“Kabuki is a form of classical theater in Japan known for its elaborate costumes and dynamic acting. Phrases such as Kabuki theater, kabuki dance, or kabuki play are sometimes used in political discourse to describe an event characterized more by showmanship than by content.” Maybe I am wrong in calling it such. The style of play occurring between the two companies […]
Normally, a sentence that begins “Donald Trump says . . . “ is not worth finishing, and that’s how a recent blog post over at jabberwocking.com begins. But finish it I did, and it turns out that DJT says he wants to eliminate all federal income taxes on Social Security. Currently, if SS is your […]
I like Bernie Sanders for many reasons, but this isn’t one of them: “As a result of those challenges, Sanders wants to see more Democrats vocally get behind measures like . . . removing the cap on Social Security taxation so the wealthy pay a full share of their income into the program.” This is […]
Everybody knows that California is a “high-tax” state, right? Well, yes and no. Depends on where you are on the food chain. If your household is the top 1%, then California tax rates are 2nd highest, while Texas and Florida are 43rd and 50th, respectively. OTOH, if your household income is in the second quintile […]
A properly or funded IRS is reaching out to various high-income constituents to collect back taxes. It appears their efforts are paying off in increasing tax collections, Compliance efforts continue involving high-wealth groups, corporations, partnerships. IRS July 11, 2024 WASHINGTON — Continuing compliance efforts under the Inflation Reduction Act by the Internal Revenue Service is […]
A follow-up to the much longer report on Insulin (test on this later) and how PBMs impact pricing on other drugs. “Insulin A Drug Pricing Analysis,” Angry Bear. “Drug manufacturers alone set and raise drug prices, and PBMs are holding drug companies accountable by negotiating the lowest possible cost for drugs, including insulins, on behalf […]
Who gets the money? Follow the assets. by Steve Roth Originally Published at Wealth Economics This post by Judd Legum at Popular Information (read and subscribe!) prompts me to revisit the issue of share buybacks. This passage in particular: It seems eye-popping. But is it? Even (especially?) finance and econ types don’t really understand buybacks from a […]
Walmart Fined $1.64 Million by NJ for Unlawful Pricing Practices, New Jersey Digest New Jersey has fined Walmart Inc. $1.64 million for repeated violations of state pricing laws. The penalty follows an investigation that revealed Walmart’s pricing discrepancies made comparison shopping difficult for customers. New Jersey’s Division of Consumer Affairs found that Walmart frequently displayed […]
What Chief Justice Roberts is saying is the justices know more than the scientists and engineers know. This was done in a decision which the agency experts immediately criticized. The issue being potentially undermining decisions by scientists and the very same agency experts. The 6-3 and 6-2 decisions brought by fishing operators in New Jersey and Rhode […]
After Decades of Costly, Regressive, and Ineffective Tax Cuts, a New Course Is Needed, Center on Budget and Policy Priorities Part 2 Steps to Creating a Better Tax System (a given) Instead of doubling down on the flawed trickle-down path of the Bush and Trump tax cuts, there are opportunities to work toward a tax […]