New Regulations May Make It Difficult to Avoid the ‘Death Tax’
In the United States, estate tax is levied on estates with a value of more than $5.45 million per individual, or $10.86 per married couple. Estates that exceed that value are subject to taxation up to 40%. But More...
NY DA Cyrus Vance, Rep Carolyn Maloney call for action against ‘anonymously-owned’ companies linked to terrorists, other criminals
Law enforcement figures including New York District Attorney Cyrus Vance, former President of the FBI Agents Association Konrad Motyka and New York Attorney General Eric T. Schneiderman today joined Representative More...
Taxpayers pay $163 billion in interest to Apple, Cisco, Google, Microsoft in offshore accounts
United States taxpayers make large interest payments to the top four technology firms for the $163 billion in US government debt the companies own and shelter in tax-free offshore accounts. photo by photoSteve101 More...
US loses over $10 billion on sell off of remaining GM stock
U.S. taxpayers no longer own any of automaker General Motors as the Treasury sold the last of its remaining 31.1 million GM shares Monday, incurring a massive loss for taxpayers. The taxpayer loss on the GM bailout More...
China to US: don’t default on Treasury Bonds, it’s important for the global economy
The US government shutdown rolls on and Monday the Chinese authorities spoke out, saying the “clock is ticking,” referring to the October 17 deadline to increase the nation’s debt limit or risk default. donkeyhotey More...
Treasury warning on debt ceiling: Congress has a lot of work to do, money will run out mid-October
Treasury Secretary Jack Lew said Congress isn’t working fast enough to extend the debt limit and the consequences of inaction are dire. photo by photoSteve101 via Flickr “If you look at the calm out there, which More...
European Central Bank approves unlimited bond purchases, UK stocks rise in response
U.K. stocks surged the most in month after European Central Bank President Mario Draghi said policymakers agreed to an unlimited bond-purchase program to help regain control of interest rates in the euro area. photo/Luis More...
Ben Bernanke says Fed can do more, setting up another stimulus
Chairman Ben Bernanke made clear Friday that the Federal Reserve will do more to boost the economy because of high U.S. unemployment and an economic recovery that remains “far from satisfactory.” He More...
