Everybody’s talking about it and no one is doing a darn thing about it. No, it’s not the weather. It is our tax system.
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Everything but…
Tag Archives: corporations
Tax Changes ARE Coming
Oh, they’re talking. No, I don’t mean the Republicans and Democrats in Congress. (Though that would be really nice.)
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I beg to differ, Mr. Murray
I read lots of magazines. One of them is Fortune. Because I want to know more about business. Yes, I know its point of view differs from mine. But, I still read it. And, the newest editorial blew me away. Because it was so glib and so wrong.
Continue reading I beg to differ, Mr. Murray
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Labor gets the shaft
We’ve been reading and hearing that corporations are raking it in. Yet, we also know that jobs growth- real jobs (not just part-time or temporary or low paying)- are not keeping pace. Oh sure, the top 0.1% are seeing income gains. And, the top 1 or 2%, those that have enough cash to invest in corporations, have been participating in the stock market boom.
Continue reading Labor gets the shaft
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The American Dream Needs to Be Brought Back in Reach
I’ve been writing that the American Dream has been decimated. Oh, the Dream- it’s a dream. But, getting there- it’s not the way it used to be.
Continue reading The American Dream Needs to Be Brought Back in Reach
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Living Wages- Take 3
So, we’ve talked (this is the 3rd part in the daily series about current economics) about who is funding the US treasury. Mostly workers, which surprised most of you. Mostly the poor and the middle class, which clearly confounded you. (Remember- it’s payroll taxes that provide about 45% of the federal take, and the income taxes of the non-rich provide another 15% of the federal take. The rich (top 10%) provide 30% of the annual federal receipts via income taxes and corporations finish off the totals by contributing about 10%.)
Continue reading Living Wages- Take 3
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Is your next one a B?
I’ve written about B corps before. These are conventional, for-profit entities- kind of. Kind of, because they are supposed to be ‘Benefit Corporations’. Instead of being totally capitalistic entities, they use their profits for the good of the community, their employees, and others, as well as their owners.
Continue reading Is your next one a B?
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Tax Rates- Pass Throughs and C’s
Soooo. You’ve heard it. You know it. Corporations all complain about that 35% tax rate- but few, if any, are paying taxes at that rate. Big companies pay virtually ZERO % and middle-market companies pay 15 to 18%. (By the way, a whole slew of single-owner corporations pay a mandated 35% tax rate!) And, our clients- the ones we convinced to form LLC’s and S entities to save on taxes want us to explain how come they are not paying taxes at the 15% to 18% rates. Continue reading Tax Rates- Pass Throughs and C’s
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Do you own that company- or not?
I have a good friend who shares dinner with me often. And, we often argue. (No, we don’t fight; there’s a vast difference. We have different politics- and can still learn from one another.) One of the recurring arguments is his belief that when he buys stock in a company, he actually owns a part of it.
Continue reading Do you own that company- or not?
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The Myths of CEO compensation
I have been having debates with my friends and colleagues for years over executive pay. You, too, have heard me rail that there is no financial or business reason to allow an executive to receive compensation of 100, 200, or 500 times the average pay of the corporation s/he leads. When I was growing up, executive compensation rarely exceeded 10 times the average pay. I realize I am old- but this inflation is not only ridiculous, it’s as dangerous as that obtaining in pre-World War II Germany!
Continue reading The Myths of CEO compensation
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