The EU has been unable to agree on taxing the internet. As a result, Austria went ahead and passed its own digital tax this week on revenues earned by online companies in their country. The entire problem with this type of taxation is the burden of accounting. This means that the online world will be […]
We are beginning to witness the impact of state taxes on decision making. California’s high taxes led to the San Francisco Giants losing Bryce Harper to the Philadelphia Phillies. The 26-year-old professional baseball star agreed to a 13-year, $330 million deal with the Philadelphia Phillies because the bottom line net of what California would take was insane. I know […]
COMMENT: Marty…: My respected Australian broker in Sydney, to my horror today, has, for the first time, just asked me to supply the USA Internal Revenue Service with my Tax File Number because of a new requirement in the W8-ben form, otherwise he advises me that I will run the risk that they may withhold 30 […]
There is a real crisis in the fertility rate which has fallen to such a low level that all the socialism going forward will simply collapse. What used to be the Baby Boom is now being called the “Baby Bust,” which means that in all first-world countries there is a real crisis for they have […]
QUESTION: Hey Martin First of all, great work with the new Socrates. Thank you very much for getting it to us. You have said that rates are exploding with fed raising rates for the pension funds and because of the lost confidence in government, at least here in Europe. Am I correct when I take […]
COMMENT: Marty, You have to help us out here. California tried to tax text messages. The feds stopped that. Now, LA county wants to tax Uber and lyft. They’re already taxing us, I think, for mosquito control. The mosquito control only hands out info too. It does no real work. This is crazy. Everywhere in California, […]
The entire AUSTERITY policy of Germany is really oppressing its people to the point that their assets rank nearly the lowest in Europe and below that of even Italy. A German earning just $75,000 annually ends up in the 50% tax bracket. The economics of Europe is really reducing the standard of living and this […]
In addition to Elizabeth Warren running in 2020 on a platform of imposing a 3% wealth tax on all assets annually, Bernie Sanders has also thrown in his hat to run for President. We also have people who actually wanted Alexandria Ocasio-Cortez to run for President arguing the 35 year age minimum was not fair. […]
I have warned that once one state taxes something, the idea spreads like a contagion. Illinois and California wanted to tax movies or anything you stream. Now, Georgia is looking at the same thing. This is all part of the economic decline. The states are broke. Their pensions are consuming everything. It is no longer about […]
The politicians have a golden rule. When the courts prevent them from raising a tax, they call it something else to impose it. Massachusetts, the bastion of political Marxism, attempted to put on the ballot a new millionaire tax. That was rejected on constitutional grounds by the Supreme Judicial Court. So what are they […]
