by Linda Beale Corporate taxes down, workers’ taxes up–that’s America today Corporate taxes used to constitute a significant portion of federal revenues, almost a third in 1950. Payroll taxes from workers were considerably less–around 10% in 1950. Andrew Leonard, Who Really Pays Taxes? Salon.com (Aug. 28, 2012).The times have changed. Corporate taxes have declined steeply […]
Caught from the Washington Post…and also interesting knowing theTrans Pacific agreements allowing multinational CEOs and firms to sue in domestic courts: Apple patents were violated by Samsung, jury rulesApple won a sweeping victory in its landmark patent dispute against Samsung when a Silicon Valley jury ruled Friday that a series of popular smartphone and tablet […]
by Run 75411 The Elephants are Still Thirsty In my earlier post on Carrying Water for Elephants I explained how the $716 billion in planned reductions to Medicare was calculated, who it impacted, and from where it originated. The $716 billion is far larger than the initial $449 billion first reported. In 2010, the CBO arrived […]
A book review by Dale Coberly ONE NATION UNDER AARP The Fight Over Medicare, Social Security, and America’s Futureby Frederick R. Lynch I was asked to write a review of this book, perhaps because I sometimes write about Social Security. But I had to completely rearrange my perspective in order to even understand what the […]
The Federal Bailout That Saved Bain Capital & Mitt Romney Government documents prove the candidate’s mythology is just that by: Tim Dickinson Mitt Romney likes to say he won’t “apologize” for his success in business. But what he never says is “thank you” – to the American people – for the federal bailout of Bain […]
by Linda Beale RS goofing on foreign trust letters, says AICPA The American Institute of CPAs (AICPA) is asking the IRS Commissioner to resolve what it suggests is a “widespread problem” for taxpayers. Download AICPA Letter to IRS on Erroneous Form 3520 Letters to Taxapyers.082812. For 2010 and earlier years, the IRS apparently has made […]
Worth a post but this one is an item of information for gold bugs (hat tip J. McCord) From Bloomberg: Republicans Embrace Gold to Hedge Non-Existent Inflation The platform the party adopted yesterday at its national convention in Tampa, Florida, calls for a commission to investigate a possible “metallic basis for U.S. currency.” The move […]
Lifted from Robert’s: Mr Smith from Washington has a lot of trouble with the concept of consent. Maybe this is because when he says “no” he really means “yes”. “TOM SMITH (R-PA): Uh, having a baby out of wedlock. SCOLFORO: That’s similar to rape? SMITH: No, no, no, but… yes”http://t.co/KNxA3jPK
by Kenneth Thomas Hilarious twist on “You didn’t build that!” UPDATED The Atlantic Wire (via @NoBigGovDuh) has a great story on the dishonesty of Mitt Romney’s “You didn’t build that” ads. It turns out that at the Republican convention on Tuesday night, they plan to ramp it up again with a speech by a small […]