Sunday, October 31, 2010

Tax Brackets (Federal Income Tax Rates) 2000 through 2009 and 2010

Tax Brackets (Federal Income Tax Rates) 2000 through 2009 and 2010: "Your tax bracket is the rate you pay on the 'last dollar' you earn; but as a percentage of your income, your tax rate is generally less than that. First, here are the tax rates and the income ranges where they apply:"

Comments: In case you were wondering what is happening to your money.

Sunday, October 17, 2010

288,000 homes seized in quarter - Washington Times

288,000 homes seized in quarter - Washington Times: "Lenders seized more U.S. homes this summer than in any three-month stretch since the housing market began to bust in 2006. But many of the foreclosures may be challenged in court later because of allegations that banks evicted people without reading the documents.

A total of 288,345 properties were lost to foreclosure in the July-September quarter, according to data released Thursday by RealtyTrac Inc., a foreclosure listing service. That's up from nearly 270,000 in the second quarter, the previous high point in the firm's records dating back to 2005."

Comments: Do any of us know where this is heading? Is it wise to prepare by getting out of debt even if one is currently solvent? I think so. Debt is a killer in economic downturns and we may have further to go. Being out of debt is always good anyway.

Tuesday, October 12, 2010

Economic Thoughts (from somewhere)

1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

2. What one person receives without work, another person must work for without receiving.

3, The government cannot give to anybody anything that the government does not first take from somebody else.

4. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work, because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation

5. You cannot multiply wealth by dividing it.