California wants more tax revenue
There is an Iowa corporation that does not do business in California. No operation or presence in CA at all, with one very minor exception. This Iowa Limited Liability Corporation (LLC) owns 2/10ths of one percent of a California LLC as an investment. They have no control over operations or anything else. Somehow, the Franchise Tax Board found a way to prevail in court, and now this Iowa LLC is considered to operate in California, and must pay the $800 annual tax on LLCs.
It's bad enough that the governors of other states make bold bids to businesses in CA to move elsewhere, but when the state itself is seeking to impose this tax on businesses that shouldn't be paying it, they will drive away corporate investment in CA businesses. What's next, if I own stock in a business with a presence in CA will I have to pay tax on the unrealized gain in the value of my shares? Or an annual fee because I have an investment in the Golden State?
Once again, the nanny state of Governor Moonbeam has run amok.
* * *
Will Rogers once said "Congress is the best government money can buy." Well, there's a billionaire who is out to prove that dictum. Sheldon Adelson, who according to Forbes Magazine is worth $28.5 billion, plans to spend as much as $100 million backing candidates in the upcoming November elections. At least that is what some sources are reporting.
What is his ultimate goal? I suspect it's a two-stage project. Return the Senate to Republican control in 2014 and then put a Republican in the White House in 2016. Can he succeed? Maybe. Maybe not. He clearly has the cash. He's clearly motivated. He stands to reap vast amounts in tax reductions if he succeeds in this plan.
Is this a good argument over limiting Super-PACs? Oh yes!
* * *
There's a Dear Abby column about young couples and handling of money. If I were ever to marry again, I would suggest that we take our total combined income and determine what percentage of the total each of us is contributing. So if one of us were bringing in 63% and the other 37%, that would be the percentage of our joint bills we would each be responsible for.
I may have mentioned this before, but when my second wife and I moved in together, we opened a joint checking account. I managed the money and paid all the bills and I never said "no" to any spending she wanted to do. I merely asked that she let me know if she was going to spend more than $40 or $50, so I could make sure there was money in the joint checking account to cover the purchase.
Eventually she grew tired of this and wanted to have separate accounts and each pay 1/2 the bills. I had no problem with that. I was bringing in somewhere between 65% and 75% of the total income (depending on whether or not I was working a part-time job at the time) so I wound up with lots of extra money and she was always broke.
* * *
Random Ponderings:
Pretty interesting that Robert Downey, Jr., was the top earning actor on the Forbes list, even though he didn't star in any movies released during that period.
President Obama says Vice President Biden would make a "superb president" which seems to indicate that plagiarism is not something Obama cares much about.
Donald Sterling's loans are being called in by some banks? Aw, too bad for him.
In the race to unseat Minnesota's Senator Al Franken, there are two Republican candidates. One who is too conservative to have a chance of winning, and the other is too moderate for the taste of the Tea Party members in the state. Tough choice for voters. Why do Republicans keep nominating people who won't win?
When I heard they were doing a "Facts of Life" reunion film, I knew immediately George Clooney would not be involved.
Over 8,000 women are going to get a share of $190 million because a male gynecologist took pictures and voice recordings of his examinations of them. Less than $25,000 each seems a bit low.
I've tried a couple of suggested methods to send texts from my computer rather than my smartphone but so far none of them have worked. Frustrating.
As you can see below, this is the anniversary of the arrest of Jeffrey Dahmer when police found human remains in his apartment. They found a colon in his typewriter. And Head and Shoulders in his shower. The first private lawyer he tried to hire said "it'll cost you an arm and a leg for this trial" and Dahmer responded "I've got that in cold storage." www.instantrimshot.com
* * *
July 22nd in History:
838 – Battle of Anzen: The Byzantine emperor Theophilos suffers a heavy defeat by the Abbasids.
1099 – First Crusade: Godfrey of Bouillon is elected the first Defender of the Holy Sepulchre of The Kingdom of Jerusalem.
1209 – Massacre at Béziers: The first major military action of the Albigensian Crusade.
1298 – Wars of Scottish Independence: Battle of Falkirk – King Edward I of England and his longbowmen defeat William Wallace and his Scottish schiltrons outside the town of Falkirk.
1456 – Ottoman Wars in Europe: Siege of Belgrade – John Hunyadi, Regent of the Kingdom of Hungary, defeats Mehmet II of the Ottoman Empire
1484 – Battle of Lochmaben Fair: A 500-man raiding party led by Alexander Stewart, Duke of Albany and James Douglas, 9th Earl of Douglas are defeated by Scots forces loyal to Albany's brother James III of Scotland; Douglas is captured.
1499 – Battle of Dornach: The Swiss decisively defeat the Imperial army of Emperor Maximilian I.
1587 – Colony of Roanoke: A second group of English settlers arrives on Roanoke Island off North Carolina to re-establish the deserted colony.
1686 – Albany, New York is formally chartered as a municipality by Governor Thomas Dongan.
1706 – The Acts of Union 1707 are agreed upon by commissioners from the Kingdom of England and the Kingdom of Scotland, which, when passed by each countries' Parliaments, led to the creation of the Kingdom of Great Britain.
1793 – Alexander Mackenzie reaches the Pacific Ocean becoming the first recorded human to complete a transcontinental crossing of Canada.
1796 – Surveyors of the Connecticut Land Company name an area in Ohio "Cleveland" after Gen. Moses Cleaveland, the superintendent of the surveying party.
1797 – Battle of Santa Cruz de Tenerife: Battle between Spanish and British naval forces during the French Revolutionary Wars. During the Battle, Rear-Admiral Nelson is wounded in the arm and the arm had to be partially amputated.
1805 – Napoleonic Wars: War of the Third Coalition – Battle of Cape Finisterre – An inconclusive naval action is fought between a combined French and Spanish fleet under Admiral Pierre-Charles Villeneuve of Spain and a British fleet under Admiral Robert Calder.
1812 – Napoleonic Wars: Peninsular War – Battle of Salamanca – British forces led by Arthur Wellesley (later the Duke of Wellington) defeat French troops near Salamanca, Spain.
1864 – American Civil War: Battle of Atlanta – Outside Atlanta, Georgia, Confederate General John Bell Hood leads an unsuccessful attack on Union troops under General William T. Sherman on Bald Hill.
1894 – The first ever motor race is held in France between the cities of Paris and Rouen. The fastest finisher was the Comte Jules-Albert de Dion, but The 'official' victory was awarded to Albert Lemaître driving his 3 hp petrol engined Peugeot.
1916 – In San Francisco, California, a bomb explodes on Market Street during a Preparedness Day parade killing ten and injuring 40.
1933 – Wiley Post becomes the first person to fly solo around the world traveling 15,596 miles (25,099 km) in seven days, 18 hours and 45 minutes.
1934 – Outside Chicago's Biograph Theater, "Public Enemy No. 1" John Dillinger is mortally wounded by FBI agents.
1937 – New Deal: The United States Senate votes down President Franklin D. Roosevelt's proposal to add more justices to the Supreme Court of the United States.
1942 – The United States government begins compulsory civilian gasoline rationing due to the wartime demands.
1942 – Holocaust: The systematic deportation of Jews from the Warsaw Ghetto begins.
1943 – World War II: Allied forces capture the Italian city of Palermo.
1944 – The Polish Committee of National Liberation publishes its manifesto, starting the period of Communist rule in Poland
1946 – King David Hotel bombing: A Zionist underground organisation, the Irgun, bombs the King David Hotel in Jerusalem, site of the civil administration and military headquarters for Mandate Palestine, resulting in 91 deaths.
1951 – Dezik (Дезик) and Tsygan (Цыган, "Gypsy") are the first dogs to make a sub-orbital flight.
1962 – Mariner program: Mariner 1 spacecraft flies erratically several minutes after launch and has to be destroyed.
1963 – Sarawak achieve independence.
1976 – Japan completes its last reparation to the Philippines for war crimes committed during the imperial Japan's conquest of the country in the Second World War.
1977 – Chinese leader Deng Xiaoping is restored to power.
1983 – Martial law in Poland is officially revoked.
1991 – Jeffrey Dahmer is arrested in Milwaukee after police discover human remains in his apartment.
1992 – Near Medellín, Colombian drug lord Pablo Escobar escapes from his luxury prison fearing extradition to the United States.
1993 – Great Flood of 1993: Levees near Kaskaskia, Illinois rupture, forcing the entire town to evacuate by barges operated by the Army Corps of Engineers.
1997 – The second Blue Water Bridge opens between Port Huron, Michigan and Sarnia, Ontario.
2003 – Members of 101st Airborne of the United States, aided by Special Forces, attack a compound in Iraq, killing Saddam Hussein's sons Uday and Qusay, along with Mustapha Hussein, Qusay's 14-year old son, and a bodyguard.
2005 – Jean Charles de Menezes is killed by police as the hunt begins for the London Bombers responsible for the 7 July 2005 London bombings and the 21 July 2005 London bombings.
2011 – Norway is the victim of twin terror attacks, the first being a bomb blast which targeted government buildings in central Oslo, the second being a massacre at a youth camp on the island of Utøya.
2013 – A series of earthquakes in Dingxi, China, kills at least 89 people and injures more than 500 others.
Famous Folk Born on July 22nd:
Joan of England, Queen of Scotland
Emma Lazarus
James Whale
Rose Kennedy
Edward Hopper
Karl Menninger
Alexander Calder
Amy Vanderbilt
Alan Stephenson Boyd
Bob Dole
The Fabulous Moolah
Orson Bean (Andrew Breitbart's father-in-law)
Oscar de la Renta
Terence Stamp
Alex Trebek
George Clinton
Kay Bailey Hutchinson
Bobby Sherman
Danny Glover
Albert Brooks
Don Henley
S. E. Hinton
Alan Menken
Lonette McKee
Willem Dafoe
David Von Erich
David Spade
Patrick Labyorteaux
Shawn Michaels
Rhys Ifans
Keyshawn Johnson
Rufus Wainwright
A. J. Cook
Fandango
Selena Gomez
It's bad enough that the governors of other states make bold bids to businesses in CA to move elsewhere, but when the state itself is seeking to impose this tax on businesses that shouldn't be paying it, they will drive away corporate investment in CA businesses. What's next, if I own stock in a business with a presence in CA will I have to pay tax on the unrealized gain in the value of my shares? Or an annual fee because I have an investment in the Golden State?
Once again, the nanny state of Governor Moonbeam has run amok.
* * *
Will Rogers once said "Congress is the best government money can buy." Well, there's a billionaire who is out to prove that dictum. Sheldon Adelson, who according to Forbes Magazine is worth $28.5 billion, plans to spend as much as $100 million backing candidates in the upcoming November elections. At least that is what some sources are reporting.
What is his ultimate goal? I suspect it's a two-stage project. Return the Senate to Republican control in 2014 and then put a Republican in the White House in 2016. Can he succeed? Maybe. Maybe not. He clearly has the cash. He's clearly motivated. He stands to reap vast amounts in tax reductions if he succeeds in this plan.
Is this a good argument over limiting Super-PACs? Oh yes!
* * *
There's a Dear Abby column about young couples and handling of money. If I were ever to marry again, I would suggest that we take our total combined income and determine what percentage of the total each of us is contributing. So if one of us were bringing in 63% and the other 37%, that would be the percentage of our joint bills we would each be responsible for.
I may have mentioned this before, but when my second wife and I moved in together, we opened a joint checking account. I managed the money and paid all the bills and I never said "no" to any spending she wanted to do. I merely asked that she let me know if she was going to spend more than $40 or $50, so I could make sure there was money in the joint checking account to cover the purchase.
Eventually she grew tired of this and wanted to have separate accounts and each pay 1/2 the bills. I had no problem with that. I was bringing in somewhere between 65% and 75% of the total income (depending on whether or not I was working a part-time job at the time) so I wound up with lots of extra money and she was always broke.
* * *
Random Ponderings:
Pretty interesting that Robert Downey, Jr., was the top earning actor on the Forbes list, even though he didn't star in any movies released during that period.
President Obama says Vice President Biden would make a "superb president" which seems to indicate that plagiarism is not something Obama cares much about.
Donald Sterling's loans are being called in by some banks? Aw, too bad for him.
In the race to unseat Minnesota's Senator Al Franken, there are two Republican candidates. One who is too conservative to have a chance of winning, and the other is too moderate for the taste of the Tea Party members in the state. Tough choice for voters. Why do Republicans keep nominating people who won't win?
When I heard they were doing a "Facts of Life" reunion film, I knew immediately George Clooney would not be involved.
Over 8,000 women are going to get a share of $190 million because a male gynecologist took pictures and voice recordings of his examinations of them. Less than $25,000 each seems a bit low.
I've tried a couple of suggested methods to send texts from my computer rather than my smartphone but so far none of them have worked. Frustrating.
As you can see below, this is the anniversary of the arrest of Jeffrey Dahmer when police found human remains in his apartment. They found a colon in his typewriter. And Head and Shoulders in his shower. The first private lawyer he tried to hire said "it'll cost you an arm and a leg for this trial" and Dahmer responded "I've got that in cold storage." www.instantrimshot.com
* * *
July 22nd in History:
838 – Battle of Anzen: The Byzantine emperor Theophilos suffers a heavy defeat by the Abbasids.
1099 – First Crusade: Godfrey of Bouillon is elected the first Defender of the Holy Sepulchre of The Kingdom of Jerusalem.
1209 – Massacre at Béziers: The first major military action of the Albigensian Crusade.
1298 – Wars of Scottish Independence: Battle of Falkirk – King Edward I of England and his longbowmen defeat William Wallace and his Scottish schiltrons outside the town of Falkirk.
1456 – Ottoman Wars in Europe: Siege of Belgrade – John Hunyadi, Regent of the Kingdom of Hungary, defeats Mehmet II of the Ottoman Empire
1484 – Battle of Lochmaben Fair: A 500-man raiding party led by Alexander Stewart, Duke of Albany and James Douglas, 9th Earl of Douglas are defeated by Scots forces loyal to Albany's brother James III of Scotland; Douglas is captured.
1499 – Battle of Dornach: The Swiss decisively defeat the Imperial army of Emperor Maximilian I.
1587 – Colony of Roanoke: A second group of English settlers arrives on Roanoke Island off North Carolina to re-establish the deserted colony.
1686 – Albany, New York is formally chartered as a municipality by Governor Thomas Dongan.
1706 – The Acts of Union 1707 are agreed upon by commissioners from the Kingdom of England and the Kingdom of Scotland, which, when passed by each countries' Parliaments, led to the creation of the Kingdom of Great Britain.
1793 – Alexander Mackenzie reaches the Pacific Ocean becoming the first recorded human to complete a transcontinental crossing of Canada.
1796 – Surveyors of the Connecticut Land Company name an area in Ohio "Cleveland" after Gen. Moses Cleaveland, the superintendent of the surveying party.
1797 – Battle of Santa Cruz de Tenerife: Battle between Spanish and British naval forces during the French Revolutionary Wars. During the Battle, Rear-Admiral Nelson is wounded in the arm and the arm had to be partially amputated.
1805 – Napoleonic Wars: War of the Third Coalition – Battle of Cape Finisterre – An inconclusive naval action is fought between a combined French and Spanish fleet under Admiral Pierre-Charles Villeneuve of Spain and a British fleet under Admiral Robert Calder.
1812 – Napoleonic Wars: Peninsular War – Battle of Salamanca – British forces led by Arthur Wellesley (later the Duke of Wellington) defeat French troops near Salamanca, Spain.
1864 – American Civil War: Battle of Atlanta – Outside Atlanta, Georgia, Confederate General John Bell Hood leads an unsuccessful attack on Union troops under General William T. Sherman on Bald Hill.
1894 – The first ever motor race is held in France between the cities of Paris and Rouen. The fastest finisher was the Comte Jules-Albert de Dion, but The 'official' victory was awarded to Albert Lemaître driving his 3 hp petrol engined Peugeot.
1916 – In San Francisco, California, a bomb explodes on Market Street during a Preparedness Day parade killing ten and injuring 40.
1933 – Wiley Post becomes the first person to fly solo around the world traveling 15,596 miles (25,099 km) in seven days, 18 hours and 45 minutes.
1934 – Outside Chicago's Biograph Theater, "Public Enemy No. 1" John Dillinger is mortally wounded by FBI agents.
1937 – New Deal: The United States Senate votes down President Franklin D. Roosevelt's proposal to add more justices to the Supreme Court of the United States.
1942 – The United States government begins compulsory civilian gasoline rationing due to the wartime demands.
1942 – Holocaust: The systematic deportation of Jews from the Warsaw Ghetto begins.
1943 – World War II: Allied forces capture the Italian city of Palermo.
1944 – The Polish Committee of National Liberation publishes its manifesto, starting the period of Communist rule in Poland
1946 – King David Hotel bombing: A Zionist underground organisation, the Irgun, bombs the King David Hotel in Jerusalem, site of the civil administration and military headquarters for Mandate Palestine, resulting in 91 deaths.
1951 – Dezik (Дезик) and Tsygan (Цыган, "Gypsy") are the first dogs to make a sub-orbital flight.
1962 – Mariner program: Mariner 1 spacecraft flies erratically several minutes after launch and has to be destroyed.
1963 – Sarawak achieve independence.
1976 – Japan completes its last reparation to the Philippines for war crimes committed during the imperial Japan's conquest of the country in the Second World War.
1977 – Chinese leader Deng Xiaoping is restored to power.
1983 – Martial law in Poland is officially revoked.
1991 – Jeffrey Dahmer is arrested in Milwaukee after police discover human remains in his apartment.
1992 – Near Medellín, Colombian drug lord Pablo Escobar escapes from his luxury prison fearing extradition to the United States.
1993 – Great Flood of 1993: Levees near Kaskaskia, Illinois rupture, forcing the entire town to evacuate by barges operated by the Army Corps of Engineers.
1997 – The second Blue Water Bridge opens between Port Huron, Michigan and Sarnia, Ontario.
2003 – Members of 101st Airborne of the United States, aided by Special Forces, attack a compound in Iraq, killing Saddam Hussein's sons Uday and Qusay, along with Mustapha Hussein, Qusay's 14-year old son, and a bodyguard.
2005 – Jean Charles de Menezes is killed by police as the hunt begins for the London Bombers responsible for the 7 July 2005 London bombings and the 21 July 2005 London bombings.
2011 – Norway is the victim of twin terror attacks, the first being a bomb blast which targeted government buildings in central Oslo, the second being a massacre at a youth camp on the island of Utøya.
2013 – A series of earthquakes in Dingxi, China, kills at least 89 people and injures more than 500 others.
Famous Folk Born on July 22nd:
Joan of England, Queen of Scotland
Emma Lazarus
James Whale
Rose Kennedy
Edward Hopper
Karl Menninger
Alexander Calder
Amy Vanderbilt
Alan Stephenson Boyd
Bob Dole
The Fabulous Moolah
Orson Bean (Andrew Breitbart's father-in-law)
Oscar de la Renta
Terence Stamp
Alex Trebek
George Clinton
Kay Bailey Hutchinson
Bobby Sherman
Danny Glover
Albert Brooks
Don Henley
S. E. Hinton
Alan Menken
Lonette McKee
Willem Dafoe
David Von Erich
David Spade
Patrick Labyorteaux
Shawn Michaels
Rhys Ifans
Keyshawn Johnson
Rufus Wainwright
A. J. Cook
Fandango
Selena Gomez
posted by me at 12:00 PM
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