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Thursday, May 30, 2013

Statistical Apples and Oranges Yield Strange Fruit

The first link, below, is to May 29, 2013, report of by Congressional Budget Office addressing the Distribution of Major Tax Expenditures across 5 levels of tax payers. It is 31 pages, fairly complex reading, and certainly proves that the current Individual Tax System is not simple:

The second link, below, is to May 30, 2013, Accounting Today article on the report. It makes extensive quotes by congressional folk. It is shorter and seemingly 'cherry-picks' the report to make points supporting existing biases.

The two graphs on the cover page of the CBO report show clear distinction between presenting in total dollars and presenting in percentages of income. I didn't discover any reference to the second graph in the Accounting Today article. It does point out that preferential tax rates on capital gains and dividends benefit high income folk, while the earned income credit benefits lower income folk.

Those two 'tax expenditures' are apples and oranges. Deductions and exclusions from a graduated tax rate system is necessarily going to impact more dollars for those who pay the most taxes.

Thursday, May 23, 2013

Global Understanding

Link is to a SkyDrive directory that has 3 PDF files and a Web Word file that contains a link to a relevant TED presentation by Hans Rosling.

Thursday, May 09, 2013

Google's Vint Cerf On Interplanetary Internet

Working with NASA and JPL, Cerf has helped develop a new set of protocols that can stand up to the unique environment of space, where orbital mechanics and the speed of light make traditional networking extremely difficult. Though this space-based network is still in its early stages and has few nodes, he said that we are now at “the front end of what could be an evolving and expanding interplanetary backbone.”

Wednesday, May 08, 2013

Pew Research on Preparing 1040s

According to the national survey, which was conducted April 4 to 7 among 1,003 adults, about
one-third of respondents (34 percent) say they either like (29 percent) or love (5 percent) doing
their taxes. A majority of Americans (56 percent) have a negative reaction to doing their income
taxes, with 26 percent of respondents saying they hate doing them.

Thursday, May 02, 2013

ADP Finds Private Sector Hiring Slowed in April with 119,000 Jobs Added

ROSELAND, N.J. (MAY 1, 2013)
Private sector employers added only 119,000 jobs in April, according to payroll giant ADP, indicating a slowdown in employment perhaps caused by the increase in payroll taxes and effects from the budget sequester in Washington.