Anyone following Nouriel Roubini through his time during the Asian Currency crisis over a decade ago* must be aware of the similarities between that and the one we are currently experiencing. Roubini has been interviewed recently and shared his thoughts: "The U.S. has been living in excessive spending for too long. The consumer was spending more than their earnings, and the nation spent more money than it earned which led to huge current-account deficits. We now have to cut our spending as…

A few of the more well-known quotes from American history is said to have come from Benjamin Franklin, who remarked that "nothing can be said to be certain, except death and taxes". Everyone who is an adult in America knows that tax deadlines is set to strike again like clockwork in April, yet few make preparations all year. When April arrives the local news is filled with stories of people hurrying at the last minute to file their tax returns.

For every taxpayer who can get their…

The 1st of November 2022 is when this year's Internet tax moratorium is scheduled to expire. The initial Internet Tax Freedom Act of 1998 established the tax-free moratorium. Congress has extended twice. Legislation has been introduced into both houses this year, namely S. 56 and H.R. 743 by Sen. Ron Wyden, D-Ore. as well as Rep. Anna Eshoo, D-Cal. respectively, in order to make the ban to be permanent.

Many local and state officials have argued that the ban on Internet taxation is…