Well we weren’t taken by the Rapture. In a way I am glad because we would never have gotten the result of the singing competition my daughter Kirsten was in with her middle school choir. The awards presentation started at 6:30 pm Saturday and ended about 745 pm. Her group not only won the mixed choir 1-AA middle school catagory but also captured the best middle school choir in the competition. It was a great night. We were at Magic Mountain after they competed (around 11 am) until after the awards presentation and finally got home about 9:45 pm. Sunday was definitely a day of rest. .
Brian’s Tax Musings
Will Congress raise the debt ceiling again. We reached the 14.294 trillion dollat ceiling approved by Congress last year – will not raising it destroy our country or just force us not to spend more? Here are two articles pro and con – you decide (personally, who knows what will happen, but if you max out a credit card, do you continue to get credit increases on it, or do you stop charging on it?)For raising the debt ceiling http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/05/19/ED931JHPP5.DTLFor not raising it http://www.foxnews.com/opinion/2011/05/17/simply-raise-debt-ceiling-unless-significant-cuts-attached-deal/
Brian’s Tax Musings
If you are on medicare and have a business, in most cases you can deduct the medicare premiums on the front of your return as self employed health insurance.If your business is an S Corporation, remember you have to reimburse yourself the medicare premiums from the corporation, then deduct the premiums as salary.