Man Adopts 42 Year Old Girlfriend To Protect His Cash
A wealthy Florida polo club founder has adopted his longtime adult girlfriend in what attorneys believe may be a legal maneuver to protect his financial assets as he faces a trial for a drunk driving incident that killed a 23-year-old.John Goodman, 48, formally adopted Heather Laruso Hutchins, 42, in October 2011. The couple started dating in 2009. Goodman is the founder of the International Polo Club Palm Beach in Wellington, Fla.
West Palm Beach Judge Glenn Kelley wrote in a court order that the twists in the case “border on the surreal and take the Court into a legal twilight zone.”
“The Defendant has effectively diverted a significant portion of the assets of the children’s trust to a person with whom he is intimately involved at a time when his personal assets are largely at risk in this case,” the judge wrote.
Goodman is being sued by Lili and William Wilson for the wrongful death of their son Scott Patrick Wilson, who come home from college for his sister’s birthday, and died in a car crash on Feb. 12, 2010.
While everyone is all up in arms, the question is, “Is this legitimate?” And the answer? Why not? It’s no more “slick” than having lots of kids to get the increased stipend from the government every month.
This is the problem when the law sticks its nose into every aspect of our lives. We end up with smart people who know how to get out from under it in the manner that would provide the least amount of friction, and that’s what he’s doing here, and it appears as he’s doing so within the confines of the myriad of laws and loopholes.
Oh wait, what loopholes? Well, clearly this sort of thing can be done for taxation purposes, which brings up my consistent argument of why we need to set the rate at 17% for everyone and abolish all loopholes and deductions. Then you couldn’t set up trusts to avoid taxation in the first place, and this wouldn’t be happening.
Funny how everything ties together in a free society unencumbered by governmental meddling, isn’t it?
Parenting Magazine Says Divorced Males Are Abusers In Waiting. No, I’m Not Kidding.
The Sitch: You’ve accepted a sleepover invite for your daughter, not realizing that only her pal’s divorced dad will be home. You’re not OK with it. What to do?
The Solution: “Call and say ‘I’m sorry, and this is about me and not you, but I just don’t feel comfortable with a man supervising an overnighter,’ ” says Paone. Offer to host the girls at your place instead, if you can, or ask to turn the sleepover into a “late-over,” where your daughter stays only till bedtime. In the future, always ask who’ll be on duty before you say yes to a sleepover.
Why do we allow this continuous slandering of men to continue like this? Honestly, this is downright disgusting advice from a downright disgusting magazine.
Imagine if the question were “I’m not comfortable with my daughter hanging out around her friend’s whore mother.” Do you think we would just be talking about concern for a child, or would “advocacy groups” be losing their minds?
Sean White Is Good At Snowboarding, You Guys
Wow. Just wow…
Wow.
CBS Features Zero Pro-Lifers in March for Life Photo Essay Until Readers Point Out Exclusion – Big Journalism
If you want a case of clear bias, the Washington D.C. affiliate of CBS will surely fill the bill for its bias against pro-life supporters. On January 23 the DC affiliate featured on its website a photo slide show of pictures taken at the March for Life rally held annually at the nation’s capitol. Curiously, though, there wasn’t a single photo of any pro-lifers. Instead, the photo essay featured only photos of abortion-supporting protesters who stood on the sidelines taunting the pro-life marchers.
The photo slide show initially featured seven photos of abortion supporters, such as one of marchers holding signs saying “Family Planning Saves Lives Worldwide,” one featuring women holding signs saying that abortion should be kept legal, and another showing a woman sporting an abortion on demand sticker.
Upwards of 50,000 pro-life supporters turned out in the DC cold to participate in the March for Life, yet apparently CBS could only find the small handful of pro-abortion supporters to photograph.
Yet another example of the mainstream media purposefully ignoring the March for Life. The Washington Post has already come clean on its biased coverage of the event, and CBS has since updated that slideshow to reflect the 50,000 marchers better than the people protesting that march.
It continues to astound me the lengths the media will go through to ignore the pro-life movement in this country.
Giant People Vacation Here
At least they tried to make it look like people were jumping into the tiny pool…
What Happens When You Show A 5 Year Old Some Corporate Logos?
BlueCarp Rates Romney, Gingrich, and Santorum On Small Government; Finds All Three Wanting
The 2012 campaign for the GOP presidential nomination should, once and for all, end the myth that the GOP is the party of limited government, free markets and personal liberty. I submit it is instructive to look at the records of the three remaining GOP candidates not named “Paul.”The following bullet points were excerpted verbatim from Reason.com’s candidate profiles. Yes, I have cherry picked items inconsistent with limited government, free markets and personal liberty. Yes, these same profiles mention positions of each candidate that are consistent with limited government, free markets and personal liberty.
It’s a good thing he didn’t include Paul in that roundup; no one likes a merciless slaughter and beating.
The Myth of Apple Shipping Great Jobs Abroad
Foxconn may employ tens of thousands of Chinese laborers to build the iPhone, but the vast majority of the labor costs associated with making an iPhone is spent right here in the States. In fact, only $10 per iPhone goes to paying workers abroad.
According to Forbes:
A report written by three U.S. professors showed that only about “$10 or less in direct labor wages goes into an iPhone or iPad is paid to Chinese workers.” The report points out that while Apple products — including components — are manufactured in China, the primary benefits go to the U.S. economy because Apple continues to keep most of its product design, software development, product management, marketing and other high-wage functions in the U.S., not China. China’s role is more of an assembler.
In other words, the only part of making an iPhone that is done abroad is the grunt work of actually screwing it all together. All of the high-paying, educated jobs involved in designing, engineering, marketing and selling the thing stay right here in the good old U.S.A.
That one ain’t gonna sit well with the populists.
Remember When Calling Our Young Women “Hoes” Was Objectionable?
Remember when Don Imus saw his cushy CBS Radio and MSNBC career go up in smoke in 2007 when he tried very early one morning to make one of his fake-misanthropic jokes about the Rutgers women’s basketball team being “nappy-headed hoes”? Black activists demanded his firing. Advertisers fled. The corporate suits, appalled and fearful of the terrible publicity, canned him.
But if you’re a black rapper, terms like this advance your career. The female rapper Nicki Minaj has a very hot new video called “Stupid Hoe.” She uses that same term to snap at other women – “We ship platinum, them b—es are shipping wood / Them nappy headed hoes, but my kitchen good.” (Don’t hurt your brain trying to make sense of it.) Minaj even threw the N-word in the lyrics: “How you gon’ be the stunt double to the nigga monkey?”
The video broke YouTube records by clocking up 4.8 million views in its first 24 hours on the site and 11 million over the weekend. But outrage from our elites? Hello? Anyone? So far, the silence is deafening from America’s major race-card players.
During the entire Don Imus mess, many of us who supported him pointed out the voluminous hypocrisy of those claiming that the word “hoe” is both racist and out of place were horrified at how the simple use of the word “hoe” could be swung into a racist term.
Hell, I even begged to know what those girls were listening to on the iPods. What uplifting soul-elevating stuff were they taking in before games? Surely they wouldn’t listen to any of the urban tunes that came to popularize the word “hoe” in the first place, right?
We may never know, but I can bet at least a few of those outraged girls listen to Nicki Minaj without any feelings of inferiority. Of course, she’s black. And a woman.
Which, of course, makes it all okay.
Obama Finds Woman’s Husband Being Unemployed “Interesting”
Just so I understand this, the woman tells you her husband is out of work, and your only answer is that it’s interesting because statistics tell you otherwise?
Wow.
It’s not that interesting, Mr. President. A very large chunk of her husband’s industry has lost their job since you took office. Do you find that interesting, also?
We keep hearing how the GOP is out of touch and how President Obama is a man of the people. How much more out of touch can you be than what you see here? And with all due respect, to argue with a woman about her situation… Just unbelievable.
No wonder his plans, stimuli and other stupidity aren’t fixing the economy; the man has no clue what the problem is to begin with.
Blake Griffin Is An ANIMAL
Explaining The “Great Deal” Of Capital Gains
Capital gains taxes and dividend taxes are both forms of double taxation. That income already is hit by the 35 percent corporate income tax. So the real tax rate for people like Mitt Romney is closer to 45 percent.And if you add the death tax to the equation, the effective tax rate begins to approach 60 percent. Here’s a simply analogy. Imagine you make $50,000 per year and your employer withholds $5,000 for personal income tax. How would you feel if the IRS then told you that your income was $45,000 and you had to pay full tax on that amount, and that you weren’t allowed to count the $5,000 withholding when you filled out your 1040 form? You would be outraged, correctly yelling and screaming that you should be allowed to count those withheld tax payments. Welcome to the world of double taxation.
What do Capital Gains taxes look like beyond the last part, the 15% we keep hearing about? That’s what they look like.
Honestly, only an idiot believes that the 15% paid by the last end of the Capital Gains tax line is the only tax paid on that money, but then again you don’t have to be a genius to be a commentator on an issue any more. Hell, you don’t even have to be accurate.
Weiner Improperly Used Campaign Money To Bolster His Lie
Disgraced ex-Congressman Anthony Weiner used campaign money to hire private investigators to chase down his lie about his now-notorious crotch-shot tweet.
Weiner paid T&M Protective Services of Manhattan $13,290 for “legal services” in the fourth quarter of 2011, financial statements filed Tuesday with the Federal Election Commission reveal.
Sources told the Daily News, however, that Weiner hired T&M — a firm loaded with former NYPD sleuths — when he was in full spin mode over the controversy that eventually led to his resignation.
You know what the most interesting part of this is? John Edwards continues to face charges and a trial over his improper use of campaign funds. How is Weiner getting out of this so easy, particularly since he was a federal candidate as well?
Why is he not being held up to the same standards?
Fav’ed On Youtube: Winter X Games 2012: First Snowmobile Front Flip Landed
Fav’ed On Youtube: Kid Makes Game Winning Basket For WRONG Team
It’s A Cat. On A Subwoofer.
Komen Suddenly Wakes Up, Realizes Planned Parenthood Doesn’t Do Mammograms
The nation’s leading breast-cancer charity, Susan G. Komen for the Cure, is halting its partnerships with Planned Parenthood affiliates — creating a bitter rift, linked to the abortion debate, between two iconic organizations that have assisted millions of women.
The change will mean a cutoff of hundreds of thousands of dollars in grants, mainly for breast exams.
Planned Parenthood says the move results from Komen bowing to pressure from anti-abortion activists. Komen says the key reason is that Planned Parenthood is under investigation in Congress — a probe launched by a conservative Republican who was urged to act by anti-abortion groups.
The rupture, which has not been publicly announced as it unfolded, is wrenching for some of those who’ve learned about it and admire both organizations.
“We’re kind of reeling,” said Patrick Hurd, who is CEO of Planned Parenthood of Southeastern Virginia — recipient of a 2010 grant from Komen — and whose wife, Betsi, is a veteran of several Komen fundraising races and is currently battling breast cancer.
“It sounds almost trite, going through this with Betsi, but cancer doesn’t care if you’re pro-choice, anti-choice, progressive, conservative,” Hurd said. “Victims of cancer could care less about people’s politics.”
Planned Parenthood said the Komen grants totaled roughly $680,000 last year and $580,000 the year before, going to at least 19 of its affiliates for breast-cancer screening and other breast-health services.
I keep seeing people argue that suddenly women won’t be able to get mammograms and will instantly die of the scourge of breast cancer without this funding. The problem, of course, is that Planned Parenthood doesn’t actually do mammograms.
After the video above aired, Planned Parenthood had to backtrack on Richards’ claims, and accused Live Action of manipulating the video where Richards’ specifically (and magically, without an edit) claimed that women would lose access to mammograms they weren’t providing anyway.
I still don’t like Komen, and I still think it’s offensive how much they’ve commoditized breast cancer into a line of pink products from every politically correct company in the United States, but at least they aren’t funding an abortion mill any more.
Bankrate Takes Up Arms In The Class Warfare Fight
I couldn’t even believe the amount of crap Bankrate managed to fit into one article that appeared on Yahoo! yesterday.
Let’s go with the title first.
“5 Tax Deductions That Help the Rich Get Richer”
Oh boy oh boy oh boy. Clearly, we know where this one is going. Notice the title isn’t “5 Tax Increases That Help The Rich Get Poorer Because They’re Paying Almost All of the Tax Burden In The United States And The People Complaining Aren’t”
Maybe that title would be a bit long.
Without further ado, here’s the first:
Mortgage interest: a homeownership incentive?
So, essentially, their argument is this: Rich people with bigger and more expensive homes get a bigger deduction for their interest.
That’s it. That’s the entirety of their argument.
Now let’s be honest about something: I think the mortgage interest deduction should be abolished (and this is coming from someone who’s about to buy a house!). I see no reason that you should be able to write off your interest for a house you choose to live in. That being said, it’s common sense that people who have more expensive homes get a bigger deduction. It’s also common sense that if you live in, for example, New York City, you’ll be buying a more expensive house whether or not you’re rich. In fact, our new home in Suffern will cost us $285,000 but you could get this house anywhere else in the country that isn’t a major metro area for roughly $150,000. I’m aware of this. That being said, I’m not rich, but I will obviously get a bigger deduction on my interest than you will because I’m paying more for my house.
Stunning, right?
The article also doesn’t mention something incredibly obvious: many of the “rich” don’t have mortgages. They have houses they’ve owned for generations, some are entertainers or multi-millionaires who pay cash, and so on. In other words, they benefit is bigger, true, but that doesn’t mean everyone takes it, and in fact in the upper brackets, they’re more likely to take shorter mortgages at lower rates when they do.
A non-issue, in the long run.
Next issue…
Capital gains: how the rich get richer
Sorry, but capital gains aren’t the panacea they’re professed to be. While it’s easy to say the “rich get richer” on capital gains, it ignores three realities about capital gains.
1. They’re distributed after 35% corporate income tax is levied against the company.
2. If a stock runs from $1 to $2, that means the value of the company doubled, but the country after doubling pays 35% of that. You pay 15% on $2 even though the company is, in theory, only worth $1.65 after corporate taxes, bringing its actual value (after taxes are cleared) to $1.50 a share. To put it bluntly, the gain is 100% in dollars, which is what you pay taxes on, but you only gain 50%, a tax rate of 50%.
3. Capital gains are available to everyone who buys stock, or makes other investments. Again, I’m not rich, but two years ago I had stock in two companies and made money on both. I, in turn, paid capital gains on both.
The argument that capital gains aren’t taxed as high as income ignores the fact that corporate income taxes are taken at 35% before 15% more comes out of your gains.
But hey, why let the truth get in the way of some good class warfare, right?
Next issue…
Step-up in basis: how the rich remain rich
Without getting too far into the minutiae of this one, the gist is simple: if you have an estate and pass it on to your kids when they die, it’s not taxed at what it’s worth when you do so. This is a big issue for some people because they believe you should be taxed every time the wind blows. The reality is that your house (for example) was purchased after your taxes were levied, so these people believe that what you were left with after you were already taxed should be taxed again, probably until you have nothing left to tax, then they can take what you own in exchange for the taxes you owe.
No thanks.
Retirement savings: tax shelter for the rich
Again, another thing that’s not exclusive to the rich. How many union members who work shit jobs get a pension? Almost every single one I know of. This is a non-issue of the highest order.
Charitable deduction: good cause, policy flaws
Again, a non-issue. Do you really have to be told why? The idea here is that rich people donate to charity they get a bigger deduction on their taxes because they’re in a higher tax bracket. Apparently, being in a higher tax bracket is only unfair when you get something back instead of paying something in.
This whole article rings of one philosophy: that the rich in this country shouldn’t be rich, that they’re sneaky and slimy, and that they simply aren’t taxed enough. The article argues percentages when it’s convenient, but dollars when it’s more convenient. For example, in the last example, they point out how someone in the 10% tax bracket only gets back $100 but someone in the 35% tax bracket gets back $350. What they don’t mention is that the difference in income at those two levels is massive.
Also, this article unwittingly makes a great case for something I’ve been saying forever:
17% flat tax rate for all income taxes.
No deductions.
No loopholes.
No exceptions.
No exemptions.
Lower the rate, broaden the base, increase revenue.
What Bankrate seems to be advocating for is the abolition of tax exemptions for people making a certain amount of money. What they never once mention is that no one who’s rich is paying the zero percent in income taxes that 51% of the American population is paying. What do we do about getting them to participate in the system?
That’s truly the question, isn’t it?
Houston Red Light Camera Case Gets Really Interesting
Okay, follow this.
1. Houston decides they’re going to be installing red light cameras inside the city limits.
2. Citizens get angry and organize, holding a referendum.
3. Referendum passes, program defunded.
4. Since the program was contracted, the company the contract was with sued the city.
5. Since the city would benefit financially from not winning, citizens who organized referendum petitioned the court to join the case to keep the city from “throwing” the case.
6. Lower court says they can’t.
7. Appeals court says they can.
Amazing story, no?
More on it here, with relevant links included.
