Silver as an investment

Category Archives: Federal Tax

Turmoil Grows Over Disparity In Rules For Prepayment Of Property Taxes

Authored by Mark Glennon via, What a mess! A  matter of immediate importance to many property owners – prepayment of property taxes – is rapidly descending into chaos and unfairness. Can you prepay property taxes before the end of this year or not? You can for purposes of getting a deduction in 2017 under […]

House Passes Tax-Reform Bill – 12 Republicans, All Democrats Vote Against

After more than six weeks of frenzied negotiations, the House of Representatives has passed the reconciled version of President Donald Trump's tax plan, leaving only one major hurdle between Republicans and their biggest legislative accomplishment of the Trump era. In a 227-203 vote, the House passed the tax plan over united Democratic opposition, as well […]

The Fetid Swamp Of Tax Reform

Authored by Charles Hugh Smith via OfTwoMinds blog, The likelihood that either party will ever drain the fetid swamp of corruption that is our tax code is zero, because it's far too profitable for politicos to operate their auction for tax favors. To understand the U.S. tax code and the endless charade of tax reform, […]

The “Trump Tax Plan” – Details & Analysis

Submitted by Lance Roberts of Real Investment Advice Almost a full year after the election of Donald Trump to the White House, one of the key promises made to voters was the largest “tax cut” since Ronald Reagan was in office. As President Trump stated in Indiana yesterday: “This is a revolutionary change, and the […]

Government By Goldman

Authored by Gary Rivlin and Michael Hudson via The Intercept, in partnership with The Investigative Fund, Steve Bannon was in the room the day Donald Trump first fell for Gary Cohn. So were Reince Priebus, Jared Kushner, and Trump’s pick for secretary of Treasury, Steve Mnuchin. It was the end of November, three weeks after Trump’s […]

CalExit 3.0: New Petition Calls For Cali Secession…3rd Time’s A Charm?

A new group of CalExit activists are hoping they can secede (see what we did there?) where two predecessor groups failed in efforts to force California’s independence from the United States of America.  Ironically, you would think that removing California from the union would be something that Republicans and Democrats could actually agree on…so we […]

“It’s Fake Fiscal News” – Jim Chanos Dashes Economic Pipe Dreams, Fears Much Worse To Come

Authored by Lynn Paramore via, The famed short-seller offers a mid-2017 reality check for “fake fiscal news,” economic pipe dreams, and “portents of even worse things” Since the election of Donald Trump, the stock market has soared and many pundits have noted positive economic trends in the US. Jim Chanos of Kynikos Associates, known […]

“They Can And Should Do More” Australian State Slams Banks With $280 Million Tax

Australian bankers are furious after the country’s smallest state levied a “surprise” tax on the country’s five biggest banks that could siphon off $280 million in profits during its first four years on the books, according to Reuters.  The tax was imposed by South Australia, which is struggling with the country’s highest unemployment rate and […]

Why Tesla’s Solar Roof Is Just Another Giant Taxpayer Gift To Elon Musk

There are two things in which Elon Musk is an undisputed champion: creating hype and buzz for massively cash-flow burning products and companies, and abusing every possible loophole in the US tax code to get explicit and implicit subsidies from the government. He demonstrated the latter on Wednesday, when Tesla began taking orders for its […]

Is This The Sound Of The Bottom Falling Out Of The Auto Industry?

Authored by Wolf Richter via, Not quite, not yet, but it’s not good either. Let’s hope that the problems piling up in the used vehicle market – and their impact on new vehicle sales, automakers, $1.1 trillion in auto loans, and auto lenders – is just a blip, something caused by what has been […]