Impact of Disaster in Japan

By Econ70 | 03/16/2011

Impact of disaster in Japan on US is tiny: Oil prices drop by $1.50 as Japan shuts down 6 refineries; 31% of its capacity. Yen rises slightly as insurers convert foreign holdings into Yen to pay for rebuilding. Japanese gov’t may sell some of their T-bill holdings to help pay for reconstruction. This may cause…

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Taxes and Rates

By Econ70 | 01/20/2011

Ever wonder how much federal tax you pay? The answer (with some assumptions) depends on 4 tax rates. 1st you pay the combined income and payroll tax on earnings. 2nd you pay the corporate tax while you invest your money. 3rd you pay dividend and capital gains tax as you receive the income. 4th you…

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