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Dr. Fly

18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.

Perspective On Romney’s 15% Tax Rate

For the average American making $40k per year, being taxed at 28%, to match what Romney paid –at 15%–in one year of taxes, it would take them about 400 years to accomplish. The average guy making $40k is paying roughly $8-10k in taxes per annum. If he/she calls the police or fire department once, the gov’t will likely lose money on him. Romney is paying roughly $3 million per annum, which in turn finances all of the federal horseshit people clamor for. The tax rate, in many respects, is irrelevant–actual dollars is what’s important.

 

Do the math.

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XXX TAX DOCUMENTS RELEASED: Mitt Romney’s Net Worth North of $200 Million XXX

Romney’s tax documents are voluminous and extraordinarily complex, and his opponents are sure to comb through them in the coming days. They reflect the far-flung finances of one of the richest men ever to run for president. His 2010 tax return alone runs to 203 pages, crammed with information about foreign holdings, contributions to family trusts — and even a Swiss bank account.

Full article

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Today’s Biggest Winners

No. Ticker % Change
1 SCHS 24.18
2 CSKI 22.14
3 CPY 20.59
4 ENMD 20.16
5 CNAM 19.80
6 SCOK 19.22
7 ASIA 18.70
8 CPSL 18.48
9 BVSN 18.25
10 EDGR 18.18
11 TLB 17.84
12 FCH 14.52
13 NOAH 14.24
14 VRNM 13.54
15 SHLD 13.26
16 BSPM 12.33
17 NBS 12.31
18 SWKS 11.44
19 CNTF 11.35
20 TRIT 11.11
21 SINO 10.12
22 OPXT 9.35
23 GIII 9.32
24 NEP 8.86
25 IPHI 8.30
26 MERC 8.29
27 UXG 8.21
28 ONSM 8.20
29 RDNT 8.16
30 CNIT 8.10
31 OREX 8.10
32 TNP 8.09
33 ATSG 7.95
34 CAK 7.69
35 AGQ 7.47
36 LEE 7.32
37 HTCH 7.25
38 KUTV 7.21
39 SIGA 7.17
40 HHGP 7.14
41 WEBM 7.11
42 EXE 7.10
43 SATC 7.00
44 RAS 6.91
45 RENT 6.84
46 TWMC 6.77
47 EMAN 6.71
48 IMN 6.71
49 FORM 6.56
50 BIOD 6.47

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Hackers Strike Back at US Government #sopa

In response to government shut down of megaupload.com, hackers have flooded and taken down the following sites.

justice.gov universalmusic.com riaa.org mpaa.org copyright.gov hadopi.fr wmg.com usdoj.gov bmi.com fbi.gov

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FLASH: RICK PERRY QUITS

He officially quit the race to become GOP candidate for President and is heading back to Texas to shoot some pool.

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