IRS data shows that in 2007 — the most recent data available — the top 1 percent of taxpayers paid 40.4 percent of the total income taxes collected by the federal government. This is the highest percentage in modern history. By contrast, the top 1 percent paid 24.8 percent of the income tax burden in 1987, the year following the 1986 tax reform act. Remarkably, the share of the tax burden borne by the top 1 percent now exceeds the share paid by the bottom 95 percent of taxpayers combined. — The Tax Foundation Read more →
Author Archive: Paul Epps
Stick a Fork In It
As reported in the American Journal of Clinical Nutrition yesterday, the British-commissioned survey, which took its findings from 55 studies made in the past 50 years, claims that eating organic food “will make no important difference to a persons overall health.” — OC Weekly This will come as a blow to the idiots standing in line at Whole Foods to pay 10 dollars for a slice of cheese . . . Read more →
Twitter: 2009-07-29
Judgmental people suck # My 16yo son's visiting cousins in Australia. He tells his mom to stop calling every day. “People will think I’m a baby.” # Read more →
I’m Killing It on Amazon
I’m explaining to my wife how being an Amazon.com associate works . . . “If I mention a book on my web site, I link it to the book’s page on Amazon. Then if someone clicks through on the link and buys something, I get a small commission.” She loves money-making enterprises. “How much do you make?” she asks excitedly. “It’s around four percent, which usually amounts to around 5 or 10 bucks a year.” “Oh,” she says, rapidly losing interest. “But look,” I say, showing her my online associate report. “Last month, someone clicked through on one of my links and while they were on Amazon, they bought a very expensive camera lens and I got the commission on it: 18 dollars and 48 cents! We could dine out on burritos and beer with that kind of money!” “That’s wonderful!” she says. “Can you print that out so I… Read more →
Twitter: 2009-07-28
A Lesson in Mystique: http://bit.ly/p0zCr # Called my boy to say Happy Birthday. It's not till tomorrow but he's in Australia, where it's already tomorrow. # Read more →
My Son Turned 16 Abroad
I called my son to wish him a Happy 16th Birthday. His birthday is actually tomorrow but he’s in Australia visiting his cousins for a couple of weeks and in Australia, it’s tomorrow already. When I called, he was at a train station with his cousin Lizzie — well, I’ve always called her Lizzie but she’s 19 now and may prefer Liz. They were waiting for the train to go to Bondi Beach for the day. Happy birthday kid. Miss you . . . Read more →
A Lesson in Mystique
Before I go, lemme give you a lesson in mystique. (Holds out a cigarette lighter in one hand and closes his other fist.) You can only have one. Which one do you want? As long as you can’t see what’s in this hand (shows closed fist), you’ll always want it more. — Almost Famous Read more →
Unicorn Dust and Pixie Wings
Donald Marron points out that another one of those great cost-saving ideas in the healthcare debate (the Independent Medicare Advisory Council) has taken a hit: CBO estimates that the proposed legislation would save a paltry $2 billion over the next ten years, less than 1/500 of the 10-year cost of health reform. Damn that CBO! They keep killing all these great ideas with, like, analysis and numbers and all that stuff. Everything would work out just fine if only they would close their eyes, click their heels together three times, and say, “There is no policy like reform…there is no policy like reform….” — Greg Mankiw Read more →
Trust
I tend to distrust power unchecked by competition. This makes me particularly suspicious of federal policies that take a strong role in directing private decisions. I am much more willing to have state and local governments exercise power in a variety of ways than for the federal government to undertake similar actions. I can more easily move to another state or town than to another nation. (I am not good with languages.) — Greg Mankiw Read more →
Twitter: 2009-07-26
Party host is serving 7&7s. I drink two. Nothing. "Make the next one a double." Nothing. Worst drink ever. # @penelopetrunk oh that is not true. see http://kicklikeagirlmovie.com in reply to penelopetrunk # Read more →
Buying Dog Food
At Trader Joe’s, buying a bag of Holistic Natural Canine Formula, whatever that is. The dog seems to like it. The checker asks me, “Do you want a bag for the cat food?” I say, “Yes, but it’s actually dog food.” “Oh sorry,” he says. “I saw ‘canine’ and I guess I thought ‘feline.’” “There’s a picture of a dog right on the bag,” I say. Read more →
Twitter: 2009-07-23
RT @KathySierra: Don't learn PPT/Keynote, learn how the brain works. Learn storytelling. Study filmmaking. Apply learning theory. Inspire. # RT @OCWeekly: A very special OC Weekly farewell to Gidget the Taco Bell chihuahua http://tinyurl.com/n6k4mq # Thank God it's Friday! Wait — what? # Read more →
A Different Person
Our son’s flying to Australia for a couple weeks to visit his cousins . . . I’m talking to people at LAX in a fake Australian accent. My Australian accent is not all that tight except on words with a long “a” sound, which I replace with a long “i” sound, e.g., “mate” becomes “mite.” “Sorry, mite,” I say, as I roll a suitcase over a gentleman’s foot. “Did you just say what I thought you said?” my son asks. “When you travel,” I explain, “you can be a whole different person.” We take the bags over to the baggage scanner. I know we don’t have to wait for them but since “wait” has a long “a” sound, I ask the woman, “Do I ‘ave to white?” “No,” she says. “Jus’ drope i’ oaf then?” I ask. “Yes,” she says. Read more →
International Cuisine
We’re dropping our 15-year-old son off at LAX. He’s flying to Australia for a couple weeks to visit his cousins. He’s explaining his theory of international cuisine, which is that there’s not going to be any Mexican food in Australia because there are no Mexicans in Australia. On the other hand, they probably have New Zealand food that those of us in the States have never heard about. “That’s why it’s important to travel,” I say, “so you can learn about things like that. Or you could just stay home and watch the Travel Channel.” Read more →
California Fiscal Crisis
The median wage of a California state employee is $66,000 (source). The median wage among all Californians (including those state workers) is just over $36,000. The state employee can retire with a full pension in his or her late 40s or early 50s, which essentially means that the taxpayers have to pay for double the number of state workers that are required to provide current services. In addition to salaries that are much higher than private sector equivalents, the state employee has health care and other benefits that by themselves may exceed the total compensation of a full-time private sector employee. The reasonable question to ask is not “How did they run out of cash?” but “How was this ever supposed to work?” — Philip Greenspun Read more →
Twitter: 2009-07-21
We are to admit no more causes of natural things than such as are both true and sufficient to explain their appearances. — Isaac Newton # Read more →
Roller Babies
Low-End Wealth
Flying back to California from the east coast, I sat next to one of about 60 kids coming back from a three-week tour of Europe to celebrate their graduation from an Orange County high school. “You guys must be rich,” I said to her, “traveling around Europe for three weeks.” “We’re on the low end of wealthy,” she said. She put her hand out in front of her, palm down — not too high — to indicate her standing on the wealth ladder. Read more →
Good Advice
Twitter: 2009-07-20
RT @RonJeffries: I can waste time in so many ways. How can I monetize this skill? # You don't hear a lot of FORTRAN jokes from cats – RT @sockington: 10 MEOW 20 GOTO 10 # Showed this video at an IT team meeting this afternoon. Good discussion on teamwork ensued. http://bit.ly/EAA0 #kicklikeagirl # Read more →