Click here to hear the Brooklyn Tabernacle at the Inauguration
Every year, a small college in northern Michigan compiles a list of words and phrases to eliminate from everyday vocabulary due to misuse, overuse and/or annoyance. In years past, words as amundane as “amazing” or as trendy as “LOL” made the list. Personally, I am of the opinion that any spoken text abbreviation should be banned. Do people realize that actually saying, ‘by the way’ is shorter syllabically than ‘BTW’?
At the top of the list this year – not surprisingly – is ‘fiscal cliff.’ I’m not too worried about phasing that one out. I mean, once we go over it, we’ll need a new expression, anyway. ‘Fiscal chasm’? ‘Fiscal gorge’? I don’t see this expression going away anytime soon. I can’t imagine a politician frank enough to say, “We’re going to ignore this problem for a few weeks and hope it disappears.”
Next is ‘double down’, which has lost all meaning. In black jack, doubling down is doubling a bet on a potentially winning hand in hopes of doubling the payout. In politics and media, the expression seems to mean repeat: double down on a bailout. At a bar, it means get another round: double down on the margaritas. The list also includes the phrase ‘job creators.’ Since they don’t seem to exist, that expression could just fade away on its own.
I thought ‘passion’ was a strange choice for the list, but after thinking about it, it occurs to me that passion has replaced every other requirement for being good at something. He has a passion for race car driving, she has a passion for designing clothes. Good for you. I have a passion for going into outer space, but that doesn’t mean I’ll be captaining the shuttle anytime soon.
If there are no teens in your life, you’ve probably never heard the expression, ‘YOLO.’ It’s a text abbreviation and acronym for, ‘you only live once.’ Teenagers use it in a manipulative attempt to get their way or justify some act of stupidity. It’s about as valuable to the English language as ‘what-not.’ The phrase ‘spoiler alert’ is next. In the context of movie reviews, ‘spoiler alert’ is a necessary evil. It notifies the reader that the writer is going to give something away about the plot. However, walking into a room and shouting, Spoiler Alert! The Yankees just traded A-Rod, tends to render the expression moot. Really, “breaking news” seems more suitable.
“Bucket list’ – it was a great movie, but enough is enough. People are bucket-listing everything. I have a bucket list of work accomplishments, as well as flavors to try at Baskin-Robbins. It was a good phrase and we killed it. ‘Trending’ is apparently trending. Anyone who questions whether this term has become hideously overused need only watch fifteen minutes of E!
Next on the list was ‘superfood.’ Yeah, good luck trying to pry that one out of the hands of the kale industry. Another food-related term: boneless wings. Trust me, that phrase is going nowhere. If they called them what they really were, nobody would order them. They final word on the list is guru, which replaced tsar (and soon enough, some other over-inflated and self-important title will replace guru) Maybe at some point, actual job titles will make a comeback.
Well, that was the list for 2012. A new crop of words will emerge late this year, probably related to the economy or politics or movies, it just depends on what’s trending.
by Binyamin Appelbaum and Catherine Rampell of The New York Times
WASHINGTON — Only the most affluent American households will pay higher income taxes this year under the terms of a deal that passed Congress on Tuesday, but most households will face higher payroll taxes because the deal does not extend a two-year-old tax break.
The legislation, which was forged in the Senate and overcame resistance in the House late Tuesday will grant most Americans an instant reversal of the income tax increases that took effect with the arrival of the new year. Only about 0.7 percent of households will be subject to an income tax increase this year, according to the Tax Policy Center, a nonpartisan research group in Washington. The increases will apply almost exclusively to households making at least half a million dollars, the center estimated in an analysis published Tuesday.
But lawmakers’ decision not to reverse a scheduled increase in the payroll tax that finances Social Security, while widely expected, still means that about 77 percent of households will pay a larger share of income to the federal government this year, according to the center’s analysis.
The tax this year will increase by two percentage points, to 6.2 percent from 4.2 percent, on all earned income up to $113,700.
Indeed, for most lower- and middle-income households, the payroll tax increase will most likely equal or exceed the value of the income tax savings. A household earning $50,000 in 2013, roughly the national median, will avoid paying about $1,000 more in income taxes — but pay about $1,000 more in payroll taxes.
Sabrina Garcia, a 35-year-old accounting assistant from Quincy, Mass., who together with her husband made about $102,000 last year, said the payroll tax increase equated to “about $200 a month for my family.”
“That’s a lot of money for us,” Ms. Garcia said. “It means we will have to cut back.” She said in an e-mail exchange that she will most likely will postpone buying a new computer. “And forget about being able to save money,” she added.
The deal will impose larger tax increases on those who make the most. It will raise taxes in two ways: by restoring limits on the amount of income affluent Americans can shelter from federal taxation, and by returning to a top marginal tax rate of 39.6 percent. The current rate is 35 percent.
For married couples filing jointly, the deduction limits apply to income above $300,000, while the top tax rate kicks in above $450,000. But both numbers are somewhat misleading, because “income” in this context is a technical term, referring only to the portion of income subject to taxation after exemptions and deductions.
Few households with actual incomes of less than half a million dollars will face a tax increase. The Tax Policy Center calculated that less than 5 percent of families earning $200,000 to $500,000 will actually pay more.
The size of those increases will be much smaller than President Obama originally proposed. The net effect, according to the center’s estimates, is that the top 1 percent of households will see an average income tax increase this year of $62,000 rather than $94,000. “The high-income people really are doing very well in this compared to what the president wanted to do,” said Roberton Williams, a senior fellow at the Tax Policy Center.
The deal passed by the Senate and the House will impose fewer limits on deductions than the White House plan. It will also tax income from dividends at a flat rate of 20 percent, rather than the same marginal rate as earned income. And there is another important point, often misunderstood: Affluent households will pay the new 39.6 percent rate only on income above $450,000. They and everyone else will still will pay lower rates on income below that threshold.
Households making $500,000 to $1 million will pay an additional $6,700 in taxes on average. Those making more than $1 million will pay an additional $123,000 on average.
Changes in the estate tax will also benefit affluent families. The tax will not apply to the first $5 million of an inheritance, extending the current exclusion rather than reverting to the $3.5 million threshold that President Obama initially favored. However, wealth above that amount will be taxed at a rate of 40 percent rather than the previous rate of 35 percent.
The Obama administration did win a five-year extension of tax breaks for lower-income families, including the child tax credit and earned-income tax credit. Those credits eliminate income tax liability for many lower-income families. In many cases, the government actually makes a direct payment to the family to help offset the burden of payroll taxation — up to $1,000 a child under the child credit and up to $5,900 total under the earned income credit.
The deal will also restore unemployment benefits for about two million Americans. People who can’t find work, and have already received government checks for the standard period of 26 weeks, have been able to stay on the rolls for up to an additional 47 weeks. But financing for that program, which is aimed at the states with the highest unemployment rates, expired Saturday. Under the terms of the deal, people who are eligible will receive any missed benefits retroactively.
The deal also includes new rules for the alternative minimum tax, which threatened this year to impose higher taxes on roughly 30 million households. The tax was created in the 1960s to set a lower limit on the taxes paid by the most affluent households, but the eligibility threshold was not indexed to inflation, so it theoretically encompasses a larger share of households with each passing year. Congress has repeatedly passed short-term increases in the threshold; the deal will make those increases automatic, obviating the annual ritual.
That is small consolation for middle-income Americans like Joe Interlandi, 61, a long-haul trucker who on Tuesday was driving a load of tomatoes from Florida to Los Angeles.
Mr. Interlandi, writing from a rest stop, said he understood the need for higher taxes. He will rather pay more now than impose higher taxes on his children and grandchildren, he said.
But Mr. Interlandi, who estimated that he worked 100 hours many weeks, added that the payroll tax increase still meant he will need to spend even more time on the road. Describing things he will have to cut back on, he wrote, “Family outings like vacations, and time together.”
Associated Press
Jan 3, 12:34 AM EST
Cliff averted, next fiscal crisis in 2 months will be over taxes, spending _ plus debt limit By ANDREW TAYLOR |
|||||||||||||||||
WASHINGTON (AP) — Onward to the next fiscal crisis. Actually, several of them, potentially. The New Year’s Day deal averting the “fiscal cliff” lays the groundwork for more combustible struggles in Washington over taxes, spending and debt in the next few months. President Barack Obama’s victory on taxes this week was the second, grudging round of piecemeal successes in as many years in chipping away at the nation’s mountainous deficits. Despite the length and intensity of the debate, the deal to raise the top income tax rate on families earning over $450,000 a year – about 1 percent of households – and including only $12 billion in spending cuts turned out to be a relatively easy vote for many. This was particularly so because the alternative was to raise taxes on everyone. But in banking $620 billion in higher taxes over the coming decade from wealthier earners, Obama and his Republican rivals have barely touched deficits still expected to be in the $650 billion range by the end of his second term. And those back-of-the-envelope calculations assume policymakers can find more than $1 trillion over 10 years to replace automatic across-the-board spending cuts known as a sequester. “They didn’t do any of the tough stuff,” said Erskine Bowles, chairman of Obama’s 2010 deficit commission. “We’ve taken two steps now, but those two steps combined aren’t enough to put our fiscal house in order.” In 2011, the government adopted tighter caps on day-to-day operating budgets of the Pentagon and other cabinet agencies to save $1.1 trillion over 10 years. The measure passed Tuesday and signed Wednesday by Obama prevents middle-class taxes from going up while raising rates on higher incomes. It also blocks severe across-the-board spending cuts for two months, extends unemployment benefits for the long-term jobless for a year, stops a 27 percent cut in Medicare fees paid to doctors and prevents a possible doubling of milk prices. The alternative was going over the cliff, an economy-punching half-trillion-dollar combination of sweeping tax increases and spending cuts. Despite the deal, the government partially went over the brink anyway with the expiration of a two-year cut in Social Security payroll taxes of two percentage points. Action inside a dysfunctional Washington now only comes with binding deadlines. So, naturally, this week’s hard-fought bargain sets up another crisis in two months, when painful across-the-board spending cuts to the Pentagon and domestic programs are set to kick in and the government runs out of the ability to juggle its $16.4 trillion debt without having to borrow more money. Unless Congress increases or allows Obama to increase that borrowing cap, the government risks a first-ever default on U.S. obligations. Republicans will use this as an opportunity to leverage more spending cuts from Obama, just like they did in the summer of 2011. House Speaker John Boehner, R-Ohio, vows that any increase in the debt limit – which needs to be enacted by Congress by the end of February or sometime in March – must be accompanied by an equal amount in cuts to federal spending. That puts him on yet another collision course with Obama, who has vowed anew that he won’t let haggling over spending cuts complicate the debate over the debt limit. The cliff compromise represented the first time since 1990 that Republicans condoned a tax increase. That has whipped up a fury among tea party conservatives and increased the pressure on Boehner to adopt a hard line in coming confrontations over the borrowing cap and the spending cuts that won only a two-month reprieve in this weeks’ deal. Put simply, House Republicans are demanding new spending cuts – possibly through changes in Social Security and Medicare benefit formulas – as a scalp, and they’re dead set against raising more revenues through anything less than an overhaul of the tax code now that Obama has won higher taxes on the wealthy. “Now the focus turns to spending,” Boehner said after Tuesday’s vote, promising that future budget battles will center on “significant spending cuts and reforms to the entitlement programs that are driving our country deeper and deeper into debt.” Obama is just as adamant on the other side, saying higher revenues have to be part of any formula for further diverting the automatic spending cuts. While conservative activist Grover Norquist gave Republicans a pass on violating his anti-tax pledge with this week’s vote, he and other forces on the right won’t be so forgiving on any future effort to increase revenues. The refusal of Republicans to consider additional new taxes is sure to stir up resistance among Democrats when they’re asked to consider politically painful cuts to so-called entitlement programs like Medicare. Democratic protests led Obama and Boehner to take a proposal to increase the Medicare eligibility age off the table in the recent round of talks. The upshot? More scorched-earth politics on the budget will probably dominate the initial few months of Obama’s second term, when the president would prefer to focus on legacy accomplishments like fixing the immigration problem and implementing his overhaul of health care. The relationship between Boehner and Obama has never been especially close and seemed to have suffered a setback last month after the speaker withdrew from negotiations on a broader deficit deal. The two get along personally, but politically, a series of collapsed negotiations has bred mistrust. The White House has the view that Boehner cannot deliver while the speaker is frustrated that matters brought up in his talks with the president are not followed through by White House staff. And on the debt limit, Boehner and Obama at this point are simply talking past each other. “While I will negotiate over many things, I will not have another debate with this Congress over whether or not they should pay the bills that they’ve already racked up through the laws that they passed,” Obama said after the deal was approved. Said Boehner spokesman Michael Steel: “The speaker’s position is clear. Any increase in the debt limit must be matched by spending cuts or reforms that exceed the increase.” © 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use. |
- eg Hoffman had been begging his parents for an iPhone all year. So on Christmas morning he was thrilled to find the object of his desire under the tree, but there was a catch.
The phone came with an 18-point set of terms and conditions that he had to agree to before the phone could be his. And the agreement did not come from Apple or the phone provider, it was from his mother.
“Merry Christmas! You are now the proud owner of an iPhone. Hot Damn! You are a good & responsible 13 year old boy and you deserve this gift,” the agreement begins. “But with the acceptance of this present comes rules and regulations.”
The first rule on his mother’s list: “It is my phone. I bought it. I pay for it. I am loaning it to you. Aren’t I the greatest?”
“I hope that you understand it is my job to raise you into a well rounded, healthy young man that can function in the world and coexist with technology, not be ruled by it,” Janell Hoffman wrote. “Failure to comply with the following list will result in termination of your iPhone ownership.”
“I love you madly & look forward to sharing several million text messages with you in the days to come,” she added.
“Oh my God. My first reaction was, why? Why did she really have to do this?” Hoffman told “Good Morning America” today.
“What I wanted to do and show him [is] how you could be a responsible user of technology without abusing it, without becoming addicted,” Janell Hoffman said.
Hoffman herself is a blogger and mother of five in Cape Cod, Mass. She wanted her son to avoid many of the pitfalls that both smart phone using teens and adults fall prey to.
“Do not use this technology to lie, fool, or deceive another human being,” read rule number seven. “Do not involve yourself in conversations that are hurtful to others. Be a good friend first or stay the hell out of the crossfire.”
Other rules forbid porn and the sending or receiving of “pictures of your private parts or anyone else’s private parts.” The rules also outline the hours and places the phone may be used.
“It it rings, answer it,” said rule number three. “It is a phone. Say hello, use your manners. Do not ever ignore a phone call if the screen reads ‘Mom’ or ‘Dad.’ Not ever.”
Hoffman said that the lessons she outlined were for her son’s iPhone usage, for his life and for anyone too attached to their mobile device.
“Keep your eyes up. See the world happening around you,” she encouraged. “Stare out a window. Listen to the birds. Take a walk. Talk to a stranger. Wonder without Googling.”
Teen behavior expert Josh Shipp says a set of rules are a must for teen iPhone use.
“You wouldn’t’ give your kid a car without making sure they had insurance,” said Shipp, who is the host of Lifetime’s “Teen Trouble.” “And so giving them a cell phone or a computer without teaching them how to use it responsibly is irresponsible on the part of the parent.”
Here’s Janell Hoffman’s full list of rules for her son, originally posted on her blog:
Dear Gregory
Merry Christmas! You are now the proud owner of an iPhone. Hot Damn! You are a good & responsible 13 year old boy and you deserve this gift. But with the acceptance of this present comes rules and regulations. Please read through the following contract. I hope that you understand it is my job to raise you into a well rounded, healthy young man that can function in the world and coexist with technology, not be ruled by it. Failure to comply with the following list will result in termination of your iPhone ownership.
I love you madly & look forward to sharing several million text messages with you in the days to come.
1. It is my phone. I bought it. I pay for it. I am loaning it to you. Aren’t I the greatest?
2. I will always know the password.
3. If it rings, answer it. It is a phone. Say hello, use your manners. Do not ever ignore a phone call if the screen reads “Mom” or “Dad”. Not ever.
4. Hand the phone to one of your parents promptly at 7:30pm every school night & every weekend night at 9:00pm. It will be shut off for the night and turned on again at 7:30am. If you would not make a call to someone’s land line, wherein their parents may answer first, then do not call or text. Listen to those instincts and respect other families like we would like to be respected.
5. It does not go to school with you. Have a conversation with the people you text in person. It’s a life skill. *Half days, field trips and after school activities will require special consideration.
6. If it falls into the toilet, smashes on the ground, or vanishes into thin air, you are responsible for the replacement costs or repairs. Mow a lawn, babysit, stash some birthday money. It will happen, you should be prepared.
7. Do not use this technology to lie, fool, or deceive another human being. Do not involve yourself in conversations that are hurtful to others. Be a good friend first or stay the hell out of the crossfire.
8. Do not text, email, or say anything through this device you would not say in person.
9. Do not text, email, or say anything to someone that you would not say out loud with their parents in the room. Censor yourself.
10. No porn. Search the web for information you would openly share with me. If you have a question about anything, ask a person ? preferably me or your father.
11. Turn it off, silence it, put it away in public. Especially in a restaurant, at the movies, or while speaking with another human being. You are not a rude person; do not allow the iPhone to change that.
12. Do not send or receive pictures of your private parts or anyone else’s private parts. Don’t laugh. Someday you will be tempted to do this despite your high intelligence. It is risky and could ruin your teenage/college/adult life. It is always a bad idea. Cyberspace is vast and more powerful than you. And it is hard to make anything of this magnitude disappear — including a bad reputation.
13. Don’t take a zillion pictures and videos. There is no need to document everything. Live your experiences. They will be stored in your memory for eternity.
14. Leave your phone home sometimes and feel safe and secure in that decision. It is not alive or an extension of you. Learn to live without it. Be bigger and more powerful than FOMO — fear of missing out.
15. Download music that is new or classic or different than the millions of your peers that listen to the same exact stuff. Your generation has access to music like never before in history. Take advantage of that gift. Expand your horizons.
16. Play a game with words or puzzles or brain teasers every now and then.
17. Keep your eyes up. See the world happening around you. Stare out a window. Listen to the birds. Take a walk. Talk to a stranger. Wonder without googling.
18. You will mess up. I will take away your phone. We will sit down and talk about it. We will start over again. You & I, we are always learning. I am on your team. We are in this together.
It is my hope that you can agree to these terms. Most of the lessons listed here do not just apply to the iPhone, but to life. You are growing up in a fast and ever changing world. It is exciting and enticing. Keep it simple every chance you get. Trust your powerful mind and giant heart above any machine. I love you. I hope you enjoy your awesome new iPhone. Merry Christmas!
xoxoxo
Mom