by Linda Beale Still haven’t filed your FBAR? Don’t wait till you get hit with forfeiture like this Alaska Plastic Surgeon It looks like the leads from the various voluntary disclosures are beginning to pay off, as the U.S. is beginning to develop high stakes cases related to Americans who have tried to maintain secret […]
by Linda Beale More on Greg Mankiw’s weak arguments for the Bain capital gains preference A few days ago, I commented on the weak arguments Greg Mankiw had put forth in his op-ed to support the preferential treatment of compensation for private equity and real estate partnership “profits” partners. He points out the categorization problem–that […]
George Lakoff offers a clear opinion on an important aspect of how people learn from election and media presentations. There are a lot of examples of reporting and the concept is clear enough. However, it is an entirely different proposition when applied to real life in posts or comments…for instance, how posts are written, for what audience, […]
Lifted from comments from Linda Beale’s post Graphs Show It Clearly–the richest are much richer and most of us are poorer discussing the main points and data from David Cay Johnston’s Reuters article The richest get richer is Bruce Webb’s thinking on how the American market system was designed over time:Defenders of Goldman who base […]
Well if so (something I’m not asserting), it’s a Republican spending problem: Economist’s View: Per Capita Government Spending by President. Cross-posted at Asymptosis.
by Tom aka Rusty Rustbelt Health Care Thoughts: Another Major Event On the 23rd the Obama administration will publish the administrative regulations for Medicaid expansion. http://www.medicaid.gov/Federal-Policy-Guidance/Downloads/REG-03-16-12.pdf As reported by Modern Healthcare, eligibility will be simplified to an income test as a percentage of the federal poverty level. This may expand Medicaid by as many as […]
Jonathan Haidt reports an interesting experimental result: Two three-year-olds walk up to a marble-delivery machine that has two bins. Each stands in front of one bin. Three scenarios: 1. One bin has three marbles in it, the other has one: the winner is unlikely to share to equalize the takings. 2. There are two ropes […]
by Linda Beale Graphs Show It Clearly–the richest are much richer and most of us are poorer David Cay Johnston has employed a couple of key graphic images that tell a significant story about the way that US laws have favored the rich–including tax administrative procedures that have reduced real audits of the rich and […]
by Rebecca Wilder Does the US Corporate Saving Rate Portend a Lower Unemployment Rate? An interesting thing happened in Q4 2011: the corporate saving rate declined following two quarters of gains. Nominal net saving by the domestic business sector fell 3%, while nominal gross fixed investment and inventories surged 6% – the two pushed the […]