Archive for November 14th, 2007

Sofa King Crazy!

If you followed our exciting porch project, I should let you know the room is painted and ready, and we have a sectional sofa on order. We looked at a lot of sofas at a lot of furniture stores, but there’s one place we missed.

1 comment November 14th, 2007

Jo Stafford, Right Tonight For Temptation

Let’s hear some more Jo Stafford, in recognition of her 90th birthday, a couple of days ago. Here are two songs by Jo that were on the radio at the same time, in 1947, the year this picture was taken with Tommy Dorsey and somebody who I assume you recognize.

Tommy Dorsey, Frank Sinatra, Jo Stafford - 1947

Let the first one play through, then for contrast the second song will come in to give you an idea of her versatility.

6 comments November 14th, 2007

Hyannis Homeys

At the beginning of the year, the news was this:

Tax Cuts Offer Most for Very Rich, Study Says

By EDMUND L. ANDREWS
Published: January 8, 2007

WASHINGTON, Jan. 7 — Families earning more than $1 million a year saw their federal tax rates drop more sharply than any group in the country as a result of President Bush’s tax cuts, according to a new Congressional study.
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Families in the middle fifth of annual earnings, who had average incomes of $56,200 in 2004, saw their average effective tax rate edge down to 2.9 percent in 2004 from 5 percent in 2000. That translated to an average tax cut of $1,180 per household, but the tax rate actually increased slightly from 2003.

Tax cuts were much deeper, and affected far more money, for families in the highest income categories. Households in the top 1 percent of earnings, which had an average income of $1.25 million, saw their effective individual tax rates drop to 19.6 percent in 2004 from 24.2 percent in 2000. The rate cut was twice as deep as for middle-income families, and it translated to an average tax cut of almost $58,000.

And today the news is this:


Buffett Says Estate-Tax Repeal Would Benefit Richest

By Alison Fitzgerald and Ryan J. Donmoyer

Nov. 14 (Bloomberg) — Warren Buffett called on Congress to maintain the estate tax, saying that plans to repeal the levy would benefit a handful of the richest American families and widen U.S. income disparity.

Buffett, the billionaire chairman of Omaha, Nebraska-based Berkshire Hathaway Inc., told the Senate Finance Committee that advocates of repeal were “dead wrong” to call the levy a “death tax.”

It would be more appropriate to call it a “death present,” said Buffett, 77, who is the third-richest person in the world, according to Forbes Magazine. “A meaningful estate tax is needed to prevent our democracy from becoming a dynastic plutocracy.” Heirs to vast fortunes, he said, have already won the “ovarian lottery” and shouldn’t be further rewarded by the tax system.

But enough reading. Let’s watch a video!

Add comment November 14th, 2007


Recent Comments

  • Joan Stringer: Someone should do a study of people who have used computers from 1996 to the present, the time when...
  • Joan Stringer: Amen Sister Jeanie Beanie! This buyout would likely turn out to be like others-a windfall for the CEOs...
  • jeaniebeanie: How frustrating! We will be patiently waiting until you get that rhymes with “other” -...
  • Julian Higgins: Somewhere there is a warehouse with a bunch of Allison parts - m,dranges - tweeters. There are lots...
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  • Mark A. Worden: Hi Doug! It was wonderful to finally be able to hear these for the very first time–I never had...
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  • Joan Stringer: My favorite cartoons have always been of Bugs Bunny. I like the fact there are adult references to...
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