CA seed money drying up
No surprise that California's continuing budget problems resulted in a significant drop in funds available through the California Small Business Loan Guarantee program. Why? Because a chunk of its trust…
Small Business Confidence Drops
Small businesses have become more pessimistic about the chance for economic recovery in the next six months, according to a survey by the National Federation of Independent Business. The indicator…
Obama Admin unveils small business help
The Obama administration has unveiled a program to help small businesses, including R&D and innovation credits, ELIMINATING capital gains on small business stock ... we really need to see those…
Bar Stool Economics: Explaining our Tax System
There’s a parable that’s been kicking around for years that I ran across recently and wanted to share with you. I haven’t seen it in years but it’s an insightful parody of our tax system with a golden nugget of truth at its core.
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Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: (more…)