Gold finally hit a little correction. It dropped 4% in one day to settle around $1,169. Still higher than I ever expected.
The Senate is looking at executive compensation again. This time for insurance company executives.
I find this to be very unreasonable. If a million dollar salary offends, the simple solution is to having higher marginal tax rates. Then we all win. The community gets more revenue from the taxpayer and executives don't get hurt by "price control."
Also, major tax loopholes need to be closed.
And one idea to help the little guy must be thrown in.
INCOME AVERAGING
It would not be fair to tax a windfall, like a lottery win, or the sale of a business, if it is a one time event, at the same high rates as annual incomes. The old income averaging allowed you to distribute windfalls over four years.
That would be fair.
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