Posted on 03/26/2010 5:24:30 PM PDT by 2ndDivisionVet
May I be boring? Or, if you're a regular reader, more boring than usual?
Bear with me. There's some eye-glazing numbers and whatnot.
In 2003, Washington blessed a grateful citizenry with the Medicare prescription drug benefit, it being generally agreed by all the experts that it was unfair to force seniors to choose between their monthly trip to Rite-Aid and Tony Danza in dinner theater. However, in order to discourage American businesses from immediately dumping all their drug plans for retirees, Congress gave them a modest tax break equivalent to 28 percent of the cost of the plan.
Fast forward to the dawn of the Obamacare utopia. In one of a bazillion little clauses in a 2,000-page bill your legislators didn't bother reading (because, as Congressman Conyers explained, he wouldn't understand it even if he did), Congress voted to subject the 28 percent tax benefit to the regular good ol' American-as-apple-pie corporate tax rate of 35 percent. For the purposes of comparison, Sweden's corporate tax rate is 26.3 percent, and Ireland's is 12.5 percent. But just because America already has the highest corporate tax in the OECD is no reason why we can't keep going until it's double Sweden's and quadruple Ireland's. I refer you to the decision last year by the doughnut chain Tim Hortons, a Delaware corporation, to reorganize itself as a Canadian corporation "in order to take advantage of Canadian tax rates." Hold that thought: "In order to take advantage of Canadian tax rates" a phrase hitherto unknown to American English outside the most fantastical futuristic science fiction.
Ask yourself this: If you impose a sudden 35 percent tax on something, are you likely to get as much of it? Go on, take a wild guess.(continued)
(Excerpt) Read more at ocregister.com ...
Everything we "discover" about ObamaCare will be a horror in waiting... Steyn sees the future.
Looking good.
The SH**** part of remodeling kitchens and bathrooms is they get used and that always slows progress.
The swelling has gone down and I can read again...
Thanks
ping
What is magic jack?
Is that dial-up service?
http://www.magicjack.com/2/?mid=308001&a=55959&s=7
It’s VOIP “voice over internet protocol”
You need a broadband internet connection first, but it works great. I use vonage but should dump it for magic jack
Thanks for that!
A few years ago we tried to get a DSL signal but failed.
I should give it another try and see if they’re able to do it now.
Interesting he should mention Tom Horton’s. It seems to be the ONLY fast food establishment NOT to be booted out of military facilities in Afghanistan.
I haven’t tried DSL but cable VOIP works well.
Thanks for the ping. All we need now is the VAT tax...
No, it’s a Voice Over Internet Protocol (VOIP) similar to Vonage, but only $20/year (2nd and ongoing years) vs. $20/month. Bought it at Wal-Mart but it’s available other places and online. First year is free. It uses your high speed Internet to make calls, so long distance is free.
Works good?
Steyn nails it.
does magic jack really work?
Yes. Any problems I have are due to my ISP, not Magic Jack.
It works fine unless my ISP is on the fritz or down.
The re-model on your bath is taking shape! I did one a couple of years back.
Emerson Electric announced that they were moving overseas. The CEO said that the high cost of manufacturing in the U.S. and government over-regulation were driving them out of the country. This was a true American company that is over 100 years old.
He is on a mission to destroy the U.S.A.
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