli's recording of the Ballades. Plenty of recordings on youtube.
  2. Moments when art lit my life's path: Pollock's Autumn Rhythm; seeing The Kids Are Alright; Eliot's English; Wings of Desire; Met's Dutchman
  3. Wish Bugs Bunny had performed every opera, not just Seville and Tannhauser. For some reason Sinopoli's Dutchman overture made me think of it
  4. $8K homebuyer credit allows you to choose btwn 2 tax years, so if income is above threshhold in one perhaps you can claim on the other.
  5. Radu Lupu is a Hungarian bear with the softest paws. Listen to his Schubert Impromptus. The left hand in the Gb surpasses gorgeousness.
  6. At least 5 US-release movies about S Africa soon/recently - Dist 9, Disgrace, Invictus, Endgame, Skin. World-Cup related or coincidence?
  7. Berlioz's Sym. Fantastique is second only to the Beeth 9 for me. Many great recordings, but Muti's with Philly in 1980s is really special.
  8. CA Assembly has not yet discussed recent proposed overhaul of CA tax system. Both libs and cons are critics of plan, which is intriguing.
  9. HR 3408, in committee, requires 1099-Miscs for Corps, and removes "industry practice" safe harbor provision for classifying ind contractors
  10. CA wage withholding to increase by 10% starting this week. Excess payments will mean larger refunds next spring. Sad "state" of affairs.
  11. @thebrokemba hey thanks for the info. and congratulations.
  12. Brookings: 80% receiving $8K homebuyer cred would have bought anyway. $13.8B in lost rev will come from other taxes. Wisest choice?
  13. Overlooked deductions, from Kip. http://is.gd/4Mk7W My fav: Non-itemized prop tax, likely for homeowners w/o mrtg (often elderly).
  14. Important provision in proposed homebuyer credit extension: A $6,500 credit for current homeowners. Prior credit limited to 1st-time buyers.
  15. @girlunderatree Xllent compromise. "Render unto Twitter the things which are Twitter's...."
  16. Tension btwn Tweets and Jesus: Christians compelled to take Christ out of Xmas to follow Twitter 1st Commandment--Thou shalt stay within 140
  17. Looks like $8K homebuyer credit will be extended through 4/2010, with higher income caps. Full Senate vote later this week.
  18. Tax Policy Center: In 2006, top 400-income taxpayers (avg $266m) had avg tax rate of 17%, same as taxpayers in $50K-$75K range.
  19. @JodyPadarCPA Top-bracket TP w/self-emp spouse @ $100K net. $50K salary, $50K profit/div generates less tax than sole prop or S Corp.
  20. @JodyPadarCPA Tax math for C Corp usually not favorable. But higher inc tax rates could make corp tax + div a better alternative for some.