The November election made California the highest-tax state in the nation by raising the top rate of state income tax to 13.3 percent, an increase of 29.13 percent. Sales tax now ranges from 7.5 percent to 10 percent in parts of Los Angeles County. But the same legislators who pledged fiscal restraint now want…
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The federal government won’t say who they are, but in 2013 two people still get government payments for the U.S. Civil War, which ended nearly 150 years ago. No government official made that information public. It only emerged as the result of an investigation of federal payment records by the Associated Press, which also…
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“These people are collecting their hourly rates, flying out here to do whatever it is they do, eating peanuts and watching TV on the plane. When they get here, their usual hourly rate kicks in again. These guys are just rolling.” That may sound like a rant from some television tabloid but it’s actually…
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The assets of Americans 35 or older have dropped 22 percent since 2007, according to Pew Research, and the decrease is because of high unemployment, a weak housing market, and a sluggish economy. Americans now learning hardship first-hand might consider the way members of Congress are attempting to tighten their belts in light of…
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According to Byron York, Republicans are gearing up to defund Obamacare. Senators Ted Cruz and Mike Lee want a vote on a budget amendment to defund the president’s government healthcare plan but the Senate Republican caucus remains “deeply divided” about such a move, which of course the Democrats oppose. Whatever the politics involved, a…
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Britain’s Court of Appeal has tossed the lawsuit of Tesla boss Elon Musk against Britain’s popular “Top Gear” program. In 2008 host Jeremy Clarkson called the electric Tesla roadster “an astonishing technical achievement” adding “it’s a shame that in the real world it doesn’t seem to work.” That is, he found that the car…
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Mark Trumbull of DC Decoder notes that, according to the Congressional Budget Office federal tax revenue will hit $2.7 trillion this year, a record that would surpass the $2.6 trillion in 2007, before the recession started. This strengthens the case of those who say the problem must be excessive government spending. But the $2.7…
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The M-1 Abrams tank can pulverize a building at a distance of more than two miles and proved its worth in Iraq and Afghanistan. If one of these tanks is headed your way you might have a problem, but now the United States military has a problem with the tank beyond its reported unsuitability…
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We recently noted that gasoline prices are up 75 cents since December and motorists in southern California are now paying as much as $6 a gallon. But Golden State motorists will soon be paying even more, “no matter what market forces do,” as one report puts it, because California’s State Board of Equalization just…
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Wall Street cash bonuses for 2012 could rise 8 percent to a grand total of $20 billion according to the Wall Street Journal, in an industry where the average salary is $362,900, higher than before the financial crisis began. Those who bagged the fat bonuses are doubtless popping the bubbly and heading for the…
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