Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 08-08-2011, 12:49 AM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
Global markets are jittery again and headed for major downward correction.

Looks like the Asian market reacting negatively to the US S & P downward rating. The futures market also being affected negatively.

Seems like Congress will have to meet to discuss additional measures to stimulate the economy and implement measures to sooth the financial markets, be it cut spending or tax reform. I think we might see an effort to raise taxes coupled with some measures to simplify the tax code and an introduction of national sales taxes.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What are the major provisions of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010? TaxGuru General 2 10-26-2011 02:56 AM
What are the major "2010 Tax Law Changes for 2010" that will significantly affect Small Businesses? TaxGuru For 2010 0 02-05-2011 12:12 PM
would a1099M error correction lead to Audit acg101 Filing Requirements 4 03-03-2008 05:05 PM
Major Changes to the Estate Tax Laws for 2007 TaxGuru Estate Planning 0 09-04-2007 06:00 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.