Via reader rjs news and Naked Capitalism comes this excerpt on income inequality and programs to address the issue: Bill Moyers: Plutocracy Rising – via Yves Smith – Bill Moyer’s latest show, with Matt Taibbi and and Chrystia Freeland, focuses on how the super rich have established a yawning chasm between themselves and ordinary Americans, both […]
Via Truthout comes this report from PR Watch: In a new lawsuit against the Securities and Exchange Commission (SEC), big energy extractors are pushing for carte blanche in their interactions with foreign governments, making it harder to track whether their deals are padding the coffers of dictators, warlords, or crony capitalists. The United States Chamber of […]
Real News carries The Black Financial and Fraud Report with Bill Black, reminds us this election has many issues that we need to remind politicians to tackle: And what did the—finally, the numbers that just came in in the New York Times article very recently that showed that—in the first year of recovery from the recession, which was […]
by Linda Beale Another Court Strikes Down DOMA The Second Circuit ruled on Thursday on the estate tax case involving the legality of DOMA–Windsor v. United States (or in the long form–Windsor, executor of the Estate of Spyer, v. United States). Readers may recall this as a case in which a group of members of […]
by Kenneth Thomas Romney’s Accountants Busted in New Tax Justice Network Study When Mitt Romney released the second of his tax returns last month, he also gave us a summary of his 1990-2009 taxes prepared by his accounting firm, PricewaterhouseCoopers (PwC). The whole point of that exercise, aside from trying to distract people from demanding […]
by Linda Beale Romney’s “Binders full of women” commenteditor’s note: this is a political commentary and not a tax discussion. When Romney was asked what he could do about the inequity in women’s compensation, he didn’t answer the question. He tried to turn it to his advantage by telling a story of how he ended […]
by Linda Beale Romney’s Tax (Mis)Calculations: if your two and two don’t add to four, pretend the Laffer curve gives you more Anybody watching last night’s presidential debate surely became aware at some point that Romney’s so-called “plan” for economic growth is an empty shell based on the idea that he’s made money for himself […]
Lifted from Angry Bear Robert Waldmann’s Stochastic Thoughts: All aggregators are doing funny things by rounding first then subtracting. This is a comment on Singiser, but it could be on any aggregator. In the Gallup Tracker likely voter subsample, Romney is up 1.2% (this link points to numbers which will change) If one must round […]
by Kenneth Thomas A look at tax havens by the Fortune 500 According to a new report today from Citizens for Tax Justice, the 285 members of the Fortune 500 that have parked money overseas would owe an estimated $433 billion in taxes if and when it is repatriated. No wonder these companies are working […]