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Tag Archives: tax

  • Insider

    The Trade Deal Has Collapsed

    The main support propping up the markets suddenly looks very shaky
    by Chris Martenson

    Wednesday, May 8, 2019, 9:01 AM

    30

    Count me as surprised, but it seems like the China trade deal is collapsing.  Surprised because both sides, China and the US, have much to lose in this battle.

    While there’s certainly some temporary local benefit to various pockets and sectors of the economy, the fact remains that the world economy is still exhibiting signs of slowing down and anything that puts additional weight on the economy right now could be the stone that sinks the barge.

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  • Insider
    The Library of Congress | flickr Creative Commons

    Rise a Pauper

    Wealth confiscation is the next stage of the game
    by Chris Martenson

    Tuesday, April 2, 2013, 12:46 AM

    26

    Because of exceptionally poor decision making on the part of Cyprus leadership both before and during the recent crisis, Cyprus is now consigned to a very dark future of economic depression and failure.

    Whatever the jabbering from the Troika, a precedent has now been set.

    The one genie that cannot be placed back into its bottle is the notion that bank depositor accounts are now fair game.  The larger lesson here is that a wealth tax is now one of the solutions on the table for various government authorities across the EU, US, and other developed nations.

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  • Insider
    © Stephen Martin | Dreamstime.com

    The Middle-Class Survival Guide

    Learn how to fight back
    by charleshughsmith

    Thursday, July 12, 2012, 12:31 AM

    29

    Executive Summary

    • Recognize the signs of serfdom
    • Calculate your income's vulnerability to the system
    • Don't count on high inflation to inflate away your debt obligations
    • 10 strategies you can start implementing right now to defend against the forces trying to sap your quality of life

    If you have not yet read Part I: Middle Class? Here's What's Destroying Your Future, available free to all readers, please click here to read it first.

    In Part I, we surveyed the key dynamics that have eroded middle-class wealth and income over the past 30 years.  Some of these were conventional (higher energy costs) and some were unconventional/politically unacceptable (financialization; neofeudalism).

    Regardless of what you identify as the primary cause, that the middle class (and labor in general) has lost ground since the early 1980s is undeniable, as is the ultimate failure of debt-dependent “growth.”

    What can we do about it? It seems to me there are two responses:

    1. Avoid becoming a serf in the new financialized feudalism
    2. Avoid becoming dependent on the Status Quo and avoid collaborating/supporting those elements of the Status Quo that subsidize and protect the parasitic, inefficient, and unproductive sectors of the economy.

    Getting Real About Serfdom

    I am going to cut to the chase here, and I expect many of you to disagree. Debt is serfdom, period.

    I often illustrate this point by asking two simple questions…

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  • Blog

    Year-End Tax Steps to Consider

    by Anthony South

    Monday, December 19, 2011, 11:06 PM

    0

    As the end of the calendar year approaches, we’ve asked our accountant to share his perspective on year-end tax steps that CM.com readers should consider. He’ has graciously accepted; though wants us to make it crystal clear this article is for educational purposes only. It is not actual tax advice — which of course must be based on your own specific circumstances. Any action you may decide to take on these topics should be done, if possible, in careful consideration and collaboration with an accounting professional you trust.

    In this post, I’ll provide a few checklists of year-end activities to help you:

    • be aware of the range of deductions/tax breaks you’re legally entitled to
    • avoid some common risks most taxpayers don’t realize they’re exposed to
    • learn some useful tips if you own your own business or own alternative investments

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  • Blog

    Daily Digest 3/30 – The Cancerous U.S. Dollar, State Budgets Show More Cuts, Vacant Homes Reach Record Number

    by saxplayer00o1

    Wednesday, March 30, 2011, 2:40 PM

    0
    • The U.S. Dollar Has Cancer
    • Portugal to Revise Figures in 2010 Budget
    • Bloomberg: State Budget Means More NYC Cuts
    • U.S. Property Taxes Fall by Most Since Housing Market Crash
    • Vacant Homes In South Florida Nearly Double Over Past 10 Years
    • Nevada’s Boom Ends In Record Number Of Empty Homes
    • In Sacramento, Lots of Empty Homes
    • Brazil’s Lula to Portugal: Don’t Take Bailout
    • Japan Tax Increase Unavoidable After Quake-Given Debt Load, Lawmakers Say
    • Madera County Zeroes In On Fiscal Emergency
    • Ireland Draws Down Over 20% Of Bailout In Q1
    • Gas Prices Fuel Big Rise In Spending
    • Food Prices Rising, Few Items Immune

    Get started building resilience into your life with our ‘What Should I Do?’ guide

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  • Blog

    Daily Digest – September 9

    by Davos

    Wednesday, September 9, 2009, 3:09 PM

    0
    • UN Wants New Global Currency to Replace Dollar
    • Crack Dealer to Crack Addict: It’s Human Nature, I’m Just THE Enabler (Video on page)
    • Soros & Ron Paul: Collapse (Video, H/T TheComingDepression)
    • China, Bernanke, and the price of gold (H/T SaxPlayer00o1)
    • Swiss topple U.S. as most competitive economy: WEF
    • WEF ranks US among most economically unstable nations (H/T SaxPlayer00o1)
    • Getting better all the time!
    • Keiser on GS (Video)
    • Bullish on Gold (H/T Tonguefu)
    • 80% Tax Hike Needed to pay off debt (Video, H/T TheComingDepression)

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  • Blog

    Daily Digest – August 14

    by Davos

    Friday, August 14, 2009, 3:06 PM

    0
    • Elizabeth Warren "We Have A Real Problem Coming" (Video on page)
    • 4 Trillion Dollar Tax Outlay (Chart)
    • Report: Record Number of California Foreclosures Scheduled For Sale
    • Max Keiser on Unemployment (Video)
    • A Game Better Not Played
    • Monthly Chinese Purchases of US Treasuries (Chart)
    • Jobless Claims Rise "Unexpectedly" to 558,000
    • Jim the Realtor (Video)
    • Distressed now 63% of all sales (Chart)

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  • Blog

    Daily Digest – July 20

    by Davos

    Monday, July 20, 2009, 3:07 PM

    0
    • BIS, The Central Bank of all Central Bankers: The Central Bank WAS Warned in 2003 (Repost)
    • What Should a Central Bank Do When (Chart)
    • Happiness Isn’t …
    • Holders of Treasuries (Chart)
    • Philly Fed Index Dissapoints (Chart)
    • Whalen on Banking (Video)
    • U.S. bank “earnings”: revenues falling, losses rising
    • California closes state offices to save cash
    • The Usual Suspects (Humor)
    • State Tax (Chart on page)

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  • Blog

    Daily Digest – July 17

    by Davos

    Friday, July 17, 2009, 3:00 PM

    0
    • Ratigan and Riholtz Discuss Goldman (Video)
    • The Chinese Equity Bubble: Ready to Burst
    • Social Security spends $700,000 on Phoenix conference
    • NYC: 57% Tax for Top Earners
    • California tax officials: Legal pot would rake in $1.4B
    • Foreclosures rise 15 percent in first half of 2009
    • Poor in Colorado may get free phones
    • Cash-poor Connecticut may sell land, buildings
    • Hedge Fund Buys 5 Billion in Gold Bullion
    • What’s the Real CPI?

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  • Blog

    Daily Digest – June 18

    by Davos

    Thursday, June 18, 2009, 3:15 PM

    0
    • Introduction to “Broke: The New American Film" (Video, Repost)
    • Greater Depression Coming: Doug Casey
    • Peter Schiff on the Rule of Law…
    • Japanese and Russians Playing Games with Bonds and Reserve Currencies
    • Mall Space
    • Is 2009 tracking a 1930 Great Depression scenario?
    • De-Dollarization – Dismantling America’s Financial-Military Empire – Michael Hudson – financial economist and historian (H/T Fujisan)
    • Lloyds Bank hit by Obama tax purge
    • One by one, cities collapsing (Video)
    • Dealers facing tight supply of SUVs, trucks

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