Tax Ethics « Questions for America

Are we collectively bankrupt?

August 11th, 2010 | Tags: Accounting Ethics, Budget Ethics, CPA Continuing Education, Economic Ethics, Peak Credit, Risk and Return, Social Security

U.S. Is Bankrupt and We Don’t Even Know: Laurence Kotlikoff

Let’s get real. The U.S. is bankrupt.

Neither spending more nor taxing less will help the country pay its bills.

…Last month, the International Monetary Fund released its annual review of U.S. economic policy.

…the IMF has effectively pronounced the U.S. bankrupt. Section 6 of the July 2010 Selected [...]

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Should North Carolina’s tax revenues rise or fall as many small business owners run out of money to pay taxes and debt payments?

July 19th, 2010 | Tags: Budget Ethics, CPA Continuing Education, North Carolina, Tax Ethics

N.C. tax delinquents rise, adding to budget woes: They owe the state $841 million – a 67% jump from 2009…

…The $841 million exceeds the $505 million delinquents owed the state in March 2009.

Did state budget writers account for $336 million of unpaid taxes
in 2010/11′s budget?

But due in part to budget cuts, [...]

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Arthur Laffter: “Tax Hikes and the 2011 Economic Collapse”

June 7th, 2010 | Tags: Budget Ethics, CPA Continuing Education, Economic Ethics, Municipal Ethics, Tax Ethics

Tax Hikes and the 2011 Economic Collapse

People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies.

…if the government taxes people who work and pays people not to work, fewer people will work.

Incentives matter.

People can also change the timing of when [...]

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Was/is PAYGO a Fraud?

March 8th, 2010 | Tags: Accounting Ethics, Budget Ethics, CPA Continuing Education, Jim Bunning, Pay Go, PAYGO, Political Ethics, Tax Ethics

…Bunning was objecting to yet another monthly extension of unemployment payments absent an explanation of how it would be paid for.

…None of this is paid for. Instead, the government borrows ever more money, incurring ever more debt and ever more interest on that debt.

To count the interest would be to highlight the fact that we [...]

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How could a $500 million current fiscal year miscalculation by the state of North Carolina affect local municipalities?

February 23rd, 2010 | Tags: CPA Continuing Education, Economic Ethics, Greensboro, Guilford County, North Carolina, Tax Ethics

N.C. faces $500 million shortfall: The final figure might be much higher as income and sales tax collections trail legislative projections.

Top lawmakers say North Carolina will come up $500 million short of its $19 billion budget by the end of June.

“It would not surprise me if it hit $600(million) or $700million,” said Sen. David Hoyle, [...]

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900,000 Jobs

February 19th, 2010 | Tags: budget deficit, Budget Ethics, CPA Continuing Education, Municipal Ethics

…states — which continue to face huge budget shortfalls that they must close — are taking steps now to plan their budgets for state fiscal year 2011, which starts on July 1, 2010 in most states.

…Presuming they will get no more fiscal relief, states will have to take steps to eliminate deficits…

…That, in turn, could [...]

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Should the nation’s children be liable for the shortsightedness of their parents?

February 18th, 2010 | Tags: Accounting Ethics, Budget Ethics, CPA Continuing Education, Generational Ethics, Municipal Ethics, Pension Deficits, Tax Ethics

How should Americans respond
if the economic and political leadership
of the greatest nation in the history of the world
betrayed their children?

Any system produces winners and losers.

If the gap between them gets too great,
the losers will organize themselves politically
and seek to recast the existing system within nations, and between them.

Henry Kissinger

…U.S. states [...]

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The only two certainties, are that you and everything that’s not you exists.

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Questions for America

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Should North Carolina’s tax revenues rise or fall as many small business owners run out of money to pay taxes and debt payments?

Arthur Laffter: “Tax Hikes and the 2011 Economic Collapse”

Was/is PAYGO a Fraud?

How could a $500 million current fiscal year miscalculation by the state of North Carolina affect local municipalities?

900,000 Jobs

Should the nation’s children be liable for the shortsightedness of their parents?

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