Well, glad that Fiscal Cliff thing is over. Seriously – we sweated a crisis that was created by politicians, that politicians are now happy they averted. Consider that! Dividend Cliff… Kind of Averted Since most of you readers are also avid investors (check out our stock picks for 2013, and our solid S&P 500 beating […]
Seriously, folks. This topic is serious enough for me to write two articles about it. Since the last time we covered the forthcoming dividend tax increases, a few things have happened: Barack Obama was reelected President The Senate and the House remained in the hands of the Democrats and the Republicans, respectively (meaning the status quo […]
The last time we talked about the mortgage interest deduction, I shared with you a chart on the percentage of returns in each income group taking the mortgage interest deduction. Today let’s take it a step father and look at the mortgage interest deduction geographically.
We recently covered a lot of the fallout from Standard and Poor’s recent downgrade of the debt of the United States. The United States has 50 states which also issue their own debt, and get their own credit rating from the credit ratings firms. Luckily (this time) the legwork has been done, and I’m able to just link you to the primary source, the Tax Foundation! So view on to see the credit ratings of the states.
“So we have no choice but to make California far more efficient and effective than it is, by running this thing a little bit more like a business,” proclaimed Meg Whitman, in one of her ads during her failed run for the Governor of California. Of course, it’s tough to run your business when your employees are almost 37 million strong and own all of its shares. However, in a perfect world we have theories like ‘Benevolent Dictatorship’, which means that you readers can take a whack at it. It, of course, being balancing California’s massive $19 to $26 billion annual deficit.
A collection of links and carnival hosts for the week.
According to this post at Real Clear Markets, foreclosures in July in the United States are overwhelmingly concentrated in a few states. Yes; you know that the sunbelt states have been hit hard by the mortgage crisis, but the pain must be spread around nationwide, right? Well… maybe not as much as you think. California, Florida, Nevada, and Arizona make up a whopping 57% of the nation’s foreclosures.
Can states default on their debt? The state of California has been in the news recently because of a $24.3 billion gap in funding. Is it possible that we may soon hear of a state actually going ‘bankrupt’? What are the economic and political ramifications if California takes such a step?