Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Tax Burden
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Tuesday Nov 15, 2011 Liberal politicians tend to think of the wealthy as a sort of giant jelly bean jar. Need some revenue for your re election project, just reach in the jar and grab some jelly bean revenue. Recent studies in New Jersey indicate otherwise. Individuals and business have left the high tax states of CA,…
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Monday Nov 7, 2011 Thirty companies paid no income tax the last three years. With a year to go in the election I suspect this will be come a more serious issue. I know I paid taxes the last three years, did you?
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Sat Oct 29, 2011 An alert student made a lengthy post about the French Revolution. Indeed it was quite different from the American Revolution. The object of American scorn, King George, was safely tucked away across the Atlantic Ocean. The French Royalty on the other hand were uncomfortably close to their citizens. Yet the class…
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Friday Oct 28, 2011 http://the53.tumblr.com/ The last time I checked Texas A & M Students were mostly holding down jobs often raising familiies finishing college assuming responsibility for their lives And so the Occupy Wall Street Crowd has a counterparty the 53% that do pay taxes Your take?
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Monday Sept 19, 2011 Art Cashin is the NYSE Floor Manager for UBS as a result of their purchase of Paine Weber. He is featured on CNBC about 7 55 each morning for a comment, and those comments are posted on the the CNBC website. Here is Art on the proposed tax increases. As…
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Thursday Sept 8 2011 The lead article in today's WSJ, http://www.wsjcom, reports that the Labor Dept is investigating pay practices at major home builders. Labor is demanding names, addresses, ss numbers, pay rates and hours over the last two years. Supposedly this is an investigation of pay practices. Labor is investigating Lennar, Pulte, DR…
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Thursday Aug 25, 2011 This article written by the CEO of an investment firm in Arkansas lists five suggestions for reigning in out of control regulations. Notice the last is that SARBOX has been a deterrent to companies going public, indeed many may increasingly go private just to escape costly compliance. I find most of these suggestions…
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Sunday June 26, 2011 Here is a great video on how companies move off shore to reduce their exposure to the US 35% tax rate. Another example of terrible US tax policy. This is why there are billions in US corporate cash offshore. As the video concludes, nobody pays the 35% tax rate, they hire…
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Thursday May 26, 2011 IRS is demanding entire years of data from small business. Meta data is information contained in on line digital data banks. Amazon knows what you buy from them. Now the IRS wants to take al of a firm's data and snoop through it to their satisfaction. This of course will reveal…
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Tuesday March 8, 2011 Congress, our national Asylum for the Incompetent Mark Twain Senator Scott Brown, R MA, has introduced a bill to provide, yes, you and I with a itemized receipt for our 1040 tax returns. Click to see how we could waste more money. Dear Senator Brown: The competition for the worst current idea…