Comments on: Sunday Open Thread: Income Tax Edition

By: garment business daily

garment business daily — Fri, 19 Aug 2011 10:27:53 +0000

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By: Mike Rodriquez

Mike Rodriquez — Sun, 21 Feb 2010 23:42:58 +0000

The "Flat Tax" was supported by Steve Forbes in his run up to Presidential candidacy and was introduced secondly by Laffer's support of the "Moon Man" Jerry Brown in his run up for his Presidential candidacy.
Some claim[who?] the flat tax will increase tax revenues, by simplifying the tax code and removing the many loopholes currently exploit to pay less tax. The Russian Federation is a claimed case in point; the real revenues from its Personal Income Tax rose by 25.2% in the first year after the Federation introduced a flat tax, followed by a 24.6% increase in the second year, and a 15.2% increase in the third year. The Laffer curve predicts such an outcome, but attributes the primary reason for the greater revenue to higher levels of economic growth.
Source: Wikipedia

By: Btok

Btok — Sun, 07 Feb 2010 00:27:10 +0000

Earlier: Bonus Buster: Bank of America Execs Acted Out of Self-Interest, Greed, and Hubris

By: Jessica Pressler
Filed Under: drama queens, bank of america, ken lewis

Read more: Ken Lewis: If I’m Going Down, Hank Paulson and Ben Bernanke Are Coming Down With Me — Daily Intel http://nymag.com/daily/intel/2010/02/ken_lewis_al...

By: Btok

Btok — Sun, 07 Feb 2010 00:26:26 +0000

Ken Lewis: If I’m Going Down, Hank Paulson and Ben Bernanke Are Coming Down With Me
2/4/10 at 5:18 PM Comment 8Comment 8Comments
Photo: Getty Images
No WAY is Bank of America CEO Ken Lewis going to be the only one to answer for the acquisition of crappy Merrill Lynch and its crappy bonuses, "a person close to Lewis's defense team" (who may or may not be Ken Lewis himself) tells Charlie Gasparino today on the Daily Beast. NO WAY will he be a scapegoat, alone, for the people who twisted his arm to go through with the Merrill deal by telling him he would be fired if he didn't. "If this thing goes to trial you can expect both Paulson and Bernanke to be on the witness list." If he's going down, he's bringing them down, too. Bringing them down to Chinatown. Order in the court!
Ken Lewis' A-List Witness List [Daily Beast]

By: Syntax_Game

Syntax_Game — Thu, 28 Jan 2010 18:03:28 +0000

By: Shannon

Shannon — Tue, 26 Jan 2010 04:07:07 +0000

Ever notice that if you put the words "the" and "IRS" together it spells "theirs"?

By: dlmarsh

dlmarsh — Mon, 25 Jan 2010 20:17:28 +0000

That is true, Ronald Reagan had the Grace commission which found that out of taxes paid – 1/3 is never collected, 1/3 is wasted, and 1/3 goes to paying just towards the national debt and interest. None of tax money pays for any functioning of Govt.