We're the Government; we're here to help.
May. 11th, 2009 02:09 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
spoon9001So some time last year, I believe it was, a bill was passed that if your money-related business (investing, lending, brokerage, etc.) was worth less than $250,000, you basically weren't worthy enough to keep your doors open. This was passed in an effort to protect the people from scammers and such (like Bernie Madoff) by weeding out the obviously fraudulent businesses (unlike Bernie Madoff's business, because with all his net worth, it was clearly not fraudulent at all.) that can barely keep their heads above water.
Why do I care? My parents are mortgage brokers and their business isn't even worth $75,000, let alone $250,000. So to protect the people from our evil and unworthy business that's survived two housing market crashes, stricter lending policies, and out-and-out IDIOTS in the loan processing ... process, we will have to close our doors by the end of next year and find a either a new job or an entirely new industry. My parents are in their 50s and don't have college educations. Think this'll be an easy transition?
All because we don't make enough.
Oh, and the kicker is that if we did make $250,000, we'd be in the RICH tax bracket and would have to pay even MORE in income tax.
Yeah, I'm glad that my government has had a good head on its shoulders for the last 25 years or so. Can't you tell?
Why do I care? My parents are mortgage brokers and their business isn't even worth $75,000, let alone $250,000. So to protect the people from our evil and unworthy business that's survived two housing market crashes, stricter lending policies, and out-and-out IDIOTS in the loan processing ... process, we will have to close our doors by the end of next year and find a either a new job or an entirely new industry. My parents are in their 50s and don't have college educations. Think this'll be an easy transition?
All because we don't make enough.
Oh, and the kicker is that if we did make $250,000, we'd be in the RICH tax bracket and would have to pay even MORE in income tax.
Yeah, I'm glad that my government has had a good head on its shoulders for the last 25 years or so. Can't you tell?
