The last blog gets the last post again, and it is typical of last posts. www.stjohntravelforum.com has loads of villa rentals that you can look at and even rent for your st john vacation. But you can postpone if you want and get a last-minute special and save some money. That would be a good thing to do.
Maybe tonight we'll visit Elaine at Coconut Coast Studios and then go to open mike night and perform Big John. I hope Michael has memorized the refrain. It is very easy. Big John, Big John, Big Bad John, Big John. Not much to it.
Wednesday, April 30, 2008
Tuesday, April 29, 2008
Rebate Checks -- An article from The Source
Benefits of $41.5 Million Reimbursement Will Soon Reach Islanders
by Bill Kossler
This was in The Source today. I don't understand all of it, but anything will be worthwhile. And everyone getting a rebate should rent a st john villa, using www.stjohnvillarental.com for a vacation in the usvi, or www.frankbayvillas.com.
April 28, 2008 -- The Virgin Islands government will soon receive $41.5 million from the U.S. Treasury to give $600 checks to most of the territory's taxpayers.
Congress passed a $150 billion dollar economic stimulus package earlier in the year calling for cash rebates to every taxpayer, with the goal of jump starting the economy with a rush of consumer spending. Those with direct deposit of their taxes began getting money in their accounts Monday. But the rebates put the Virgin Islands and other territories with tax systems tied to the federal rates in a bind. Because the territory collects income taxes locally at the rates set for federal income tax, the rebate checks would have come directly out of the V.I. government till, putting the budget $41.5 million in the hole.
Christensen and her fellow delegates from the U.S. territories successfully lobbied to amend the Economic Stimulus Act of 2008 to reimburse the territories which would have had to shoulder the cost of the rebates as an unfunded mandate.
“We were determined to protect the insular treasuries from loss and I am pleased that the Bush administration is providing this advance payment,” Christensen said. “I am even more pleased that our residents will be receiving their checks in the mail at this time of rising gas and food prices.”
The stimulus is expected to provide $600 to individuals who make up to $75,000 annually, $1,200 per married couple who make up to $150,000 and $300 per dependent child. Low wage workers who earned at least $3,000 in 2007 will get at least $300.
The U.S. Senate also added provisions that would give $300 for seniors living on Social Security and disabled veterans. In a press release from her office Monday, Christensen said low income residents and seniors who usually do not file income tax returns can still get a $300 stimulus payment by filing before Oct. 15.
“They should contact the Virgin Islands Bureau of Internal Revenue for assistance,” she said.
Christensen added that the Congress is planning a second stimulus bill in the near future focusing on increasing energy provisions that assist low income residents, funds for a summer jobs program, increasing food stamps and other provisions to assist Americans suffering in this faltering economy.
These individual tax rebates are one horn of the federal stimulus package. The other is a generous one-time 50 percent depreciation write-off on investments made during this year. This encourages businesses thinking of major capital investments to do it now, rather than later.
"It accelerates into the current year some tax savings in exchange for not getting the deduction in later years," said tax expert Neil D. Kossler during a telephone interview Monday. . "Over time, it is revenue neutral, except if I can have a dollar now in exchange for a dollar next year, I'll take the dollar now every time." Kossler is a D.C. metropolitan area certified public accountant who has appeared on CNN as a tax expert.
Small businesses will benefit from the stimulus because they can write off taxes for capital investments made in 2008 up to $250,000 and for purchases of new equipment up to $800,000.
Another provision helps homeowners affected by the mortgage crisis. It increases Federal Housing Administration loan limits for single family loans from $417,000 to $729,000 for one year for loans made between July 31, 2007 and December 31, 2008.
"This will help some home owners go from a variable rate to a fixed rate mortgage," said Brian Modeste, Christensen's legislative director, during a phone interview Monday.
The $41.5 million should be disbursed to the territory around April 30 and the checks will then be distributed to V.I. taxpayers by the V.I. Internal Revenue Bureau, Christensen's spokeswoman Monique C. Watson said on Monday.
by Bill Kossler
This was in The Source today. I don't understand all of it, but anything will be worthwhile. And everyone getting a rebate should rent a st john villa, using www.stjohnvillarental.com for a vacation in the usvi, or www.frankbayvillas.com.
April 28, 2008 -- The Virgin Islands government will soon receive $41.5 million from the U.S. Treasury to give $600 checks to most of the territory's taxpayers.
Congress passed a $150 billion dollar economic stimulus package earlier in the year calling for cash rebates to every taxpayer, with the goal of jump starting the economy with a rush of consumer spending. Those with direct deposit of their taxes began getting money in their accounts Monday. But the rebates put the Virgin Islands and other territories with tax systems tied to the federal rates in a bind. Because the territory collects income taxes locally at the rates set for federal income tax, the rebate checks would have come directly out of the V.I. government till, putting the budget $41.5 million in the hole.
Christensen and her fellow delegates from the U.S. territories successfully lobbied to amend the Economic Stimulus Act of 2008 to reimburse the territories which would have had to shoulder the cost of the rebates as an unfunded mandate.
“We were determined to protect the insular treasuries from loss and I am pleased that the Bush administration is providing this advance payment,” Christensen said. “I am even more pleased that our residents will be receiving their checks in the mail at this time of rising gas and food prices.”
The stimulus is expected to provide $600 to individuals who make up to $75,000 annually, $1,200 per married couple who make up to $150,000 and $300 per dependent child. Low wage workers who earned at least $3,000 in 2007 will get at least $300.
The U.S. Senate also added provisions that would give $300 for seniors living on Social Security and disabled veterans. In a press release from her office Monday, Christensen said low income residents and seniors who usually do not file income tax returns can still get a $300 stimulus payment by filing before Oct. 15.
“They should contact the Virgin Islands Bureau of Internal Revenue for assistance,” she said.
Christensen added that the Congress is planning a second stimulus bill in the near future focusing on increasing energy provisions that assist low income residents, funds for a summer jobs program, increasing food stamps and other provisions to assist Americans suffering in this faltering economy.
These individual tax rebates are one horn of the federal stimulus package. The other is a generous one-time 50 percent depreciation write-off on investments made during this year. This encourages businesses thinking of major capital investments to do it now, rather than later.
"It accelerates into the current year some tax savings in exchange for not getting the deduction in later years," said tax expert Neil D. Kossler during a telephone interview Monday. . "Over time, it is revenue neutral, except if I can have a dollar now in exchange for a dollar next year, I'll take the dollar now every time." Kossler is a D.C. metropolitan area certified public accountant who has appeared on CNN as a tax expert.
Small businesses will benefit from the stimulus because they can write off taxes for capital investments made in 2008 up to $250,000 and for purchases of new equipment up to $800,000.
Another provision helps homeowners affected by the mortgage crisis. It increases Federal Housing Administration loan limits for single family loans from $417,000 to $729,000 for one year for loans made between July 31, 2007 and December 31, 2008.
"This will help some home owners go from a variable rate to a fixed rate mortgage," said Brian Modeste, Christensen's legislative director, during a phone interview Monday.
The $41.5 million should be disbursed to the territory around April 30 and the checks will then be distributed to V.I. taxpayers by the V.I. Internal Revenue Bureau, Christensen's spokeswoman Monique C. Watson said on Monday.
Monday, April 28, 2008
Celtics Game Tonight
When the Celtics win tonight, they will all be invited to look at www.stjohnvillarental.com to rent a vacation villa. This will be the best place on the internet to find villa rentals.
Sunday, April 27, 2008
Patriots First Pick
The Patriots selected Mayo from Tennessee, and he will be outstanding, of course. Looks like they wanted him all along. I will rent him a villa if he wants.
Saturday, April 26, 2008
The last blog of the four
Since this is always the last blog of the four, it is right about now that there is nothing to write about, so I simply fill it up with words like Cielomar, Caribsea, Bougainvillea, villa rentals, and sun sand beaches water Caribbean. That way, it gets full, and eventually has a lot of posts.
Friday, April 25, 2008
New England Patriots
The Patriots are about to draft some wicked good player and pay him a few million dollars a year to do something, but it might be a lot better to get someone lower in the ratings and pay a lot less. At least that's what they currently think. What do you think? Maybe someone on St John will write in from a villa and make a comment today. I think someone probably discovered that www.stjohnyachtclub.org is fifth in search engine rankings. Everyone knows this.
Thursday, April 24, 2008
Blog Number Four
By the time we get to this one every day, the other blogs have received all the news, and it is time just to fill it up with some potrzebie. I bet that if I wanted to, I could make this optimized for poigt, axolotl, or potrzebie. But that would be silly, so I won't do it. Maybe I will go a full day without mention of st john villa rentals, but maybe not. I wonder how my search engine rankings are today. Will check them shortly.
Captain G. Piecost signing off.
Captain G. Piecost signing off.
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