Category: recession


Could S Corp Owners Be A Tax Target? – Forbes.com – Mozilla Firefox

Filed Under: economy, leftists, recession by genomega — Leave a comment
January 15, 2010

A report released Thursday by Congress‘ Government Accountability Office shows why owners of the nation’s four million S corporations might be a tempting target for politicians hunting for more revenue.

The report features new estimates of S corp finagling–estimates based on special in-depth “National Research Program” audits the Internal Revenue Service conducted on 2003 and 2004 S corp tax returns. Over those two years, the GAO estimates, 68% of S corps misreported their net income, understating their combined net profits by $85 billion.

via Could S Corp Owners Be A Tax Target? – Forbes.com – Mozilla Firefox.

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The lost generation

Filed Under: economy, News, recession by genomega — 1 Comment
January 5, 2010

Unemployment among those ages 15-24 is now averaging 20 percent across Europe, with an extraordinary peak of 43 percent in Spain. But it is above 20 percent even in prosperous Luxemburg, the country with the highest income per capita in the European Union.

Youth unemployment in the United States is more than 19 percent and is expected to top 20 percent this year. But it is much higher among ethnic minorities

via Walker’s World: The lost generation – UPI.com – Mozilla Firefox.

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Ayn Rand Rises Again

Filed Under: economy, Obama, recession by genomega — Leave a comment
April 20, 2009

In her timeless book Atlas Shrugged, author Ayn Rand chronicled the fictional doings of many great industrialists who were dealing with the greedy hand of government, including Hank Riordan. In an early chapter, Riordan was asked by a relative who his man in Washington was, but he had no answer.

A productive person driven by his own self interest, it never occurred to Riordan to look to Washington for help in growing his business, or for handouts meant to keep it afloat. Success for him resulted from being profitable, and profits were the certain signal that he was giving customers of his massive steel corporation what they wanted.

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More than 100 class action suits threaten the future of family business

Filed Under: economy, News, recession by genomega — Leave a comment
April 13, 2009

Self-proclaimed victims of global warming or those who “expect to suffer” from it – from beachfront property owners to asthmatics – for the first time would be able to sue the federal government or private businesses over greenhouse gas emissions under a little-noticed provision slipped into the House climate bill. more

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