Tea Party and other conservative groups targeted by IRS as agency admits actions On May 10, the Internal Revenue Service (IRS) formally issued an apology and admitted that they targeted and flagged select groups and businesses who predominately carried a conservative or Tea Party label. In a mea culpa by the IRS division that oversees tax-exempt organizations, department head Lois Learner admitted that individuals purposely flagged certain organization during the 2012 election, and apologized for the agencies indiscretions.
Bloomberg expanded: New York cracks down on use of butter
It is bad enough when an elected official, and part of the 1%, tries to tell citizens when and where they can smoke, and how much soda they can drink. But now, the dictatorial control over the people in New York has taken a greater turn as officials begin regulating the use of butter in food production for schools and other public facilities.
Colorado preparing a 25% tax on the sale of marijuana When the states of Colorado and Washington passed their referendums in 2012 to legalize marijuana, it was only a matter of time before legislatures would enact tax structures to profit from user consumption. On May 9, lawmakers in Colorado passed the first modern set of marijuana taxes, and at a combined rate of 25%.
As a historian in his primary field of study, and an investor in the real world, Kenneth has a keen perspective on all facets of the financial world. He has owned his own business and corporation, and has been an investor in many different markets such as securities, real estate, currency trading, and international trusts. His desire is to provide you with the true understanding of markets and the economy, and to give you the information that will help you make your own decisions in these troubling, and quite often, fascinating times regarding your economic decisions. Kenneth is not a certified financial advisor, and his only goal is to give you true information, by which you can see things as they happen, and in many cases, before they happen.