Wry On The Rocks

The NFL announced today that it is adopting a new rule governing the play of quarterbacks beginning in the 2012-2013 season.  Nicknamed the “Bundchen Rule“,  quarterbacks in the future, can be ruled eligible down field receivers if it is deemed that  the teams wide receivers, tight ends and running backs are incompetent.

The competancy of regular receivers will be solely determined by a quarterback’s girlfriend on the condition that she proves that she knows absolutely nothing about football, is a poor loser and has no class whatsoever.

Republican hopeful Mitt Romney has unleashed a firestorm of controversy over the current tax code with the release of his tax returns showing a rate lower than that of the other 99% of us.  The difference between the money that Mitt and  “undertaxed” Warren Buffet make in a year is the difference in how “earned income” is taxed versus “capital gains”, the latter being how smart investors like Mssrs. Romney and Buffet become 1 percenters.

Today New York Times’ columnist James Stewart reports on the feedback he got when questioning readers on their personal tax rates.  Among  respondents was Jim Cramer, host of Fox News widely watched “Mad Money” in which the bellicose Mr. Cramer lectures viewers on the secret to making money in the stock market.

But, as Mr. Stewart reports, Mr. Cramer paid  a much higher rate than either Romney or Buffet because his income was all ”earned”…..the million-dollar salary Fox pays him to advise people on investments was his sole net income…so, money maven Cramer didn’t qualify for the lower tax rate because he had no net capital gains.  HIS LOSSES OUTPACED HIS GAINS!!!!

Could the boolya boy been taking his own advice????