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YOU'RE NOT ABLE TO GET BANKRUPT WITHOUT BEING TOO BROKE?. Among the American population, lots of basic understandings, misconceptions and myths, whined about bankruptcy. However, a fair, or at least, an accurate comprehension of bankruptcy, and of its principles, as it is more especially contained in the Bankruptcy Code, is crucial for the successful management of one's financial affairs, whether as an individual or as business. One such misconception or MYTH, can be summed up this way:......Read More
The earned income tax credit targets poverty better than a minimum wage,. States Ben Gitis, a policy analyst at the American Action Forum. A low-income, working family receives a charge based on a fixed percentage of earnings. As earnings increase, the credit increases, reaching a maximum value that is dependent upon the number of children in the family. If a household's tax liability is smaller compared to their EITC, the household receives the full value of the EITC. The EITC developed in......Read More
Being the type compassionate souls Americans are, we get tricked into believing things because we want them to be true. Wages, jobs, and poverty are passionately debated and exceptionally prone to optimistic misinformation and logical fallacies. Minimum wage and the notion of a "living wage" are examples of just that. They sound useful and nice, but in practice they do much more bad than good. They displace jobs and discourage hiring, trigger increases in cost levels, plus they don't assist the......Read More
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