Posted by Dave H (MI) on March 27, 2015 at 08:00:33 from (50.108.3.249):
In Reply to: Our Economy posted by John in La on March 27, 2015 at 06:41:36:
I have seen two W-2's this year with wages exceeding $1 million. I would say only about 1-2% of the returns this year have unemployment W-2 forms. Almost every middle class return I touch shows an increase in income of $10-15K. Dividends are up and Capital Gains are off the chart. Interest income is still low. On the low income returns, income is fairly static, not much by way of investment income. Just paying on the mortgage and taxes. The very low income folks still have no health insurance and are excluded from the penalty under the Affordable Care Act. Just some observations.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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