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Corporate Tax Rates, Ted Cruz, and the Democratic Party

The US Corporate Tax Rate is 35% today. It also taxes US companies on their worldwide income. However, it only taxes income outside the US when it is repatriated to the US. Yes, I know this all sounds too complicated so just remember that the US is the only country in the world to attempt to tax income earned outside the country.

The effective tax rate of most companies in the US is fairly close to 20%. It is not a coincidence that the Corporate Alternative Minimum Tax rate is 20%.

I love Lindt chocolate

Thank you

average temperatures in New York are not normal

I have been looking at the daily temperature in New York for the last 1000 days or so.

I figured the deviations from average would follow a normal curve. It appears not to be the case.

Starting December 1, we have been above average and are expected to be above average through the end of the 15 day forecast on December 26. I figured the 26 day average would be well above normal. It is 3.52 deviations above normal. I figured I could live with that because I handpicked the 26 day period.

What surprised me is that the biggest deviation for a 26 day period was through March 7 this year when we were 3.92 deviations below normal. That is a huge difference that shouldn't come up in just 1000 trials.

I wish I understood statistics.

Anyway, I was hot in a light coat this morning and their were a few people in shorts and t shirts.

Interesting FAQ on Muslims and how many are in the USA.

http://www.pbs.org/wgbh/pages/frontline/shows/muslims/etc/faqs.html

'The Quran in chapter 60, verses 8-9, explains further: "God does not forbid you from showing goodwill and dealing justly with those (of the unbelievers) who do not fight you because of your religion, nor drive you forth from your homes. God surely loves those who are just. God only forbids you respecting those who fight you on the basis of your religion, and expel you from your homes..."'

Only 5 men have a chance to be Republican Nominee

Now I realize that it is possible that I will be the Republican Nominee but only 5 people have a chance of better than 100-1.

Marco Rubio far in the lead at 42%
Donald Trump 22%
Ted Cruz 19%
Jeb Bush 10%
Chris Christie at 7%.

At those odds, I would bet on either Cruz or Christie

Election Predictions

Pivit.io has 12 tossup states.

I know that AM will take me up on one of the bets. I think WI is going to go for Hillary. I will give you 2-1 odds. Any takers?

I called 4 of the states that Pivit lists as tossups.
NM 90% for the Democrats
MI 81% for the Democrats
NC 87% for the Republicans
MO 91% for the Republicans

So, because I trust AM's opinion, I haven't called WI yet even though it is 89% for Hillary.

I am now willing to call Omaha for the Republicans.

Paris and Obama

I am not sure I understand why President Obama is being blamed for allowing/not preventing the attacks in Paris.

Do you think it is fair to blame the President of the United States for attacks in the capital city of our close European ally?

I am just wondering if any of the people who are now blaming Obama were also blaming President Bush for the attacks in London and Madrid. Of course, I also wonder how many people blamed Bush and are not now blaming Obama.

I always complain about people who twist themselves into a pretzel in order to logically defend actions depending on their political party.

Investing Ideas

I really don’t understand the Global Warming controversy.

On the one hand, scientists could lose funding if it turns out that they fudged the data and CO2 doesn’t really cause Global Warming. But these people are smart people and could probably find jobs almost as good in another industry. It really wouldn’t hurt them TOO much if they had to get other jobs.

On the other hand, oil and coal company employees could lose their jobs if it turns out that the world can’t afford to consume the oil and coal that is helping to pay their salaries. These employees are good at their jobs and could probably find jobs almost as good in another industry. It really wouldn’t hurt them TOO much if they had to get other jobs.
In either case, a group of people will have to find other work. So it might not be easy to figure out which side has a bigger incentive to fudge the data and try and show there is a dispute over whether CO2 will cause intolerable harm to live on this planet.

Happy Thanksgiving

Hope you are are safe and thankful!

John Oliver Pennies

Stupid Trivia

"not a single state that begins with A has a Democratic senator. How about that?"

Kevin Drum is worth reading

DJIA up 490 pts (2.84%) in three days...

So, let's review the real 'minutes' that drove the market up 250+ today ... After more than ten years (that's a decade for the college readers here) of not raising interest rates, and essentially 8 years at zero, that has exclusively and solely benefited the most corrupt financial system ever documented, the Fed attempted to cleverly orchestrate discussions what could add more "gains" for the biggest bloated-financial-pig's on Wall Street since they 'shorted stocks' ahead of the so-called Great Recession that made most of them vastly rich, while the underlying joke called an 'economy', commonly and consistently referred to as a "recovery" by the Obama administration, remained fundamentally an abysmal failure.

My really DARK, DARK horse is out

I had thought that it was possible that Jindal could do really well in Iowa and that might propel him to the nomination.

I figured he was a good 50-1 or 100-1 pick for the nomination.

I guess I was wrong.

I wonder if Carly Fiorina is still in the running for VP. She had one good debate and then has basically disappeared.

I am using Chrome right now and it seems better than IE. This is your signal to tell me that I am wrong and always have been wrong about being a slave to Bill.

Who says one vote doesn't count!!!

http://www.washingtonmonthly.com/political-animal-a/2015_11/luck_of_the_...

Both candidates had 195 votes.

So that means that there were 195 votes this election that counted.

Don't forget that the 195 people who voted for the loser wasted their time voting. They could have stayed home and their candidate still would have lost.

I don't know how many people voted on Tuesday and I don't know how many individual selections were made.

Do the math. 195 votes counted and Bradenton Beach, Florida will never be the same.

52-49

Drew Brees set a record throwing 7 TD passes.

Amazingly, it was the second time that a game ended 52-49.
The Raiders beat the Oilers 52-49 in 1963

I am surprised that with the 2 point conversion that no game has ever ended 15-8

Taxable Income

Andrew's VP candidate has said the tax code is too big. She said ... you need to figure out that 73,000-page tax code and how to make it work for you. So, we've got to get it down to about 3 pages, literally."

It seems to me that Fiorina doesn't understand the definition of "literally".

I just wonder if someone will ask her at one of the debates:

You stated the tax code should literally be 3 pages. When will you make public your 3 page tax code? It shouldn't take too much time for you or your staff to write those 3 pages.

PS this idea was basically stolen from Kevin Drum

Mike's Sister in Law Finally Moved On This Morning

my best friend's sister in law has been in a comma for a few weeks and they pulled life support Sunday past.
In the last twenty years I have been to her house no fewer than twenty times for Christmas, Easter and or Thanksgiving.

With that being said I was looking for something to smile about

Seeing two posts here in the past few weeks makes me happy that there is more life in Hechtmail.com than there is in my virtual sister in law.

http://www.csmonitor.com/USA/Politics/Politics-Voices/2015/1026/How-the-...

this article made me smile too

The Vast Right Wing Conspiracy does exist, but this time they are probably helping keep Rubio/Fiorina out of office

National Review is right again

It doesn't appear to be online even though I am a subscriber

http://www.nationalreview.com/article/425392/jindals-impressive-tax-refo...

That isn't the article I am talking about

The blurb in the magazine says this:

Carly Fiorina: Hillary Clinton Flunks Economics

This is the title of a WSJ article on 10-26-15.

She is saying Clinton is wrong about the economy doing better under Democrats.

"Under President Obama, the economy has been hobbled. The 73,000-page tax code is too complex..."
The tax code has barely changed under Obama. Common sense would lead you to believe the extra complexity would have a minor effect, at most.

Carly says "Whose economy is she talking about?" when arguing with Hillary's statement that the economy does better when you have a Democrat in the White House." Can you seriously think that anything that Carly has proposed will help the middle class more than the upper class?

I have no doubt that Carly really believes she will help the middle class more than Clinton. But does she really not believe in Reaganomics where a rising tide lifts all boats?

Then Fiorina states one of the stupidest stats of the last 10 years. "92% of the jobs lost during Mr. Obama's firs term... belonged to women, according to the BLS. Am I wrong to think that she said that for every 100 jobs lost that women lost 92 of them? That is absurd on its face.

Drug Prices

What do you think the Republican objective to the following would be:

Drug prices in the US cannot be more than triple the prices of drugs in the 12 richest countries with populations above 8 million people.

I don't want places like Monaco and Lichtenstein to count. Maybe triple is not the right level, maybe it should be 10 or 15 countries, maybe it should be population over 5 million or 20 million.

The idea is that it should be illegal for a company in the US to price a drug for $750 a pill when it is available in the EU or Canada for $3 a pill.

If the drug company wanted to charge $750 in the US then it would have to charge $250 around the first world. If it were a generic then other countries could produce the bill for less and they wouldn't be able to charge $750.

Most educated immigrants

Don't Google the question

What country's immigrants have the highest percentage of college degrees? Almost 2/3.

There are less than 200 countries but I will make it easy and say it isn't one of the smaller countries. So if both of Andora's immigrants have college degrees then they don't count.

I am really surprised at the answer.

It isn't Korea or Japan or Taiwan. It isn't some small little rich country in Europe like Denmark or Holland.

VW Emissions . . . . . . . . . .

I don’t understand our laws.

VW cheated on its emission testing and the company lost $20 billion in market value. However, it appears they didn’t really break any US laws. They may be prosecuted for lying to regulators.

It seems to me that if you are cheating to the extent that it will cost you $20 billion if you are caught that you should have broken some serious law.

How can this country allow such weak penalties for violating such serious laws?

Pelosi should bail out the Republicans

Congress needs to work.

I think that Pelosi should announce that the Democrats will provide the votes needed to get to 218 for the candidate who gets the most Republican votes.

This would weaken the crazy wing of the Republican Party and the new leadership wouldn't lose face by having to rely on Democratic votes.

If a crazy person got the most votes then the Democrats should help elect the crazy person.

I wonder how the Orangeman thinks of all this. It seems like it is extra evidence that he made he right decision and he can get filthy rich in about 12 months.

33 ways to mate

I was messing around with a chess program and ended up with 5 queens against a rook and was in a position where the program told me I had 33 different ways to mate.

I wonder what the theoretical maximum is?

Can you have a real position with 50 ways to mate? 100 ways to mate?

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