The Tax Foundation announces "Tax Freedom Day" every year to mark the date on which the average U.S. taxpayer has earned enough income to pay in full all federal, state and local taxes owed. The date this year is today, Friday, April 24, 2015.
"Tax Freedom Day" is determined by taking the ratio of the estimated total tax burden imposed by governments at all levels ($4.8 trillion) to national income. Tha... (more)
Letters are apparently going out to some JPMoragnChase customers announcing that cash will be prohibited from being stored in the bank’s safety deposit boxes.
My mother has a SDB at a Chase branch with one of my siblings as co-signers. Last week they got a letter outlining a number of changes to the lease agreement, in
Just before the Songkran festival marking the Thai new year, I met 69-year-old Marc Faber in his museum-like home office in Chiang Mai, Thailand.
After a brief greeting, as I was about to walk around inside the architectural masterpiece filled with Communism and Maoist artifacts, Faber asked me to take off my shoes.
Since California Democratic Governor Jerry Brown imposed water restrictions on the state’s residents on April 1, people have suddenly become interested in what government officials have described as “one of the most
Gallup has released the full results of its first-quarter survey of health insurance. It concludes that the proportion of uninsured Americans has collapsed to the lowest level ever: 11.9 percent.
Only the people who have employer-based benefits can be said to be paying for their o... (more)
The very same people that caused the last economic crisis have created a 278 TRILLION dollar derivatives time bomb that could go off at any moment. When this absolutely colossal bubble does implode, we are going to be faced with the worst economic crash in the history of the United States. During the last financial crisis, our politicians promised us that they would make sure that “too big to fail” would never be a problem again. Instead, as you will see below, th... (more)
Suppose the scientific consensus on climate change is right. Let’s also stipulate, for the sake of argument, that the computer projections used by the United Nations and the US government are correct, and that economists are able to translate those data into meaningful projections about costs and benefits to people living in the future with climate change.
Despite what the public has been led to believe, the situation is not a crisis at all — and certainly not somethin... (more)
With the U.S. economic recovery being doubted by weaker economic data, and more and more market watchers expecting the Federal Reserve to make a move on rates at a later date, Kitco News speaks with Marc Faber, editor of the Gloom Boom & Doom Report, to find out what he has to say about it. "Given the dollar strength and that most recent economic statistics in... (more)
This past year I was on the academic job market, applying for faculty positions at a variety of colleges and universities. As a woman making a critical career move, I've been up to my eyeballs in cover letters, resumes, statistics about cost of living, state income taxes, health insurance, and, of course, salary information.
Chances are you've heard the statistic on numerous occasions, "women earn 77 cents for every dollar a man earns--for exactly the same work." I certainly heard... (more)
In 1990 I went to a Cato Institute conference in what was then still the Soviet Union. We were told to bring our own toilet paper, which was in fact useful advice. Now, after only 16 years of Chavista rule, Venezuela has demonstrated that "Socialism of the 21st Century" is pretty much like socialism in the 20th century. Fusion reports: ... (more)
