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Tag Archives: taxes
The Tried-and-True Blueprint for Raising Taxes
The Tried-and-True Blueprint for Raising Taxes As the global economy slides into recession and the U.S. economy catches a cold, the blueprint for raising taxes will be dusted off in every state. The blueprint for raising taxes in the modern era was first established in 1913 when the federal government instituted permanent income taxes. Prior to […]
Paul Tudor Jones Warns This “Disastrous Market Mania” Will End “By Revolution, Taxes, Or War”
Paul Tudor Jones Warns This “Disastrous Market Mania” Will End “By Revolution, Taxes, Or War” “This gap between the 1% and the rest of America, and between the US and the rest of the world, cannot and will not persist,” warns renowned trader Paul Tudor Jones during his recent TED Talks speech, as he addressed the question […]
Greece Proposes To Become A Tax-Collecting Police State: Will “Wire” Tourists And Unleash Them As “Tax Inspectors”
Greece Proposes To Become A Tax-Collecting Police State: Will “Wire” Tourists And Unleash Them As “Tax Inspectors” There were three notable items in the follow up, 11-page letter sent by Yanis Varoufakis earlier today to the Eurogroup, and its president “Jeroen.” But first, by way of background, here is what happened as recapped by Reuters. Earlier […]
Taxes and corruption
Taxes and corruption It seems that the rumbling story about HSBC’s Swiss branch has achieved what political pollsters know as “cut through” – meaning that it’s of interest to voters as well as to those reporters who are sentenced to watch Prime Minister’s Questions each week. The story reminded me of a passage in Wolfgang […]
States Consider Increasing Taxes for the Poor and Cutting Them for the Affluent
States Consider Increasing Taxes for the Poor and Cutting Them for the Affluent A number of Republican-led states are considering tax changes that in many cases would have the effect of cutting taxes on the rich and raising them on the poor. Conservatives are known for hating taxes but particularly hate income taxes, which they […]
HSBC bank ‘helped clients dodge millions in tax’
HSBC bank ‘helped clients dodge millions in tax’ Banking giant HSBC helped wealthy clients across the world evade billions of pounds worth of tax, the BBC has learned. Panorama has seen accounts from 100,000 clients in more than 200 countries, leaked by a whistleblower in 2007. The documents include details of almost 7,000 clients based […]
Greece Gambles On “Catastrophic Armageddon” For Europe, Warns It “Only Has Weeks Of Cash Left”
Greece Gambles On “Catastrophic Armageddon” For Europe, Warns It “Only Has Weeks Of Cash Left” One of the bigger problems facing the new, upstart Greek government, which has set before itself the lofty goal of overturning 6 years of oppressive European policies and countless generations of Greek cronyism, corruption and tax-evasion is not so much […]
Study Finds Local Taxes Hit Lower Wage Earners Harder
Study Finds Local Taxes Hit Lower Wage Earners Harder When it comes to the taxes closest to home, the less you earn, the harder you’re hit. That is the conclusion of an analysis by the Institute on Taxation and Economic Policy that evaluates the local tax burden in every state, from Washington, labeled the most regressive, to […]
ekathimerini.com | No more lies
ekathimerini.com | No more lies. We have become accustomed to cynicism and lies that we have are immune to anything that is said. Various people come up with comments like: “Come on, SYRIZA is all talk, it won’t actually carry out what it says; I’m certain of it. It will do an about-face.” This position […]
Paying down the debt is now almost mathematically impossible
Paying down the debt is now almost mathematically impossible. Exactly 199 years ago, in 1815, a “temporary” committee was established in the US Senate called the Committee on Finance and Uniform National Currency. It was set up to address economic issues and the debt accrued by the US government after the War of 1812. Of […]
Leaked document: Ukraine’s government to eliminate… everything.
Leaked document: Ukraine’s government to eliminate… everything.. As the holiday season approaches you might have mistletoe on your mind for cheery, romantic reasons. What you might not have known however is that the festive flora and its relatives are all actually parasites. Unable to photosynthesize to feed itself, mistletoe latches on to a host plant […]
Why I’m Giving Up My Passport – NYTimes.com
Why I’m Giving Up My Passport – NYTimes.com. LONDON — THE mayor of London, Boris Johnson, who was born in New York and holds both American and British passports, recently said that hewould not pay a tax bill from the United States on capital gains from the sale of his home in the London borough of Islington. […]
oftwominds-Charles Hugh Smith: Do We Own Our Stuff, or Does Our Stuff Own Us?
oftwominds-Charles Hugh Smith: Do We Own Our Stuff, or Does Our Stuff Own Us?. The frenzied acquisition of more stuff is supposed to be an unalloyed good: good for “growth,” good for the consumer who presumably benefits from more stuff and good for governments collecting taxes on the purchase of all the stuff. But the frenzy […]
WARNING: new international gang of thieves make the IS and Somali pirates look like amateurs
WARNING: new international gang of thieves make the IS and Somali pirates look like amateurs. When the two young petty thieves, Rinconete and Cortadillo, came to Seville they were quickly censured for stealing. To their surprise, it wasn’t for the theft itself, but instead because they were not registered with the local thieves’ guild. In […]
And Then There’s The Things You Couldn’t Even Make Up – The Automatic Earth
And Then There’s The Things You Couldn’t Even Make Up – The Automatic Earth. There are things in this world which simply look plain stupid, and then there are those that at closer examination prove to be way beyond stupid. How about this one: 1) G20 taxpayers (you, me) subsidize the fossil fuel industry. That […]
