January is the month for Bluefin tuna fishing off the North Carolina coast. These giant fish can weigh up to 600 lbs. and measure 8 ft. and they are the mainstay of the sushi trade in the far east.
A single average Bluefin can bring as much as $2,500.00 on the wholesale market. No wonder fishermen flock to the NC coast in January. A Bluefin outing in the Atlantic in January can be quite a trip, literally.
Thursday, January 31, 2008
Wednesday, January 30, 2008
Income Tax Time
Its income tax time and two delinquent cases are in the news. One guy in Virgina, reportedly worth about 30 million was convicted of income tax evasion and sentenced to a year and a day in prison. His lawyers asked for home detention and the maximum was about 10 years. The other case involves Wesley Snipes, movie star, who is accused to not reporting 38 million in income over a period of about 5 years.
I wonder what would happen if an ordinary person with average income and a family failed to report income? Nothing much happened to Marion Berry or Elinor Holmes Norton for failing to even file tax returns. I file my tax return every year, on time, because I fear the IRS and going to jail. I think everyone should pay their fair share, but what is fair? Is it 10%, 25%, 28%, 30%, 35%, or even more? One thing is very clear to me, the income tax laws in the US are much too complicated, more complicated that they need to be. All political candidates ever talk about is raising or lower tax rates, very few talk about making the tax laws simpler.
I wonder what would happen if an ordinary person with average income and a family failed to report income? Nothing much happened to Marion Berry or Elinor Holmes Norton for failing to even file tax returns. I file my tax return every year, on time, because I fear the IRS and going to jail. I think everyone should pay their fair share, but what is fair? Is it 10%, 25%, 28%, 30%, 35%, or even more? One thing is very clear to me, the income tax laws in the US are much too complicated, more complicated that they need to be. All political candidates ever talk about is raising or lower tax rates, very few talk about making the tax laws simpler.
Friday, January 25, 2008
My first blog.
I wonder about a lot of things that go on in the world, so I decided to create a blog to start sharing some of my comments about what is happening, not that I am egotistical enough to think any one else cares, but during the winter months I have some time on my hands. My main interests are current events, sports (golf, tennis, etc.), food and wine, and my family and friends. I read a lot, well, not a lot, but enough to claim that I am semi-literate, and I know quite a bit about many very unimportant things, which I will share on this blog, again, not that anybody really cares, but maybe people who visit will have some time on their hands. I have really wanted to be a blogger for some time so now, I am one! Anyway welcome to my blog.
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