OK, no tech, so no phone. At least it’s quiet this way. I have a new repair ticket but no date. they will contact me the day before How, I asked? Well, email, if that’s all that’s available. (At least no one has tried to text to my landline yet tht I know of.)
Cartoon – Something I didn’t know … and not exactly as one would expect.
Short Takes –
Eight Takeaways From ProPublica’s Investigation of How Sports Owners Use Their Teams to Avoid Taxes
1. Billionaire team owners often pay lower federal income tax rates than their millionaire players — and sometimes even lower rates than low-paid stadium workers.
2. The tax rates for team owners are so low, in part, because the tax code allows them to write off almost the entire purchase price of their teams, a system experts say is detached from economic reality. This is called “amortization.”
3. Owners across the NFL, NBA, NHL and MLB reported incomes for their teams that are millions below their real-world earnings, according to ProPublica’s review of tax information, previously leaked team financial records and interviews with experts.
4. These amortization benefits allow team owners to transform real-world profits into losses for tax purposes, allowing them to avoid taxes not just on their team profits, but also on income from other ventures.
5. The losses team owners get to report because of their stakes in pro sports teams allow them to dramatically reduce their personal tax bills.
6. Even the team owner who pioneered the depreciation of player contracts in the mid-20th century called the maneuver a “gimmick.”
7. The tax code has evolved to allow team owners to write off a wide variety of assets beyond just player contracts.
8. Advocates for team owners point out that when owners sell their teams, they have to pay back the taxes they avoided by using amortization. The reality is more complicated.
Click through for explanations if you’re up to it. I love the expression in #7 “The tax code has evolved.” That, I think, is on Congress.
The Hill – Trump-allied GOP [state] chairs turn on fellow Republicans
Quote – For most of modern political history, a state party chair’s role has been confined to raising money and building an organization that can contact voters and elect candidates. Their job is much more often to promote those who win primaries than to wade in on behalf of a specific contender during those primaries. But in the age of Trump, some party leaders are as eager to talk about the perceived turncoats within their own ranks as they are to go after the opposition party.
Click through for detailed examples. It’s hard to say where this is going to go. My prayer would be that it takes us to a point where there is not enough gerrymandering in the world for Republicans tt take the House and Senate in 2022. But that’s just a hope. We have work in front of us.
Political Discrimination as Civil-Rights Struggle
Quote – This reveals the predilection among many young elite Americans for progressive authoritarianism, a belief system that justifies infringing rights to equal treatment or free speech in the name of the emotional “safety” of historically marginalized race, gender, and sexuality groups. In this left-modernist worldview, conservatives’ resistance to racial, gender, and sexual progressivism mark them as moral deviants. As Millennials take power, this generational earthquake is set to shake the foundations of the cultural elite to its core, leading to pervasive discrimination against, and censorship of, conservative views.
Click through for the rest if your stomach is strong, or, I would personally suggest, here for Wonkette’s take
Food for Thought
to Mitch.
