Monday, November 16, 2009

Farewell Breaker

Edward Woodward died yesterday at the age of 79.

Best known as Robert McCall on the hit 80s crime show The Equalizer, Mr. Woodward played the title role of Harry "Breaker" Morant in the breakthrough Australian film Breaker Morant and turned in an exceptional performance as the Ghost of Christmas Present in the George C. Scott television version of A Christmas Carol.

In what is one of the most powerful scenes in all of English literature, Edward Woodward gave the Spirit an aura humanity tinged with excruciating dread.

'Spirit. are they yours.' Scrooge could say no more.

'They are Man's,' said the Spirit, looking down upon them. 'And they cling to me, appealing from their fathers.

This boy is Ignorance. This girl is Want.

Beware them both, and all of their degree, but most of all beware this boy, for on his brow I see that written which is Doom, unless the writing be erased. Deny it.' cried the Spirit, stretching out its hand towards the city. 'Slander those who tell it ye.

Admit it for your factious purposes, and make it worse. And abide the end.'

'Have they no refuge or resource.' cried Scrooge.

'Are there no prisons.' said the Spirit, turning on him
for the last time with his own words. 'Are there no workhouses.'"

In the same way, he brought Robert McCall to life. A disillusioned retired intelligence operative of independent means, he was a true-to-life James Bond. Instead of fighting evil geniuses, he took arms against a sea of trouble caused by the random acts of violence that were so common in the New York City of the 1980s. The Equalizer was a great show with great supporting players, great locales--shot on the streets of New York--and great, great music by Stewart Copeland.

The Equalizer tapped into the undercurrent of fear that was pervasive in pre-Giuliani New York City. They couldn't make that show today with its dark and foreboding atmosphere.

I never liked Rudy, but you cannot dispute the fact that he transformed New York.

Requiem in Pacis Mr. Woodward.

Coffee, Coffee Everywhere!

Just got a new Keurig Platinum coffee maker. Only problem is that I have this visceral aversion to buying trendy convenience stuff like those chic little K Cups filled with serving-sized portions of designer coffee.

Then I stumbled upon this little gem that lets you re-use K-cups, filled with your own favorite Java.

The site is here: Reuse your Keurig K-Cups!

I'm gonna give it a try.

Besides, those designer coffees always smell better than they taste.

Thursday, November 5, 2009

All Rangel-ed Up

Rarely does a single piece of mail cause one's heart to flutter, face to flush and knees to buckle.

But, then again, rarely does a piece of mail arrive with the dreaded return address:

Department of the Treasury
Internal Revenue Service

That's the "Welcome Home" that greeted me this past Tuesday as I dragged myself through the front door after a rough day of earning a living, playing golf and ferrying adolescent infants from one suburban soiree to another. Imagine my surprise when I discovered that I owed our esteemed and infallible federal government... $11,589.22!

Holy smoke. What did I do this time?

Now look, I'm not the Secretary of the Treasury.

I'm not the chairman of the Federal Reserve.

I'm not a New York Times columnist who also consulted for Enron.

I'm not even a graduate of the Harvard Business School, a Fortune 500 CEO, a wheeler dealer in foreign exchange arbitrage or the chairman of the House Ways & Means Committee.

The tax code, for me, is not all that complicated.

I don't have income from esoteric foreign sources, like Timothy Geithner.

I don't keep piles of cash in my freezer like Rep. William Jefferson of New Orleans.

And I didn't make billions selling collateralized debt obligations to individual investors and pension funds while also making private wagers on the collapse of the mortgage market, like Goldman-Sachs.

It's also very difficult for me to make HONEST mistakes about rental income from condos in Puerto Rico, villas in the Dominican Republic and sublets from multiple rent-controlled New York apartments.

Unlike Charles Rangel I don't have those kinds of investments.

Most of us don't and if we did, we'd be evicted, audited, harassed, terrorized and waterboarded before being prosecuted.

No, my life and my income streams are exceedingly boring.

So, what was my transgression?


How on earth can I un-report? My life, again, like most of our lives, is an open book.

The federal government knows who I am, where I live, what I do and how much money I make.

It's all documented by the gigantic legion of American businesses, large and small, who, in addition to struggling to earn a profit also have to serve as government tax collectors.

Every year these businesses send out millions of W-2s, 1099s and a wide variety of related tax documents that make it impossible for ordinary citizens to claim complexity or honest mistakes when confronted by a jack-booted stormtrooper carrying a Treasury Department ID card.

But, there it is in horrifying black and white on official Department of the Treasury stationery.

Non-employee compensation: $17,000
Capital Gains from the sale of stocks and bonds: $17,225

With penalties and interest... I owe $11,589.22!!!!

Quick, let's go to the videotape.

In this case, the TurboTax file for the year in question.

Click the "Income" button. Scroll down a few lines...

There it is, right on my Schedule C: Non-Employee Compensation, $17,000.

Whew, that's a relief.

Scroll down a few more lines to Investment Income and presto... under Capital Gain...

Proceeds from Sale = $17,255
Cost Basis = $15,900

Capital Gain = $1,355

Whew... relieved again.

Not very complicated. Not much wiggle room to claim an honest mistake. Every penny documented and reported to the powers that be in our nation's capitol.

But very quickly, my sense of relief turned to anger and outrage.

How can a dedicated public servant waste time and resources generating a 26 page document that seeks to explain why I owe back taxes on income that I have already been taxed on?

What's more frustrating is this: How can this Mensa member suggest that my capital gain on the sale of stock is exactly equal to the proceeds of the sale?

Does she believe that I PAID ZERO DOLLARS?

I'm not Hillary Clinton.

Stock certificates, cattle futures contracts and mansions in Chappaqua do not appear, as if by magic, in my Christmas stocking every December 25th.

So now I'm on the seventh draft of my reply letter. I've taken out the references to Cossacks and Brown Shirts. I've even removed my description of this particular bungling bureaucrat as Her Highness, the Twittering Twat of the Treasury. That one hurt. I like the alliteration.

But if we cannot expect the people that write the tax laws and collect the taxes to understand the complexities and requirements of the tax code, the very least we can hope for is that the people who have the power to terrorize us through the mail system should be able to read a simple--a very simple--tax return.