Thursday Dec 22, 2016 Steve Forbes has been advocating a Flat Tax for many years. Here he lays out the case for a 17% Flat Tax.  His best point is that the tax system lets politicians dispense tax favors. And then there is the incredible amount of time spent preparing tax returns, and auditing them!…

Labor Day Sept 5 , 2016 Apple's Tim Cook responded to EU's $14.5 B retroactive tax as he put it. This is from the WSJ site and I do not know if the link will work but the EU minister tells Tim Cook that Apple does not understand the obligatino of big firms to pya…

Wed August 30 2016 The European Union has told Ireland to collect a $14.5 Billion tax from Apple. Apple located a unit in Cork, Ireland to manage international sales. And of course to escape the highest corporate tax in the world the US rate of 35%. Read the front page story here. Here is a…

Monday June 6, 2016 I got those low down mind messin' workin' at the car wash blues. Jim Croce, Composer Multiple states want to raise the minimum wage to $15. The linked article reports that car wash owners are considering more and more automation to replace workers. I heard a presentation a couple of years…

Weekend June 20, 2015 Blow Up the Tax Code The time consumption is further burdensome to individual tax filers. Considering 8 hours each for 169 million returns, Americans spent over 1.35 billion hours filing individual taxes. All said, Americans spent over 3.24 billion hours, which is about 369,858 years, preparing and filing tax returns in…

Thursday June 18, 2015 Rand Paul is surely one of the second tier Republican candidates in a crowded field. But his proposal to blow up the tax code and replace it with a 14.5% flat tax is one all the Republicans should get behind.  I hope this link to the WSJ article works.  Paul does not…

Monday Feb 2, 2015 Apple AAPL has a cash stash of about $178 B. So why is Apple selling $5 B in notes and bonds? If Apple brought the money back to the US it would pay 35% income tax. It is cheaper to borrow at these low rates and avoid the tax. The President…

Tuesday Sept 23 2014 The Administration shoould be working to make the US a destination of choice for sompanies world wide. But here is the Chamber of Commer take on the latest move.  The top economist at the U.S. Chamber of Commerce released a blistering statement late Monday, saying Treasury's new guidelines would incentivize companies…

Thursday Sept 4, 2014 Apple got the ball rolling when they began lavishing juice drinks on the team working on the original MAC copmputer. Today corporate campuses like Google provide upscale 'organic' meals for employees at no charge.  TheIRS which cannot keep track of its own e mails has these employees in its sights. The IRS…

Labor Day Weekend 2014 MOre AMericans than ever are renouncing their US citizenship. And so the government is raising the exit taxes charged to leave the country. Meanwhile we have a rush if Central American Immigrants with no money and no job prospects. So the ones with money and jobs are leaving and those wthout…