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Looming Tax Hike Motivates Owners to Sell

A looming increase in the capital-gains tax rate next year is fueling sales of some privately-held businesses. Many business owners—mostly founders who could gain a lot from a sale—are looking to close deals before next year, when the maximum tax on investment income is scheduled to rise from 15% currently to at least 23.8% on most capital gains, at least for higher-income households. Many sellers intend to ...

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MARYLAND WOMAN HAS KEPT TRACK OF EVERY TAX ON HER IN 2012 — AND YOU’RE NOT GOING TO BELIEVE HOW MUCH SHE’S PAID

Does Maryland resident Alice Scanlon pay more taxes than you?  Maybe not.  But Scanlon certainly keeps track of her taxes better than you.  Much better.  Down to the penny better. “I was listening to our president about a year ago and I kept hearing him say ‘pay your fair share,” Scanlon told TheBlaze recently. “It got me thinking, what is our fair share?”  So she turned to her records, and an excel spreads ...

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The Germans Are Coming for Their Gold

A German federal court has said that country’s central bank should conduct annual audits andphysically inspect its gold reservesworldwide, including gold in the custody of the Federal Reserve Bank of New York. In addition to the FRBNY, Bundesbank gold is stored in London, Paris and Frankfurt. (Read more: Republicans Eye Return to Gold Standard) For decades, the Bundesbank has relied on written confirmation ...

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2ND JUDGE HALTS ENFORCEMENT OF OBAMACARE MANDATE

A federal judge in Michigan has become the second in the nation to say he would halt the federal government’s enforcement of the Obamacare mandate that employers pay for abortifacients – regardless of their religious views. Writing that “a preliminary injunction would serve the public interest,” Judge Robert H. Cleland said in a decision issue late Wednesday that he would issue that order. “The potential fo ...

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Fed to the Rescue? ‘QE Sandy’

There’s already talk on Wall Street about the possibility of the Federal Reserve providing further monetary accommodation in response to the damage wrought by Sandy. With the Fed Funds target rate at zero, this could mean larger quantitative easing asset purchases or a focus on buying different financial assets by the Fed. One trader even described what he thinks the Fed will do as “QE Sandy.” If history an ...

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Greece Strikes Deal with Creditors on Austerity Plan: PM

Greek Prime Minister Antonis Samaras (R) welcomes German Chancellor Angela Merkel before their meeting in Athens on October 9, 2012. Tue Oct 30, 2012 6:35PM GMT 3 1 2 Related Interviews: 'West economies incapable, over-sized' Greek Prime Minister Antonis Samaras says his debt-ridden country has reached an agreement with its international creditors on a new series of austerity measures that are necessary to ...

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The Global Supra-Government and the “Free Market”

By Andrew Gavin Marshall, Guest Post   {Lehman still existed in 2007 dataset used} This essay is the product of research undertaken for the first volume of The People’s Book Project. Please donate to help the first volume come to completion: a study of the institutions, ideas, and individuals of power and resistance in a snap-shot of the world today, looking at the global economic crisis, war and empir ...

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Occupy Protesters Were Right, Says Bank of England Official

The anti-capitalist protesters who occupied St Paul’s Cathedral were both morally and intellectually right, a senior Bank of England official said last night. Members of the movement occupied the grounds of St Paul’s and remained camped there for more than three months until police evicted them in February last year Photo: AFP Andrew Haldane, a member of the Bank’s financial policy committee, said the Occup ...

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21 Signs That The Global Economic Crisis Is About To Go To A Whole New Level

The global debt crisis has reached a dangerous new phase. Unfortunately, most Americans are not taking notice of it yet because most of the action is taking place overseas, and because U.S. financial markets are riding high. But just because the global economic crisis is unfolding at the pace of a "slow-motion train wreck" right now does not mean that it isn't incredibly dangerous. As I have written about p ...

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13 American Cities Going Broke

According to new a report by Moody’s, it rated the debt of 30 cities, towns, villages, counties, and school districts as “speculative grade,” up from 25 last year.   
 A speculative-grade rating for a local government means, at best, its debt is risky and, at worst, it could end in default. 24/7 Wall St. looked at 13 of the riskiest local governments that may be on the verge of bankruptcy.   
 In an intervi ...

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Obama Urged Governors to Celebrate UN Day

President Obama issued a presidential proclamation for “United Nations Day” on October 24 praising the controversial global body while urging governors and officials in all 50 states to celebrate the occasion with “appropriate ceremonies.” The statement drew swift criticism from UN opponents and conservative activists, who argue that the U.S. government should instead withdraw from the scandal-plagued inter ...

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80 Evil CEOs Want To Raise Your Taxes

Chief executives of more than 80 big-name U.S. corporations, from Aetna Inc. to Weyerhaeuser Co., are banding together to pressure Congress to reduce the federal deficit with tax-revenue increases as well as spending cuts, reports David Wessel at WSJ. 
 
 These guys aren't close to free market advocates. They think everything from healthcare to "growth" should be managed by the government. They are elitist ...

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Š 2012 Secrets of the Fed