irs (3)


Sunday Reading

  • What BMW’s China sales say about their economy.  “Xubao” or false reporting; who knew!  Quartz
  • Pay your bills or we take your cat (seriously)  TheMoscowTimes
  • A $1.65 billion buyout, 300 hours of video uploaded every minute,  300 million hours streaming per day, a “farm” of sorts where prominent studios are paying huge sums to acquire companies that bundle together YouTube channels,  an ever-expanding ad platform, a new premium service (Music Key) and a new marketing strategy aimed at turning YouTube starts into, well true stars.  Aand imagine; YouTube is still an experiment. NYTimes
  • Why the middle class isn’t as well off as some would have you believe.  According to IRS data, 99% of American households make less than $388,000 a year, and 95% make less than $167,000 a year. The true middle in terms of income — that is, the cutoff to be in the top 50 percent of earners — is roughly $35,000 a year. Salon (and those middle class jobs are disappearing to automation and outsourcing overseas

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1290301?profile=RESIZE_320x320Of course!  Where would we be without that Capital Gains write off or the one for your new yacht (business purposes don't ya' know) and even that childcare credit come April 15th each year?  Corporate tax breaks, deductions for solar panel and other energy efficient installations, the list goes on and on..........all tax "incentives" to encourage money flow, business growth and spending...right?

In fact America loves it's tax breaks, especially the very rich who are able to benefit from the majority.  It's gone even so far as rewardinglarge corporations with tax breaks to even do business in the U.S.  As an example, Starbucks receives a tax break for roasting their coffee beans here.  Seriously?  Wait a minute.  That's part of  "manufacturing", isn't it?  We may as well give U.S. Steel a break for having it's own smelter (please don't suggest that one - they'll probably lobby for it!)  

Well that what they basically consider an "expenditure" the same as when the government issues a "

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