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High School Harry

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High School Harry last won the day on July 13

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2,168 The F'n Man!

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About High School Harry

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  • Birthday December 16

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  1. ************** E mail from my accountant and offered as fyi rather than fuel to the flame fire. I found it informative and helpful and don't shoot the messenger nor look for hidden agendas of mine. ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: 2018 brings DRAMATIC changes to federal tax law, so I wanted to provide a review of these changes well in advance of tax return time. Income tax brackets have changed. The old 10%, 15%, 25%, 28%, 33%, 35%, and 39.6% brackets have been restructured to 10%, 12%, 22%, 24%, 32%, 35%, and 37%. These new percentages are slated to apply through 2025. Here are the taxable income thresholds for these brackets in 2018: Bracket Single Filers Married Filing Jointly Married Filing Head of Household or Qualifying Widower Separately 10% $0 - $9,525 $0 - $19,050 $0 - $9,525 $0 - $13,600 12% $9,525 - $38,700 $19,050 - $77,400 $9,525 - $38,700 $13,600 - $51,800 22% $38,700 - $82,500 $77,400 - $165,000 $38,700 - $82,500 $51,800 - $82,500 24% $82,500 - $157,500 $165,000 - $315,000 $82,500 - $157,500 $82,500 - $157,500 32% $157,500 - $200,000 $315,000 - $400,000 $157,500 - $200,000 $157,000 - $200,000 35% $200,000 - $500,000 $400,000 - $600,000 $200,000 - $300,000 $200,000 - $500,000 37% $500,000 and up $600,000 and up $300,000 and up $500,000 and up The standard deduction has nearly doubled. This compensates for the disappearance of the personal exemption, and it may reduce a taxpayer’s incentive to itemize. The new standard deductions, per filing status: *Single filer: $12,000 (instead of $6,500) *Married couples filing separately: $12,000 (instead of $6,500) *Head of household: $18,000 (instead of $9,350) *Married couples filing jointly & surviving spouses: $24,000 (instead of $13,000) The additional standard deduction remains in place. Single filers who are blind, disabled, or aged 65 or older can claim an additional standard deduction of $1,600 this year. Married joint filers are allowed to claim additional standard deductions of $1,300 each for a total additional standard deduction of $2,600 for 2018. The state and local tax (SALT) deduction now has a $10,000 ceiling. You can now only deduct up to $10,000 of some combination of a) state and local property taxes or b) state and local income taxes or sales taxes per year. Taxes paid or accumulated as a result of business or trade activity are exempt from the $10,000 limit. The estate tax exemption is twice what it was. Very few households will pay any death taxes during 2018-25. This year, the estate tax threshold is $11.2 million for individuals and $22.4 million for married couples; these amounts will be indexed for inflation. The top death tax rate stays at 40%. More taxpayers may find themselves exempt from Alternative Minimum Tax (AMT). The Alternative Minimum Tax was never intended to apply to the middle class – but because it went decades without inflation adjustments, it sometimes did. Thanks to the tax reforms, the AMT exemption amounts are now permanently subject to inflation indexing. AMT exemption amounts have risen considerably in 2018: *Single filer or head of household: $70,300 (was $54,300 in 2017) *Married couples filing separately: $54,700 (was $42,250 in 2017) *Married couples filing jointly & surviving spouses: $109,400 (was $84,500 in 2017) These increases are certainly sizable, yet they pale in proportion to the increase in the phase-out thresholds. They are now at $500,000 for individuals and $1 million for joint filers as opposed to respective prior thresholds of $120,700 and $160,900. The Child Tax Credit is now $2,000. This year, as much as $1,400 of it is refundable. Phase-out thresholds for the credit have risen substantially. They are now set at the following modified adjusted gross income (MAGI) levels: *Single filer or head of household: $200,000 (was $75,000 in 2017) *Married couples filing separately: $400,000 (was $110,000 in 2017) Some itemized deductions are history. The list of disappeared deductions is long and includes the following tax breaks: *Home equity loan interest deduction *Moving expenses deduction *Casualty and theft losses deduction (for most taxpayers) *Unreimbursed employee expenses deduction *Subsidized employee parking and transit deduction *Tax preparation fees deduction *Investment fees and expenses deduction *IRA trustee fees (if paid separately) *Convenience fees for debit and credit card use for federal tax payments *Home office deduction *Unreimbursed travel and mileage deduction Many small businesses have the ability to deduct 20% of their earnings. Some fine print accompanies this change. The basic benefit is that business owners whose firms are LLCs, partnerships, S corporations, or sole proprietorships can now deduct 20% of qualified business income*, promoting reduced tax liability. (Trusts, estates, and cooperatives are also eligible for the 20% pass-through deduction.) Not every pass-through business entity will qualify for this tax break in full, though. Doctors, lawyers, consultants, and owners of other types of professional services businesses meeting the definition of a specified service business* may make enough to enter the phase-out range for the deduction; it starts above $157,500 for single filers and above $315,000 for joint filers. Above these business income thresholds, the deduction for a business other than a specified service business* is capped at 50% of total wages paid or at 25% of total wages paid, plus 2.5% of the cost of tangible depreciable property, whichever amount is larger. * See H.R. 1 – The Tax Cuts and Jobs Act, Part II—Deduction for Qualified Business Income of Pass-Thru Entities The individual health insurance requirement is over. The Affordable Care Act instituted tax penalties for individual taxpayers who went without health coverage. As a condition of the 2018 tax reforms, no taxpayer will be penalized for a lack of health insurance this year.
  2. High School Harry

    Hobson: New Coaches Overview for 2018

    Where's the article on coach Marcus Lewis and his experience in pro football before getting hired by the Bengals. Throw in Colerain Kerry Coombs's son.
  3. High School Harry

    Four Falls of Buffalo

    Maybe he's a Shittsburgh fan.
  4. High School Harry

    Pacman in the news again

    LeBron James as A.J. Green Christopher Reeve as Tyler Eifert Mickey Rooney as Andy Dalton Vern Troyer as Billy Pierce (check out the arms)
  5. High School Harry

    Pacman in the news again

    Coming to Netflix in September: "'Dindu Nuffin' The Pacman Jones Story." Starring Johnny Depp as The Pac Robert DiNero as Marvin Lewis Jabba the Hutt as Mike Brown Lady Gaga as Katie Blackburn and Jerry Mathers as The Beaver
  6. Bengals could have one of the best position battles at Defensive End By: Captain Obvious| 3 hour The Cincinnati Bengals have several positions sure to put on interesting roster battles in training camp. Running back and wide receiver looks deep as usual. The coaches will have some tough decisions to make in the secondary as well. Then there is defensive end. Carlos Dunlap obviously holds down one side of the line. But the battle for snaps otherwise should be ferocious, with Michael Johnson, Jordan Willis, rookie Sam Hubbard and even Carl Lawson fighting it out. Lawson, in particular, caught the eye of Bleacher Report’s Brent Sobleski recently: The Bengals have said they want to use Lawson more standing up, but he might get listed as end anyway and will have to compete coming off his stellar rookie season. Lawson should see more snaps than a year ago, which leaves a veteran like Willis relegated to inside pass-rushing looks. Bengals coaches have made it sound like Willis should start opposite Dunlap. No matter how it plays out, the Bengals won’t complain about a fierce battle here at a traditional point of strength under Marvin Lewis.
  7. High School Harry

    Supplemental Draft Prospects?

    Sam Beal went to the Giants for a third round pick and Alexander went to Washington for a sixth round pick. Brandon Bryant is now a free agent. LB Bright Ugwoegbu and RB Marty Carter also not picked and free agents. I think Adonis Washington was well worth a 6th rounder just to bring into camp and the Bengals should try to sign Bryant just to bring him in and see if he can play special teams if nothing else.
  8. I think he took it down. I sent him a PM saying he had not obscured his name, address, etc. as Amish has above. But they are great looking.
  9. Bob Trumpy's biography, "Trump", out of print for decades and is an encyclopedia of great stories about the first years of the Cincinnati Bengals. WELL worth a few bucks. My original, borrowed from a junior high library and never returned, is long gone but I may invest in another now that I am thinking about it. Not sure, but there may be a more recent book out with the same title, "Trump" but make sure you get the original. https://www.amazon.com/Trump-years-Bengals-Bob-Trumpy/dp/0898650194/ref=sr_1_fkmr0_2?s=books&ie=UTF8&qid=1531322946&sr=1-2-fkmr0&keywords="Bob+Trumpy+Trump"
  10. High School Harry

    Four Bengals Who Could Steal Roster Spots

    Perkins .... Practice squad if still eligible. First guy up when Fisher has a heart attack. Worley ... There until Burfict comes back then a decision made to keep him or move him to the practice squad and on speed dial if someone gets a boo boo. Or Burfict gets suspended again. Flowers ... Not impossible considering he can be a quarterback, running back and probably a receiver. Not sure about how Lazor feels about gadget plays like the wildcat, etc. but this guy could probably pull that off. And Logan Woodside's DUI may have taken him out of any sort of consideration for the team beyond practice squad, if that. Tate ... Tate > Core. He's here.
  11. https://bengalswire.usatoday.com/2018/07/10/bengals-who-could-steal-roster-spots-this-summer/4/ Final cuts are going to be a serious hurdle for the Cincinnati Bengals in 2018. The Bengals had a talented roster last year before a series of moves this offseason, which included trading for a left tackle, making 11 draft picks and adding even more undrafted free agents. Ahead of training camp, these are the four versatile or downright talented players who could unexpectedly steal a roster spot. Kent Perkins ( Kareem Elgazzar/The Cincinnati Enquirer via USA TODAY NETWORK) An undrafted free agent in 2017 who’s not a recognizable name isn’t the first guy to come to mind. Yet, here is Perkins, an offensive tackle who apparently “has fans in the building,” as we’ve noted in the past. Versatility could be the name of the game with Perkins here, as he had experience at both tackle spots in college. He’s also massive at 6-foot-5 and 320 pounds, so if he responds well to Frank Pollack’s new ways, he could push a bigger name off the roster. Chris Worley (Patrick Gorski-USA TODAY Sports) Speaking of guys with fans in the building, the Bengals did a ton of work on Ohio State linebacker Chris Worley leading up to the draft. Now he’s in town as an undrafted free agent and says he specifically chose the Bengals because he wants to make the final roster. He might just do it, too, thanks to the season-opening suspension of Vontaze Burfict. A linebacker with great coverage skills might just convince the Bengals to keep him around a long time. Quinton Flowers (Brian Spurlock-USA TODAY Sports) Every Bengals fan seems to know Flowers by now. The prestigious collegiate quarterback will play running back in the NFL. Funnily enough, his route to a final roster spot could be through the quarterback position anyway. As we wrote recently, the Bengals don’t like keeping three quarterbacks. Flowers could technically roster at running back but serve as a third quarterback if necessary. Auden Tate (Aaron Doster-USA TODAY Sports) Tate is the biggest winner of the offseason so far. Tate has A.J. Green calling him a “young Brandon Marshall” and his highlights are truly must-see material. He’s got a 6-5, 228-pound frame, so the ability to help out Andy Dalton by going up and getting tough catches is an asset Bengals coaches will love. While Tate is fighting at one of the deepest positions on the roster, he’s inching toward securing himself a spot.
  12. And Pudgy Alexander's brilliant "Cat Blocking" schemes. "I get dis cat here, you get dat cat deer" line calls.
  13. High School Harry

    Supplemental Draft Prospects?

    And his arms are too short.
  14. High School Harry

    Supplemental Draft Prospects?

    Still goofing on this. If supplemental draft player X is better than the player at the bottom of the totem pole on the team, why not bring him in? Chances are Dennard will leave at the end of the year for free agency, like it or not. I don't think the Bengals will put out the money to sign Carlos, Geno and Dennard all three. Besides with MikeBrownThink, former first rounder Dennard will cop a decent compensatory pick in the draft. I have been following this a bit and have come to these conclusions. Beal is a hot commodity and will go for at least a third round pick. Too pricey for the Bengals and I agree but I can see Pittsville picking him up and making him another hired assassin. New England, Philadelphia... maybe. To stock the cupboard for future use. Bryant... meh. 6th or 7th round offer, if that, or pick him up as an undrafted free agent it no one takes him. I would not mind having him on the team. Adorable Adrian Adonis Alexander ... I would like this guy. Cutting our lowest ranked cornerback for him and adding him to the practice squad if possible or having him on speed dial if Adorable Adrian does not work out. The little film I saw on him did not show him as a ball hawk. He did make one int on an underthrown pass. Difficult to really judge considering the level of competition but he was braking up passes just with his height and arms getting in the way of a reception. There is a hot running back out there who will probably go somewhere but not interested for us.
  15. High School Harry

    Dark Horse WR candidate?

    Do you mean he is going to cost us a Super Bowl victory?

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