Posts Tagged ‘unemployment’

Ignorance of the Tax law is no excuse

Posted: January 2, 2011 by datechguy in economy, opinion/news
Tags: ,

After recovering from the biggest Christmas open house ever I called my brother who had missed the party and inadvertently found out that I have some work to do ASAP.

Back when I owned a business decades ago I paid what was called quarterly wages, basically estimated tax payments.

Well I don’t remember how it came up (then again after a party that started at 2 p.m. and ended at 4 a.m. anything I remember today is a big bonus) but this also applies to individuals, that is: if you haven’t paid the vast majority of tax due the previous year by Jan 15th or so you pay an additional penalty.

Given the California IOU’s business (and just being broke) I suspect a lot of people didn’t have taxes deducted from unemployment. Given the massive amount of unemployment in the country, there are likely going to be millions upon millions of people getting a nasty tax penalty at the time they can least afford it.

For those who considered their unemployment “fun-employment” the party is about to end.

It looks like I should have bid lower on this flight rather than just looking for a good price since with under 45 minutes to its departure the gate area is practically empty.

The free Logan wi-fi for the price of watching one 70 second ad is a deal to my liking as is the pleasure of viewing humanity. I finished Pam’s book on the drive and am now starting The Man who shot the Man who shot Lincoln. I suspect I’ll finish this before the week is through.

Meanwhile while I wait for a plane yet another factory closes thanks to democrats and their green friends:

What made the plant here vulnerable is, in part, a 2007 energy conservation measure passed by Congress that set standards essentially banning ordinary incandescents by 2014. The law will force millions of American households to switch to more efficient bulbs.

The resulting savings in energy and greenhouse-gas emissions are expected to be immense. But the move also had unintended consequences.

Rather than setting off a boom in the U.S. manufacture of replacement lights, the leading replacement lights are compact fluorescents, or CFLs, which are made almost entirely overseas, mostly in China.

Gateway pundit gets to the raw numbers:

212 democrats voted for this bill. 178 Republicans voted against the bill.

With those kind of numbers the attempt to generate fear of a “tea party congress” is unlikely to work. Particularly if Republicans promise to repeal this nonsense, that’s called actually saving jobs.

We get the government we deserve, right now the people believe they deserve better.

Memeorandum thread here.

You know after almost 2 years…

Posted: July 24, 2010 by datechguy in personal

you would think the rejection e-mails would not depress you.

since it will mean 17 weeks grace and at least 2 months more of bills being paid before the hole begins why am I worried about this?

Democrats have stripped the unemployment insurance measure down to the bare essentials for Tuesday’s vote, which is a do-over of a tally taken late last month.

With West Virginia Democrat Carte Goodwin poised to claim the seat of the late Robert Byrd, two Republicans will be needed to vault the measure over the filibuster hurdle. Maine GOP moderates Olympia Snowe and Susan Collins are expected to provide the key votes to create a filibuster-breaking tally on a key procedural test.

Sweetness and light points out the GOP position:

As we have repeatedly said, the Republican opposition was on two points. One, that the benefits should be paid for, as is required by Mr. Obama’s imposed ‘PAYGO’ rules. Such as using some of the unspent ‘stimulus’ money in Mr. Obama’s ‘stash,’ which was indeed supposed to go for such things as unemployment benefits.

I won’t deny the money will be very helpful but there is nothing wrong with paying for this, after all every one of you who is working or running a business is paying for those benefits I will receive.

At the Huffington Post the very idea shocks them as evidenced by the headline:

Unemployment Extension: The GOP’s Unprecedented Deficit Demands

They are right about the history, but the scandal here is that the demands are unprecedented. Perhaps if they had been made decades before there would be more money available for relief.