Four tennis players made the top 30 of the Forbes list of the 2015 World’s Highest-Paid Athletes: No. 5 Roger Federer ($67M), No. 13 Novak Djokovic ($48.2M), No. 22 Rafael Nadal ($32.5M) and No. 26 Maria Sharapova ($29.7M).Serena Williams came in at No. 47 ($24.6M).
It was much more complicated than we initially imagined, and that’s probably why we’ve never seen similar efforts. We looked at benefits that routinely go to married heterosexual couples but not to gay couples, like certain Social Security payments. We plotted out the cost of health insurance for couples whose employers don’t offer it to domestic partners. Even tax preparation can cost more, since gay couples have to file two sets of returns. Still, many couples may come out ahead in one area: they owe less in income taxes because they’re not hit with the so-called marriage penalty.And that last line says it all. Repeal DOMA!
Our goal was to create a hypothetical gay couple whose situation would be similar to a heterosexual couple’s.
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Here is what we came up with. In our worst case, the couple’s lifetime cost of being gay was $467,562. But the number fell to $41,196 in the best case for a couple with significantly better health insurance, plus lower taxes and other costs.
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Nearly all the extra costs that gay couples face would be erased if the federal government legalized same-sex marriage.
"All legislative actions on revenue and budget must be determined by a majority vote."Now, that is something I would be out in the streets collecting signatures to get onto the 2010 ballot, unlike that other thing. Wanna join? Go to www.camajorityrule.com!
Focus on the Family is poised to announce major layoffs to its Colorado Springs-based ministry and media empire today. The cutbacks come just weeks after the group pumped more than half a million dollars into the successful effort to pass a gay-marriage ban in California.
Critics are holding up the layoffs, which come just two months after the organization's last round of dismissals, as a sad commentary on the true priorities of ministry.
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In all, Focus pumped $539,000 in cash and another $83,000 worth of non-monetary support into the measure to overturn a California Supreme Court ruling that allowed gays and lesbians to marry in that state. The group was the seventh-largest donor to the effort in the country. The cash contributions are equal to the salaries of 19 Coloradans earning the 2008 per capita income of $29,133.
In my view, we need to go forward in addressing this financial crisis by insisting on four basic principles:The full text of Sanders' statement can be read here. I'm glad to see some people are standing up and saying "Whoa, nelly!" before they accede to a Bush administration request to spend another $700 billion (the same amount spent on the Iraq War to date.)
(1) The people who can best afford to pay and the people who have benefited most from Bush’s economic policies are the people who should provide the funds for the bailout. It would be immoral to ask the middle class, the people whose standard of living has declined under Bush, to pay for this bailout while the rich, once again, avoid their responsibilities. Further, if the government is going to save companies from bankruptcy, the taxpayers of this country should be rewarded for assuming the risk by sharing in the gains that result from this government bailout.
Specifically, to pay for the bailout, which is estimated to cost up to $1 trillion, the government should: a) Impose a five-year, 10 percent surtax on income over $1 million a year for couples and over $500,000 for single taxpayers. That would raise more than $300 billion in revenue;
b) Ensure that assets purchased from banks are realistically discounted so companies are not rewarded for their risky behavior and taxpayers can recover the amount they paid for them; and
c) Require that taxpayers receive equity stakes in the bailed-out companies so that the assumption of risk is rewarded when companies’ stock goes up.
(2) There must be a major economic recovery package which puts Americans to work at decent wages. Among many other areas, we can create millions of jobs rebuilding our crumbling infrastructure and moving our country from fossil fuels to energy efficiency and sustainable energy. Further, we must protect working families from the difficult times they are experiencing. We must ensure that every child has health insurance and that every American has access to quality health and dental care, that families can send their children to college, that seniors are not allowed to go without heat in the winter, and that no American goes to bed hungry.
(3) Legislation must be passed which undoes the damage caused by excessive de-regulation. That means reinstalling the regulatory firewalls that were ripped down in 1999. That means re-regulating the energy markets so that we never again see the rampant speculation in oil that helped drive up prices. That means regulating or abolishing various financial instruments that have created the enormous shadow banking system that is at the heart of the collapse of AIG and the financial services meltdown.
(4) We must end the danger posed by companies that are "too big too fail," that is, companies whose failure would cause systemic harm to the U.S. economy. If a company is too big to fail, it is too big to exist. We need to determine which companies fall in this category and then break them up. Right now, for example, the Bank of America, the nation’s largest depository institution, has absorbed Countrywide, the nation’s largest mortgage lender, and Merrill Lynch, the nation’s largest brokerage house. We should not be trying to solve the current financial crisis by creating even larger, more powerful institutions. Their failure could cause even more harm to the entire economy.
