Obama wants to raise the capital Gains Tax "for purposes of fairness", even if we c...
Obama wants to raise the capital Gains Tax "for purposes of fairness", even if we collect less money and run up more debt that China will buy up. This goes contrary to what he was saying about the "Bank of China Credit Card", and the part about paying down "some of this debt".
We will never be able to pay down our debt as long as Politicians know that they are able to spend money on the people in return for votes and do favors for Corporations in return for money making opportunities when they leave office.
I know he says that these are the kind of things that he will change, that part would be great, I just don't like all of the liberal policy changes and laws he would be making, like taking my guns away, free abortions for anyone any age any reason no parental consent or even notification, letting Iran have Iraq, raising taxes on the "Wealthy", and just his general philosophy that Government is the answer to almost all of our problems.
I don't think he's a bad man, I just think that he will be bad for America.
Obama Pushes for Higher Investment Taxes
September 19, 2007 03:02 PM ET | James Pethokoukis
As part of his "Tax Fairness for the Middle Class" plan, Barack Obama is in favor of nearly doubling the capital-gains tax rate from 15 percent to 28 percent. Leaving the fairness issue aside for a moment—as well as the impact of higher taxes on economic growth—the Obama plan could also be called a "Ways in Which Government Can Collect More Taxes to Pay for New Spending" plan, since Democratic candidates are all scrambling to figure out ways to plausibly pay for new healthcare, education, and infrastructure spending if elected.
But Dan Clifton over at Strategas Research thinks the Dems may be disappointed by the ROT—return on taxes—from higher cap-gains rates. After reviewing the connections between changing cap-gains rates and government revenue during the past five decades, he concludes that higher cap gains could well be a revenue loser for Uncle Sam.
We examined the impact of capital-gains tax rates on investors realizing their gains. As the tax rate increases, investors hold their gains to avoid paying the higher tax. Conversely, lowering the capital-gains tax rate spurs realizations. Interestingly, the 1986 Tax Reform Act increased the capital-gains tax rate from 20 to 28 percent, but investors were given roughly three months before the tax increase was enacted into law. In turn, investors rushed to realize their gains before the higher tax rate kicked in, and capital-gains realizations remained depressed for nearly a decade thereafter with the higher tax rate in place.... Therefore, proposals to raise tax revenue from capital-gains tax increases will be scored as a net revenue gain to pay for new spending, but in reality, the tax revenue may not materialize, which will force tax increases elsewhere to pay for spending.
(more)
(less)
Added: 265 days ago
Views: 3
A cash flow statement shows how much money is coming in and going out of a business. Monitor the suc...
A cash flow statement shows how much money is coming in and going out of a business. Monitor the success of a business using the tips in this free entrepreneur advice video from a professional business consultant.
Expert: Emily Gasner
Contact: www.tmcworkingsolutions.org
Bio: Emily Gasner is the program director for Working Solutions in San Francisco. Working Solutions is a 501(c)(3) nonprofit organization that provides business advice to under-served micro-entrepreneurs.
Filmmaker: Sam Lee
(more)
(less)
Added: 268 days ago
Views: 5
http://videos.smallbusinessnewz.com/
With all the different loans to choose from, how can you know ...
http://videos.smallbusinessnewz.com/
With all the different loans to choose from, how can you know which loan is best for you, especially when you need money fast? SmallBusinessNewz Reporter Abby Prince explores secured personal loans, home equity loans, accounts receivable loans, and other sources of funding that serve as options for you. Check out the full report only on SmallBusinessNewz.
(more)
(less)
Added: 268 days ago
Views: 4
MAKING SURE THE HOMEFRONT IS SECURE
It's important for military families to be well versed in fin...
MAKING SURE THE HOMEFRONT IS SECURE
It's important for military families to be well versed in financial literacy as they are already feeling the strain of separation. Financial concerns don't have to add to that burden. Military families live on limited budgets and often must move at a moment's notice so learning key financial literacy concepts like budgeting and automatic savings may help them better weather the economic challenges of military life.
MoneyWi$e is a program created by the partnership of capital One and Consumer Action, a non-profit that helps educate consumers on the basics of personal financial management. The training consists of basic financial management skills, including understanding credit, interest rates and savings.
The men and women of our military are on the front lines every day. Efforts like those from capital One and Consumer Action give them and their families the tools they need to make sound financial decisions -- going a long way in easing their minds.
For free information on budgeting, saving and other tips to keep up your financial health, visit www.capitalone.com/financialeducation or www.money-wise.org
(more)
(less)
Added: 265 days ago
Views: 2
|
Role based demo - Head of Finance
In today's challenging business environment, the role of a CFO ...
Role based demo - Head of Finance
In today's challenging business environment, the role of a CFO has clearly been redefined to not merely being a money manager but leveraging the instruments at command to pro-actively save and generate revenue for the company. Ramco's Head of Finance module allows you to do just that in a very user-friendly manner.
Financial Dipstick
Unlike other functional heads whose worries are restricted to their domain, you are the custodian of the overall welfare of the company and need to check every now and then on the financial health of the organization. Our Monitor Scorecard gives you dashboard views on key parameters / ratios like Current Ratio, Asset Turnover Ratio and overall Net Profitability, with options to view expenses-head wise and across time periods, with options to view expenses-head wise and across time periods. This is a virtual dipstick of the companys health and will reveal areas of concern, which you may address directly or appraise the CEO of what needs to be done.
Receivables & Payables Analysis
The working capital pipeline In the short term, your contribution to keeping the organization running smoothly will necessary be reflected in how you manage the money flow as captured in the Receivables & Payables Analysis. Our Receivable and Payable analysis are both designed to give you quick views on the Group wise, time period-wise figures for Receivables as against Payables on account of jobs / projects / invoices. These two, viewed in conjunction, will enable you to pin point those areas where huge gaps between Receivables & Payables could occur, and which could hamper cash flows. You can take remedial action immediately, by alerting the respective Groups / Project Heads.
Overview of Management Accounting Process
Allow to share with you of our Management Accounting process. The process starts with the allocation of over heads to cost centers across departments and to one or more manufacturing units. This resource cost allocation is activity-based and is reflected in the work order costing and final settlement document, which is the final cost sheet for the product line. The service element of costing, which is shipping and transportation and selling cost, forms a part of the Cost of Sales which is viewed in conjunction with the revenue stream from customer invoicing to show the profits for the product line which typically is also a Profit Center Head.
Interactive Budget Tracker
Our budgeting software is designed to capture information over varying time periods, cost-center wise and as per account type. It is also designed to compute variance from budget at any point of time, by account type and cost-center wise. What's more, the remarks column enables you to list the reasons for variance, giving you a bird's eye view of performance for the particular department / cost head over time.
Take advantage by the way Ramco has embellished its Head of Finance module with features, which enable you to be evaluative and proactive at the same time.
Call us now, and set the course of battle.
For more information, visit http://www.ramcoondemand.com
(more)
(less)
Added: 265 days ago
Views: 10
|
