Americans Spend more on Taxes than Food, Clothing and Shelter

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Wondering why Americans are so angry with D.C. despite the headlines insisting that the employment situation is fantastic? Just look at incomes and taxes. According to a recent Pew Research Center Report shows, while median household income has shrunk by 13% from 2004, expenditures have risen by nearly 14%, driven almost entirely by the cost […]

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Trump’s Tax Plan

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On February 18th I spoke with Donald Trump’s son, Eric Trump, about his father’s tax plan while I was on Mornings with Maria. One of the problems with Trump’s plan is that more than 50% of all households won’t pay any federal income taxes. That means that essentially over 50% of all voters won’t be […]

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Dating Rules for Growing the Economy

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After listening to the Presidential debate last night, I thought about how much of the discussion becomes unnecessarily complicated, so let’s apply some dating rules for growing the economy. This morning I saw this article in the Financial Times and felt like slapping those who defend the spying habits of the U.S. government upside the head.   Shocker… with […]

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Economic Recovery with a Booming Job Market?

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The headlines keep telling us that we are in an economic recovery with a booming job market.  It is just that Joe Consumer is too dumb to know how good he has it.  Or maybe not.  Maybe there is more to the headlines.  I spoke with Rick Amato about just how weak this recovery has […]

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Walgreens and the morality of taxes

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  There’s been quite a bit of chatter on Facebook and in the investment community concerning Walgreens’ (WAG) announcement that it does not intend to take advantage of the tax breaks its potential acquisition of Alliance Boots in the UK would allow under the tax code, a strategy which could save it and thus its […]

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