9-9-9

So Herman Cain is the man of the hour right now. Seems that he has all the answers or at least comes across as having a plan. I like the idea that we should and must simplify the tax code. But, will his plan work?

Here is part of an ongoing email conversation I am having with a friend:

But lets take a look at this scenario: Lets say a small family company earns 100,000, at 9% pays 9000.00. The company actually has cost of goods expenses of 50000 (this does not include fringe benefits) so the real tax is 18% on the net income. But what about improvements? If they have a cost of improvement at 25000 then cost of goods 50000 the tax would equals 36% on the 25000 net income. And then the owner has take home income of 25000 which is taxed 9%= 2250 so now we are at 45%. Then this small family spends the 25000 @ 9%=2250. So now the the tax is 54%

I understand also that he wants to do away with the property tax exemption for churches and charities.

So...input anyone?

Steve Jobs is gone

I use a PC with Windows. I don't own a Mac, and IPad or an IPhone but I like the philosophy of the man who made them famous.


"No one wants to die. Even people who want to go to heaven don’t want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new. Right now the new is you, but someday not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it is quite true.

Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma — which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary."

"Remembering that I'll be dead soon is the most important tool I've ever encountered to help me make the big choices in life. Because almost everything -- all external expectations, all pride, all fear of embarrassment or failure - these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart. ... Stay hungry. Stay foolish."

----Steve Jobs



He wisdom will live forever.