Many economists say the debt to GDP ratio is key to evaluating the state of the economy. Total debt meaning the debt sum of all Federal bills, notes and bonds. Publicly held debt is the sum of Treasury notes held by individuals, banks, and governments. Add to that the intragovernmental debt which is mostly the Read the full article…
Steve Jobs is being heralded as the greatest business leader since Walt Disney. He’s put in the same category as Henry Ford. Apple was recently said to have more ready cash than the US Treasury. Steve sold his Volkswagen bus to finance the building of a computer in his garage. His partner, Steve Wozniak, sold Read the full article…
Speaking of “millionaires and billionaires” (see here), the real tax news is that there are fewer of both these days. This month the IRS released more detailed tax data for 2009, and the nearby table records the decline of the taxpaying rich. In 2007, 390,000 tax filers reported adjusted gross income of $1 million or Read the full article…
