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Tax Valuations: Why the IRS Should Hire James Glassman

…of taxpayers. And if you think these experts for the taxpayer are smart enough to point out that value-to-profits (or price-earnings ratios) must be lower than the value-to-cash flow ratio,…

How did Lehman manage that ?

…depends on par value minus settlement value. A huge amount of Lehman insurance of Lehman is not very useful to someone who wants to hedge, but it is very useful…

Medicare and "present value"

…by 2.3 percent each year. … to make taxes and benefits comparable, I convert each to present value terms, assuming a real interest rate of 3 percent. This means that…