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Tag: taxes

Happy New Year: Corporate Profits Up, Taxes Down

Happy New Year: Corporate Profits Up, Taxes Down

If you’re looking for hard economic news, this year-end mindbender from the Bureau of Economic Analysis ought to do the trick: corporate profits surged in the third quarter while corporate taxes fell. And more hard news: on average folks who work in financial services make 52 percent more than you do. “Corporate profits with inventory […]

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Who Pays Foreclosure Property Taxes?

Who Pays Foreclosure Property Taxes?

When you purchase a foreclosed property, are you responsible for back taxes? The general answer largely depends on when you buy the property. “If the property was foreclosed and possessed by the bank, the bank will have to pay the back taxes to sell the property with clear title,” says RealtyTrac spokesman Daren Blomquist. “However, […]

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Ready For The 3 Percent Mortgage?
By September 23, 2011 1 Comments Read More →

Ready For The 3 Percent Mortgage?

It was in the 1880s that long-term interest rates hit 3.5 percent, something we may soon see with mortgages. Mortgage borrowers are now seeing home loans at not much more than 4 percent for 30-year, fixed-rate mortgages. And, reports HSH.com, 15-year loans are already below 4 percent. The lower rates result in substantially reduced monthly […]

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9/11 — How We’ve Changed In A Decade
By September 11, 2011 1 Comments Read More →

9/11 — How We’ve Changed In A Decade

Has it been ten years already? Much has changed since the terrorist destruction of the Twin Towers, an awful event which has produced awful consequences. If the attack was designed to reduce the US presence in Muslim states it surely back-fired. A decade later the US continues to have massive military forces in Iraq and […]

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Why Foreclosure Buybacks Are Wrong

Why Foreclosure Buybacks Are Wrong

In Detroit they’ve found a “solution” to the foreclosure crisis: Don’t pay your mortgage, don’t pay your taxes, allow the property to be foreclosed, and then buy it back at the tax sale. The Detroit News reports that in the past year “about 200 of nearly 3,700 Detroit properties sold at auction last year that […]

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How The Tea Party Controls Washington

How The Tea Party Controls Washington

How do they do it? How does a small number of Tea Party representatives control the agenda in Washington? The answer works like this: There are 435 members of the House of Representatives. According to CNN there are 60 members of the Tea Party caucus. The Tea Party caucus represents just 14 percent of the […]

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Gingrich Offers Deficit Solution: Credit From Tiffany’s

Gingrich Offers Deficit Solution: Credit From Tiffany’s

Republican presidential hopeful Newt Gingrich says the solution to the nation’s credit problems is an account with Tiffany & Co. Speaking before the Society for the Encouragement of Multiple Marriages, Gingrich explained that “we are at a point in our Nation’s history where we must turn back to our corporate roots for salvation. We have […]

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Why Less Government Means Fewer Jobs and Lower Home Prices

Why Less Government Means Fewer Jobs and Lower Home Prices

The latest report from Case-Shiller tells us that during the past year home values fell in 19 of 20 major cities. The exception was the Washington, DC metro area where home values rose 2.7 percent. The question is why are home values rising in one area but not 19 others? Is there a magical formula […]

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Tea Party Nation Founder: Renters Should Be Banned From Voting

Tea Party Nation Founder: Renters Should Be Banned From Voting

Talk about your strict constructionist, the founder of the Tea Party Nation thinks renters should be denied the right to vote. As Judson Phillips explains, the Founding Fathers “put certain restrictions on who gets the right to vote. It wasn’t you were just a citizen and you got to vote. Some of the restrictions, you […]

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When Is $50 Million Not Enough?

When Is $50 Million Not Enough?

Is America good enough for George Buckley? How much more can we do for a guy worth more than $50 million? Buckley is the Chairman, President and CEO of 3M. And as Buckley told the Financial Times, “there is a sense among companies that this is a difficult place to do business. It is about […]

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