Archive for August 11th, 2008

Hmmm – If you’re going to cheat …

August 11, 2008

The mainstream media (MSM)  has been criticized (from the right) for hushing the Edward’s story during his run for the Dem presidential nomination.

The MSM dismisses charges of political bias and answers that the Enquirer (which broke the story) has low journalistic standards, that newsroom cutbacks have left the MSM understaffed, and — my favorite — that Mrs. Edward’s serious health situation evoked story-burying sympathy.

According to the Washington Post:

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The Lesson from the Edward’s Affair:

If you’re a high profile politico with a healthy wife, don’t cheat on her or the press will rat you out. 

If you’re a high profile politico with an unhealthy wife, not to worry, the press won’t rat you out — out of sympathy for your ailing wife.

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Side note: The public editor of the NY Times assured readers that liberal bias had nothing to with his paper’s refusal to run the story … and asserted that the Times front page story reporting a factless rumor of a McCain affair is not a moral equivalent. 
http://www.nytimes.com/2008/08/10/opinion/10pubed.html?_r=1&scp=1&sq=mccain%20affair&st=cse&oref=slogin

I guess because Cindy McCain is healthy …

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Taxes – Those poor folks living in New Jersey …

August 11, 2008

Well, based on data from the Tax Foundation, it’s really the rich folks living in NJ (and NY, CT, MD, and HI) that have the problem: they pay the highest state and local taxes in the country — a point or two higher than the national average 9.7%.

Add that to the federal income tax rate — with a top bracket rate of 35% that’s possibly going to 39.5%; Social Security & Medicare “contributions” that total 15.3% for the  first $102,000 in income (counting employers’ matching payments) … and you’re suddenly talking real money.

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Reminder: State & Local taxes are disallowed “preference items” when folks calculate their Alternative Minimum Tax

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click table to make it bigger

click table to make it bigger

click table to make it bigger

click table to make it bigger

Adapted from:Tax Foundation data:
http://www.taxfoundation.org/taxdata/show/336.html 

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