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This is a good thing. Harkin is a heavyweight whereas DeFazio is a joke.

Why should it be shocking that a country with 4x the population might surpass us in total GDP?

Do yourself a favor and use a CPA for tax prep. Money well spent and you will always save their fee and more by using a CPA. Plus there is a value to sleeping well at night that comes with their service.

I hate the socialism that Europe has exported. Hopefully the US is smart enough to avoid these self defeating, self-inflicted measures

Gold has been in a holding pattern for 18 months now. It's setting up for a big move one way or the other, IMO. I'm guessing it heads north, as central banks have signaled they are printing to solve the world's debt crisis.

I don't disagree, my point is politicians think that they can somehow magically pass taxes that only hurt "Wall Street" or "big corporations", but all of those taxes get passed on to the mainstream public.

No, my point is that corporations like GS will always pass the tax onto their customers. In the end, pension fund investors, people with retirement accounts and retail investors will foot this bill, which is simply about wealth transfer in order to keep the government spending going with...

Ultimately, ALL taxes are paid for by the individual. This is a 100% truth. All corporate taxes are built into prices and passed to consumers anyway.

We've outsourced that to the Greeks

I really don't see how it's offensive to call a man from China a chinaman.

Clearly the company is not paying this moron to outsource work to a foreign company. Those decisions aren't in his job code. There are security issues at play. Not to mention, why would they pay him $100k and be ok with him then turning around and paying a chinaman $20k to do the work? Why...

How can a nation that prints its own currency and holds all of its debt obligations in said currency default, unless an artificial, man-made choice to default is enacted?

Just google a couple of insurance brokers in your area and ask them for quotes. Prices will vary widely depending on where you live and your age, health, weight, etc.

It's funny that there are two threads where leftists start crying about Maria Bartimromo being aggressive. This happens to Republicans all the time by the media, which is 85% Democrat.

Because without jobs, your community will turn to crap. Look at most of Eastern Michigan for an example.

Can someone quickly summarize the FTT situation in Europe? Which major countries are pushing for it? How close is it or has it been approved? Is the UK still opposed? Will it apply to only equities or bonds, futures, options and forex as well? I realize that all of this info is in the...

You're probably right. I could easily see the R's losing the House in 2014. They're hanging on by a thread now. I would think that Dems in IL and NY would be against this and quite outspoken but you never know.

Doug Kass is also predicting this for 2013.

Sounds like Obama will nominate Jack Lew as Treasury Secretary. Does anyone know his stance on the FTT?

Only idiotic leftists believe that companies just have extra money laying around to "not pass this onto their customers". As if mutual funds aren't currently squeezing their margins to compete with an abundance of competition from lost cost funds and ETF's. You can see the lack of business...