Posts filed under “Taxes and Policy”
From National Journal:
Money is important, but it isn’t everything. The Organization for Economic Cooperation and Development created the Your Better Life Index to compare the quality of life as well as economic prowess of its 34 member countries. The index measures each country using 11 different lines, including income, employment, health, education, environmental quality, and its citizens’ opinions about life satisfaction, work-life balance, and a sense of community. Because people have different priorities, the OECD index allows them to rank countries according to their own values. The United States remains at the top for income and wealth, but it lags behind as a place to live a long and happy life.
Source: National Journal
Source: Office of Debt Management, Fiscal Year 2013 Q4 Report The recent chaos in emerging markets has driven investors into U.S. Treasuries. The flight to safety has helped push down interest rates, with the yield on the 10-year bond now 2.6 percent. Although that is higher than the 1.5 percent of last summer, it…Read More
By now, you must have heard about Tom Perkins’ letter to the Wall Street Journal (Progressive Kristallnacht Coming?), where he made a foolish comparison to the “parallels of fascist Nazi Germany to its war on its ‘one percent,’ namely its Jews, to the progressive war on the American one percent, namely the ‘rich.’ ” The…Read More
Click for an interactive calculator. Source: Wealthometer Income inequality has been all over the news this year. Political fights about raising the minimum wage are in the near future. A related, but just as fascinating, issue is how wealth is distributed. Click through on the calculator above, and you can see where your families…Read More
Here is the latest scam: A call comes in from 415-230-2734 — this is “Internal Revenue” calling. Not IRS, or the full name. San Francisco proper calling NY? No way. I return the call, get someone with an Indian accent. Do it again 3X, getting a different person with an Indian accent each time.They always…Read More
From Bloomberg: South Dakota legislators have loosened the state’s laws to encourage wealthy out-of-staters to set up trusts there, often for tax reasons. The families needn’t move to the state or even invest there. In the past four years, the amount of money administered by South Dakota trust companies has tripled to $121 billion, almost…Read More
Category: Taxes and Policy
Half of all trade and one third of all wealth pass through tax havens. They enabled Enron, Bernie Madoff and the Greek Debt Crisis:
Source: Public Integrity
What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
It seems that welfare queens are back in the news these days. The old stereotype was an inner-city unwed mother — that’s dog-whistle-speak for black — having multiple babies to get ever bigger welfare checks (throw in a new Cadillac and the myth is complete). Regardless, welfare reform of the 1990s ended that narrative. No,…Read More