OT: Why there are no new jobs?

It works fine in practice. The "added value" is just the difference between what you pay and what you charge. In certain circumstances you can get money back from the VAT administration - the NSW branch of the IEEE did it reliably.

It's paperwork, but reputedly simpler than what it replaced.

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Taxing companies does capture tax on business that eventually goes outside the country. Granting the ingenuity with which international companies mana ge their tax affairs, this isn't working quite as well as it might. I can't say I ever understood a Double Dutch Irish Sandwich, but it came up in a n ewspaper article on the subject.

On Thursday, September 24, 2015 at 3:52:44 PM UTC-4, Robert Baer wrote: [...]

Latest jobs report:

WASHINGTON (AP) -- U.S. hiring slowed sharply in September, and job gains for July and August were lower than previously thought, a sour note for a l abor market that had been steadily improving.

The Labor Department says employers added just 142,000 jobs in September, d epressed by job cuts by manufacturers and oil drillers. The unemployment ra te remained 5.1 percent, but only because more Americans stopped looking fo r work and were no longer counted as unemployed.

All told, the proportion of Americans who either have a job or are looking for one fell to a 38-year low. __________

James Arthur

s for July and August were lower than previously thought, a sour note for a labor market that had been steadily improving.

depressed by job cuts by manufacturers and oil drillers. The unemployment rate remained 5.1 percent, but only because more Americans stopped looking for work and were no longer counted as unemployed.

g for one fell to a 38-year low.

Of course, even Americans are living longer these days, and spending more t ime on getting higher education than they did 38 years ago, so it probably doesn't mean that Obama is a total disaster, though James Arthur would like us to see it that way.

It's also a great way to get audited. Putting anything much on Schedule C is a bad idea. It only costs $1k or so to start an LLC (including paying people to do the required advertising). My tax guy charges about $1500 per year, and does all my books, which is cheeep.

Cheers

Phil Hobbs

The unemployment rate is meaningless. What matters is the fraction of the population that works. Even better, exclude government workers.

ns for July and August were lower than previously thought, a sour note for a labor market that had been steadily improving.

, depressed by job cuts by manufacturers and oil drillers. The unemployment rate remained 5.1 percent, but only because more Americans stopped looking for work and were no longer counted as unemployed.

ng for one fell to a 38-year low.

Useful output = z*(workers) - 8z*(gov't workers)

Probably too generous--regulators can do a lot of harm. One spiteful egg-headed regulator, for example(*), created Obamacare's 'can't keep your plan' regs.

(*) Jeanne Lambrew, PhD

Cheers, James

But the Slowmans of the world will tell you that it's good that there is more leisure time and even better that there are so many government workers to provide them all the services they're entitled to. Remember, Slowman is really good at it.

Not true at all. You might have to recapture some or all of any write downs on the house but any expenses are fine. In any case, you don't lose the exclusion at all and it doesn't affect the portion of the house not claimed as office space.

Since when?

Last time I looked, we have both Sales and Income tax? Are we talking about the same place?

Jamie

That and a lot of greed.

Jamie

The real issue with a 22% Federal sales tax is that it is too high for people to not try to avoid it. As you mention below, people will be working the system or working around the system.

This wouldn't apply to "savings". It applies to savings that had already been subject to income tax. But that would only be the part invested in a Roth IRA, or the basis of real estate (which is already deducted when capital gain tax is figured).

Which progressives "want" a national sales tax? I've never heard anyone credible promote it and this is one of the very few times I've heard anyone mention it.

Probably not. We'd drill more and use less.

I don't blame any company for using foreign labor to save money. I blame US government policy for making US labor so expensive.

At not working? At leisure time? At absorbing resources created by people who do work?

Yup, he's expert at those things.

US labor is expensive because of the high cost of living and the need for people to pay for their own health insurance and retirement. Of course, the cost of living is also inflated because of overvalued housing and individual expectations of material measures of prosperity.

Our society is also burdened with "hidden" costs of crime, which drives up insurance rates, and the "war on drugs", which requires huge expenditures on law enforcement and incarceration, with no effective rehabilitation, which makes the prisons essentially schools that teach criminals to become better at lawless activities, and more violent.

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but it keeps that police,prisons,police gear manufacturer, etc. in jobs

-Lasse

On Fri, 02 Oct 2015 15:37:48 -0700, John Larkin Gave us:

You obviously have no grasp on how many RVs have been bought and put into use since then. Not to mention high displacement trucks, and other sports consumption modes.

You do know what the acronym "BOAT" means, right?

On Fri, 02 Oct 2015 15:39:47 -0700, John Larkin Gave us:

With what? Minimum wage declarations? They have always been far behind actual need and *never* even kept up with normal middle class living standards.

When I left high school, a single job at the box factory could get a person a 2 br apt.

Now, it takes a minimum of two incomes of kids fresh out of high school to afford the same. So things are at least twice as bad now as they were then. Then there are utilities and food... everything has greedily overinflated through the roof.

Take the pharma crap going on right now for a perfect example.