October 3, 2016

Monday Off-Topic (Moderated) Open Thread (100316)

Filed under: Lucid Links — Tom @ 6:00 am

This open thread is meant for commenters to post on items either briefly noted below (if any) or otherwise not covered at this blog. Rules are here.

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4 Comments

  1. Bernie Sanders: Donald Trump gamed loopholes, corrupt system to dodge taxes

    Sen. Bernard Sanders said Sunday that Americans are “disgusted” by Republican presidential nominee Donald Trump’s recently revealed 1996 tax return, which showed a nearly $1 billion loss that likely enabled him to pay no federal income taxes for years.

    [...]

    Funny how the Democrats call the NOL (Net Operating Loss) provision of the Tax Code a “loophole” when basically every OECD country has the same provision.

    For example, from page 3 of The Internal Revenue Service Administered Corporate Net Operating Losses Efficiently and Effectively; However, Financial Reporting Could Be Improved
    October 13, 2015

    The following examples are provisions in place thru August, 2011:

    United States: Loss Carryback – 2 years; Loss Carryforward – 20 years
    Canada: Loss Carryback – 3 years; Loss Carryforward – 20 years
    Australia: Loss Carryback – 0 years; Loss Carryforward – Indefinite
    France: Loss Carryback – 3 years; Loss Carryforward – Indefinite
    Germany: Loss Carryback – 1 year; Loss Carryforward – Indefinite
    France: Loss Carryback – 3 years; Loss Carryforward – Indefinite
    Norway: Loss Carryback – 0 years; Loss Carryforward – Indefinite
    Sweden: Loss Carryback – 0 years; Loss Carryforward – Indefinite
    France: Loss Carryback – 0 years; Loss Carryforward – Indefinite
    Denmark: Loss Carryback – 0 years; Loss Carryforward – Indefinite

    So, the U.S. NOL “loophole” appears to be fairly common throughout the OECD countries.

    Even eutopian “socialist” Scandinavian countries have these “loopholes” Bernie despises (Denmark, Norway, Sweden).

    Comment by Par for the Course — October 3, 2016 @ 6:24 am

  2. The insanity is growing:

    Negative-Yielding Bonds Jump to Almost $12 Trillion

    http://www.bloomberg.com/news/articles/2016-10-02/negative-yielding-bonds-jump-to-almost-12-trillion-after-ebbing

    Comment by dscott — October 3, 2016 @ 12:43 pm

  3. Remember my speculation on Russia’s motives via Wikileaks? Well here is something to confirm the idea they are attempting to undermine Hillary’s credibility IF she should be president. From RT TV:

    How 100% of Clintons’ 2015 charity went to themselves

    https://www.youtube.com/watch?v=62uOVU6QXss&index=30&list=PLagVUKF7CUTQpiwEKdyq-exZKtBmJbk4K

    The truth comes from some unlikely places and this is ironically it.

    Actually, checking out the RT site on youtube called The Resident, there is a treasure trove of videos paid for by the Russian government. RT TV is Russia’s version of the Voice of America when it actually did it’s job pre-Obama.

    Comment by dscott — October 4, 2016 @ 8:06 am

  4. Feel good video of the week /sarcasm/:

    FBI recorded 7,712 terrorist encounters on US soil last year

    https://www.youtube.com/watch?v=CoswgEezyLY&index=2&list=PLagVUKF7CUTQpiwEKdyq-exZKtBmJbk4K

    btw- the terrorist watch list now has over a million people on it, some of them shouldn’t even be on it. Just in case anyone is thinking about using the list to ban gun ownership or purchase.

    Comment by dscott — October 4, 2016 @ 8:14 am

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