Corporate Profits and Corporate Taxes
by Mike Kimel Corporate Profits and Corporate Taxes Based on a comment by reader Troy, the following graph from FRED, posted without comment: Figure 1
Health Care Thoughts: Employer PPACA Options, More Analysis
by Tom aka Rusty Rustbelt Health Care Thoughts: Employer PPACA Options, More Analysis One of the more suspenseful issues of PPACA (aka Obamacare) is the question of employer conduct in 2014 and after. Question is, will employers drop health insurance and punt workers into the state exchange system? Some new perspectives have been added […]
New York’s City Council passed a living wage ordinance
by Kenneth Thomas New York’s City Council passed a living wage ordinance On Monday, New York’s City Council passed a living wage ordinance, reports Good Jobs New York’s Bettina Damiani. The 45-5 vote means the Council can easily override a threatened veto by Mayor Michael Bloomberg (New York Post, May 1, via Nexis subscription service). […]
Taxes and Economic Growth: Real World & Simulations
by Mike Kimel Taxes and Economic Growth: Real World & Simulations Over the past few years, I’ve posted many times on an unpleasant reality: despite the fact that so many people believe otherwise, in general, lower taxes do not result in faster economic growth. It is really too bad, because we could all be better […]
Robbery at the Saving and Loan… a reminder
As I wait for the roofers to fix a leak in a flat part of the roof I pass along this comment and link: Lifted from comments at Naked Capitalism, reader Mary points us to some history: Martin Mayer C-Span link in full: The Greatest Ever Bank Robbery” 1990. Even as Wells Fargo bank remains […]
Open thread May 1, 2012
Whiny Apple Pioneered Avoidance Strategies, Books Fictional Tax Rates
by Kenneth Thomas Whiny Apple Pioneered Avoidance Strategies, Books Fictional Tax Rates If you haven’t yet seen The New York Times article on Apple, go read it. I’ll wait. It’s a blockbuster. As I wrote last month, Apple whines about the fact that it has to pay taxes. But of course, it does much more […]
Consumption inequality and income inequality
From the same post at Taxprofblog, a different study presents data and definitions on a related issue, but focused on income, which is a somewhat separate and overlapping conversation: Orazio Attanasio (University College London, Department of Economics), Erik Hurst (University of Chicago, Booth School of Business) & Luigi Pistaferri (Stanford University, Department of Economics), The Evolution of […]
Real Estate Insanity…working off the excess inventory?
by Tom aka Rusty Rustbelt Real Estate Insanity So my son and me are thinking about buying a intercoastal waterfront homes in Ohio and fixing it up this summer. He would live in half and we would rent the other side. Given the number of foreclosures this should be an easy deal, right? Wrong. The […]
Do the 1% Work Harder Than the 99%?
Taxprofblog offers two studies on income and leisure that should spark some discussion. I have split the two studies out to two posts at Angry Bear as they are somewhat different conversations: Income Inequality and Leisure Inequality: Do the 1% Work Harder Than the 99%? Wall Street Journal Wealth Report, Do the Wealthy Work Harder Than […]