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Tag Archives: taxes
Warren Buffett: “My friends and I have been coddled long enough by a billionaire-friendly Congress.”
The United States is in debt and running a deficit. Two parties frame the situation differently to define their solutions as correct and hide their subjectivity.
Democrats frame a deficit problem as “Spending more than we take in” – or if in a particularly taxing mood “Taking in less than we spend.” The logical solution is to raise taxes,… Read the rest
BBC discovers a Philip Morris study that found that the Czech Republic could save $147M through the early deaths of smokers.
The study arrived at that figure by subtraction:
cost to the state of $403M – ($1M in pension and other government services + $552M in cigarette taxes) = $147M savings. Welcome to flavor country.
Leaving aside moral… Read the rest
Warren Buffett wants us to stop coddling the super-rich. He argues for superlatively higher taxes on those with incomes greater than $1 million a year.
Since 1992, the I.R.S. has compiled data from the returns of the 400 Americans reporting the largest income. In 1992, the top 400 had aggregate taxable income of $16.9 billion and paid federal
… Read the rest
You may remember: $180B bailout of AIG. Now the Treasury is selling about 20% of their stake (leaving 77% remaining) at almost breakeven price of $29– and making $5.8B gross– it is probably going to have to wait a long, long time to sell the rest: the price is down to $28.80.
And they can afford to wait, perhaps,… Read the rest
That’s the title of the news article. Not: “here’s what happened.” It’s a recommendation.
A bunch of employees down at the NY Homes and Community Renewal Agency play the lottery regularly. This time, they win– and get to split $300M.
That might seem like a non-story, and after March 29 it should have died.… Read the rest