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Tuesday, April 30, 2013
Internet and Sale Taxes Dialectic
Before you panic that your online purchases will be tagged with the added cost of state sales tax, rely on the complexity
of reporting sales to all the jurisdictions as your prime safeguard from forking over a percentage on every purchase. The
Senate bill, Summary: S.336 provides a succinct description of the requirements. For a comprehensive resource on all you want to know about Marketplace Fairness Act Information, check out the details. House Judiciary Chairman Bob Goodlatte in the article, Online sales tax bill may be dead on arrival in House, identifies concern that the practical difficulties remain with implementation. "I do not believe legislation like the
Marketplace Equity Act is sufficiently simplified yet. While it attempts to make tax collection simpler, it still has a long
way to go."
Read the entire article
Tuesday, April 23, 2013
Farm Supports and Social Welfare
The planting season is in full swing as is the transfer of subsidies to big agriculture and social welfare food stamps.
Which has more worth, paying the Monsanto and property tax bill or running a public assistance program that allows for the
buying of lottery tickets? Well, if you are Congress, both have benefit, but mostly for their political value. Why are food
stamps part of the Farm Bill? Nancy Marshall-Genzer makes a shrewd observation. Read the entire article
Tuesday, April 16, 2013
The Risk and Reward of Bitcoins
Money is supposed to be a store of value. After the recent collapse in the dollar convertible price of Bitcoins, the inevitable
scrutiny in the viability of the monetary system is warranted. The official description of Bitcoin states: Bitcoin is
an experimental, decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses
peer-to-peer technology to operate with no central authority managing transactions and issuing money carried out collectively
by the network. Purported myths and ground rules on how the alternative currency operates, provides calculated reading. Whether
this accounting system can or would be accepted as an credible medium of exchange on any large scale is certainly an open
question.
Read the entire article
Sunday, April 7, 2013
Obama Budget Proposes Cuts to Social Security and Medicare
As any honest observer of the dire fiscal nature of U.S. budgets would conclude, the driving section of deficit expenditures
are entitlements. The two areas, based upon predictable demographics, that scream out for rational and extensive surgery are
Social Security and Medicare. The Obama administration has a long record of gutting Medicare as part of the Obama care malady
that is transforming into a national plague as the detail regulations unfold. For a summary of reporting on the subject, review
the media accounts on the Kaiser Health News. One of such analysis, found in the New York Times item, Obama Budget to Include
Cuts to Programs in Hopes of Deal, identifies the smoke and mirrors modifications, designed to push the Medicare medical reimbursement
into insolvency. Read the entire article
Tuesday, April 2, 2013
Move Over IMF for the BRICS Development Bank
The International Monetary Fund is an extortion financier’s outfit for a gang of exploiter banksters. The colonists
of global mercantilism operate on extending credit with strings attached and assets targeted for attachment. Poor and underdeveloped
economies beg for roll over extensions of old debt in an endless circle of currency debasement and resource transfer. So why
anyone would get excited over a competing banking house, seems to escape implications within the news publications. Read the entire article
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