Detroit’s Bankruptcy Doesn’t “Just Happen”
Corporations go bankrupt for a wide variety of reasons, but there’s only one reason for municipalities.
Corporations go bankrupt for a wide variety of reasons, but there’s only one reason for municipalities.
Money is not the source of the corruption in Congress.
Thanks to the public record, pieces of otherwise random information can be used to precisely identify an individual. Find out what some of the most common data leaks are in your life.
If there isn’t a strong enough outcry, these practices will become institutionalized.
Amazon is currently collecting sales tax for purchases shipped to nine states. It will begin collecting sales tax on purchases for Virginia in September 2013.
“I would rather be an oyster than a county regulator, the most stupid and senseless of animals.”
Economic growth is so easy….
It’s hard to believe they would both protest a tariff-created monopoly at the Boston Tea Party and then create one at the first congress.
Without public accountability, people are rightly suspicious that even the legitimate operations of government are corrupt.
Compliance isn’t just a technical burden. It is a threat of legal liability. The bill allows state tax audits by any state against any online vendor.
And yet we wonder why small businesses disregard so many government regulations.
If you’ve disagreed with our most recent two articles on free trade, then I challenge you to respond to these questions. Anyone?
The recent AIG marketing campaign makes my skin crawl. In what they are calling “America’s Profit,“ AIG boasts that repayment of the bailouts created a positive return for taxpayers.
The income tax penalizes productivity, discourages hard work, and suppresses investment.
The political party platforms on gun control and gun rights for 2012.
Here are the 2008 party platforms on the environment
Despite a steady diet of bad news, most markets around the world climbed the proverbial “wall of worry” to log strong returns. Major market indices around the globe delivered double-digit total returns.
Stewardship suggests limits on how people ought to rule over their environment. It is not a justification for bureaucrats’ limitless rule over people.
It is a crisis fabricated 100% by politicians. And avoiding the fiscal cliff is being used hypocritically for additional political gain.
“I would like to give my daughter my newer car, but the tax considerations are not simple.”
Here are thirty reasons Obama doesn’t deserve a second term.
The presidential election should be settled by a single question: “Who caused the financial crisis of 2008?” President Obama’s entire campaign has centered on his claim that he inherited a mess caused by the failed policies of the past.
In 2008 Obama captured 66% of the youth vote. But unlike the liberal ideological baby boom generation, millennials are more pragmatic. Support for Obama among the 18- to 29-year-old age group has dropped to 48%.
Are half of college graduates unable to get a college level job?
Two critical questions were raised during the first presidential debate: Are small businesses important to American’s prosperity? And if they are, which candidate will unleash that engine of economic growth and employment? Fact-checking the candidates offers a clear answer.
There is great disagreement in the financial services world if an advisor who has continuous and comprehensive management of a client’s assets should be allowed to also benefit from transactions that they recommend.
Americans continue to talk past each other by using a similar vocabulary while really discussing very different concepts. Views also differ on the concept of power.
“Average American investors start to worry that FINRA will damage their relationship with independent financial advisors.”
The rules which would begin to be applied to the watchdogs would not be for the sake of protecting the roost no matter how much the foxes suggest they do.
A gone-fishing portfolio has a limited number of investments with a balanced asset allocation that should do well with dampened volatility. Its primary appeal is simplicity. As a secondary virtue, it avoids the worst mistakes of the financial services industry.
“Unlike the government economic advisor, these entrepreneurial castaways are not making, i.e. printing, money. Instead, they’re creating new wealth by producing things that others find valuable.”
New rules go into effect January 1, 2012 which change the way you need to compute the cost basis for mutual funds if you use average cost accounting. We recommend you change the method you use to something which allows better tax management.
It isn’t crazy to suspect that the FDA does as much harm as good. And if you begin to suspect that, you are on your way to admitting that you might be more libertarian than Republican or Democrat
Unnecessary regulation annoys the good guys, and doesn’t stop the bad guys.
My youthful utopian idealism gave way slowly to my present midlife perspective. My life’s philosophical and experiential odyssey overturned many of my presuppositions. I learned over time that many of society’s assumptions are provably false. But it took courage to integrate this radical reevaluation of life.
Starting October 1, price controls were set by law on debit card swipe fees. Such populist well-intentioned legislation reduces economic freedom and slows economic growth.
Libertarians and economists both recognize that countries with more economic freedom experience higher gross domestic product (GDP) growth. That growth translates into higher stock returns for investors savvy enough to look for governmental fiscal restraint rather than government stimulus.
Given the dangers of worldwide sovereign debt, this may be one time when investors should continue to tilt foreign and toward specific countries.
Last month the Obama administration announced it would release 30 million barrels of oil, the largest ever, from the U.S. Strategic Petroleum Reserve. Only those without an understanding of basic economics would applaud such a move.
One method to divide the U.S. stock market is by sector of the economy. Overemphasize those sectors left free to innovate and compete on the global market.
The authors of the Zogby study suggested their own explanation. “We think that, for many respondents, economic understanding takes a vacation when economic enlightenment conflicts with establishment political sensibilities.”
Politicians are giving us no incentive to take care of ourselves. They are ensuring that government will need to save us.
Hong Kong has an incredibly low tax rate. Individuals are taxed at the lower of a progressive tax maxing at 17% of adjusted gross income or a flat tax of 15% of gross.
Only if you swear by the genius of Caesar, trust in his altruism and believe in his divinity is this bill a cause for celebration.
Government assistance has taken what might have been a simple recession and turned it into a more lingering malaise.
If the tax code permits a huge deduction for brushing your teeth with your left hand while standing on one foot, it is still worth doing.
Tax credits are much more valuable than tax deductions. Deductions only reduce the amount you are taxed on. One dollar of deduction might only be worth 35 cents. In contrast, tax credits are a dollar-for-dollar reduction in your tax bill. And a refundable tax credit could mean the government will owe you money you never paid in the first place.
A professional tax expert can help you get the correct deductions. But he or she likely won’t motivate you to keep the right records unless you understand the benefits for yourself.
In just three short years we’ve added more to the deficit as a percentage of GDP than in the three decades before.