$45k/yr is the “New Rich”

November 29, 2012 § 4 Comments

Implemented in 1969 to make sure upper-income Americans pay their share of taxes, the AMT has increasingly snared more middle-income Americans over the years because it was never indexed for inflation.

During the 2011 tax year for example, the higher tax hit single taxpayers with incomes as low as $48,450 and joint filers making only $74,450.

But millions more Americans could be subject to the AMT in their 2012 returns if Congress fails to reach a deal on the fiscal cliff before year-end. That’s because the AMT is currently scheduled to hit individuals making as little as $33,750 a year and joint filers making $45,000.

via CNBC.

Being married and making over $45,000 a year is the “new rich.”

Incredible.

2/3 of Millionaires Avoid 50% Tax Rate

November 28, 2012 § Leave a comment

Two-thirds of millionaires left Britain to avoid 50p tax rate

Almost two-thirds of the country’s million-pound earners disappeared from Britain after the introduction of the 50p top rate of tax, figures have disclosed.

via Telegraph.

Shhhhh…  This is a secret.  No one tell the U.S. media.  They think the “rich” will just stay and give Obama all their money.

A General Lack of Regard for Einstein’s Brain

November 27, 2012 § Leave a comment

There’s a story about Einstein’s brain over at the Washington Post.  It’s your basic nature vs. nurture about how this guy got to have this unique piece of gray matter between his ears.

It appears quite a few Wash. Post readers don’t think much of Ol’ Albert or his accomplishments.  One particular genius wrote:

He didn’t invent, or come up with, relativity. That has existed since time began … he was the person that first -realized- it existed and then fashioned working mathematical relationships to describe it. If it wasn’t Albert Einstein, it would have been someone else that first put 2 and 2 together ….

Brilliant!!  Because yes, yes, the work Einstein did is really nothing more than 2 + 2.

This leads another commenter to write something I’ve thought for a long time:

So amusing to read the pronouncments of our typical modern day (Obongo supporting) clueless clowns with a little knowlege passing judgment on one of mankind’s greatest thinkers. Utterly underserved confidence in the most meager of abilities has been the only discernible triumph of the US liberal dominated dysfunctional education system in the last 50 years.

via The Washington Post.

The combination of arrogance and ignorance is very dangerous and  has infected a significant portion of the population.  People — you know who you are — have become so enamored with themselves that they either cannot or simply refuse to see real genius in others.

I’ve taken four college semesters of calculus ending with differential equations.  These classes would not begin to cover the mathematics that Einstein did without the assistance of a computer or even a hand-held calculator.  To imply that just anyone would come along and discover 2 + 2 shows just how little the average person walking down the street actually knows about math.

It’s very very sad.  Ignorance is truly bliss; but at least years ago people knew enough to keep their trap shut when they didn’t know anything.

China To Build World’s Tallest Building In 90 Days

November 27, 2012 § Leave a comment

It all started simple enough.

Six days. That’s how long it took to build this level 9 Earthquake-resistant, sound-proofed, thermal-insulated 15-story hotel in Changsha, complete with everything, from the cabling to three-pane windows. The foundations were already built, but it’s just impressive.

While still in basking in the glow of success the same group decided to up the stakes a little …

 

The hotel is so solid that it can resist a 9 magnitude earthquake, as tested by the China Academy of Building Research (there’s a scene in which you can see the testing process, at 1:49). They claim this is five times more earthquake-resistant than conventional buildings.

The company also says that it is five times more energy efficient, with 6-inch thick glass curtain wall insulation and four-paned windows with built-in shades, a heat recovery system and 3-stage filtration air conditioning process that purifies indoor air to be 20 times purer than the air outside. They even have air quality monitoring in every room which, given the pollution problem in China, seems to be an important selling point there.

 

 

I guess since the two proof-of-principles have worked out it’s time to go straight to the head of the class.

According to its engineers, this will be the tallest skyscraper in the world by the end of March of 2013. Its name is Sky City, and its 2,749 feet (838 meters) distributed in 220 floors will grow in just 90 days in Changsha city, by the Xiangjiang river. Ninety days!

via Gizmodo.

For those too lazy to click, the magic here is that the building is pre-fab.  Not so much like a trailer but more like a very cool and very complicated erector set.  There’s video at the second link.

If this project goes off it will be time to seriously think — or re-think — about how we build things.  This technology appears to be something incredible.  Something we should be using here.

Racists Blacks Fret About Sole White Lady

November 27, 2012 § Leave a comment

Black leaders are growing increasingly worried that a white candidate might seize the seat of former Democratic Rep. Jesse Jackson in the upcoming Illinois special election.

With a host of black candidates announcing their intention to seek the seat, the concern is that they could split the African-American vote and provide a plurality to a white contender. The worries escalated this week after former Rep. Debbie Halvorson, a white Democrat and veteran of suburban Chicago politics, threw her hat into the ring.  …

“There’s a great deal of concern that Debbie Halvorson would win because the black vote would be split 18 ways,” said Delmarrie Cobb, a longtime Democratic political consultant in Chicago who formerly worked for Jackson Jr.“The battle we have is that we can’t afford to lose a black voice in Congress,” she added. “It would be a terrible loss in many ways.”

via POLITICO.com.

Where’s MLK or even Malcolm X when we need them?

It’s just so sad.  I fear we’re heading backwards.  This attitude is not going to help blacks and whites get along.  It’s politics of division.  It’s only making the problem worse.

Everyone Wants a Drone – Zero Concern For Your Privacy

November 27, 2012 § Leave a comment

Are unmanned aircraft, known to have difficulty avoiding collisions, safe to use in America’s crowded airspace? And would their widespread use for surveillance result in unconstitutional invasions of privacy?

via SFGate.

Yes, and no seem like pretty straightforward answers to these questions.

But the elected idiots who man the Congressional Unmanned Systems Caucus have taken over $8 million in campaign contributions from drone developers.

So do you feel safe yet?

 

 

Black Friday Gun Sales Hit New Record High

November 27, 2012 § Leave a comment

Black Friday gun sales hit an all time record high last week with demand for new firearms so overwhelming that it caused outages at the FBI background check center on two separate occasions.

Fueled by fears that the Obama administration will go after gun rights during a lame duck term, the FBI reported 154,873 background check requests on Friday – a 20 per cent increase on last year’s record total of 129,166 checks.

via Infowars.

Good time to be in the gun manufacturing business.

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