$11.5 Trillion Lost In Bermuda Triangle In case you've ever wondered just how much money the mega rich keep nice and tax free in off shore shelters, it's $11.5 trillion.
It's the stupid, economy. I'm no economist, but I'm reminded of the underpants gnomes business strategy when I read this. Obviously there is a political component (to the story) but what the $!@(# are the nuts and bolts? Why is pressuring economic engine states (California, New York) a good thing? (registration to the L.A. Times ... sry) Pretty much the same story here.
Paul Martin, Canada's current Prime Minister, running for re-election for the Liberal party, suggests that voting for him will prevent us from being like the US in his latest television AD campaign (sorry, they only make a WiMP 9 version available). Will your country be next?
Monetary Policy in a Zero-Interest-Rate Economy [pdf] This report written by the Dallas Fed is amazing. Amongst other things, it outlines a plan to tax your savings as a way to continue to stimulate consumption should rates fall to zero. While opinions of the 'fed range from worship to outrage, their actions raise some serious questions. Why does this unelected group wield so much power? At what point are their actions (taxing savings) a violation of our property rights? If our economy is built on capitalism, why can we not be capitalists and embrace the opportunity presented by both boom and bust? At what point are we a command economy?
Quick, Hide The Body! "...But the Bush administration chose to keep the findings out of the annual budget report for fiscal year 2004, published in February, as the White House campaigned for a tax-cut package that critics claim will expand future deficits. The study asserts that sharp tax increases, massive spending cuts or a painful mix of both are unavoidable if the US is to meet benefit promises to future generations. It estimates that closing the gap would require the equivalent of an immediate and permanent 66 per cent across-the-board income tax increase."
Millionaires' Havens, Heavens And Hell Holes: Ghastly, depressing Monaco comes in for a deserved drubbing from Philip Delves Broughton in this week's Spectator. The idea of billionaires surfing the Web looking for a hide-out makes me giggle and gag, but it appears poor people can play too. Have a look at (free!) e-zine Escape From America; run your index finger down a list of tax havens and choose the
paradise place you'd scarper off to, if your money problems, whether from excess or lack of money, ever become too [sorry...] taxing.
State income tax or not? Massachusetts voters get to decide on Nov. 5th. Is this a real possibility or just a publicity stunt for Carla Howell and the Libertarian party?
I'm curious, isn't this exactly opposite of what we're being told? I'm always hearing the wealthy are benefitting somehow from GWB's new tax plan. I'm certainly no-where near the top 5%, and now I don't want to be.
Should creation of intellectual property be taxable? The City of Seattle wants to tax the development of software, not the sale, the development. Across the country state and local governments are starting to consider taxing this. The question is, is software development taxable? If so, is writing a book taxable, painting a picture? People pay sales tax on the software, and businesses pay income, use, and B&O taxes already. Why is this different? via /.
Did you know about the "African-American Slavery Reparations" tax credit? (Neither did I.)
Congress on Thursday chose not to extend a 1998 ban on taxes that target the Internet, meaning that, theoretically, state and local governments could begin imposing Internet taxes on Monday.
Congress on Thursday chose not to extend a 1998 ban on taxes that target the Internet, meaning that, theoretically, state and local governments could begin imposing Internet taxes on Monday. Wow, we've been watching over our shoulders for terrorist and congress slips us a fast one!
Oops. Where did the surplus go? It' fascinating how MSNBC bends over backward to make it sound as if both parties shared blame equally rather then pointing straight at Bush's outrageous tax cut.
Don't tax my Amazon Purchase! Legislation is in process to permanently prohibit taxes on Internet purchases. Whatever will Massachusetts and California do for revenue? Tax a satellite or two, I'd guess.
Texas gets good deal on Bush tax plan.. my state and many others lose....Do I move to Texas or pay more to avoid it?
"Tax Clarity was created to help you decipher what the tax plans by both presidential candidates mean to you personally." Enter some information from your paycheck and find out how much you'd save using either Bush's or Gore's tax plans. via dandot.