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 - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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