Sunday, June 16, 2013
Great Falls
Yesterday I visited the Great Falls National Historic Park in Paterson, New Jersey. I thought it was pretty nice and worth seeing if you live nearby. It reminded me a bit (on a greatly reduced scale of course) of Niagara Falls. We have gotten some rain recently so the Falls may have been a bit more impressive than usual. There was some spray or mist from the Falls at some of the viewing locations which was fine on a hot day but might not have been as pleasant in colder weather. There is no charge to view the Falls and parking was no problem yesterday.
I took the picture near the parking area. With a little walking you can get a closer view of the Falls from the bridge in the background and from a viewing area on the other side.
Thursday, June 6, 2013
Maryland v. King
Incidentally while Scalia's dissent accuses Kennedy's majority opinion of slanting the facts to support his argument the dissent does not appear to be perfect in this regard. In footnote 2 Scalia claims:
Sunday, June 2, 2013
Yaris
Incidentally I could have used my personal car and received a mileage reimbursement. This probably was the better option but I was deterred by the fact that my employer's insurance would not cover any damage to my personal vehicle. But given the low value of my car and average driving ability the expected value of such damage was likely under $20 which would have been covered by the generous mileage allowance. Also using my personal car would have meant I could have left from and returned to my house instead of from my work location (where I picked up and dropped off the rental) saving some time and hassle. And I could have paid the tolls with EZ Pass instead of with cash again saving a bit of time and trouble. And finally although I liked the Yaris well enough as with driving any unfamiliar vehicle there was a bit of a learning curve which meant I was probably at a bit higher risk of getting into an accident.
Monday, May 13, 2013
Closure
I closed on the sale of my Ossining townhouse last Monday. The sales price was 1.59 times what I paid back in 1989 off a bit from the high point of about two times for units like mine (back around 2006). At about 2% a year appreciation this didn't keep up with inflation. Even before deducting for the 5% real estate commission and other expenses. So in one sense this wasn't a very good investment. Although it wasn't terrible compared to renting. And on the other hand I got to live there 23 years rent free and I liked the place. Which is also an important consideration.
I might done a bit better financially if I had been less slothful and gotten the place listed 6 months earlier in the Spring instead of the Fall of last year. Spring seems like a better time to list. There are more potential buyers looking and I think the complex is more attractive at that time of year with warmer weather and more greenery. Also I would have (potentially) saved some months expenses.
I took the picture two days before the closing when I visited the place for the last time. My unit is behind the middle tree. It faced South so it was nice and sunny and I liked the views of the pond.
Friday, May 10, 2013
My Citations
When I was at IBM I tried for a while (until I lost interest) to keep track (via Science Citation Index) of papers citing mine. This is much easier. And Google Scholar seems to be pretty good at tracking down free online versions of published papers. It is interesting to see that the number of people citing my papers each year has been trending upward although I haven't been producing much in the way of new papers for a long time. However I suspect this is mostly because the number of papers being published each year has also been steadily rising.
In summary this seems like an interesting and worthwhile feature. It does depend on authors setting it up for their papers. At the moment many haven't but hopefully more will over time.
Sunday, April 21, 2013
Address Change Delay
Addendum (5/15): It seems I was likely given bad (or perhaps just highly pessimistic) information from the clerk. When I returned 2 weeks later for the final time I didn't have any additional mail in my box so it appears the change of address took effect almost immediately as I would have expected.
Tuesday, April 16, 2013
Tax Day
Regarding tax refunds, these count as taxable income if you deducted the taxes in a previous year but only if (or to the extent) that the deduction saved you money. In my case it hadn't because I was subject to the AMT (alternative minimum tax) which does not allow you to deduct state and local taxes paid. Showing this requires refiguring your prior year's taxes which ideally TurboTax would automatically do for you (assuming you used it in the prior year) but which in any case isn't that complicated (assuming you were using TurboTax) although TurboTax explains it badly.
Regarding estimated tax payments the government doesn't want to wait until April 15th to get its money. So it withholds taxes from your wages (and some other things) and requires quarterly estimated tax payments to cover the taxes on income (such as dividends or capital gains) not subject to withholding. If you don't pay enough in estimated taxes you will in certain circumstances owe a penalty. This includes cases where your total estimated tax payments were sufficient but you didn't pay them in equal installments throughout the year. However you aren't required to predict the future, if your income comes in unevenly during the year your estimated tax payments can be uneven as well as long as they keep up with your income as received. In my case I had large capital gains in December and made a large estimated tax payment in January. If my income had come in evenly through the year I would have owed a substantial penalty but as it was I didn't. However demonstrating this is a fairly involved process. You have to figure your income (and deductions) for the first 3, 5 and 8 months of the year, annualize them, figure the tax and then show your payments (withholding and estimated tax) covered at least 90% of the prorated tax amount. There is unavoidably a lot of work in figuring your partial year income and deductions but once you have entered the amounts TurboTax should be able do the computations automatically. But for some reason it doesn't, while it figures the regular tax on the annualized amounts it makes you figure the AMT yourself a fairly complicated calculation. And then it uses the wrong threshold for the June 15 estimated tax payment. This should cover 37.5% (90% of 5/12) of your annualized tax but TurboTax uses 45% (90% of 6/12 as if June was the seventh month of the year instead of the sixth). This is not entirely its fault as it is following an IRS example with the same error (I am assuming this error hasn't actually been written into the tax laws). Fortunately this didn't matter for me.
As I recall TurboTax warns you the alternative computations above are a lot of work without providing useful guidance on when they are likely to save you money. As a result I suspect some people are paying more in taxes than they are legally required to.
I found other aspects of the program irritating, it tries to sell various upgrades and when I printed out one copy of the return to mail and one for my records I got two copies of stuff like the filing instructions which is just a waste of paper (and ink).
All in all I am not inclined to go back to doing my taxes by hand but I find the program irritating also. Probably not enough to try a different program next year though.
