| A.
R. Kakhsaz Company
an accountancy corporation
Member
American Institute of
Certified Public Accountants
International associates:
Tavana & Co.
Chartered Accountants
Toronto, Canada
Tel.416-229-2221
|
The typical
American household's problem: A statistical household consisting of
one man and one woman, earning the typical amount of income over a typical
lifetime and facing the typical health, retirement, and education
expenses, spends at the following rates the household's total
pre-retirement income, that is (1) spent since entering
adulthood in 1960 verses (2) expected to be spent since entering
adulthood in 2001, on:
|
(1) |
(2) |
| Health |
16 |
35 |
| Education |
8 |
14 |
| Retirement |
6 |
3 |
|
Total |
30% |
52% |
The projections
for the generation born in 2003 and reaching adulthood in 2025 are even
more dire. The household is expected to spend 56% of pre-retirement
resources on health and 18% on education, so that nearly 75% of
pre-retirement resources are devoted to these two categories alone.
The source of the above is
Hall, Robert E. 2003. "The Unbearable Forward Burden: Health,
Education, and Retirement." Mimeo. Stanford University.
For more of theGeneralist,
please visit our Website at ARKCPACOM.
Federal taxes as a
percentage of U.S. gross domestic product has averaged around 18% since
1950. The heavily increasing federal budget deficit promises a rise
to 25% or more during the next 50 years.
Iran must free all political prisoners and
journalists, said Ms. Shirin Ebadi in her first public statement at home
after winning the Nobel Peace Prize. The World Bank published
a new survey finding that the least amount of business regulation fosters
the strongest economies.
Iran has 9% of the world's oil and 15% of the world's natural
gas. It has a young, educated population and a long tradition of
international trade and craftsmanship.
|
Iran |
U.S. |
| Population (in millions) |
67 |
283 |
| People under 25-years old |
65% |
35% |
| Per-capita annual income |
$1,800 |
$37,000 |
| Annual rate of inflation |
25% |
2% |
| Unemployment |
18% |
6% |
The per-capita income of Iran
today is 7% less than that of the pre-1979 revolution.
|
How did "Persia" become "Iran" ?
In 1935, at the suggestion of Persia's misguided ambassador to Nazi
Germany, the country's name was changed to Iran. This was
during the heydays of Aryan supremacy and while the ambassador
believed that the word Iran meant "land of the
Aryans." And that's how Persia with its indelible aura of
past grandeur and glory, was suddenly and unwisely replaced by
Iran. Needless to say, Iran has always been the native name of
that ancient land.
t heGeneralist, a one-page monthly
publication of the accounting firm of A. R. Kakhsaz Company,
is in its ninth year of providing information, presented fairly and
accurately, from sources we can depend upon and trust.
U.S. corporations purchased $12 billion in European
assets during the second quarter 2003. That's despite the
weakness in the dollar.
Learn a modern Chinese phrase: Are you harboring a
fugitive? ........ "Hu Yu Hai Dingh"
An Aspirin a day can cut down on colon polyps,
but bleeding risks may outweigh benefits. Aspirin works at least as
well and possibly better than a costly alternative, ticlopidine, in
preventing recurring strokes.
Manufacturing jobs are disappearing around the
globe. From 1995 to 2002, more than 22 million factory jobs were
eliminated, a decline of more than 11%. And that's all due to
technological advancements and excess capacity. Here's the rates by
which manufacturing work-force has been eliminated:
| United States |
11 |
% |
| Brazil |
20 |
|
| Japan |
16 |
|
| China |
15 |
|
Remember 1999? Capital gains reported on individual
income-tax returns for 1999 rose 23% from the prior year to $531
billion as Americans reported 183 million capital transactions, up
28% from the prior year. That's according to the Treasury
Department.
We see more in numbers than just numbers…
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
|
