Archive for the ‘Must Read’ Category
March 10th, 2012 | 
Author: 
Now that the Boomer obsession with real estate is over, prices will fall for years. There are just too many large overpriced homes that the next generation can't afford and probably wouldn't want to anyway.
And the single biggest factor that is escaping everyone is the true cost of a home. I know from my own experience that taxes, insurance, interest, and maintenance is much bigger than everyone realizes. Do the math and it's close to 10% total. So that 400K house Read More...
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In Bernie's universe, if the state doesn't tax a corporation tax rates's profits when it otherwise could, then it is subsidizing that corporation with its own untaxed profits. Ergo, all corporate profits belong to the state first and then to the corporation who earned them, but only if the state allows the corporation retain them by not taxing them, which retention is in essence a subsidy.
Think about that idea for a moment, and then ask yourself how it would apply Read More...
The Cain 9-9-9 plan would certainly stimulate the pocketbooks of the top tier of earners.
The decrease in income tax rates to 9% and exemption of capital gains from taxation will be paid for--by increases in taxes paid families earning between $35,000 and $100,000 per year. Purchase a new vehicle that costs $30,000--$2,700 of federal sales tax calculator tax. $150 of groceries per week--$13.50 of federal sales tax. $100 of prescriptions from the drugstore--$9 of Read More...
Jack:
Thank you for this comment. Let me clarify: The vast majority, millions, who live in southeast Florida must buy insurance from one provider...the State of Florida and they must do so if they wish to obtain a mortgage calculator with taxes and insurance. Paying a mandatory fee to the state for services I think is the definition of a tax. Property taxes and insurance premiums all go to the State. There is only so much money a homeowner can pay. Hence the one Read More...