Full Press Release Preliminary tax collection data for the January-March quarter of 2012 show further growth in overall state tax collections, as well as for income and sales tax revenues, for the ninth consecutive quarter. However, the growth in tax collections has been softening in the last three quarters. We will provide a full report…
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California voters reject tobacco tax | Reuters
by Newswires • • 0 Comments
A California ballot measure that would have added a $1 tax to a pack of cigarettes was narrowly defeated in the state’s primary election Tuesday, an outcome observers attributed to a $47 million ad blitz by the tobacco industry. The measure was defeated 50.8 percent to 49.2 percent on a day of light voter turnout…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
That Which is Unsustainable Will Go Away: Medicare
by Charles Hugh Smith • • 0 Comments
Medicare is an example of an unsustainable system that will go away in the decade ahead.
Here are the sobering facts about the number of workers and those drawing Social Security, Medicare and Medicaid entitlements in the U.S. While the g…
Charles Hugh Smith
There Is No Shortcut, But All We Have Are Shortcuts
by Charles Hugh Smith • • 0 Comments
Cheating on the final exam to get an A doesn’t mean you mastered the subject. Yet cheating is all we have in America because sacrifice and adult trade-offs are too painful.
We all know there is no shortcut to anything worth having–mastery, securit…
Bears Chat, Best of the Forums, Must Read
IRS Reopens Offshore Amnesty Program For Cheats And Non-Cheats Alike
by Bears Chat at The Wall Street Examiner • • 0 Comments
Taxes|1/09/2012 @ 3:21PM |14 views
IRS Reopens Offshore Amnesty Program For Cheats And Non-Cheats Alike
In an effort to collect more in tax revenues from people hiding money in offshore accounts, the Internal Revenue Service announced today that it i…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
President Obama, Demopublican
by Charles Hugh Smith • • 0 Comments
President Obama’s signal accomplishments could easily have been signed into law by a moderate Republican.
The corporate Mainstream Media depends on ideological differences to generate “news” and advertising revenues, and the Status Quo depend…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Will "Tax the Rich" Solve Our Deficit/Spending Crisis?
by Charles Hugh Smith • • 0 Comments
If we look at tax revenues and income in a practical way, we find “tax the rich” will not close the widening $1.5 trillion gap between Federal revenues and spending.
Clearly, $1.5 trillion annual Federal deficits to fund the Status Quo–fully 10% …
Bears Chat, Best of the Forums, Must Read
Gingrich tax ‘plan’ starves government, feeds the wealthy, rests on flawed assumptions
by Bears Chat at The Wall Street Examiner • • 0 Comments
Gingrich tax ‘plan’ starves government, feeds the wealthy, rests on flawed assumptions
Angry Bear Blog|Dec. 14, 2011, 8:41 AM|55|1
by Linda Beale
In case you hadn’t heard about it, Gingrich would offer taxpayers a choice to pay tax under current polic…
Liquidity Trader, Professional Edition
September Federal Budget Shortfall Defecates On America
by Lee Adler • • 0 Comments
The real time Federal Income Tax Withholding data began to signal to us in early September that the economy was beginning to snap back from what appeared to be a collapse in August. Subsequent economic data has borne that out. This “recovery” of economic data has provided pundits with the ammo they need to go…
Bears Chat, Best of the Forums
Turns Out, Greed Isn’t Good After All
by Bears Chat at The Wall Street Examiner • • 0 Comments
So, it turns out that greed isn’t good after all – at least not for the vast majority of the American people. But this is a lesson that many U.S. opinion leaders still resist.
For the past three decades – since Ronald Reagan’s Republican l…
