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Five Reasons the US Economic Recovery May Fizzle in 2010
13 hours ago ago from GlobalEconStats
The performance of the US stock markets since the March lows this year has given many investors the false hope that the economic recovery has already begun and that things will return to normal soon. The benchmark S&P 500 is up about 28% YTD. However while the credit markets have loosened and US stocks have headed higher, the real economy is still struggling. As a result, the US economy may face further headwinds next year which will derail ...
Related contentDid Ayn Rand Predict The Current Government-caused Economic Meltdown?
10 hours ago ago from Finance
Every new act of government futility and stupidity carries with it a benevolent-sounding title. These include the Anti-Greed Act to redistribute income (sounds like Charlie Rangel's promises soak-the-rich tax bill) and the Equalization of Opportunity Act to prevent people from starting more than one business (to give other people a chance). My personal favorite, the Anti Dog-Eat-Dog Act, aims to restrict cut-throat competition between firms ...
Related contentWhat is the News For the Small Business?
7 hours ago ago from My Blog
As usual, there is both good and bad news for small businesses in the Chancellor's 2009 Pre-Budget Report. The first bad news is that VAT goes back up to 17.5% on January 1st. The only concession because of the date is that any business that is still open at midnight on New Year's Eve will be exempt from the change up to 6am, or until they close if it's before then. But everyone will be liable to cough up 17.5% of relevant income to HRMC ...
Related contentYear end is tax planning time.
21 hours ago ago from Train Me To Be a CEO
As we approach the end of the year, it is a great time to think about planning for the next year. However the best place to start that process is to get this years situation in order, and part of that is tax planning. Small business owners know that the inevitable result of making profit is you have to pay tax but you neither have to pay too much nor too early. Now one of the easiest tax strategies available to small business is to ...
Related contentTaxes – Itemized Deductions
1 day ago ago from Loving Home in Practice
My second gripe with the American tax system is the unfairness of itemized deductions. Some of the inherent unfairness in that system were addressed by the phase out of itemized deductions at $167,000 adjusted gross income. But that and other phase out periods created other injustices in the form of progressive, then regressive marginal tax rates at upper middle class income levels. What's wrong with a deduction on medical expenses, ...
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Daniel Altschuler: As Central America's Economies Struggle, Guatemala Digs in for a Tax Fight
14 hours ago ago from Huffington Post
The global economic decline has hit Central America hard. Unemployment has increased, remittances from emigrants have declined and governments face rising deficits and debt that jeopardize their ability to meet increased social demands. The story is similar in much of the world, but the situation is particularly precarious in these countries, because they are among the poorest nations in the Americas and have weak economic and social safety ...
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