11/07/2008

Tax and Spend

Did anyone really believe he would cut taxes????

http://news.yahoo.com/s/ap/20081107/ap_on_el_pr/obama

"Obama also left the door open to the possibility economic conditions might prompt him to change his tax plan that would give a break to most families but raise taxes on those making more than $250,000 annually."

8/19/2008

New Wheels

Take a look at my new ride.

Pretty awesome, eh? And it cost 0.2% as much as Steph's new ride. And hers is only a 5 speed, not an awesome 18 speed like mine. My ride uses less gas too.

The goal of this new bike is to use it as my winter bike--something cheap that I don't care how beat up and rusty it gets from the salt and snow and cold. I've already removed the baby seat. Although it weighs about a thousand pounds, I'm planning on converting it to a single-speed too, so I have less to rust out. From riding last winter, I determined even geared bikes are effectively single-speeds once the cables and derailleur springs rust so shifting freezes up. At least this way I can make a conscious decision of which gear to use instead of being at the mercy of whichever gear gets randomly chosen by the road sludge.

8/02/2008

Makenna Jane

Makenna Jane was born Tuesday 7/29/08 at 1:51PM. She weighed in at 6lbs 14oz and was 19 inches long. Mommy and baby are both doing great.


Evie's a proud big sister. She keeps asking to "have Makenna back," which means hold her.

7/18/2008

Graduated Tax Model

I saw this story about our tax system in the comments to a Journal Times article. It relates to the misleading notion that Bush's tax cuts are only for the wealthy.

A Graduated Tax Model
From the University of Georgia - Bar Stool Economics

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do.

The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. 'Since you are all such good customers,' he said, 'I'm going to reduce the cost of your daily beer by $20.' Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:

The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33% savings).
The seventh now pay $5 instead of $7 (28% savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.

I only got a dollar out of the $20,'declared the sixth man. He pointed to the tenth man,' but he got $10!' 'Yeah, that's right, 'exclaimed the fifth man. 'I only saved a dollar, too. It's unfair that he got ten times more than I!' 'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!' 'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!'

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered somethi ng important. They didn't have enough money between all of them for even half of the bill!

And that, ladies and gentlemen, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D. Professor of Economics University of Georgia

For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible.

7/14/2008

Bye Bye Civic

This little red car served me well for 7 1/2 years, and now it's gone. Oh the memories... I remember driving up to the North Shore for a small group retreat a few weeks after buying it. And falling in love with gas station cappucinos on my morning commute. And Mikey and me washing our cars in the drive on nice Saturday afternoons in SLP. Lots of road trips back to Illinois. And it was usually there to drive me home from the airport after a business trips. I hauled bikes on top for many mountain biking adventures. I picked up Rhema in this car. And this little red car picked up my now wife for all our dates. And for those who know how I dirve...I surprisingly didn't get any speeding tickets in the little red (want-to-be-sports) car.

5/22/2008

All Done!

It's all done and official. We don't own our house anymore. How can I possibly be relieved after such a painful kick in the teeth? Well, it's just a relief to not be paying a mortgage that I can't afford on a house I haven't lived in for 9 months. Now the fun begins--seriously looking for a place to live out here!

5/16/2008

Bike to Work

I have to say I love biking to work. Some days like today, I'm struck anew by how much I enjoy peddling in. I just moved in to Steph's parents' place, which is another 3 miles farther from work, and the roads are a little busier. So I've been hesitant, knowing it will take a little longer and I'll have to deal with more traffic. But I hopped on the bike and road in this morning. Oh, it's just such a good feeling to get in to work after having a good workout, not dealing with the stresses of driving and stoplights and freeways. No radio or unnecessary noise to irritate my sensitive just-woke-up ears. Just peace and quiet and riding as fast as I can.

4/18/2008

Sold...tentatively...

The year of waiting is finally over. We have a buyer for our house!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! (Count the exclamations--that's really how excited I am about this.) The purchase agreement is all signed by both parties, and the buyer's inspection is complete but we have to wait 2 days to see if they have any issues with the inspection. And we now find out that our Truth in Housing report never got filed with the city. In fact, we never received a copy of it ourselves. Thankfully we have proof of payment, so the inspector is going to re-inspect ASAP. It's quite strange that after 13 months of selling the house, we're the ones holding up the process.

And by the way, we're planning on loading up a U-Haul Saturday morning May 10 and will be looking for volunteers to help. I know I can't carry a queen-size bed by myself and won't be expecting much help from my 6-month pregnant wife.

1/25/2008

2008 Update

Well, it's been over a month since my last post. Shame on me! Here's a quick summary of what's been going on:

  • Moved out of the condo we were staying in and back in with the in-laws in mid-December. Steph's grandma came back from Florida for Christmas, and she wanted to live at her place. We decided a 2 bedroom condo with 3 adults, a toddler, and a dog would be a little crowded. This move happened right around the time of my last blog post.
  • We're expecting our second child in August. Steph feels rotten most of the time--so we're still staying with her parents. We've had fun battles with our insurance company trying to get them to pay for medicine to keep food down. Twice I've been at Walgreen's picking up a prescription only to be told insurance isn't covering it. The first time they said they would only cover 9 pills every 21 days. At $25/pill and 2 per day, that didn't make me happy. Eventually we got it worked out so insurance paid it all and we're down to one per day. The second incident was after the new year, when our prescription insurance company changed behind the scenes. That was a fairly painless issue since all I had to do was print out new insurance cards.
  • I took the plunge into home brewing. I bought fermentation equipment and an ingredient kit to make a 5-gallon batch of Oktoberfest. I bottled the beer Monday, and it's currently carbonating. Hopefully I will be able to celebrate Groundhog Day with a nice bottle of home brew. Mmmmmm.
  • No bites, no nibbles, no sign of any activity whatsoever on our house. We had 1 showing in December. We have 2 open houses scheduled for this weekend. I'm skeptical, but trying to be optimistic. Someday the tundra will thaw, and Minnesotans will crawl out from their frozen cocoons and want to buy my house. Hopefully we'll get it sold and get settled into a new house in Milwaukee before the baby's born.