Tuesday, August 05, 2014

Tax and Spend

The Treasury Department is trying to stop companies from moving their headquarters overseas to cut their tax burdens. I know how. Cut taxes.

Somebody pressured Walgreens into staying in the US and paying higher taxes. That's dumb for its stockholders, and that's why shares dropped.

Feds paid out over $2 trillion in handouts and entitlements last year.

Fed site for transparency in spending missing over $600 billion.
"A government website intended to make federal spending more transparent was missing at least $619 billion from 302 federal programs, a government audit has found.
And the data that does exist is wildly inaccurate, according to the Government Accountability Office, which looked at 2012 spending data. Only 2% to 7% of spending data on USASpending.gov is "fully consistent with agencies' records," according to the report."
Abolish the government.

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