More worries for the wealthy? Inheritance tax to jump unless Congress acts

The federal inheritance tax rate will jump to 55 percent in 2013 unless Congress acts. ?Republicans and Democrats disagree on the best plan. ?But a stalemate will result in higher inheritance taxes than either party wants.

By Ron Scherer,?Staff writer / July 26, 2012

The way Congressional Republicans see it, farmers will have to sell their land and small businesses will have to put their firms on the auction block if nothing is done to prevent the inheritance tax from rising next year.

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Their solution: completely end what they call ?the death tax.?

But, on the other side of the aisle, Congressional Democrats view eliminating the tax as yet another gift to the ultra-wealthy. Under President Obama?s plan, the rate would actually rise from current levels.

Unless the two sides can find a common ground, the estate tax will rise far higher than either party's proposal. The change in estate tax rates is one of several tax law changes slated to occur in January, when the Bush era income tax cuts will expire.?

Currently, the inheritance tax is 35 percent with a $5 million exemption per estate. On January 1, the rate jumps to 55 percent with a $1 million exemption.

According to Republicans, citing the non-partisan Joint Committee on Taxation, this would increase the number of estates that would pay the tax from 3,600 to 55,200.

?Remember, Americans work all their life paying income taxes, property taxes, sales taxes?only to have the government raid their farms, ranches and small businesses when they pass away,? said Utah?s Sen. Orin Hatch (R), the ranking member of the Senate Finance Committee in a statement.

President Obama has proposed moving the top rate to 45 percent with an exemption of $3.5 million per estate. That would be same formula that was in effect in 2009.

However, analysts who follow the issue say not all Democrats support Obama. ?The Democrats are all over the map,? says Pete Davis of Davis Capital Investment Ideas, which supplies Washington intelligence to Wall Street firms. ?Some are silent or in favor the Republican position, some Democrats would like to see a lower rate,? he says.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/DZZ8qPQZy_o/More-worries-for-the-wealthy-Inheritance-tax-to-jump-unless-Congress-acts

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How to Small Business Marketing Ideas ? Business Marketing ...

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The online world may be a very important software within the series with small business promoting tips. However the internet might attain people worldwide, a new tendency can be focusing in your neighborhood using advertisements and also plans. One of many small business promoting recommendations may be advertising plans with a regional main target. Some methods to delivering site site visitors for you to your small business page are going to be to consider cost-free publicize presents or significant discounts. A critical method of adhering to in your head is to ensure your current page includes web presence outside of an original Url. This obvious method to reassure this is often for you to join up to using the search engines and also make certain this document can be go optimization procedures for greater ranks.

Source: http://www.difnet.org/how-to-small-business-marketing-ideas.html

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Now is the Time to Change Your Creaking, Old, and Rusty

If your house in Colorado is more than 10 years old, there's a huge chance your windows are the kind that is filled with corrosion and in need of upkeep or repair. washing them every once in awhile often suffices, but in some cases it is better to change them entirely with replacement windows that are energy-efficient and maintenance-free. Listed below are a few quick suggestions to help you with removing your aged window frames and mounting your replacement panes.

An important duty is to measure the measurements of the window as precisely as possible. You do not want to regret finding out that the replacement window delivered to your door in Denver is a fourth of an inch bigger than the rectangular gap where it ought to fit.

Be sure to get the exact length and height of the window by quantifying the top, base, and middle areas. There is nothing more discouraging than having the custom-made replacement window delivered to your door, just to find that you did not account for that splinter of space between the pane and the window sash.

As soon as you have made your dimensions, it is time to dispose of creaking old windowpanes from the wall structure. To ensure maximum protection when installing replacement windows Denver contractors advise removing the panels from within your house. Although it is tempting to bring that sledgehammer and knock down your old window, you risk injuring yourself once you begin collecting the busted glass. Bear in mind, this is your present-day residence, not Germany circa 1989-your windows are not the Berlin Wall.

Several roofing contractors Denver homeownerslocals realize that roof repair is a step-by-step process. The same thing can be said about mending electrical wiring, renovating cooking area cupboards, and other home restoration ventures; orderly, systematic steps are the secret to error-free replacements. Hence, get rid of an old window properly by moving the inside workings-covering, grids, and then frame-individually. You could utilize and reuse other parts of the old window such as sashes and inside stop pieces. In reality, you would possibly place them back on as soon as you slip the replacement window into the gap.

Since you have your dimensions set and your old window cleared away, now is the time to select what variety of Denver replacement windows must fit that notch. Relying on the dimension of the opening, you could pick from full-size units to sash kits, which as well are available in various dimensions. You may pick exactly what type of material you would want for the replacement window: fiberglass, vinyl, or timber-that is also available in aluminum-covered and vinyl-covered variants. Go to thisoldhouse.com/toh/how-to/overview/0,,20171587,00.html for systematic info on installing replacement windows.

For more details, search replacement windows, replacement windows denver and roofing contractors denver in Google for related information.

Keywords: replacement windows, replacement windows denver, roofing contractors denver

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"Twilight," Taylor Swift, Justin Bieber win big at Teen Choice

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Source: http://news.yahoo.com/twilight-taylor-swift-justin-bieber-win-big-teen-024304997.html

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Seinfeld "No Soup For You!" Food Truck Is Coming to Boston ...

Yet another food truck is on its way to Boston, though this one will only be here for one day--and the name of the truck may sound very familiar to you.

The Daily Meal is reporting that the Seinfeld "No Soup For You!" Food Truck is hitting the road to visit six cities across the United States, including Boston. The truck, which gets its name from the "Soup Nazi" episode of Seinfeld (and features Soup Nazi actor Larry Thomas for at least part of the tour), will be in Beantown on Friday, August 3, with visits to Albuquerque, Chicago, Philadelphia, and New York before its arrival, and Baltimore after its departure.

The Seinfeld Food Truck will offer several items that have played a role in Seinfeld episodes, including mulligatawny soup, Junior Mints, muffin tops, black and white cookies, Twix, Snapple, and bottled water, according to The Daily Meal.

Additional details on the event (including an exact location) should be posted soon. For more information, please go to the "Soup for Boston" Facebook page below.

https://www.facebook.com/SoupForBoston

Labels: food trucks, restaurant events, Seinfeld, soup

Source: http://bostonrestaurants.blogspot.com/2012/07/seinfeld-no-soup-for-you-food-truck-is.html

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Obama, Romney jab anew, foreign affairs at fore

President Barack Obama looks back to applaud those that served during his remarks at the 113th National Convention of the VFW in Reno, Nev., Monday, July 23, 2012. (AP Photo/Susan Walsh)

President Barack Obama looks back to applaud those that served during his remarks at the 113th National Convention of the VFW in Reno, Nev., Monday, July 23, 2012. (AP Photo/Susan Walsh)

Republican presidential candidate, former Massachusetts Gov. Mitt Romney hosts a small-business roundtable during a campaign stop at Endural LLC, Monday, July 23, 2012, in Costa Mesa, Calif. (AP Photo/Jason Redmond)

President Barack Obama greets the crowd after speaking at the 113th National Convention of the VFW in Reno, Nev., Monday, July 23, 2012. (AP Photo/Susan Walsh)

President Barack Obama speaks at the 113th National Convention of the VFW in Reno, Nev., Monday, July 23, 2012. (AP Photo/Susan Walsh)

Republican presidential candidate, former Massachusetts Gov. Mitt Romney, accompanied by Beverly Oncology and Imaging CEO Ruth Lopez Novodor hosts a small-business roundtable during a campaign stop at Endural LLC, Monday, July 23, 2012, in Costa Mesa, Calif. (AP Photo/Jason Redmond)

(AP) ? Their goodwill moment gone, President Barack Obama and challenger Mitt Romney plunged back into their acrimonious political campaign on Monday, Obama doubting Romney's readiness to be commander in chief, Romney accusing the president's team of offering "almost all attack ads."

Days after the Colorado movie massacre brought reflection and talk of national unity from both camps, the fight was on again.

Foreign affairs made a rare move to the fore of the campaign as Republican Romney, the former Massachusetts governor, readied for a closely watched trip overseas. Obama, meanwhile, told a military audience that he was the only one in the race with a record, not just words, on international matters as he sought to undercut Romney's travels before they began.

Both White House contenders are trying to gain the military vote. In the 2008 election, 54 percent of those who said they had served in the military voted for Sen. John McCain, himself a veteran, to 44 percent for Obama, according to exit polls.

More broadly, both sides ended what had been a weekend of political truce in deference to grieving families and victims of the shooting. Obama and Romney returned to raising millions of dollars and taking jabs at each other over jobs, leadership and security.

Both saw little time to waste in a tight, bruising race ? and saw little need to apologize for any tactics.

A positive campaign "really would be nice," Romney said even as he declared that sentiment over in an interview with CNBC. He blamed Obama for the tenor.

Obama told the Veterans of Foreign Wars he has kept his promises to end the war in Iraq, wind down the conflict in Afghanistan and go after al-Qaida leader Osama bin Laden wherever he was hiding. The terrorist mastermind was killed in a raid on Obama's orders.

In every example, Obama poked at Romney without naming him. On Iraq, Obama suggested Romney would have kept forces in the war zone indefinitely.

"When you're commander in chief, you owe the troops a plan," Obama said. On Afghanistan, Obama needled Romney for opposing the 2014 timeline for ending the war. "You know what? That's not a plan for America's security," he said.

Romney was to get his say before the VFW, too, on Tuesday before setting out for England, Israel and Poland.

Trying to set the expectations for the opponent, Obama campaign officials challenged Romney to offer clear policy ideas during his three-country trip. Romney's travels will be viewed as a measure of how well he can stand up on the world stage. Obama took an even broader such trip as a candidate in 2008.

Four years later, Obama said Monday: "We're leading around the world. There's more confidence in our leadership. We see it everywhere we go."

A Romney spokesman, Ryan Williams, countered that Obama had "diminished our moral authority" in the world.

Still in the shadow of the Colorado rampage, both campaigns weighed how to calibrate their tones.

Obama spokeswoman Jen Psaki said the president was moved by his visits Sunday with survivors and family members of the victims of Friday's mass shooting outside Denver. Still, she said: "We've got a long way to go here. ... (Obama) knows that he needs to make sure people know what's at stake."

Romney noted that Obama aide David Axelrod had begun the day reminding via Twitter of the campaign's request to see more of Romney's tax returns.

"I haven't seen the healthy, important debate coming from the president's team," Romney said. "It's been almost all attack ads on all sorts of peripheral issues."

Romney himself was back at the rhetorical attack, telling donors in California that Obama was "out of ideas and out of excuses."

The pursuit of money kept on rolling, too.

In California, Romney raised $10 million over two days.

Obama moved on to California for a night of fundraisers; Oregon and Washington were next on Tuesday. He was expected to raise more than $6 million.

The president opened remarks to donors at an intimate, $35,800 per person dinner in Oakland by recounting his meetings with those impacted by the Colorado shooting. The spirit of the community, Obama said, "would make you extraordinarily optimistic about America."

Among the donors were two people connected to Solyndra, a failed solar company that has been part of Romney's attacks on Obama. Solyndra was the first renewable energy company to receive a federal grant under Obama's 2009 stimulus law but went bankrupt last year, leaving taxpayers on the hook for more than $500 million.

Steve Westly, a Silicon Valley venture capitalist who warned the White House about Solyndra's shaky finances, and Matt Rogers, a former Energy Department official who was part of the Solyndra loan guarantee process, were among the 60 people in attendance at the private home.

Both campaigns were keeping their largely negative television advertisements off the air in Colorado, a key battleground state in the November election. Vice President Joe Biden, campaigning for his boss in Florida, jettisoned his typical speech to focus on the shooting victims and the stories of heroism from that night.

The Obama campaign on Monday released a new television advertisement casting the election as a choice between two contrasting economic visions.

"Sometimes politics can seem very small. But the choice you face, it couldn't be bigger," Obama said in the ad, which was to air in nine battleground states.

___

Thomas Beaumont reported from Irvine, Calif. AP writers Ben Feller and Mark S. Smith in Washington, Matt Sedensky in Manalapan, Fla., and Sandra Chereb in Reno, Nev., contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-07-23-Presidential%20Campaign/id-9af918b7c73b4a8095765832c640d363

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World stocks, euro slide on fears of Spanish bailout

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Source: http://news.yahoo.com/asian-shares-euro-pressured-spain-stokes-bailout-fears-002100333--finance.html

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PFT: Lions 'disappointed' by Berry's arrest

Louis Freeh Discusses Investigation Into Penn State And Sandusky CaseGetty Images

As the NCAA imposes on Penn State an array of penalties that arguably are more punitive and long-lasting than the so-called death penalty, the sanctions trace directly to the report generated by former federal judge and FBI director Louis Freeh.? As a result, some are now wondering whether Penn State wishes it hadn?t hired Freeh to engage in such a comprehensive review of the Jerry Sandusky situation.

In turn, some Saints fans are wondering whether owner Tom Benson may be reconsidering the wisdom of the decision to retain Freeh to conduct a similar review of the allegation that G.M. Mickey Loomis previously had the ability to eavesdrop on opposing coaches.

?Serious allegations have been made about our organization this off-season; we take these allegations very seriously,? team spokesman Greg Bensel told PFT via email on June 8.? ?As a result, we have hired the Freeh Group, founded by former director of the FBI and former federal judge Louis Freeh.? Mr. Benson moved quickly to hire them and has spared no expense to get to the bottom of these allegations.? We have given the Freeh Group complete access to our team and all of the individuals who have been associated with this news story.?

It?s believed that, after examining the wiretapping allegations, the Freeh Group will examine the bounty situation.

But Freeh?s involvement doesn?t mean a report eventually will be generated and released for public consumption.? Penn State is a public entity; the Saints aren?t.

Of course, if we never hear another peep from Freeh when it comes to the Saints, some will conclude (perhaps accurately) that he found information that would be unflattering to the organization and/or one or more of its key employees, if released to the media.

Then again, there?s also a chance that Freeh?s report will be embraced by the Saints, since it could entail a conclusion that, for example, a disgruntled former employee embellished at best or fabricated at worst the wiretapping allegations ? and possibly that ESPN?s John Barr was overly zealous in trying to dig up dirt about the team in the wake of the bounty scandal.

As to the bounty scandal, Freeh?s report possibly could crystallize and explain the semantics-driven dispute between the NFL and the NFLPA regarding the pay-for-performance system.? By all appearances, there was no specific pay-for-injury system ? but there were incentives for applying clean, legal hits in a way that coincidentally caused injury.? A report from Freeh that makes that point and explains the distinction could, given the widespread respect Freeh enjoys, finally spark the much-needed debate as to whether such harsh penalties should apply for giving players a little extra money to do something they?re already paid to do.

In the end, whether the rest of us ever get access to the information generated by Freeh could depend on whether the Saints like ? or don?t like ? the stuff that Freeh discovers.? If, in the end, the Saints choose to release everything, it?s safe to say that Freeh?s findings will be regarded as credible and trustworthy, given the flamethrower he took to Penn State via an investigation that Penn State paid him to conduct.

Source: http://profootballtalk.nbcsports.com/2012/07/22/lions-extremely-disappointed-by-aaron-berry-arrest/related/

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'Evelyn' Candle for Breast Cancer Awareness - Fruity Lashes

A tip for those seeking go-to gifts for girlfriends this spring: Reconsider the bath salts and wine, and go for a home-d?cor good with a cult following? that lets you indulge your charitable side. Nordstrom and glassybaby have joined forces to create Evelyn, a vibrant pink glass votive perfect for gifting (and getting). The best part? 10% of all purchases will go directly to the Breast Cancer Research Foundation, with an initial donation of $25,000.

The two Seattle-based companies are partnering to recognize Lauder?s commitment to breast cancer research and prevention, a cause that hits close to home for Nordstrom.

?We?re proud to partner with glassybaby to honor the incredible life of Evelyn Lauder, who passed away in November of last year,? says Laurie Black, Executive Vice President of Cosmetics at Nordstrom. ?This special project allows Nordstrom to honor Evelyn, as well as our employees and customers, by donating proceeds to the Breast Cancer Research Foundation.?

glassybaby founder Lee Rhodes, a three-time cancer survivor, is thrilled Nordstrom is joining them in their mission of giving. ?glassybaby is all about goodwill and giving back,? she says. ?We love that another Seattle based company is joining us in our mission to donate money from sales back to charities helping cancer patients.?

The Evelyn glassybaby is available now for $44 at cosmetics counters in Nordstrom stores nationwide, as well as online at nordstrom.com. It comes gift-giving-ready adorned with a bow.

glassybaby was founded by a three time cancer survivor who found great healing in the light of a handmade votive during her battle. ?She wanted to spread that light and love. ?Today, glassybaby has donated more than $875,000 from sales to charities dedicated to healing, quality of life and helping cancer patients with day to day needs during chemotherapy. ?The handmade votives are created by a team of 70+ artists in more than 400 colors at a Seattle studio. ?People give glassybaby as gifts of love, celebration, consolation and joy.

Nordstrom, Inc. is one of the nation?s leading fashion specialty retailers. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 226 stores in 30 states, including 117 full-line stores, 105 Nordstrom Racks, two Jeffrey boutiques, one treasure&bond store and one clearance store. Nordstrom also serves customers through Nordstrom.com and through its catalogs. Additionally, the Company operates in the online private sale marketplace through its subsidiary HauteLook. Nordstrom, Inc.?s common stock is publicly traded on the NYSE under the symbol JWN.

Source: http://www.fruitylashes.com/glassybaby-evelyn-candle-breast-cancer-awareness-nordstrom-12639/

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Cardinals' record-tying 7th whips Cubs 12-0

Chicago Cubs starting pitcher Matt Garza delievers in the first inning of a baseball game against the against the St. Louis Cardinals, Saturday, July 21, 2012 in St. Louis. (AP Photo/Tom Gannam)

Chicago Cubs starting pitcher Matt Garza delievers in the first inning of a baseball game against the against the St. Louis Cardinals, Saturday, July 21, 2012 in St. Louis. (AP Photo/Tom Gannam)

Chicago Cubs' Bryan LaHair tosses his bat after drawing a walk in the first inning of a baseball game against the St. Louis Cardinals, Saturday, July 21, 2012, in St. Louis. (AP Photo/Tom Gannam)

St. Louis Cardinals starting pitcher Jake Westbrook delivers in the first inning of a baseball game against the Chicago Cubs, Saturday, July 21, 2012, in St. Louis.(AP Photo/Tom Gannam)

Cardinals' Rafael Furcal breaks his bat as he lines out with the bases loaded to end the third inning during a game between the St. Louis Cardinals and the Chicago Cubs on Friday, July 20, 2012, at Busch Stadium in St. Louis. (AP Photo/St. Louis Post-Dispatch, Chris Lee)

Cardinals catcher Yadier Molina tries to catch a pop-up by Chicago's Darwin Barney on the other side of the backstop screen in the fourth inning during a game between the St. Louis Cardinals and the Chicago Cubs on Friday, July 20, 2012, at Busch Stadium in St. Louis. (AP Photo/St. Louis Post-Dispatch, Chris Lee)

(AP) ? The St. Louis Cardinals totaled 15 runs in their six-game trip to open the second half. They threatened that total in a single inning against the Chicago Cubs.

Jake Westbrook worked seven innings of three-hit ball and the Cardinals finally backed him ? and then some ? by tying a 76-year-old major league record with seven doubles in seventh inning of a 12-0 victory on Saturday night.

"I knew my spot was coming up hitting so I knew I was probably done," Westbrook said. "I just wanted to hopefully get some runs there, and we did. It was a fun inning."

Rafael Furcal's go-ahead single in the seventh turned out to be a mere appetizer as the Cardinals also matched an 86-year-old franchise record for runs in an inning. St. Louis totaled 10 hits with multiple hits by three players including pinch-hitter Allen Craig, who doubled twice with an RBI.

"It was crazy. I don't think I've seen anything like that in the big leagues," Craig said. "I came into the game in a big spot and I was glad I could make something happen, and the rest of the guys took it from there."

The Cardinals managed five hits the first six innings before jumping on Justin Germano (0-1) and three other relievers. They tied the major record for doubles in an inning by the Boston Bees at St. Louis in the first inning of Game 1 of a doubleheader on Aug. 25, 1936.

They tied the franchise record for runs in an inning set Sept. 16, 1926, against the Phillies, in the third inning of the opener of a doubleheader in Philadelphia.

"We've had some against us that felt like 12," manager Mike Matheny said. "You look at this offense and they can come in bundles.

"It's nice to see the guys, too, just keep putting good at-bats together no matter how many runs we've had or how many hits they've had already."

The Cardinals totaled nine doubles for the first time in franchise history since setting a modern major league record with 13 doubles on July 12, 1931, against the Cubs.

Cubs starter Matt Garza was taken out after three scoreless innings with cramping in his right triceps, an injury that wasn't obvious and prompted speculation that he had been traded. The Cubs added a bit of intrigue, waiting until the bottom of the sixth to announce the injury and the fact X-rays ? as a precaution for possible elbow issues ? were negative.

"The trade thing, I'm not so concerned about that," Garza said. "I'd rather go out there and throw eight or nine (innings) than come in here and say, "I can't throw the ball.'"

Germano got unlimited warmups in the fourth, an indication he was entering because of an injury or ejection, although the rule book also allows for an unspecified sudden emergency. Germano allowed a run in three-plus innings before the roof caved in on the Cubs, who allowed 12 runs in an inning for the first time since July 30, 2010, at Colorado.

James Russell gave up a career-high six runs on four hits in two-thirds of an inning. Manuel Corpas gave up four runs without getting an out, surrendering three doubles and a walk.

"Russell's our setup guy," manager Dale Sveum said. "He's got a long four months basically without a hiccup like that, and those things will happen.

"Unfortunately, it was a nothing-nothing game."

Previously, the Cubs hadn't allowed more than six runs in a single inning. The Cardinals topped their previous season best of eight runs April 27 against the Brewers.

Westbrook (8-8) escaped a bases-loaded jam in the first, falling behind 3-0 in the count against Geovany Soto before inducing a groundout. The sinkerballer permitted only two baserunners his last six innings, a leadoff single by David DeJesus in the third and a walk by Luis Valbuena in the fifth, and neither of them made it second.

"The first couple of innings, I was a little erratic, I might have been a little geeked up," Westbrook said. "After that, I felt really strong."

NOTES: Garza is 2 for 30 at the plate with 23 strikeouts after fanning in the second. ... Soto is 0 for 5 with the bases loaded. ... Bryan LaHair had two strikeouts and a walk against Westbrook after entering the game 3 for 3 with a homer against the right-hander. ... The Cubs have lost 12 of their last 16 in St. Louis. ... The first two games of the series were sold out, with attendance of 43,424 the Cardinals' 16th sellout overall. ... Schumaker is batting .500 (15 for 30) with runners in scoring position. ... Craig is the first Cardinals player to double twice in an inning since Jerry Mumphrey May 30, 1977, against the Cubs. He's the first in the majors to do it since Seattle's Michael Saunders May 30 at Texas.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2012-07-21-Cubs-Cardinals/id-e6fc1c10c2044783ac559d8eccc9ff97

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