When we recently described the upcoming “Unprecedented monetary overhaul” which will come in the form of the Fed sending out digital dollars directly to “each American”, we explained that “absent a massive burst of inflation in the coming years which …
Yang is trying to repackage socialism into something more palatable for Americans. Idiots who want free handouts believe him. Pretty sad really! h/t JADR+
Can team Trump keep the economy going until after the 2020 election? Journalist and book author Charles Hugh Smith says, “I think you are pushing a little bit on a string to get a 10 year long expansion to stretch …
by chargePerSecond To get a sense of the trend as one increases in tax brackets, I took one common tax situation (married, filing jointly) and plotted federal income tax vs. adjusted gross income (AGI). I also plotted the effective …
By Robert Ross Chances are you’re overlooking an entire class of safe, high-yield stocks… These stocks have dividend yields averaging 5.7%. Yet very few retail investors own them. That’s a shame. It means you’re probably leaving a lot of (predictable) money on …
via @IvoValkenburg: https://itep.org/notadime/
https://www.youtube.com/watch?v=XvkFcKyb2xk The Federal Reserve, Federal Income Tax, the 17th Amendment, the Rockefeller Foundation, and the ADL… What do these have in common? The Year 1913. Find out why.
Naomi Jagoda from The Hill reports, The Treasury Department on Wednesday released a second set of guidance on the “opportunity zone” program created by President Trump’s tax law, the same day the White House held an event to tout the …
Under President TrumpOpens a New Window.’s new tax law, 60 of America’s biggest corporations paid $0 in federal taxesOpens a New Window. in 2018, despite earning billions of dollars in profits. AmazonOpens a New Window., NetflixOpens a New Window., General MotorsOpens a New Window., Chevron, …
For decades, profitable Fortune 500 companies have manipulated the tax system to avoid paying even a dime in tax on billions of dollars in U.S. profits. This ITEP report provides the first comprehensive look at how corporate tax changes under …
By Harry Dent Tax Day Monday. Have you filed yet? A tax professional friend of mine told me recently that he’s surprised every year to see how many people leave their tax filing to the last minute. Maybe they’re too …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter In some cities, you get what is considered a walk-in closet of a McMansion. It’s not totally fair to compare rents in Tulsa with rents in San Francisco because household incomes are different as well. One …
by Spencer P Morrison, NEE From The Siren of UBI: Robots aren’t taking our jobs. Andrew Yang thinks automation will result in mass unemployment, and therefore we need a UBI to soften the blow. Both the economic logic and evidence suggests otherwise. Begin with this …
https://www.youtube.com/watch?v=TLXGlpHFbxg via FT: Saudi Aramco has for the first time disclosed the financial performance it has kept secret for three-quarters of a century, revealing that the kingdom’s state oil company generated more profits last year than any other company in …
by WARREN MOSLER Income and spending both weakening: Income: Ratcheting down with each setback: Spending: Highlights Consumer spending in January wasn’t able to meet Econoday’s consensus, up only marginally at 0.1 percent even against the easy comparison of December which …
By Rodney Johnson I live 200 feet from open water, facing Clear Lake, Texas. It’s not a lake, it’s a bay off of Galveston Bay, and it’s definitely not clear. But other than that, the description is perfect. My downstairs …
via Mises Institute: In most countries, numerous government welfare programs provide benefits (often means-tested) to eligible recipients. Whether these payments arise from unemployment compensation, child tax credits, old age pensions, or a myriad of other programs, the outcome is the …
by traxtar3 Taking a data analytics course. Needed to compile and visually represent something from a very large data set. I compiled the obesity and diabetes and compared them to the median household income per county. This is just the …
by Brandon Turbeville Some well-informed Americans may be aware of China’s horrifying “Social Credit System” that was recently unveiled as a method of eradicating any dissent in the totalitarian state. Essentially freezing out anyone who does not conform to the …
by WARREN MOSLER Bad. All sectors decelerating and residential looking down year over year: U.S. auto sales tumbled 2.8 percent in February (Detroit News) Overall sales for the month tumbled 2.8 percent from the same month a year ago, …
via wbez.org: Maps courtesy of UIC Middle-income areas, pictured above in light yellow, made up half the city in 1970. Today, Chicago neighborhoods tend to be, on average, either low income (orange) or high income (blue). Chicago’s middle class, once …
by Spencer P Morrison, NEE Please subscribe on my new YouTube channel. Don’t forget to support me on Patreon & follow me on Twitter. This channel & website are reader-funded. From The California Paradox: High taxes, oppressive regulations, and socialism undoubtedly hurt California’s economy, but they …
via MarketWatch: The Tax Policy Center estimates how many people paid no federal individual income taxes in 2018 Tax-filing season has begun. Americans have until April 15 to file their income taxes. There’s been some good news for workers over …
by Frank Holmes, CEO, U.S. Global Investors Hungary has a problem. Like many Eastern European and former Soviet countries, its population is shrinking thanks to a plunging birthrate and outmigration as young workers seek better opportunities and fatter salaries elsewhere …
After months of planning, Stockton is sending debit cards loaded with $500 to a select group of residents starting Friday as part of a closely watched experiment in universal basic income, the first led by a U.S. city. Stockton, once dubbed …
By Robert Ross The Wall Street Journal called it “the largest corporate cash disbursement in history.” It was 2004, and Microsoft was one of the biggest companies on the planet. Besides, they had a great year. So great that the company …
Gov. Andrew Cuomo announced Monday that state income tax revenues plummeted by $2.3 billion since he introduced his new budget plan last month— a bombshell that will force him to curb spending. Cuomo attributed the revenue drop in December and January …
by chartr Made this in response to the (mostly positive) feedback on the supermarket margin chart. A few people requested doing one on a higher margin, slightly more interesting company. Apple reported results yesterday evening so I thought this might …
by hammertime84 Marginal tax rates and potential confusion around them have been in the news a bit lately. I’d never actually seen the effective rate and marginal rate plotted together this way and it worked out well. I used the …
