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Posts Tagged ‘TRUMP TAX RETURNS’

CHECKING OUT THE CHECKOUT

Posted by Tim Bryce on April 18, 2019

BRYCE ON LIFE

– In appreciation of old brass cash registers.

Click for AUDIO VERSION.
To use this segment in a Radio broadcast or Podcast, send TIM a request.

When I was a young lad visiting my grandparents in Buffalo, New York, there was a local grocery store I loved to visit with them. It had wooden floors, a pickle barrel, and separate barrels for butter and cheese. Milk was still sold in glass bottles, and the store butcher cut meat in accordance with your wishes and wrapped it wax paper and string. There was also freshly ground coffee that smelled heavenly, as well as the fresh bread sold there. To a young boy, the shop was a wonder to behold with all of its sights, sounds, and smells. The only other institution that could hold a candle to it was an old hardware store in my hometown of Norwalk, Connecticut. It too had wooden floors, barrels on the floor for different nails and screws, a wide array of tools for just about any task, and the smell of freshly cut pine enraptured me. Such stores were magical and I never wanted to leave.

The focal point of both stores understandably was the checkout counter featuring a massive cash register with a wide array of white ivory buttons. I was mesmerized by the clerk whose fingers flew across the rows of buttons rapidly and accurately to record the transactions, each making a distinct and authoritative mechanical click. When the register drawer was opened, a pleasant sounding bell would ring. A simple receipt was printed which identified the store by name and number, today’s date, the price of each item you purchased, sales tax, and the total. The whole receipt was no bigger than a baseball card. The machine itself was a majestic instrument made of brass with decorative swirls and lines adorning it and there was a massive handle on the right side of the register to process the final transaction. The register drawer inside it was made of wood and the oils from the fingers of clerks over the years turned it deep brown thereby revealing its age. The machine was sturdy, reliable and never broke down. To my young mind, it was truly a work of art and added a touch of class to the establishment.

Today the checkout counter is a much less pleasurable experience. Registers are plain looking plastic boxes with considerable electronics, making them much less impressive than the splendid grandeur of yesteryear. In most stores we are asked to swipe credit cards or insert the memory chip. Then we must sign our names to acknowledge the transaction, not on paper, but on a touch screen which has a tendency of making our autographs look garbled as if it were signed by a five year old huckleberry.

Then there is the matter of the paper receipts. Instead of simple slips of paper, the machine now generates “War and Peace” containing legal terms and conditions, rebate offers that are too illegible to properly process, along with coupons and discounts on everything except what you want to buy. Reams of paper are generated thereby taking up considerable space in our wallets or purses. For a paperless society, we sure know how to kill a lot of trees.

As if this wasn’t bad enough, I’m always amazed by the automatic checkout counters in the mega hardware stores and supermarkets. The concept is to allow customers to check themselves out without assistance from clerks, thereby saving the company money in terms of personnel needed to process the order. Interestingly, I have yet to see an automatic checkout counter without a human standing nearby to supervise activity and intervene when trouble arises, which seems to be always. Because these checkouts seem to be prone to processing snafus, I wonder why companies bother. After all, I prefer human contact where you are, in theory, to be treated cordially and friendly, thereby encouraging repeat business, references, and increased sales. I don’t need clerks heckling me with “Good Mornings,” but rather someone who cares about me visiting his/her store.

God, how I miss those big brass cash registers.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M&JB Investment Company (M&JB) of Palm Harbor, Florida and has over 40 years of experience in the management consulting field. He can be reached at timb1557@gmail.com

For Tim’s columns, see:   timbryce.com

Like the article? TELL A FRIEND.

Copyright © 2019 by Tim Bryce. All rights reserved.

Listen to Tim on WZIG-FM (104.1) in Palm Harbor,FL; Or tune-in to Tim’s channel on YouTube. Click for TIM’S LIBRARY OF AUDIO CLIPS.

 

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TRUMP’S TAX RETURNS, PART DEUX

Posted by Tim Bryce on April 16, 2019

BRYCE ON POLITICS

– Much ado about nothing.

Click for AUDIO VERSION.
To use this segment in a Radio broadcast or Podcast, send TIM a request.

You’ve got to hand it to the Democrats and their lap dogs, the main stream media, as they do not give up easily. This month it is President Trump’s tax returns. Only God knows what it will be next month. At least they know how to mount an attack. I would love to see their strategy room adorned with a portrait of George Soros, their patron saint of counter-culture.

I brought the subject of presidential tax returns up a few years ago, but it recently resurfaced. The chairman of the House Ways and Means Committee, Rep. Richard E. Neal (D-MA), made a request of the the Internal Revenue Service commissioner for six years of President Trump’s personal and business tax returns, which will inevitably result in a spirited brawl with the White House. Actually, we shouldn’t be surprised; after all, we’re in an election cycle and the Democrats have again embarked on another smoke and mirrors campaign to assassinate the president’s character. They couldn’t take him down with the Mueller investigation, so now they are grasping at straws to find a way to besmirch his character. So, this isn’t about obtaining his tax returns, which they know they are not entitled to, as much as it is a part of their overall strategy to bash the president.

Donald Trump’s failure to disclose his tax returns thus far has once again come under scrutiny by the press. They contend it is their “right” to review all candidate returns to assure they are not cheating or using unscrupulous tax schemes. Mr. Trump contends his tax returns are being audited by the IRS and, based on the advice of his lawyers, he should not release them prematurely. Of course, the Democrats and the press do not accept this and adamantly demands to see his tax returns. Frankly, it is none of their business.

Let’s see if we can clear up a few things regarding this issue.

First, there is absolutely no legal requirement for a candidate to disclose his/her tax returns. This is something the press views as unwritten law, but there is no sand in it. Further, not releasing tax returns is certainly not without precedent. Tax Analysts, a nonprofit organization who monitors presidential tax returns, lists many exceptions:

* “For tax year 2001, both President Bush and Vice President Cheney released partial returns. For tax year 2000, Bush released only his Form 1040; Cheney provided a summary of his taxes, but released no forms.”

* Ronald Reagan did not report his returns for the 1980 election.

* Jimmy Carter also didn’t report his for the 1976 campaign.

* “Gerald Ford did not release his returns, but he did release summary data about his federal taxes for the years between 1966 and 1975.”

* “Franklin Roosevelt did not release tax returns during his presidency, but many returns were later made available by his presidential library.”

And there are no tax returns listed for Dwight Eisenhower and John Kennedy. So, as you can see, there is no mandate to release tax returns. It’s just something the Democrats and the press insists they have a right to. They do not.

As an aside, the only tax report on record for President Trump is for 2005 which was mysteriously produced in 2017 and revealed nothing improper.

Second, rarely does anyone read the tax returns, people just want to know if they have been released. In President Trump’s case though, the attacking liberal media will go through it with a fine tooth comb, spotting any possible indiscretion and blowing it out of proportion. If and when the president releases his tax returns, they will undoubtedly be squeaky clean, leading the press to conclude, “Well, yes, I guess he knows how to make money” (but will never openly admit it to the public).

Third, Mr. Trump provided a summary of his financials in his book, “Crippled America.” Why is the press not interested in analyzing this report?

As long as President Trump holds on to his tax returns, the press and his political opponents will claim this is a liability, that he has something to hide. However, let’s assume the president is correct, that he is being audited by the IRS. Those of you who have suffered through such a review will probably side with the President by saying, “It’s none of your business,” or possibly something a little stronger.

First published: June 15, 2016. Updated 2019.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M&JB Investment Company (M&JB) of Palm Harbor, Florida and has over 40 years of experience in the management consulting field. He can be reached at timb1557@gmail.com

For Tim’s columns, see:   timbryce.com

Like the article? TELL A FRIEND.

Copyright © 2019 by Tim Bryce. All rights reserved.

Listen to Tim on WZIG-FM (104.1) in Palm Harbor,FL; Or tune-in to Tim’s channel on YouTube. Click for TIM’S LIBRARY OF AUDIO CLIPS.

 

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