SEND MONEY FAST !!!

We Californians just received the news -- seems the State’s budget deficit projection of $ 9 billion was off a bit.   Expected monies have not materialized, so our budget deficit is now expected to be a little higher – say……  $$$ 16 B I L L I O N  !!!

How solvent is your State ... or nation, if you're a reader from another country, since there are problems over much of the world?

California has some serious choices ahead we’re told – some taxes or cutbacks to our already bleeding education system and programs for those who have the least and need the most.  

Just a few days ago a news story revealed Google’s co-founder is giving up his U.S. citizenship to move with his billions to Singapore.  This means he’ll likely not pay as much federal and state tax as he would have otherwise, so no help for California there.  

Increasing numbers of Americans are renouncing their citizenship but I don't know what all the individuals reasons are for doing so.  There are pros and cons about whether tax increases will cause even more Americans to leave the country, taking their money with them, thus avoiding taxes.

Most were probably educated in this country, or as in the Google co-founder's case (he's also a citizen of Brazil,) he attended Harvard and had the benefit of contacts he made there plus our whole system of business opportunity.  

What about all those individuals and corporations who have secretive off shore bank accounts?

Financial institutions outside the U.S. are required to report information about the income and accrued payed interest to American clients accounts effective in January 2013.   We'll see how that all works out.  

Doesn’t loyalty, gratitude, a desire to help the State, nation and people by fully paying the required tax rate rather than finding ways to avoid doing so seem ethically appropriate -- especially in these challenging times?   

DYSFUNCTIONAL U. S. CONGRESS

I want to express these thoughts, but will focus on some other topics in the future.

The best I can say for this 2011 dysfunctional U. S. Congress is they're incompetent. They've averted a default on U. S. debt with the bill the House of Representatives has finally passed August 1st. On the bill's receipt the Senate is likely to pass the bill also, then send to the President whose signature is expected by day's end -- before the predicted August 3rd default deadline.

Congress has embarrassed our nation in the world. The threat of default should never have been an issue and those Congresspersons who made it so should be roundly politically castigated for having done so!

For the first time politics was injected into our world financial dealings adversely affecting our nation's credibility -- courtesy of the Tea Party minority wing of the Republican Party. They unnecessarily risked the full faith of credit of the U. S. Government for the first time in our history and for political purposes. They will claim in getting their way that their actions forced success for debt reduction, but what we have is a sham deficit reduction plan. Neither the Republican or Democratic Party benefits, and most importantly not the American people.

Make no mistake, we live in a Republican and Tea Party economy though they will attempt to deceive voters into believing otherwise from now until the 2012 Presidential election. That is all this Congressional political farce has been about.

Congress does have to address the nation's deficit which is primarily attributed to preceding Administrations and Congressional actions, or lack thereof. It is ludicrous and ridiculous to allege the current Administration is responsible for our nation's financial situation. Equally unrealistic is to believe this Administration, or any Administration, could quickly reverse this situation, especially considering the near financial collapse caused by multiple financial forces.

Now is the appropriate time for all Congresspersons to make a serious effort to legitimately enact legislation toward reducing our nation's deficit with minimal focus on political maneuverings. The American voter should monitor for such excessive political behavior with the intent that those who do so are the so-called legislators we should not reelect.

I think a good start would be for all Congresspersons to recognize the need to realign the tax system which includes increasing revenues from the wealthy. That certainly is not going to totally correct the deficit, but would be one reasonable contributing factor to deficit reduction. This would not create a hardship on them, unlike the adverse effects on our diminishing American middle class and those with even less. I believe those opposed provide a deliberately misleading argument that is a fallacy by saying that a suggested modest increased tax rate will take monies that would otherwise be spent creating new jobs. Those same wealthy individuals and large corporations who pay no taxes at all need to begin to pay their fair share if they truly respect and care about the United States of America's viable survival.

PAKISTAN CARES -- ABOUT WHO?

("Tone down Pakistan rhetoric" is an L.A. Times editorial 6/18/11 suggesting "...the fight against Islamic extremists" could be jeopardized. They raise important concerns in a complex situation.)

Unexpected news has been forthcoming about most recent Pakistani government actions. I hadn't intended to write more on this topic but Pakistan has arrested five men who assisted the U. S. CIA in locating Bin Laden, residing in a secret compound where he was eliminated. Pakistan officials are reportedly angry they had not been forewarned of the U.S. special operations.

One of the issues this blog's previous article, "Duplicity." questioned was Pakistan's duplicitous actions. Their jailing these men serves to increase my apprehension about that nation's true relationship with the United States, their attitude toward the Taliban and terrorism.

This CBS News World Watch account provides additional specific information including:

"U.S. officials have begun to question whether America should continue to send aid to Pakistan, which so far has amounted to $20 billion since 2001."

What could we do with those $$$ in the U.S.?

The news source quotes a statement by Sen. Dick Luger (R-Ind.), the ranking Republican on the Senate Foreign Relations Committee. The Senator describes Pakistan's complex government as consisting of various civilian, military and security groups each of which may erratically control the country. Who is in control at any given time varies and the nation's position on issues can rapidly reverse just as does who's in charge.

Are our taxpayer billions helping bring stability to Pakistan's government, keeping their nuclear capability from becoming dangerously active, or do officials keep the monies?

Certainly Pakistan's behavior toward our nation often seems to be based on conflicting allegiances involving the countries surrounding their borders with actions contrary to U.S. efforts against terrorism.

This is just one of several nations accepting billions of our tax dollars. We need to pay attention to the amount each nation is receiving, how and where that money is used.

A Nightmare of Simplicity

Taxing Trivia

Render unto Caesar -- well, I did on the afternoon of April 17th. I wrote those checks, hopped into the car, drove them to the post office, made certain those paper packed envelopes were weighed, then had the proper amount of postage affixed. We actually had a couple of extra days to file income tax this year for 2006. I needed every one of those days for the federal, state tax preparation and filings.

I fully intended to have an accountant take over this task which my husband had always done himself. I even made a point of adjusting my work schedule after Jan. 1st this year so I would have more time to gradually gather and organize all the records that would be needed. Somehow, something else always seemed to take precedence. Then, at some point I made a determined effort to get started, cleared off the table and proceeded to put anything that might seem even remotely related to taxes there for my perusal.

After my initial flurry of preparation, I came to a screeching halt. Everyday, more than once, I would pass that table, glance at it, make a mental note that I needed to begin my effort. However, there always seemed to be something of much more pressing need, or I concluded I needed to cater to myself abit with some pleasurable activities, which I allowed to always take precedence over this tax task. I even cut back on my work activities from three locations to two about mid-February so I would have more time.

During that time I did have some rather heavy emotional challenges with which to address in my work, so I did feel I needed to be certain to take care I nourished myself, which, of course, lent itself well to my avoiding starting the personal work needed here at home. So, the days, weeks went. Then, finally, work slowed so that I needed to go to only one facility and when that finally was completed, I announced I wouldn't be available for more work until after the tax filing date.

When March slipped by I recognized the time crunch would not permit my being able to submit this task to the accountant, that the responsibility would be mine. Somehow this did not distress me. I hadn't been completely out of the loop, so to speak, through the forty plus years my husband had always prepared our taxes, since I provided information for portions of necessary sections anyway. So, on a Monday morning of the final week, I brewed a pot of regular coffee, thinking this more closely approximated my working environment for many years of my life, though I had switched to green tea here at home some years ago.

I began the methodical sorting through and organizing of papers. None of them had been kept in much semblance of order for the past year. I soon found a need to reference my previous year's calendar on a day to day, monthly basis for mileage computations, other information. Once I began that task I realized later, that I experienced some sort of release from what I have come to think was an unconscious mental block about the whole activity. I had to read entries of various medical appts./tests, special responsibilities associated with my husband that had required my presence, so had notations about reasons for not working those days. Then, on other papers there was information in my husband's handwriting, that he had prepared at my request those many months ago, that triggered even more memories.

I realized during that process of examining my life's activities those first four and a half months of the year, before I was alone, that probably reliving these experiences and that time was what, on some unconscious level, I had been avoiding. Strangely to me, I felt somewhat relieved knowing my irresponsible behavior of irrationally delaying tax preparation could somehow be explained in this manner. For whatever the reasons, that I do not fully understand, the rest of the process of tax preparation that necessitated my reading notes, deciphering figures in my husband's handwriting, became much easier from an emotional standpoint.

With my work tools in place, necessary forms and figures needed compilation, then the next most important step was to figure out which forms to use and which ones not from the many choices. This was no small task and not for the feint at heart, not only for federal tax, but was true for my California state tax, too, maybe even more so. As I progressed using the selected few forms I needed, reading, re-reading instructions, making entries, computing totals, entering them on the designated lines, the question then arose -- take the standard deduction or itemize? I knew what itemization meant which was more figuring, but I knew the comparison was important.

I worked at my leisure, became absorbed in what I was doing, just followed my inclinations that sometimes found me working into the wee hours. For a few days, my days and nights partially traded places, but then just straightened themselves out as the week and my efforts came closer to being completed. I found myself able to devote longer and longer periods of time without needing a break.

A lot of reading was required. So was a lot of re-reading. Determining what went where on the forms could be a bit confusing at times. There was much to be said for checking, double-checking, triple-checking, quadruple-checking and I don't know how to write the numbers for more checking. Actually, come to think of it, the process was a bit like writing, where you write, then you edit, and every time you re-read the piece you keep finding something you either need or want to change. At some point, usually because of a time deadline, you stop, and let the product go as is. That's what I did with my income tax forms. I really am pretty confident they're right, that I put everything in the area it was supposed to go; that I took every deduction I could, that I declared everything I should, that my computations are accurate, that I attached everything I should, that I put the paperwork in the correct order, that I signed and dated every form as required.

I was grateful my husband had kept such methodical records so I could reference the previous year's return, though there were some significant differences from the past year's with what I was now preparing. More than once I found I had overlooked something and had to go back and change a lot of figures and totals. Sometimes I found what I thought was an error he had made that previous year, only to find later the error was mine. Even this did not upset my demeanor. Several times I made phone calls to various places to clarify questions I had. I must say that in every instance, I found everyone very pleasant and accommodating, some doing more than they would have had to do. I found this especially pleasing since state govt. employees were involved and such workers are often maligned as being otherwise.

The only complaint I had about the phone calls applies in other situations, too, so this was just a continuation of an ongoing annoyance for me. I all to often find automated telephone answering services a frustration -- they take longer than if someone just answered the phone in the first place. Too often the choices I want are never on the menu. When I finally get to a point where I can access a person, the line is generally busy, so I must hold. That's not so bad, if it's not too long, but what goes on while I'm holding really annoys me. I am often subjected to repetitive promotions about the establishment's services, when once is enough, or poor quality audio music vocals batter my eardrums when an instrumental would be far more welcomed.

As a young single woman entering the workforce in the 1950s, at minimum wage of what I believe was a dollar an hour with a forty hour work week, all I had to do was complete a small approximately 4"x11" card for income tax declaration. Each successive year as officials "simplified" the tax code, reporting forms grew in size, increased in number to become the nightmare of simplicity we live with today. I can only wonder what the process would be like if it was complex, not simplified for us as the officials keep telling us they're doing.