Wednesday, April 10, 2013

Four kinds of people

Four kinds of people:

1.  People who you think are wrong about most things, and not very nice about their wrongness.
2.  People who you think are wrong, but pretty nice about it.
3.  People who you think are right about most things, but not very nice about it.
4.  People who you think are right about most things, and nice about it.

For the Christian, being “nice,” is not ultimately what life is all about. But neither is it just a low-level option for those who are commanded by Scripture to “speak the truth in love.” The order of the commandment—truth first, love second—suggests that being “nice” can’t happen unless such behavior is rooted first in the Truth, but neither can Truth be heard unless it is wrapped in Love.

Thursday, April 4, 2013

Hudson's Tax Plan

Sales Tax:
  • 5% rate
  • Not taxed:
    • State and Local Taxes
    • Exports
    • Interest payments of all kinds  
      • mortgage
      • consumer
      • investment
    • Investments of all kinds
      • Real Estate purchases
      • Equity purchases
  • Notable INCLUSIONS:  
    • education
    • services
    • wholesale products and services
    • purchases by non-profits
Corporate Income Tax:
  • 10% rate
  • Not taxed
    • capital gains and losses
  • Deductible:
    • domestic purchases and expenses
    • domestic payroll
    • dividends paid
    • depreciation (life of asset)
    • depletion
    • sales tax (see above)
  • Not deductible:
    • foreign payroll
    • foreign purchases and expenses
    • gifts and contributions
Personal Income Tax:
  • 20% rate
  • Personal exemption:  $12,500.
  • Not taxed:
    • nothing
  • Deductible
    • charity
  • Not deductible
    • mortgage interest
    • medical expenses
    • retirement "investments"
    • capital losses
  • Notable inclusions
    • capital gains
Not Taxed:
  • Estates
  • Gifts
  • Payroll
  • Excise
  • Import and export tariffs