king of the hammers is pretty cool. My college roommate is part of the crew on Erik Miller's vehicle, Currently 1st.

live stream:

2015 King of the Hammers - Ultra4 on Livestream

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That's an hour away from my house...we got a little snow....

 

Yowsa!


There are a lot of challenges to running trains during a blizzard (loss of signals, poor visibility, trees fallen onto the track, etc) but the biggest risk isn't the trains themselves, it's the switchgear on the ground. Commuter lines like Metro North have hundreds of different track-switching points, most of which are cycled hundreds of times per day during the course of normal operation to route trains into and out of terminal stations, as well as through the correct platforms (often at full speed) through the larger intermediate stations.






If one of these switches freezes, it can derail a train or cause a collision.





That's bad.

 

 

You'd think they would use a real plow in snow that deep.....

 

 

Snow removal? Its all about the blowers bruh.

 

No many of the rotary plows left out there...amazing sights they are.

 

 

^ Not even gonna ask...



Anyone who thinks that Americans with high incomes pay less in tax than those with low incomes, either in absolute numbers or as a percentage, needs to have a look at Section A of the Form 1044 Tax Computation Worksheet. It really doesn't get any simpler than this:

 

Agreed Joe, it is indeed laughable. I think capitol gains are what is not commonly understood and where most people think the rich are getting away with lesser taxation.

 

But that doesn't make sense either.

Short-term capital gains are always taxed at the taxpayer's ordinary income-tax rate, which as the picture above shows, is progressive (you pay a higher percentage as your income increases.)

Long-term capital gains, while taxed at a lower rate, are also progressive. For single taxpayers with an income over $406,750, the long-term capital gains tax is 20%. For people with incomes between $36,901 and $406,750, the rate is 15%. And for people with incomes of $36,900 or less, the long-term capital gains tax is 0%.

Zero.

People with low incomes pay absolutely no long-term capital gains tax at all!


The same also holds true for ordinary and qualified dividends.


Now, I'll freely admit that the majority of people with incomes below $36k probably aren't holding a lot of investments which return dividends and capital gains, but the fact remains that no matter how you slice it, high-earners always have a higher tax rate.

 

Sorry Joe, I should have known to clarify my point further. I think the misunderstanding comes when people (and especially the media) simply compare the lowest 28% tax bracket straight across with the highest long term capitol gains rate, and then say "Oh look, the rich are paying less in taxes than the poor are."; clearly not an apples-to-apples comparison.

 

I see what you're saying, and yes, it is clearly one way in which the rich can get richer, but it fails to address the key underlying assumption: is this unfair in the context of a free market economy?

 

"Rich" means having wealth, which has to do with high net worth. This is not the same as income, which, for an individual can vary year to year.

I could be very wealthy, but this year sell no assets and have no income, therefore pay no income tax, and I should not. However, I could then become one of those famous "rich people who pay no taxes."

 

Incidentally, it turns out that you can, in fact, compare apples to oranges. It's rather simple, actually:

 

So Grandma was wrong; it should have been "An orange a day keeps the doctor away"

 

Except the fact that no one makes money in salary anymore. On their W2, it probably says less than 100k, but they get money in other ways. If you make enough money and put in the effort, you can get deductions for all sorts of things. They can get stake in a company that is legally homed in another country so when they go to sell it, it costs nothing in taxes. You can deduct a boat as a business expense because you take customers out on it once in awhile. Gift money to kids accounts. Have the business pay for your housing costs - not a salary. There are always ways to massage the numbers.

 

 

Present day pic or blast from the past? They look badass.