Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

Zeev:
Rise in state taxes is already here. I was sent a letter from Dept of Labor that I was potentially liable for $2,300 in UI taxes for an employee who worked 10 weeks abd earned $10K. He had to quit to care for a sick child and his employment history for the last 18 months is empty except for his stint with me. It works out for me as a $5 plus per hour new state tax on his earnings.

I also bailed on about a total of 1/3 of my tax free bonds which appreciated 10% in last 2 years. I don't think the next 2 years will be as kind to bond holdings.