Expense Budget

Barack Obama has proposed a budget that punishes the most productive members of society in the name of altruism. You may defend this altruism in the name of self-righteous democracy. But is a democracy a moral form of government? In a pure democracy, a government is sanctioned to follow the will of a majority. Think about this question though – if a majority in a democratic country believes it to be acceptable to eliminate (or live at the expense of) a minority, is that form of government a moral one? Our founders were the first, and the only, people in history to found a government based on a moral principle – they sought to ensure that, regardless of how noble-sounding the cause, no government, no majority group, can impose its will to violate the sacred freedom of even a single individual. Our government was never intended to be a “democracy.” Our founders recognized that a tyranny of the masses was as repulsive as a tyranny of a single ruler. The form of government they gave to us was, as Benjamin Franklin described it, “a Republic if you can keep it.” Our defense of the individual is the very reason we haven’t had a Hitler or a Mussolini; our defense of the individual is the very reason why we are collectively the greatest country this world has ever known.

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House Republicans’ Friday vote to end Medicare will show America whose side they’re on. The GOP plan would give tax breaks to millionaires and billionaires at the expense of seniors and Medicare.

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Short demonstration of the fourth easy step to using the Daily Expen$e Tracking ™ Excel Workbook.

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Many home improvements are capital improvements. The Capital Improvements are tax deductible according to IRS if the home improvements meet a number of conditions. The home improvements are permanent addition to the home that increases the value of the home. Hence, the home improvements are substantial in which the value of home property appreciates, the life of home property prolongs, and the functionality of home property increases.

For example, placing a fence, adding a room, installing a driveway, implementing a swimming pool, installing a new roof, setting a new built-in heating systems are capital improvements.

The capital improvement increases the value of your home. For example, adding a new room increases the value of home. The new room increases the ability of the property to earn more income. Thereby, the value of home property increases as well.

Another example, adding a garage increases the value of home. Renters will pay extra for a parking space. And again, the new garage increases the ability of the property to earn more income. Thereby, the value of home property increases as well.

On the other hand, the home repairs are not home improvements according to the IRS. Repairs are expenses that keep the property in good repair. And, the rental property owner can claim the as expenses on the year that the expenses are made.

For example, repainting the walls, patching the roof, installing the wallpaper, replacing the carpet, sealing the links, and repairing the windows are home repairs.

To be able to claim capital improvement tax deductible, the homeowner needs to use the Depreciation Method. The Depreciation Method is a way to recover the cost of capital improvements thru depreciating the expense over the life expectancy of property.

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Check out this video on creating a budget. Start your budgeting today or brush up on your budgeting skills.

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Further informations about topics addressed are available in play lists on my channel and complementary video responses. Mirrored: www.linktv.org “Director Charles Ferguson won the 2011 Best Documentary Oscar for “Inside Job” for his searing indictment of Wall Street’s role in the financial meltdown of 2008. The film made the powerful case that an out-of-control finance industry took advantage of a deregulated atmosphere and purposely sought to get rich at the expense of others.Although soft-spoken in manner, this early internet millionaire turned filmmaker is not afraid to ask the hard questions. In fact his first film “No End in Sight”, also Oscar nominated for Best Documentary in 2008, was a scathing expose on the incompetence behind the Iraq War. We caught up with this unlikely rabble–rouser at a standing room only event put on by the Commonwealth Club of California where he talks about his own ideas for regulation and reform as well as his filmmaking process. He is interviewed by Adam Lashinsky, Senior Editor at Large, Fortune magazine.

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Another fund scam of the previous administration is being reported. This time it’s the TESDA and its “Pangulong Gloria Scholarship” in the center of the issue. Apparently, institutions who provided scholarships for the Gloria Arroyo administration are still unpaid, two years after services were rendered. This is revealed in a report by ABS CBN News. According to the report, the current TESDA (Technical Education and Skills Development Authority) leadership is being hounded by collectors whose total billing will amount to almost a billion pesos! Apparently, no appropriation in the national budget was made for the scholarships and thus, payments could not be released. According to Joel Villanueva, TESDA Director-General, TESDA issued vouchers that were used as scholarship certificates to learning centers. But 2 years later, the learning centers are still unpaid. This was during the term of former Director-General Augusto Syjuco. Syjuco is presently the congressional representative of Iloilo’s 2nd District. The TESDA leadership said payments were not made because the agency could not disburse money for the simple reason that there was no appropriation set for the vouchers. If they did disburse money for such an expense with no appropriation, that would be tantamount to malversation of public funds, the agency said. Efforts are now being made to find ways of paying these institutions. “TESDA must fulfill its obligation,” said Villanueva. Among the institutions claiming …

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