Wednesday, February 16, 2005

The Tax Policy Center has published a table that states that taxpayers earning more than $10,000,000 in 2004 paid lower tax rates than taxpayers earning between $1,000,000 and $10,000,000. Among other things, it breaks down the average tax rate by cash income into various income tax categories.

According to the Tax Policy Center, the average tax rate paid by the 9,000 taxpayers earning over $10,000,000 in 2004 was 20.1%, more than 2% lower than the nearly quarter million taxpayers earning between $1,000,000 and $10,000,000. If taxpayers earning over $10,000,000 were taxed at 22.3%, the rate of those earning between $1,000,000 and $10,000,000, the federal government would have received an additional $4.8 billion in revenue.

Taxpayers who earned more than $10,000,000 paid a lower average rate than any category of taxpayer earning over $100,000. Although taxpayers in the $75,000 to $100,000 range paid 18.9% of their income in taxes, 1.2% less than those making over $10,000,000, taxpayers in the $100,000 to $200,000 range paid an average of 20.6%, or 0.5% more than those making over $10,000,000.

Furthermore, the Tax Policy Center’s analysis is described by David Cay Johnston, New York Times columnist and author of Perfectly Legal as “understating the real economic gains of those at the very top, who have perfectly legal ways to defer reporting income for tax purposes.”

The Tax Policy Center is a nonpartisian joint venture of the Urban Institute and Brookings Institution and comprised of nationally recognized experts in tax, budget, and social policy who have served at the highest levels of government.

Tuesday, November 18, 2014

Yesterday evening saw the Usher Hall in Edinburgh host a meeting between representatives of the City of Edinburgh Council (CEC) and the local rock and pop music scene. The meeting was dominated with local musicians’ complaints over the “zero tolerance” policy Edinburgh is viewed as having adopted towards amplified music.The meeting began with the leading panel — Norma Austin Hart, vice-convener for Culture and Sport; John Stout, promoter from Regular Music; Kevin Buckle, of local store Avalanche Records; and Karl Chapman, manager of the Usher Hall — introducing themselves and outlining the purpose of the meeting. This being best-summarised as a desire to emulate the vibrant music scene of places as far-flung as Austin, Texas and Sydney, Australia.

Councillor Hart indicated officials from Austin had already offered to get involved in improving the live music scene in the city; although none were present from Austin, US-born local musician Pat Dennis provided his frank opinion on where Edinburgh fails to nurture the local music scene: that failure to support a grass-roots, small venue, music scene prevents the city being capable of organising events similar to Austin’s South by Southwest festival outwith August, when Edinburgh hosts the Festival and Fringe.

Coming in for the lion’s share of criticism, staff from CEC’s Licensing Board were visibly uncomfortable when the topic of the “single complainant” was brought up time and time again. Unlike any other business within the city, or residential properties, noise pollution within premises permitted to sell alcohol is not managed by environmental health staff. That responsibility is bundled with the alcohol license, which leaves publicans fearful that their premises will be forced to close if they do not comply with demands to cease use of any amplification, or hosting live music. This was characterised as a ‘tyranny of the minority’, a most-undemocratic approach where one person — for example, recently moved into a property adjacent to a long-established premises hosting live music — could force the closure of a business which has hosted local talent for 30+ years.

Taking heed of the strength of feeling from the majority present, Councillor Hart made a number of personal commitments towards the end of the meeting. Those included setting up a working group, Music is Audible, to look at how the council could better work with venues, and to have a follow-up meeting in March next year.

Monday, September 22, 2008

A South African couple died after being hit by a freight train while having sexual intercourse on railroad tracks. The couple, who are yet to be identified, were having intercourse on the tracks in the Mpumalanga Province of the African country. The engineer yelled warnings at the couple to move, but according to him, they ignored them. South Africa’s national freight railway is called Transnet.

The man, in his thirties, was dismembered and died at the scene. The woman, in her twenties, was transported to a local hospital but later died from her injuries.

An investigation is taking place to determine if the woman was being raped or if she was having intercourse out of her own free will. Nearby residents suspected prostitution, because the area was commonly used for such.

Wednesday, April 25, 2012

According to Israeli Prime Minister Benjamin Netanyahu, the termination of a natural gas contract between Egypt and Israel is a business matter and not a political issue between the two counties. Netanyahu’s statement on Monday backs away from other officials’ earlier responses to the action.

Egyptian Natural Gas Company announced Sunday, April 22 that it will stop supplying Israel with natural gas over a disagreement about payments. The company’s leader claims the other side is in “breach of contract” as Gasco has not been paid for what has already been delivered.

In 2005, Israel and Egypt, under former president Hosni Mubarak, signed a 15-year trade deal whereby Egypt would supply natual gas at a discounted rate to the Israelis. Tensions between the two countries have made Israel cautious about relying on Egypt for its energy. Since the 2011 Egyptian revolution, the pipelines for transporting natural gas from Egypt to Israel have been damaged up to 14 times.

When this decision was broadcast on Sunday night in Egypt, commentators for Egyptian news services discussed whether this decision was a blatant contractual infringement, a necessary commercial move, or an attack on the original peace treaty between Egypt and Israel made at Camp David in 1978.

In Israel, Yuval Steinitz, the finance minister, said, “This is a dangerous precedent that diminishes the peace treaty [between the two countries].”

Avigdor Lieberman, foreign affairs minister, had called on Egypt to reverse the decision and prevent the contractual dispute from escalating into a political issue. Since Netanyahu’s more recent comment, Lieberman has also backed away from characterizing the issue as a political dispute.

Egypt’s natural gas exports once made up 40 percent of Israel’s natural gas reserves, but Israel has looked for other options as the political atmosphere in Egypt changed. Israel is developing its own offshore fields, and it has begun to import other types of “dirty fuels,” like gas and diesel. As a result, Israeli consumers have seen a nine percent increase in electricity costs and Israel is preparing for the possibility of blackouts.