Saturday, November 17, 2018

It isn't exactly a "How to Guide," but, it comes close. Interesting though, the Pease Limitations are repealed until 2025. Itemized deductions are now endless.

The best way to end the Trump Tax Cuts is for the Middle Class to never pay taxes. In a well placed plan and the end of the Pease Limitations, PERHAPS, there is going to be enough ITEMIZED DEDUCTIONS for Middle Class families to end their tax liability.

Like, in 2019 all the kids get their dental braces.

Getting braces (click here) or other orthodontic work usually isn't an enjoyable experience for you or your bank account. However, when the work is finished and paid for, you -- or a member of your family -- might end up with an extra tax deduction in addition to a straighter smile....

This is called a tax revolt, it is completely legal and it starts now to plan for paying NO FEDERAL TAXES for the year 2019. Research this mess and tell your neighbors and friends to do their homework and ring in the New Year with a plan to end any tax payments. Imagine filing the 2019 tax return and have every penny refunded.

Figure what your tax liability will be for 2019 and then research what would apply to your household ON AN ITEMIZED DEDUCTION income tax return and plan for a full tax refund when filing in 2020. KEEP RECORDS!

The wealthy do this and now so does every other person in the USA.

November 15, 2018
By Kelly Phillips Erb

The Internal Revenue Service (IRS) (click here) has announced the annual inflation adjustments for more than 60 tax provisions for the year 2019, including tax rate schedules, tax tables and cost-of-living adjustments.
These are the numbers for the tax year 2019 beginning January 1, 2019. They are not the numbers and tables that you’ll use to prepare your 2018 tax returns in 2019 (you'll find them here). These are the numbers that you'll use to prepare your 2019 tax returns in 2020.
If you aren't expecting any significant changes in 2019, you can use the updated numbers to estimate your liability. If you plan to make more money or change your circumstances (i.e., get married, start a business, have a baby), consider adjusting your withholding or tweaking your estimated tax payments. To check out the updated IRS withholding calculator, click here. For more on how to adjust your withholding using the updated form W-4, click here.
Tax Brackets and Tax Rates. The big news is, of course, the tax brackets and tax rates for 2019. There are still seven (7) tax rates. They are: 10%, 12%, 22%, 24%, 32%, 35% and 37% (there is also a zero rate). Here's how those break out by filing status:...
...There are changes to itemized deductions found on Schedule A, including:
  • Medical and Dental Expenses. The "floor" for medical and dental expenses rises to 10% (it was 7.5% in 2018), which means you can only deduct those expenses which exceed 10% of your AGI.
  • State and Local Taxes. Deductions for state and local sales, income, and property taxes remain in place but are limited to a combined total of $10,000 ($5,000 for married taxpayers filing separately).
  • Home Mortgage Interest. You may only deduct interest on acquisition indebtedness - your mortgage used to buy, build or improve your home - up to $750,000 ($375,000 for married taxpayers filing separately). For more on mortgage interest under the new law, click here.
  • Charitable donations. The percentage limit for charitable cash donations to public charities has increased from 50% to 60%.
  • Casualty and Theft Losses. The deduction for personal casualty and theft losses is repealed except for losses attributable to a federal disaster area. For more on casualty losses after a disaster, click here.
  • Job Expenses and Miscellaneous Deductions subject to 2% floor. Miscellaneous deductions, including unreimbursed employee expenses and tax preparation expenses, which exceed 2% of your AGI have been eliminated. For more info, click here.
  • For high-income taxpayers who itemize their deductions, the Pease limitations (click here), named after former Rep. Don Pease (D-OH) used to cap or phase out certain deductions. There are no Pease limitations in 2019....
President Trump can now testify to the devastation of the fires to a degree that appears to be indescribable. It is up to the US Senators and the California House delegation to write bills that return the lands to function and helping the citizens realize their lives are not as devastated as the land.

California is both vital to the GDP for the country and the world. It needs the funding to return function to the land and people.

The air quality also has to be addressed in a different way than the air quality Californians enjoy. MASKS that work to protect the elderly and children are vital. All people need masks to filter those large particles that are currently floating in the air in California. Public messaging needs to be immediately issued to alert citizens to wear masks, especially outdoors. The indoor air quality can be in better condition depending on the filtration of the buildings.

MASKS to protect lungs should be expected as a common phenomenon in the public life of all citizens, including on the job if the indoor air quality has been effected by the outdoor particulates.

Stores should carry a stock of these MASKS as soon as possible. 

I thank President Trump for traveling to California to assess the damage. I believe there was a common understanding between the President and Governor Brown and Governor-Elect Gavin Newsom. 

I did not hear any politics said and that is welcome new dynamic that returns respect to the victims and their needs.

The USA needs SIGNIFICANT DEDICATED FUNDING to defeat the Climate Crisis.

November 13, 2018
By Jennifer Lu

...And while the legacy of America's old fire suppression strategy (click here) resulted in the buildup of excess flammable brush, there are two other key reasons why California is the perfect tinderbox. One is that the state has a growing number of people living in or near fire-prone areas.
The second is that California has a naturally dry climate, made worse by climate change and Trump's disregard for climate policies.
Already, Trump has dismantled several key environmental protections that limit greenhouse gases from oil and gas operations, power plants, and cars. The Environmental Protection Agency under Trump also proposed to take away California's right to regulate tailpipe carbon emissions standards in cars that are more protective than federal standards. These moves would worsen climate change and contribute to the state’s propensity to go up in flames....


Daniel Swain @Weather_West
If Northern California had received anywhere near the typical amount of autumn precipitation this year (around 4-5 in. of rain near #CampFire point of origin), explosive fire behavior & stunning tragedy in #Paradise would almost certainly not have occurred. (1/n) #CAfire #CAwx
12:54 pm Nov 10, 2018

...The U.S. Forest Service estimated in 2015 that climate change has led to fire seasons that are on average 78 days longer than they were almost 40 years ago.
Meanwhile, Trump's threat to suspend funding would cripple firefighting efforts when they’re most needed. The U.S. Forest Service spent more than $2 billion last year to put out fires, a sharp increase that "means we have to keep borrowing from funds that are intended for forest management," said U.S. Secretary of Agriculture Sonny Perdue. “We’ve got great people at the Forest Service and great procedures and processes in place…but if we don’t have a dependable funding source in place, then we’ll never get ahead of the curve on fighting fires.”

There has been increasing incidents across the country whereby utility companies are the core reason for citizen losses, be they deaths or property.

The Camp Fire is highly suspicious of a utility incident that began the deadly fire that burns now because of the climate conditions.

Earlier this year an incident in Massachusetts saw a gas utility explode neighborhoods of homes in two towns. The homes were a complete loss and there was at least one death. This is not simply a coincidence, it regards the deregulation of these utilities to facilitate higher profits.

Literally, the government is trading profits for lives and the people need to move to replace regulations by demanding the utilities to comply to protect lives.

The forest deregulation President Trump wants to instill across the USA would be still yet another assault on the lives of the American people.

2018 Deregulation (click here)

With a dangerous climate, there is no room for error and deregulation is simply wrong.

Inspectors have to be ON THE JOB and there needs to be improved funding for the increased numbers of regulators and inspectors required due to the Climate Crisis.

You can't simply cut down every tree in the country as a means to end wildfires. That is crazy and dangerous. President Trump's words, as usual, are uneducated and based on political crony preferences.


No, they aren't looking for birds.

June 28, 2016
By Zoe Hoyle

Dale Brockway, (click here) research ecologist for the U.S. Forest Service Southern Research Station (SRS), recently published his annual summary of projected longleaf pine cone production for 2016 and 2017. The report shows an overall failure of the crop for 2016, and a fair outlook for 2017.
“Our estimates show the 2016 crop averaging only 3.4 cones per tree,” says Brockway, who is stationed at the SRS Restoring and Managing Longleaf Pine Ecosystems unit in Auburn, Alabama. “The natural variation that we usually see throughout the longleaf pine range is less evident this year, with all sites being fairly low in production.”
Only one site in Bladen County, North Carolina, produced more than 10 cones per tree. All other sites were below that level of output.
“Longleaf pine cone production was very high in 2014, and it’s not unusual for a year of high cone yield to be followed by a couple of years with much smaller crops,” says Brockway. “More productive years will follow, as trees recover their internal resources.”...

Healthy forests with an intact canopy and a moist forest floor because of NATIVE plant coverage is required more than ever in 2018 and into the future. The understory of any forest, including floor cover, is vital to a forest that is not easily ignited. Roads are death to canopy coverage in the way they are carried out today. When a forest floor is opened to strong sunlight the floor begins to suffer and the dryness increases. The liter everyone complains about doesn't occur with a complete canopy.

There is a forest that flourishes better than others with an open canopy, the Long Leaf Pine forests of the southeast USA have an open canopy, HOWEVER, the forest floor is moist and full of safety because of the incredibly diverse and wonderful floor cover. There are only three Long Leaf Pine forests in the southeast USA intact in a way it survives. Yes, there are controlled burns about every three years, however, the return of the biotic content is quick and the forest floor is once again covered in a way that preserves moisture.

If politicians don't understand silvaculture, they should not be setting policy.

November 12, 2018
By Rachel Layne 

Amid California's deadly wildfires, (click here) shares of two major California electric utility companies, PG&E and Edison International, sank Monday. Investors are worried the companies may be liable in the historic fires now engulfing large swaths of the state, killing at least 31 people.

PG&E fell around 14 percent in late Monday trading, bringing its two-day decline to as much as 48 percent since the Camp Fire began to burn near San Francisco last week.

Edison International lost more than one-third of its value over two trading days since the Woolsey and Hill fires broke out near Los Angeles late last week. The stock fell some 12 percent further on Monday....

...PG&E said in a statement it will cooperate with any investigations stemming from the massive wildfires in Northern California. The company told state regulators Thursday that it experienced a problem on an electrical transmission line near the site of the blaze minutes before the fire broke out. PG&E  later saw damage to a transmission tower on the line.

Lynsey Paulo, a PG&E spokesperson, said the information was preliminary and stressed the cause of the fire has not been determined, according to a report from the Associated Press.

PG&E equipment has been involved with several deadly wildfires this year in California, racking up costs of more than $2 billion, net of insurance payments tied to those fires, according to industry publication Utility Dive. The company warned of potential liabilities tied to 2017 wildfires and the risk of inverse condemnation in its annual filing with the Securities and Exchange Commission.

Southern California Edison, a unit of Edison International serving that area, said in a statement Friday that it filed an initial report with preliminary information on the Woolsey fire with the California Public Utilities Commission. Like PG&E, the company also cited potential liability tied to last year's Southern California wildfires in its 2017 annual SEC filing.

There "has been no determination of origin or cause of either wildfire," Southern California Edison said in the statement, the latest on its website. The company added it would "fully cooperate with any investigations."