Kona Kohala Blog

I may be that prices in South Kohala and North Kona are leveling off in what has been a steady decline.  Prices had been averaging about 20% per year in both districts but now are slowing their fall.

Activity in June is starting slow but we expected that since it's the slow time of the year but we're still seeing increasing numbers of sales compared to the last few years as prices make property all too appealing to qualified buyers.  Now is a great time to shop with low prices, a fairly good inventory to choose from and interest rates that are still under 5% for a 30 year fixed rate mortgage.

A quick jab at Secretary of State Hillary Clinton.  She's caught Obama's apologizitis; today in Quito, Ecuador, our secretary of state for the United States of America, apologized because the wealthy here aren't paying enough to help all the poor.

Hillary said, "This is partly due to how taxes are structured, with the burden falling to heavily on the lower classes . . ., But in many places, including often in my own country, the simple fact is that the wealthy do not pay their fair share of taxes."

According to the IRS as reported by the National Taxpayer Union, the top 5% of earners, those making more than $160,041 per year, pay 60.63% of the federal taxes.  The top 10%, those making an AGI of $113,018, paid 71.22% of the taxes and the top 25%, those making $66,532 per year, pay 86.59% of all taxes at the federal level.  Now, those "lower classes", well the bottom 50%, those making less than $32,879, they pay just 2.89%.

I may be wrong but it appears to me that the wealthy are paying their fair share.  Consider that 47% of the "lower classes" pay no federal income tax at all and the wealthy seem to be doing more than their fair share so shut up, Hillary.  Get your facts straight and quit complaining about this country that allows you to travel for free, around the world, to bash us.  I want whatever taxes I paid for the Secretary of State travel budget back, enough!