| 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
|
•
More life / more goods: over the 20th century,
U.S. life expectancy at birth increased from about 50 years in 1900 to
about 77 years by 2000. Over this same period, the consumption of
goods other than health care in the United States increased from
about $4,000 per person in 1900 to about $20,000 per person in 2000.
In 1960, the share of U.S. GDP spent on health care costs was only 5%, but
by 2002, it had climbed to more than 14%. The U.S. spends about 15%
of its GDP on health care costs today. And needless to say, so much
of such costs are due to waste and fraud in the health care system. •
A tax-free way to stay healthy and wealthy: Set
up a Health Savings Account. Congress wants to give you the
opportunity to take charge of your own health costs. The HSA works
like a trust. Your contributions into the trust are tax deductible
and your later withdrawals of the unused sums invested will be
tax-free. It's somewhat like you combine the best features of a
traditional and a Roth IRA accounts. It's a good thing, I
believe. Go for it.
• How
much does it cost to sell a car in the
U.S.? Here's the average spending in June on marketing per vehicle
sold:
| General Motors |
$4,500 |
| Chrysler |
4,000 |
| Ford |
3,900 |
| |
|
| Mitsubishi |
3,400 |
| Hyundai |
2,900 |
| Mazda |
2,200 |
|
|
| Volkswagen |
2,200 |
| Nissan |
1,900 |
| Honda |
1,200 |
|
|
| Toyota |
1,100 |
• A prison inmate filed
700 bogus income-tax-returns, claiming $3.5 million in phony
refunds. With the cash, "I bought new shoes, a color TV, a jam
box and lots of drugs." Prison inmates received some $15
million in false tax refunds in 2004.
•
For more of the Generalist, please visit our website
at ARKCPA•COM.
|
• theGeneralist,
a one-page monthly publication of the accounting firm of A. R.
Kakhsaz Company, is in its 11th year of providing information,
presented fairly and accurately, from sources we can depend upon and
trust.
• Circumcision reduces
risk of AIDS by 70%, found French and
South African researchers. Other than abstinence and safer
sex, almost nothing has been proved to reduce the sexual spread of
HIV, the virus that causes AIDS.
• The future as
mentioned by politicians:
The future
is now !
The future
ain't what it use to be !!
The future
will be better tomorrow !!!
• Sources
of the federal government's revenue: most of the U.S.
government's revenue comes from individual income taxes and
employment taxes. Here's the sources of revenue in 2004:
| Individual income taxes |
44% |
| Employment taxes |
41 |
| Corporate income taxes |
11 |
| Excise taxes |
3 |
| Estate / gift taxes |
1 |
• The IRS has
begun hiring more criminal investigative special agents.
• President Bush is to issue a
directive authorizing the military to put arms in space and target
enemy satellites to maintain U.S. dominance.
• The happiest people don't have
the best of everything, they just make the best of everything.
• French President Chirac saying
of British: "The only contribution they have made to
agriculture is mad cow."
• You are from California if (Part
7 of 7)
Both you and your dog have therapists,
The Terminator is actually your governor! And
You can't remember . . . Is pot legal?
•
We see more in numbers
than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
|
