Taxation

The Basics of Jeans Marketing

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What’s the key to that spendy pair of jeans:

“Right now you could have a pair of jeans that cost $1,000, and people would buy them,” Lawrence Scott, the owner of Pittsburgh Jeans Company, said last week. What, Mr. Scott was asked, is the indispensable element in the making of a perfect pair of luxury jeans?
“Same as always,” he said. “It’s going to come down to how your behind looks when you pour yourself into them. No matter how good the wash or the detail or the label, if it doesn’t look good on a behind, it won’t sell.”

Well, I don’t plan on pouring my butt into my jeans anytime soon so I’ll be perfectly happy to get my next pair, like my last pair, on sale at a nearby mervyn’s: maybe $30. I’ll find something a little more useful to do with the savings…

The Downside

This entry was posted in Taxation on by

The Economist editorialized in glowing terms about The Flat Tax Revolution. They left out, though, any discussion of the biggest downside of implementing a simple, deduction free flat tax system: the massive unemployment of tax lawyers, accountants, congressional staffers, lobbyists, tax pundits, and everyone else involved in supporting the current US tax system. But, over a few years, they will all retrain and find jobs in the new opportunities spawned by the redirected spending or savings of the prevously wasted money.
Also, Drum is correct that a flat tax rate does not require the elimination of deductions but, really, why wouldn’t you do it right and combine the two as long as you were redoing the tax system? His hammering of The Economist on this point no more lame than the editorial. They do combine the two into one proposal but they do not seem to confuse the two.

Tax Time Humor

This entry was posted in Humor Taxation on by

The Internal Revenue Service sent an auditor to a
synagogue. As the auditor reviews all the paperwork,
he turns to the Rabbi and says, “I noticed that you
buy a lot of candles.”
“Yes, we do,” responded the Rabbi.
“Well, Rabbi, what do you do with the candle
drippings?” He asked.
Read the rest below the fold… (warning: language may be offensive to some)

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