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I think that you are completely out of touch with economic reality. Most high income earners aren't buying yachts. They are investing in businesses, which in turn results in capital spending and employment. You should be careful what you wish for, because it would have negative consequences...

The IRS would be easy to massively curtail. Simplify the tax code. Do away with ALL of the various targeted exemptions and deductions, then adjust all of the tax rate brackets by an equal percentage to maintain level revenue. Some would pay more, some would pay less. Overall, we'd be better...

Patently false, as shown by the chart I posted just above. I'll speak up and state that I am in the top 1%, and I pay that 40.8% marginal rate in my income. How much do you pay? Somehow, I'm guessing that the majority of people complaining about tax rates being too low aren't really paying...

OK, fair enough. So, anything that's been cut in any of our lifetimes?

...and here is the share of taxes paid by the top 1% and bottom half over time: Your argument does not hold water. In fact, the top 1% are the only people in the US who pay anything close to a "fair share" of taxes under today's policy.

It's easy to just say "somebody else should pay more". Unless you are standing up to pay more yourself, you are part of the problem.

Look at the deficit. They haven't been doing their job properly for a couple of decades now, and The actual tax burden of the top 1% was LOWER in that time period than it is today. Statutory earned income rates do not correlate to actual effective rates. Are you aware, for example, that the...

The question that needs to be asked is which of these functions are actually necessary. I would bet the cost of an annual that you could cut 30% of the federal government's functions and less than 1% of the population would notice. (To be clear - I'm not saying 30% of the overall budget.) The...

Yup. This happened to me. I had to divert from a pre-PPL solo XC due to destination weather as well, and ended up with just under the time requirement. CFI asked why I didn't burn time with an extra 15 minutes of steep turns on one of my flights....yeah, I failed to track it all while in...

I'm going to disagree with this. No matter where you are on the income scale, if you have a job you can put at least 5% into long-term savings/investment. The way I explained it to my kids was like this: Look up and down your street or apartment row. I guarantee that someone there is getting...

Most large companies set their annual budgets in Q4 of the preceding year, based on the preceding 12 months (rolling forecasting).

I don't think anybody suggests otherwise at the lower levels. The issue is much higher-level. Decisions like base closures, systems procurement, inventory replenishment, etc., are made by Congress, often against clear requests and guidance from the Pentagon. When district-level pork-barrel...

Even that won’t solve the problem of entitlements. The SS funding system is fatally flawed - alwasy has been, and always will be. The problem is demographics. Unless everyone retirement eligibility moves back to the original plan assumptions (average 3-4 years of retirement) AND we return to...

You're not wrong, and that was my read. That said, in my relatively short time dealing with FAR/AIM and CFR, it has become exceedingly clear to me that it's a whole lot better to ask an expert's opinion than to assume and find out the hard way.

Reading the CFR, it says that annuals are good for 12 calendar months. If an annual is dated, say, December 1, does that imply that it is good through December 30 of the following year?

Don't forget the coffee!

That's funny....the only people I hear say this sort of thing about Texas are people who don't live here. I wonder why that might be?

Ouch. Now I feel lucky for mine only being a tire!

....and we had a disappointing day today. After about an hour of flight, the ABS CFI and I landed (very smoothly) at KENW. We got taxi instructions, rolled back up to the hold short line, and paused to re-load the flight plan and check everything before heading back to home base. Tower clears...

What were the ET and reaction times?