Tag Archives: deficit

The situation is becoming untenable

July 17, 2018 Roy A. Ackerman, Ph.D., E.A. 3 Comments

Ah, yes. The truth- and the dangers- are now becoming obvious.

The GOP was desperate to provide a benefit to their benefactors. So, they lowered the corporate tax rates to a ridiculously low 21%. Even though most corporations never paid the much bandied about 35% rate. (Only professional corporations and small businesses got stuck with that level of taxes. Big corporations always hid- and still do- their profits from the tax man.)

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Business Management, Taxes

Why you need an Enrolled Agent

July 30, 2014 Roy A. Ackerman, Ph.D., E.A.

The IRS is being squeezed. Part of this is a result of the insane concept that Republicans perpetrate about the deficit. (OK. I have a post coming up soon about this. Suffice it to say, all that hoopla how the deficit was the biggest bugaboo we needed to address a few years ago- well, the looming deficit problem is basically gone. Not because we cut the budget- that was only going to work over 10 years. But, because, as most sentient beings recognized at the time, the large deficit was simply a factor of the moribund economy. The economy picks up- the deficit problem is erased. Voila- we’re magicians.)

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Business Management, Economy

Neither rain, nor snow, nor sleet- yeah, right!

April 26, 2012 Roy A. Ackerman, Ph.D., E.A. 12 Comments

Here we go again. The US Congress is complaining that the US Postal Service (USPS) is losing money. And, they can’t figure out why. Instead of fixing the problems, they plan to cut Saturday delivery (why not Wednesday?) and adjust another problem they caused the Service with its pensions. (I’ll address that below, too.) And, you wonder why I doubt the intelligence of our Congressfolk and Senators?

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Economy

Deficit Reduction…

February 13, 2012 Roy A. Ackerman, Ph.D., E.A. 4 Comments

The question of what to do about the economy is foremost in our minds. Greece must slash its deficit and increase its tax revenue. (Oh, I know, if it increases its tax revenue, the deficit will decrease- but in Greece’s case, that is not what is being discussed.) In America, the Republicans want spending decreased, the Democrats want taxes increased on the ‘rich’- those whose taxable income exceeds $250K or $ 1 million. The Democratic position is that we are still not growing enough jobs- and while private industry is hiring, our states are slashing jobs at an enormous rate. The Republicans feel that tax increases on the rich will stop them from hiring.

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