Friday, July 20, 2018

When Congress is Meeting -- Food for Thought -- The New Kiddie Tax


When Congress is in their big meeting,
you'd better hold on to your seating.
The laws that they pass
would suit a jackass,
while Reason just goes on retreating.





Over the course of the past few months, I crisscrossed the country to eat in six of its highest-grossing independent restaurants, curious to see what made the diverse collection of subjects special enough to pull in combined sales of about $194 million in 2017.   Washington Post.

I used to travel quite a lot, and ate out all the time.
I noshed at polished bistros and real dumps chock full of grime.
I've run the gamut of wait staffs, from surly to insane,
and sampled ev'ry kind of dish -- from pickled to whole grain.
And this much I can tell you -- that no matter where you eat,
the food always tastes better when it's someone else's treat. 



The Kiddie Tax is a special levy on a child’s “unearned” income above $2,100. It typically falls on investment income such as dividends, interest and capital gains, and it doesn’t apply to a youngster’s earned income from mowing lawns or designing websites.   WSJ

Teach your children to invest;
Uncle Sam thinks that is best.
Then when profits multiply,
Sammy gets a piece of pie.
He don't have to work a bit;
your kids' earnings he will split.
Rob 'em while they're still too young
to know that they have been stung.


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