One of the many controversial parts of President Obama’s budget for 2016 is the increase of capital gains taxes. If President Obama gets his way, all Americans will have the sliding scale of 15%-23.8% raised to a flat 28% capital gains tax. This tax increase is not just proposed for(…)
The U.S. Department of Labor made headlines recently with its report that the current unemployment level in our nation is a mere 5.6%. Unfortunately, the official unemployment rate as calculated by that department counts people who work odd jobs like cutting grass and selling trinkets online as employed people. Additionally,(…)
Is there an economic recovery underway in the United States? A recent report published by the Government Accountability Office (GAO) and some mathematical interpretation of that report provides a window into the effects current U.S. fiscal policy has had on our economy: The GAO says the federal government is $18(…)
Yesterday, we discussed 12 of the most wasteful government expenditures in 2014. It involved waste from many corners of government, but one entity that escaped our roast was the Department of Homeland Security (DHS). Someone must have it out for the folks over at DHS because today it was revealed(…)
The much-discussed “myRA” retirement plan, established by President Obama last year, has received a new website from the US Treasury. The myRA plan is unquestionably one of the administrative moves that the present administration has taken in recent years that have raised worries from many investors. Why? Many people who(…)
As responsible taxpayers, we expect the government to be responsible in the way it uses our hard-earned money. There are various government watchdog organizations whose task it is to bring to the attention of the American public outrageous expenditures on the part of the U.S. federal government, but rather than(…)
Many Americans who are investors are attempting to comprehend a figure that is nearly beyond comprehension after learning, according to USDebtClock.org, that the federal government of the United States has a national debt that has topped $18 trillion. In a trillion, how many zeros are there? (12) Over how long(…)
