Posted on January - 19 - 2012
It is a good rule to question every study on income inequality by asking, “Why those years?”
The latest version is from the Congressional Research Service (CRS), and the author concludes:
“Changes in income from capital gains and dividends were the single largest contributor to rising income inequality between 1996 and 2006. Changes in tax policy also made a significant contribution to the increase in income inequality, but even in the absence of tax policy changes income inequality would likely have increased.”
And about those years:
“The years 1996 and 2006 are examined for several reasons. First, both years were at approximately similar points of the business-cycle with moderate inflation (about 3%), a modest unemployment rate (about 5%), and moderate economic growth (3.7% in 1996 and 2.7% in 2006). Second, 2006 was the year before the August 2007 liquidity crunch and the onset of the severe 2007-2009 recession. Third, there were major tax policy changes between these two years. Fo
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Posted on January - 17 - 2012
The beginning of each year is a great time to evaluate the direction of your life and to ask yourself some very important questions. Often we get so busy just living life that we lose our perspective. It is important for each of us to take time once in a while to reassess how our lives are going. It is also important for all of us to reassess the direction that our nation is heading in every so often. The truth is that America has gotten badly off track. We have abandoned the principles which once made this country great, and this country is literally falling apart all around us. Hopefully the questions below will not just get you focused on our problems. Hopefully they will also spur you to think about solutions. Both individually and as a nation, we are in a lot of trouble. We need to start asking better questions and we need to rediscover the things that once made America the greatest nation on earth. If we are willing to humble ourselves and change course then there is hope for us. If not, then the road that we are currently on will only lead to national disaster.
The following are 112 questions to ask yourself in 2012….
#1 Are Barack Obama and Mitt Romney really the best that America can come up with?
#2 Right now the nations of the world are 55 trillion dollars in debt. How long will it be before this system of debt totally collapses?
#3 What things in life are you truly grateful for? Do you ever take time to thank those that have been so good to you?
#4 In 2012, when you add the maturing debt that the Italian government must roll over to their projected budget deficit, it comes to 23.1 percent of Italy’s GDP. How in the world is Italy going to be able to handle that in this economic environment?
#5 What do you feel like you are missing in life? Are you actively looking for those things?
#6 According to a survey conducted by the National Geographic Society, only 37 percent of all Americans between the ages of 18 and 24 can find Iraq on a map of the world. What does that say about our education system?
#7 Do you give more than you take? Would you rather serve people or be served?
#8 Why were gun sales in the United States at record levels as we entered 2012?
#9 What are you afraid of? Are those fears
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Posted on January - 14 - 2012
I will not be available to answer your questions again until Tuesday January 3, 2012.
Until then, I want to thank you for all your questions and for reading this blog. I am looking forward to providing you with answers to federal income tax questions during 2012.
Posted on January - 13 - 2012
Loans which have low-interest rates, few penalties and practically no fees attached are called cheap personal loans. Nowadays there are so many lenders. It is far easier to get this type of lending today. There are two things on which interest rate and quality of cheap personal loan depend. These things are borrower and lender.
Who Present Great Rates On Loan
Only high quality, famous lenders are ready to present great rates on loan. At the same time, they want to present such deals to applicants who have a clean credit rating and solid financial history.
Search Lending Options
Some creativity is required in researching lending options. You will have to think outside the box. It means that if you need a loan to pay off debt, you do not have to just look for personal debt lending.
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