VN Boards Archive

[VN Boards Archive]

Welcome to the Vault Network forum archive.

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Popular boards may have as many as 250 pages archived at 50 topics per page, while others deemed of historical signifigance may be archived in their entirety.

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Topic: 3 Huge Recent Economic Developments You May Have Missed

notmforce2k Posts: 96,434 Registered: Oct 9, '11 Extended Info (if available) Real Post Cnt: 2,235 User ID: 1,430,866	Subject: 3 Huge Recent Economic Developments You May Have Missed
	Actually... this is pretty interesting stuff as we head into the 2012 political circus. More details than I'm willing to post are provided at the link below. http://www.fool.com/investing/general/2012/01/20/3-huge-recent-economic-developments-you-may-have-.aspx?source=ihpsitth0000001 1. For the first time since 1949, the U.S. is a net fuel exporter America has been marred with a poor energy policy for decades. The phrase "dependence on foreign oil" is ubiquitous. And make no mistake: We still rely heavily on foreign nations to feed our energy needs. But measured one way -- imports and exports of petroleum products like gasoline, diesel, jet fuel, and propane -- the U.S. is actually now a net exporter for the first time in generations: 2. Growth in health-care spending is near a record low Health-care costs have ravaged household, business, and government budgets for decades. Along with education, health care is one area that has truly experienced extreme inflation over the last several decades. But the growth rate of health-care spending is actually falling at a shocking rate. According to health policy journal Health Affairs, "The rates of health spending growth in 2009 and 2010 marked the two slowest rates in the 51-year history of the National Health Expenditure Accounts." 3. The biggest contributor to the budget deficit over the last decade wasn't stimulus spending, the Bush tax cuts, or two wars. It was tax evasion. Last week, the IRS released a report on the estimated "tax gap," or money that people legally owe in taxes but evade paying. For 2006 (the most recent year calculated), the gap stood at $450 billion, an increase from 2001's estimated tax gap of $345 billion. Keep in mind, this isn't money people legally avoid paying by using tax shelters like an IRA or 401(k). This is tax revenue illegally unpaid thanks to things like offshore bank accounts and unreported cash receipts from businesses. The IRS only issues these reports every five years, and each report details just one year. But let's use some assumptions. Assume 2001's tax gap of $345 billion was reflective of the 2001-2005 period, and 2006's $450 billion gap was reflective of the 2006-2011 period. In total, that's $4.4 trillion in lost tax revenue over the last decade. -----signature----- (none)
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-Foxy- Title: Moderator Ãœber Brat Posts: 110,094 Registered: May 29, '02 Extended Info (if available) Real Post Cnt: 107,357 User ID: 683,944	Subject: 3 Huge Recent Economic Developments You May Have Missed
	didnt know that about the tax evasions, or the net -----signature----- Long suffering vassal to Xarkath, U.P. - Forever and ever
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Onslaught. Title: I've always wanted a title. Posts: 56,272 Registered: Feb 13, '01 Extended Info (if available) Real Post Cnt: 55,112 User ID: 68,094	Subject: 3 Huge Recent Economic Developments You May Have Missed
	What is your understanding of the current challenges and opportunities faced by an engineering consultancy in current times?: =\ I dunno lol. -----signature----- "Mmmmrmmrrrmrrmrmrrrrmrmrrmrmrmrrmrr" -GinsuWife
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Banelord_FF Title: Cunstrukshen Werker Posts: 13,090 Registered: Jan 3, '02 Extended Info (if available) Real Post Cnt: 12,887 User ID: 590,745	Subject: 3 Huge Recent Economic Developments You May Have Missed
	Sure we are exporting fuel, but we still do not produce enough oil domestically to meet our needs. That fuel is oil imported to the US which is then processed and exported to nations that do not have sufficient refining capacity. -----signature----- The World is not dangerous because of those who do harm but because of those who look at it without doing anything.
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Sith_Mauler Posts: 24,642 Registered: Dec 21, '02 Extended Info (if available) Real Post Cnt: 24,438 User ID: 750,977	Subject: 3 Huge Recent Economic Developments You May Have Missed
	Exporting Fuel, I am waving the bs flag on this one, we are paying the highest average prices ever and it just keeps going up. Healthcare has became legalized extortion. From doing taxes professionally, the system is broke. You dont have to pay one cent into the system and yet can "withdraw" $1,000's from the system. -----signature----- Well I ain't first class But I ain't white trash I'm wild and a little crazy too I have seen a lot of things in my life time. That is why I walk the line I walk.
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