McGhee explains Hearts decision

Our total US debt is about equivalent to the total ouamnt of revenue lost to the trickle up Reagan and Bush tax cuts, including $9T of interest expense paid over the last 30 years to finance those tax cuts. We will be paying high interest on the 30 year bonds issued under Reagan alone until 2018. More bonds have been issued every year because we couldn't afford the interest payments. Obama has been forced to spend $1.3T on interest expense so far, mostly to pay for the cost of financing the ongoing Reagan and Bush tax cuts. Here is some of what I think should be done:1. Eliminate all of the tax cuts, including estate tax cuts and loopholes, that have gone into effect in the last 3 decades. We need to pay OUR bills, and the tax cuts have created the concentration of wealth that was a concern of the founding fathers.2. Eliminate the mortgage interest deduction renters should not be forced to subsidize homeowners.3. Eliminate all charitable contribution deductions there's too much politics going on in many of these organizations. People shouldn't need a government tax deduction handout to donate.4. Charge the oil companies for our costs of defending the flow of foreign oil about $100B/yr excluding war costs. A large part of why it is difficult for clean energy tech to compete is because we are paying too much for energy related costs in our taxes rather than at the pump or in our electric and fuel bills.5. Charge a 5% sales tax on all retail products sold in the US, and distribute the proceeds as tax credits based on US manufacturing employee headcount, in order to incentivize the hiring and retaining of American manufacturing workers. Most products sold here are imports, so most of the 5% sales tax revenue would be coming from the sale of imports, and the concentrated tax deduction distribution to manufacturing should reduce the prices of domestic products.6. Apply the existing Social Security tax rate to all income. We're all in this together.7. Replenish and lock Social Security, and invest a portion of the $ into non-transferable mortgage loans that way at least our funds will be backed up by physical assets rather than by Treasury IOUs. The interest rates are extremely low now, so this is the time to do it. This could improve the housing market.8. Demand the reversal of the Citizens United decision and the reform of campaign financing.9. Reagan nearly tripled the debt when interest rates were extremely high, while dramatically increasing military spending (stimulus). Now interest rates are extremely low. We should be aggressively borrowing right now to stimulate the economy by repairing and modernizing our infrastructure. After the GDP, revenues, and interest rates rise, the debt to GDP ratio should stabilize, and that is the point when we should focus like a laser on cutting spending through efficiency and consolidation. As the high interest bonds issued over the past 3 decades mature, our borrowing to cover interest payments should decrease.

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especially because we can confirm some awesome names speaking that weekend! Evo Terra, the fabulous Amy Donohue, and we even have some local TV news fame speaking- 3-TV?s Carey Pena!  Who would want to miss

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You may deduct qualified medical expenses you pay for yourself, your spouse, and your dependents, including a person you claim as a dependent under a Multiple Support Agreement. You can also deduct medical expenses you paid for someone who would have qualified as your dependent for the purpose of taking personal exemptions except that the person did not meet the gross income or joint return test. You deduct medical expenses on Form 1040, Schedule A (PDF), Itemized Deductions. The total of all allowable medical expenses must be reduced by 7.5% of your Adjusted Gross Income. For more information, refer to Publication 502, Medical and Dental Expenses.

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Yes. Ins premium, doctor visits, prescription drugs, contact lenses, and necessarily surgery or purchases are deductible. Over the counter drugs and unnecessarily surgery like boob jobs are not.You add them all up, substract any medical reimb and thats your medical tax deduction. but it is limited to 7.5% of your Adjusted Gross Income (which is your income &#8211; adjustments), so if you make too much money you most likely cant take the benefit. If you want to save more money, add in you over the counter drugs.

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Your medical and dental expense on your itemized deduction schedule is reduced by 7.5% of your adjusted gross income. Your pretax health coverage through your employer is in effect 100% tax free(as if you deduct the full amount). Hence your tax savings will be greater through your employer provided plan even if you itemize on schedule A.

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