Some readers, who are old enough to remember defined pension plans weren't just for unionized workers, may still think they are better off with IRAs and 401Ks, originally sold as tax-free until you retire. Advice from employers promised the new plan was better than a pension. You could put away as much as the equivalent … Continue reading Tax Time: that 401K / IRA may end up costing you more than just investing for Capital Gains
In Sweden the once "Jolly" Green Giant has been replaced with one sad, sad, sad mountain of trash after another, spewing toxic fumes and sporting hordes of furry creatures to thrive in garbage and decay. Nearby residents are fleeing, and those who can't, are taping up windows, hoping the fumes will not cause permanent illness … Continue reading Sweden’s “Circular Economy” has created mountains of trash in trip “Back to the Past”
While critics of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) bring up the $25 million for the John F. Kennedy Center for the Performing Arts, there is virtually no reporting of the $10.8 billion authorized for three African development banks. Funding for the Kennedy Center came with the stipulation it would help … Continue reading Coronavirus “rescue” bill sends $11 billion to develop Africa, instead of restoring huge cuts to programs for Americans
Talk about strange bill-fellows! HR 860 (Social Security 2100 Act) has gained the endorsement of former Republican Congressman Mark Meadows. A founder of the House Freedom Caucus in 2015, Meadows was just named White House Chief of Staff by President Donald Trump. This same House bill to modernize Social Security is co-sponsored by Democrat Congresswoman … Continue reading Tulsi Gabbard is the co-sponsor of a terrific Social Security bill also endorsed by Mark Meadows – Trump’s new Chief of Staff
What a guy! "Jeff" Bezos, the world's richest person, has been paid the same $81,840 salary from Amazon for two decades. Perhaps, because he needed extra cash last year to pay grocery bills, divorce lawyers and utilities, Bezos sold $1.8 billion of his Amazon stock, and kept about $1.44 billion after 20% federal capital gains … Continue reading Many of America’s biggest companies paid no federal income tax last year, or had credits under new corporate-friendly tax law
Big business in India has adopted the tactic of eliminating competition through onerous regulations. Many of us can remember the American corner grocery, local pharmacy, small bakery, tiny-herd dairy farm, one-person law or accountant firm. Tens of thousands of small companies have closed in recent decades, replaced by chains and their monopoly practices of poorer … Continue reading Big business in India benefits from taxes and regulations that are forcing small competitors out of business – sound familiar?
When you don't count Walmart, the largest employers in the world, are in China, not the United States. And the biggest firms in China are industrial and manufacturing companies, not a low-wage retailer China National Petroleum (1,636,532), China State Grid (913,546), Foxconn (803,126) and Sninopec (667,799) together employ 4,021,003 workers. Foxconn is well known in … Continue reading China’s companies win the race for producing employment giants, dwarfing American firms like GM, Apple or Exxon
It's tax season for the peons, but while you are wondering where your money is going, a few developers and bankers are chuckling. San Francisco Bay has been designated an official Opportunity Zone - containing areas where you can invest, make a fortune and pay no taxes - income or otherwise. The IRS describes the … Continue reading World’s 19th largest economy – San Francisco Bay – now qualifies for Opportunity Zone status, because its median income is “only” $117,000