Archive for July, 2010

Thing 1, Thing 2 and Thing 3?

In my inaugural post last year, along with a an explanation for the name of this blog I briefly introduced you to my wife, Hot Momma, and my girls, Thing 1 and Thing 2, which is of course a nod to their favorite author, Dr. Seuss. Well it appears that Thing 3 will be arriving this winter. Hot Momma, when she is not wanting to vomit, is ecstatic. I am looking forward to the experience but I am admittedly concerned about the prospects of raising three kids. I know it can be done, I know many others have raised many more, I know it will be fine. But it seems like a much bigger jump from two to three than it was from one to two. Table for four, ten minute wait. Table for five, it may be a while. Luckily, Thing 1 and Thing 2 are brilliant, as discussed here, and they should be in the running for some college scholarships to defray the high cost of college tuition. Time will tell as to what attributes and abilities Thing 3 will possess. If he/she is anything like his/her older sisters, he/she will be pretty awesome. (We will find out the gender of Thing 3 prior to his/her arrival but it is still too early to tell)

In May I posted about ONE Extraordinary Marriage, a new website dealing with marriage and intimacy building. Thanks to Tony and Alisa DiLorenzo, our marriage is very fulfilling and I believe we are better able to deal with the challenges of raising three kids while keeping up with all of the other demands of life. I just bought their new book, Stripped Down, and look forward to reading it with my wife to continue our efforts to maintain our marriage.

Steinbrenner family might face tax battle

ESPN, the self-proclaimed worldwide leader in sports, posted an article titled Family of New York Yankees owner George Steinbrenner might face tax battle – ESPN New York. As my loyal reader(s) may recall, this is something I touched on a few months ago in a short post which was cleverly titled: Certainties: Death – Yes, Taxes – Probably, Death Taxes – Depends.

The ESPN article points out that there are legislators attempting to enact legislation which would allow for the retroactive collection of estate taxes. This hardly seems fair or, as attorneys like to say, equitable. We are governed by the rule of law. The current laws read that there are no estate taxes due for deaths that occur in the year 2010. If Congress wanted to require the payment of estate taxes it had years to get something done before the repeal kicked in. They failed to do so. It is also their inaction which will allow the estate tax to pick back up in 2011 with lower exclusion amounts and higher rates than the year 2009. At least we know the rules and can plan for 2011.