By Money & Finance
When Microsoft went public in March of 1986, co-founders Bill Gates and Paul Allen, two friends from high school who bonded over their mutual love of computer science, became multi-millionaires.
Gates, then 30, remained CEO and rose to prominence as one of the richest people in the U.S. The shares he sold made him $1.6 million, and the 45 percent stake he retained gained a market value of $350 million.
The young CEO celebrated his newfound wealth by making a very sensible decision: He paid off his $150,000 mortgage, he told Fortune in 1986.
"I bought one thing that was a tiny bit of a splurge," Gates told David Rubenstein during a 2016 Bloomberg interview. "It was used, but it was an incredible car."
Gates first purchased a Porsche 911 Turbo in 1979 and rumor has it that he was pulled over quite a few times in the blue sports car. This 911 has since been auctioned off for $80,000.
Gates didn't let the car sit around gathering dust: The CEO loved to put its speed to the test in drives around the New Mexico desert, near where Microsoft was headquartered at the time. After one particularly raucous night, he even had to call Allen to bail him out of jail, according to a Time profile from 1997.
"Sometimes when I would want to think at night, I would just go out and drive around at high speed," Gates told Rubenstein. "Fortunately, I didn't kill myself doing that."
Gates's wealth continued to balloon after Microsoft's IPO and he became a billionaire in 1987 at age 31. At the time, he was the youngest person ever to reach the milestone. And by 1995, his fortune had grown to $12.9 billion, making the then 39-year-old the world's richest man, a title he held for years afterward.
By Guest Nicole
Everyone who has a PC knows how the key shortcut Ctrl+Alt+Delete is used. It is usually used to access the computer’s task manager when something doesn’t seem right. While you need to use two hands two press all three keys on the keyboard to make this function work, it’s not usually a problem for Windows users. However, the founder of the mentioned computer company, Bill Gates regrets having the Ctrl+Alt+Delete command. He prefers if it were just a single button.
Read more at: https://gineersnow.com/industries/bill-gates-regrets-creating-ctrlaltdel-command
via .ORGWorld News
The McDonald's McGold Card is a food-redemption ticket that provides the owner with free, unlimited McDonald's for life. The existence of the card gained international attention after actor Rob Lowe flashed his on Jimmy Kimmel LiveÂ in 2015. Since then, it has been revealed that a range of VIPs and celebrities have their own version of the card - from Bill Gates to Warren Buffett. So how do 'normal' people go about getting one? Here are the details.
When Rob Lowe appeared on Jimmy Kimmel Live with a golden McDonald's card last year, one big question remained: How could the Average Joe get his own card that granted him access to unlimited McDonald's? Not easily, a little sleuthing revealed.
The first complication: Rob Lowe's Gold Card was not issued by McDonald's corporate office. Instead, it is from the owner of, and can only be used at, McDonald's franchises in Santa Barbara or Goleta, California.
While Lowe says he received the Gold Card because his buddy's dad created the McMuffin, McDonald's confirmed to Business Insider that he in fact received the card from David Peterson Â— the buddy in question, who is now a McDonald's franchisee himself.
Herb Peterson, who passed away in 2008, was a legendary force in the fast-food world. He debuted the first Egg McMuffin at the Santa Barbara McDonald's he co-owned with DavidÂ in 1972. Peterson started his work with McDonald's as the vice president of the company's advertising firm, D'Arcy Advertising, and went on to become a franchisee and operator of six McDonald's locations.
Today, David Peterson has carried on his father's legacy with the chain. Earlier this year, the franchises he runs in the Santa Barbara and Goleta areas became some of the first to launch "taste-crafted" sandwiches as part of the McDonald's turnaround plan, reports local news stationÂ KEYT.
Peterson also wields the power to give out Gold Cards, granting the recipient free McDonald's at the locations he owns and operates. While Lowe is quite likely the most high-profile person to be awarded the card, he is not the first Â— just the first to brag about it on late-night TV.
For example, Larry Crandell was awarded a GoldÂ Card by Peterson on his 90th birthday, reportsÂ SantaBarbara.com.Â While the cards are nearly identical, unlike Lowe's card, Crandell's awarded him free McDonald's for life.
Crandell is a bit of a celebrity in Santa Barbara, having reportedly helped raiseÂ millions of dollarsÂ for the community as a volunteer and expert emcee.
In fact, McDonald's franchisees across the country appear to be more than happy to give local heroes free food with their own versions of the "Gold Card." Â
Warren Buffett toldÂ CNBCÂ he had a McDonald's card that allowed him to order unlimited food for freeÂ in Omaha.
Charles Ramsey, who ditched his half-eaten Big Mac to help rescue three kidnapped women in May 2013, was awarded free McDonald's at all locations for a year and unlimited McDonald's for the rest of his life at local Ohio restaurants.
In March, Ottawa Senators goalie Andrew Hammond, nicknamed the Hamburglar, received a card that gave him free McDonald's for life from an Ottawa franchisee who, coincidentally, was also the father of Hammond's former coach.
However, there are only two major confirmed stories of people in possession of cards granting them free, unlimited McDonald's anywhere in the country, or even the world.
While on the campaign trail in 2012, Mitt Romney told a story of how his father had a "little pink card"Â that awarded him free McDonald's for life. McDonald's confirmed that founder Ray Kroc had given Romney the card, but did not have any record of the reason for the gift. However, the chainÂ notedÂ that Kroc was known to informally gift these Lifetime "Be Our Guest" cards to various people throughout the years. Â
There should be a non-capped 10% Flat Tax in the USA on everyone including corporations.
The US National debt would disappear and Social Security would be funded.
Inequality would change course rather quickly and the middle class would reappear.
Once the national debt is gone... then we should peg the US dollar back to gold to control the spending habits of our politicians.
Not that I am a fan of personal income taxes. I would prefer consumption taxes over income taxes. (not sure how I feel about both existing simultaneously)
Sales taxes are regressive and hit the poorest the hardest. They should be abolished.
Real Estate Taxes seem a normal course of business for govt.
To do all this of course you should and probably would have to eventually "End the Fed"
What do you think?
By Guest Nicole
People worry a lot about the size of their tax bill this time of year, but the size of the bill simply to do their taxes often induces anxiety as well. Here are five simple ways to cut the cost of tax preparation.
1. Don’t pay for software you can get for free
A recent survey by NerdWallet and Harris Poll found that many taxpayers might be buying name-brand tax software that they could get at no cost through the IRS. That’s because people who made less than $64,000 during the 2016 tax year may qualify for the IRS’ Free File program, which gives them access to software from a range of providers, including big names like H&R Block and Intuit, which makes TurboTax.
If that’s you, the program is worth investigating. The IRS estimated in 2016 that more than 70% of American taxpayers — or about 100 million people — qualify to file their taxes for free through this program.
2. If you do pay for software, compare prices first
According to the NerdWallet survey, 40% of people who use tax software have used the same company for more than five years. Such loyalty can be expensive, because tax software prices change often and vary widely, even among competing versions designed for the same types of returns.
For example, freelancers who need software that can handle a Schedule C might want to compare the features of TurboTax’s online package for self-employed taxpayers, which sells for about $115 (plus $39.99 for a state return), with a similar offering from H&R Block that runs about $80 (plus $39.99 for a state return) or one from TaxSlayer priced at $35 (plus $22 for a state return).
3. Skip bells and whistles you don’t need
You may not need to pay for a provider’s high-end version if its less expensive version is good enough for your tax situation. Look carefully at the differences listed on the packages before you buy; it can cost around $20, sometimes more, to upgrade.
In fact, you may not need to pay at all. Even if you don’t qualify for the Free File option mentioned earlier, if your situation is simple enough many major tax-software providers run promotions that let you file a federal return — and often a state return — for free.
4. Avoid paying for human help if you can get it for free
Tax professionals charge $150 per hour on average to prepare federal and state returns, according to the National Society of Accountants. But many people might be able to get human help with tax prep or questions for free. Here are just some of the options:
The Volunteer Income Tax Assistance program helps community groups provide free tax services to people who generally earn $54,000 or less or who have disabilities or limited English skills. The Tax Counseling for the Elderly program gives free tax help to anyone but specializes in issues relevant to older taxpayers. AARP’s Tax-Aide connects people with tax counselors who have advanced IRS training. There’s also an FAQ page where you can submit tax questions to IRS-certified volunteers. You don’t need an AARP membership to get help. Your tax software might come with free help from people via email, phone or online chat, though it’s more common among the higher-end paid versions. Ask your local tax pro. According to the National Society of Accountants, 89% of them offer free client consultations. 5. Get it together
If you’re hiring a tax preparer, don’t show up the day before the filing deadline, dump a pile of paper scraps on the desk and wish the person luck. You might end up paying hundreds more to get your taxes done. According to the National Society of Accountants, 24% of tax pros charge to expedite returns (the average fee is $85); 22% will hit you with a fee ($79 on average) if you show up with information after a set deadline; and 71% charge extra for disorganized or incomplete files (that runs an average $117).