A crow discovers snowboarding...
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Friday, 3 February 2012
Who's paying the taxes?
From Wall Street Journal:
U.S. companies are booking higher profits than ever. But the number crunchers in Washington are puzzling over a phenomenon that has just come into view: Corporate tax receipts as a share of profits are at their lowest level in at least 40 years.
Total corporate federal taxes paid fell to 12.1% of profits earned from activities within the U.S. in fiscal 2011, which ended Sept. 30, according to the Congressional Budget Office. That's the lowest level since at least 1972. And well below the 25.6% companies paid on average from 1987 to 2008.
LINK
And the fat cats keep wondering what all the excitement is about. Occupy this!
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U.S. companies are booking higher profits than ever. But the number crunchers in Washington are puzzling over a phenomenon that has just come into view: Corporate tax receipts as a share of profits are at their lowest level in at least 40 years.
Total corporate federal taxes paid fell to 12.1% of profits earned from activities within the U.S. in fiscal 2011, which ended Sept. 30, according to the Congressional Budget Office. That's the lowest level since at least 1972. And well below the 25.6% companies paid on average from 1987 to 2008.
LINK
And the fat cats keep wondering what all the excitement is about. Occupy this!
Click here to go to most recent posts.
Thursday, 2 February 2012
Hate Facebook? Let's try something else.
Join me at Zurker, a serious competitor to Facebook, and be an owner instead of a product.This social network is in Beta, but already makes FB look like a rat's nest. Earn shares in the company while doing what you normally would do on Facebook instead of making Zuckerberg and his minions ever richer.
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Flowers are blooming!
Being from Toronto, I am not at all used to seeing this in February...
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