Tag Archives: Tax

Chicago Levies PlayStation Tax To Pay For Bankrupt Municipal Pension System And Massive Deficits – Confounded Interest

Chicago IL (should be ILL) is the poster child for an insane pension program (mostly to municipal workers and public school teachers). But not only in the city of Chicago, but the state of ILLinois as well. Consider that the unfunded liability in the state’s combined retirement systems has risen in 11 of the state’s past 12 years—despite a roaring ...

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Tax Fraud By The Numbers: The Trump Timeline

Trump has been accused of multiple tax frauds, especially by the New York Times, but was he really committing tax fraud? Here’s an in-depth look… by Kenneth Boyd of CPA Accounting Institute for Success It’s no secret that tax law in the United States is extremely confusing. Even the length of the official tax code is subject to wild speculation; ...

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Stewart Thomson: Gold – A Tax Loss Season Or A Bull Era?

Stewart suggests investors should be positioning themselves for the rocket ride of a lifetime. Here’s why… by Stewart Thomson of Graceland Updates The next Fed meet (and rate hike) is December 19, and just weeks after that, US president Donald “The Golden Trumpster” Trump may be set to unleash a new round of inflationary and growth-crushing tariffs. It’s not easy ...

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The Politics Of Debt-Serfs And Tax Donkeys: Our Only Choice Is The Least Bad Option

The reality is there is no avenue left for advocacy, grievances or redress in a system dominated by global corporations and self-serving political insiders… by Charles Hugh Smith via Of Two Minds The reality is there is no avenue left for advocacy, grievances or redress in a system dominated by global corporations and self-serving political insiders. What’s striking about the ...

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Trump’s Tax Cut Was Supposed to Change Corporate Behavior. Here’s What Happened.

The $1.5 trillion tax overhaul that President Trump signed into law late last year has already given the American economy a jolt, at least temporarily. It has fattened the paychecks of most American workers, padded the profits of large corporations and sped economic growth. Those results weren’t a surprise. Economists across the ideological spectrum predicted the new law would fuel ...

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Companies Pay Down Debt With Cash Freed Up By New Tax Law

U.S. companies are using the cash freed up by the new U.S. tax law to increase debt repayments while continuing to return money to shareholders, according to a new report by Moody’s Investors Service Inc. Debt payments accounted for 14% of the $700 billion in cash outflows among a sample of 100 nonfinancial companies as of Sept. 7, according to ...

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