FAKE Government Reports

Biden is out for your legacy, your property, and your future.

Why?

• The top marginal income tax bracket would rise to 39.6%. The change would apply to 2022 income above $452,700 for individuals and $509,300 for a married couple, according to a report in Axios. This will end up raising taxes on individuals who sell any real property that has appreciated in value by 300% minimum, which Biden promised not to do during his presidential campaign.

• Those earning income above $500,000 in any year and that includes the capital gain on any property you sell plus any ira, 401(k) retirement, social security, interest, and any other income (tips, etc)  would have their capital gains—whether short-term gains or long-term gains—taxed at 39.6% as well. Currently all long-term capital gains are taxed at 20% MAXIMUM for those earning over $400,000  but if you have a total of less than $70,000 long term capital gains are 0%. When you include the 3.8% net investment income tax (NIIT), that rate jumps to 43.4%. If you include state income taxes, the tax rate could rise to as much as 48%.   The worst hit are the low earners.  Under Trump 0%  Under Biden 43%.   This means if you sell your home to buy that smaller retirement home, you can't afford it.    And if you leave it to your kids they can't afford it either.  They have to sell the property to pay the tax.

• Inherited assets that have gone up in value by more than $500,000 since the time they were bought would be taxed upon death of the owner. at 43% regardless of what your income was.   This is a true death tax.  No country in the world does this.  It is a tax on inflation.   Why? Right now, the basis of those assets—aka the baseline that determines the amount of capital gains or losses—is stepped-up to the fair market value at the time of the owner’s death.

The Biden is a liar of the first order.   He claims to tax the rich.   But the rich are immune to this.  They use trusts foundations and corporations, just like Joe does, just like Nancy P does,  Just like everyone who worked on this plan does to avoid these taxes altogether.   

The very idea this plan helps the middle class is retching.   What it does is help itself to the assets the working middle class has amassed through hard labor and investments over their lifetimes.   It is stealing, pure and simple.

FAKE Government Reports

I don't post many things here.  Just the important ones.   About 6 years ago I warned aboutthe increased taxes of Obamacare and they all cam through.   Only recently have they been reduced thanks to the new administration.  Gone also is the particularly onerous regulation that you give up your citizenship or buy healthcare insurance.   So good things are happening.   Much to the consternation of our government entrenched bureaucracy and certain activists.

Recently we had what we thought was a simple oversight where a psychopath was able to buy an AR-15 with which, he shot up a Florida School killing 17 people.   Again what failed was trust in government.  We now know the policy of the school was NOT to report because it hurt their federal income that was based on lowering suspensions and arrests.  So what they did was choose not to report violent or psychotic people to the agencies.  And the agencies were under the same umbrella of gaining money because they lowered these incidents.   So their inclination was not to follow up or even put people into the gun check system   Wow.  Looks like they did it to themselves.   Then the Sheriff's policy was not to directly confront a shooter unless you had overwhelming power.   That brings to mind the words of Abraham Lincoln when he assessed General McClellan    , General of the Army of the Potomac during the Civil War.  McClellan holed up for a year doing nothing but asking for more troops and more equipment.  And every night the Rebels would sneak attack the Union troops killing hundreds over that time mostly while they drilled.   Lincoln in complete frustration said "Get me someone who will fight."  And General Grant took over.   It wasn't easy and many uUnion Troops died but the USA won and slavery was ended for good.  Sometimes Risk is worth it.

Putting both of those things together, the inapplicability of Trust when depending on government and the policy of police that says "Me First" (except at contract negotiation time) I feel compelled to pass on a warning of another Government system poorly conceived and poorly implemented.  So here it is.  The Warning is from the most respected patient advocate group in the State, at least in my opinion.  The California Advocates for Nursing Home Reform. CANHR  at CANHR.org.,
I'll let it stand on its own.

"On January 12, 2018, the California Department of Public Health (DPH) launched a new website – Cal Health Find – that provides highly deceptive information on the performance records of California nursing homes. CANHR strongly advises consumers not to rely on it for selecting a nursing home until DPH makes major changes and corrections to the site.

Presently, none of its information on nursing home inspection histories is reliable and much of it is dangerously misleading. Key problems with Cal Health Find include:

• Inspection reports, complaint records and citations prior to 2016 have been deleted;
   
• The number of complaints filed against individual nursing homes is extremely inaccurate (some nursing homes have dozens more complaints than is reported);
   
• The number of reported deficiencies (violations) for individual nursing homes is often lower than the actual number of deficiencies;
   
• The reported statewide average number of nursing home complaints and deficiencies is far below actual levels;
   
• A complete lack of useful information on nursing home chains.

Consequently, Cal Health Find systematically makes nursing homes appear to have much better compliance histories than they actually do.

The Department of Public Health reports it is working on some corrections but it is far from certain that changes will be meaningful or that updated information on individual nursing homes will be accurate. A high-ranking DPH official described the Cal Health Find website as the “best in the nation” at a public event after having been advised by CANHR of its systemic flaws.

Compounding the problem, the Department of Public Health has not posted a warning to alert users of the serious errors on Cal Health Find and has stated that it has no plans to do so.
 Until Cal Health Find’s problems are corrected, consumers are best advised to use DPH’s Health Facilities Consumer Information System (HFCIS) for information on California nursing home inspection reports and compliance histories. Cal Health Find is intended to replace HFCIS but both sites are operating at the moment. "