Despite overwhelming support among lawmakers and activists, Republican Gov. Jan Brewer vetoed legislation that would have made Arizona the second state to officially define gold and silver as legal tender. The GOP governor acknowledged that concerns over the increasingly unstable U.S. dollar were justified. However, citing a minuscule projected drop in tax revenue and...
Tax
Difference in Rate of Unemployment: Government Sector- 4.2% & Private Sector-8.6%
It has been observed through researches that there is a great difference between the rate of unemployment in the government sector and that in the private sector. About 4.2% of the workers in the government sector are found to be unemployed. On the other hand the rate is about 8.6% in the private sector....
Where Does Your Tax Dollar Go?
In 2012, Washington collected $2.4 trillion in taxes, more than $20,000 for every American household…and spent $3.5 trillion… Source: http://www.zerohedge.com/news/2013-04-15/where-does-your-tax-dollar-go
Monthly Income Drops to Lowest of 20 Years
In the month of January this year, the overall income of the Americans experienced a sudden downfall. The fall was so extreme and instant that it reached the lowest of the last 20 years. Personal income decreased by $505.5 billion in January. The fall when compared with that in the month of December last...
Cyprus “Tax” On Savers Above €500,000 to Raise to 15%
Cyprus will put forward a new proposal on Monday under which a tax-free threshold or a lower tax rate for smaller depositors could be introduced, media reports said on Monday, in a move aimed at easing the pain of a bailout agreement which will impose an unprecedented tax on savers. Banks in the country...
Disastrous Financial Transaction Tax Gains Traction
5 Reasons the World Is Catching on to the Financial Transaction Tax … It has been more than 70 years since John Maynard Keynes wrote about the value of a financial transaction tax in “mitigating the predominance of speculation over enterprise in the United States.” A financial transaction tax works by levying a miniscule...
A Taxpayer Revolt Against Bank Bailouts In the Eurozone
Bank bailouts in the Eurozone, like bank bailouts elsewhere, have made owners of otherwise worthless bank debt whole through a circuitous process where, in the end, taxpayers transferred their money to investors. Even in Greece, investors were coddled. Even Proton Bank that had siphoned off $1 billion in a scheme of fraud, embezzlement, and...
Two Insurance Questions
First question: Good afternoon. I’m an avid reader of your blog and want to thank you for the work that you’ve done. I’m reading through the 10-Ks of insurers to try and educate myself and wanted to see if you can provide some advice. I’m trying to find a guide/book that can help me...
Weekly Jobless Claims Could Be Huge for Markets
A job-seeker (top) hands his resume to Candice Perkins, a representatvie of Workforce1 during a ##Q##Work Search##Q## event aimed at older unemployed people in New York City. Weekly jobless claims will be more important than usual for markets Thursday, after an uneven series of claims reports this month and a surprisingly weak March employment...
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