Do You Know Who Is The Taxman?
Accounting Improprieties at H.P. or a Tax Fraud?
H.P., had taken $8.8 billion accounting charge
The accounting charge essentially wiped out its profits (really? no 38% corp. tax to pay). Previously H.P. had taken an $11 billion charge related to its acquisition of Electronic Data System in 2008.
It sounds to me H.P. has become a victim of serial “Accounting Improprieties” wiping out any of its profits and putting the company in red on the books.
more »
US Tax Hike On Wealthy Is A Policy Of Disaster
American voters re-elected Mr. Barack Obama for a second term as the President of the United States. Mr. Obama campaigned on ending the Bush-era tax cuts on income above $250,000.
After being re-elected Mr. Obama confirmed that voters have expressed their support to his plan to tax the wealthy. Tax increase on the wealthy is a dumb solution to any fiscal problem. Ask any economist, how taxes work.
Tax increase on the rich raises taxes on everyone. Voters were told that this tax increase on the wealthy will not cost you a dime.
more »