DON’T BREATHE AT AIRPORTS
Now if only someone would invent a way for planes not to have to turn on their main engines until shortly before they took off.
THE TOP 400
Michael Fabricant: ‘Re yesterday’s post regarding protecting the rich, here‘s an IRS study that shows the income percentages of the top 400 income earners in the country. The last year of the study shows that the top 400 taxpayers earned over 3% of all taxable interest, almost 5% of all dividend income, and over 13% of all capital gains reported in 2008. That’s 400 people out of 307 million.’
☞ Good for them! But I do think their tax rates are too low. Including the tax rates that apply to the Koch brothers.
See how the Koch brothers are meddling with academic independence. Here. They get to approve the professors, the publications . . . can this be good?
And just in case you’re not of Kochian wealth . . .
‘The U.S. Department of Labor today announced the launch of its first application for smartphones, a timesheet to help employees independently track the hours they work and determine the wages they are owed. Available [here, free] in English and Spanish, users conveniently can track regular work hours, break time and any overtime hours for one or more employers. . . . Additionally, through the app, users will be able to add comments on any information related to their work hours; view a summary of work hours in a daily, weekly and monthly format; and email the summary of work hours and gross pay as an attachment. This new technology is significant because, instead of relying on their employers’ records, workers now can keep their own records. This information could prove invaluable during a Wage and Hour Division investigation when an employer has failed to maintain accurate employment records.’
Quote of the Day
In 1800, 75% of [an American's] working man's expenditures went for food alone. By 1850, that had dropped to 50%. Today it is a little more than 11%.~The Wall Street Journal, September 20, 1996
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