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Non-Tech : Kirk's Market Thoughts

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To: Steve Lokness who wrote (3131)	5/26/2015 8:58:09 PM
From: Kirk ©	of 26769

Ideally, it is probably best to have what we have in CA which is having three major tax revenue sources. THey are taxing income, spending and breathing (property tax since you have to breath someplace unless you are homeless then someone else pays for it). But, when you look at taking 13.30% at the top bracket for income tax, then take 9 or 10% for whatever they buy with the money... then if they buy an average $1M SF Home, you get another $12,000 a year, give or take... it starts to add up to serious restraints on growth unless you believe we get great value for this money. I don't... I paid via taxes to educate a neighbor's three kids through college and they all moved out of state so my return on that investment is zero... while my neighbor got to deduct the cost of those kids on his Fed and state taxes.... so... anyway... just grumbling. If I live to 100+, delay taking Social Security until I'm 70 and spend my cash before then to live well.... I'll do well enough. Maybe the obesity epidemic where many people now do not live as long as their parents did is all a government plot to save on Social Security.

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