REDUCING INCOME TAXES FOR LOWER WAGE EARNERS???

Statistics for tax year 2007 have just been released.
The numbers show that the bottom 50% of all
income-earners paid only 2.9% of all taxes paid.
That begs the question: How much further
can you actually reduce a mere 2.9%?

The top 5% (no, not 50% -- just 5%!) of all income
earners paid-in 60.6% of all taxes.
That begs the question: Just how much more
can we "soak the rich" without totally taking away
any incentive to get rich?

WHEN WILL TAX HIKES KICK IN?

Since details are still being actively debated in Congress,
and since any decisions made there will no-doubt be highly controversial,
don't expect to feel any impact until 2011, at the earliest.

IS JET BLUE'S DEAL TAX DEDUCTIBLE?

As you probably know, JetBlue is now
offering an "unlimited, fly-all-you-want
between 9/8 and 10/8 deal for $599.

Want to visit friends and family and have
the air fare 100% tax deductible?

It's possible. Here's how...

IF you have business trips scheduled, or
to-be-scheduled, between 9/8 and 10/8
and IF you could travel by JetBlue,
and IF the normal cost would be greater
than the $599 30-day JetBlue fare, you
could buy the 30-day deal for getting
to/from your business meetings, and, of
course the cost would be tax-deductible.

Since that "unlimited travel" deal covers all
the JetBlue travel you wish to do between
9/8 and 10/8, any additional use, for flying
anywhere, visiting anyone, could be done
on the same tax-deductible ticket.

Rationale: (a) The $599 ticket was purchased
for business travel, (b) traveling to the same
cities, on the same dates, for the same
meetings using any other airline, would have
cost the same or more, so (c) any use of the
same 30-day pass for any other reason would
have no effect on the cost of the business ticket.