The day job requires that I keep abreast of economy-related headlines. I have quite a collection of them now. I thought I’d share these in honor of tax day.
It’s almost quitting time, and if you’ve put off your taxes and haven’t paid them online, you’ve probably scoped out the post office in your neighborhood with the latest closing time. Or maybe you’re planning to speed to the nearest one before it closes. Chances are there will be a line. Maybe a long one. So, here are some articles you can read while you’re waiting in line.
But be careful. Reading these article immediately before or after paying your taxes may be hazardous to your mental health.
At least they won’t get stimulus checks. On the other hand, thanks to the stimulus package, they can now refinance their homes at a lower rate (or one of them, anyway), and borrow money on the cheap.
Lest you think guys like Buffet and Kravis are “self-made” billionaires who deserve a tax break because of … well … because they’re billionaires, Harry Moroz will remind you that no billionaire is an island. No fortune is made alone, without support from the infrastructure investments funded by tax dollars, as Corrine Ramsey points out. So, the next time you hear that our economy would be nowhere without them, remember they might not be quite so rich without … well … us.
If their taxes are picked up by their companies, the IRS probably won’t look too closely. The agency is auditing fewer big companies (worth more than $250 million), and focusing on medium-sized companies (with assets of less than $50 million).