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
The inlaid walnut table in the corporate boardroom held 12 on either side and two or three at each end, and the execs were all perched, prepped to pounce, when I dragged in my 2001 budget - 1015 pages of spreadsheet and other sheet. As division CEO of a NYSE-listed publishing company with nearly a … Continue reading Trickle, trickle, fools we are, to trust the rich, now flush with cash, will share with us their bounty
Stagnant wages. Windfalls for the politically connected. A new tax plan primarily for the rich. Just 13 years have passed since the 2004 tax repatriation holiday, which created nearly no new jobs for American workers, but was instead used almost entirely by multinationals for stock dividends and buybacks. Many corporate execs and shareholders became instantly … Continue reading Lies about “repatriation” from the media and elites. Most of the targeted cash is already in U.S. banks.
While the study of tax returns may have meaning for individuals, it has far little information than the assets and liabilities of a business. I learned this in the process of buying and selling newspaper companies in the 80s and 90s. Donald Trump's holdings are vast, and they are so diversified that any analysis of … Continue reading Trump financials detail his vast business holdings; reducing value of studying individual tax returns
In the Middle Ages an average duke or earl's property was about 38,000 acres, and the "little people" grew the food and paid taxes to these aristocrats of yore, and the humble were called serfs and lived like dogs to support the castles for the very few. The present crony capitalism is different. Our aristocrats … Continue reading Trump card is the minimum wage. My bet: he just lost any chance of winning the Republican Presidential nomination