| 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
|
Baby boomers: Those who were born between
1946 and 1964: There are 77 million of them in the U.S. Half
of then are at age 50 or older. Their average life expectancy is at
an all-time high of 77.4 years. Less than 20% of them say they see
themselves stop working as they age. Of those who plan to keep
working, 67% say they'll do so to stay mentally active, and 57% say to
stay physically active. People age 50 to 60 have more than a
trillion dollar or spending power a year. They're likely to be
vigorous consumers as they take on new jobs, relocate, support children
they had in their 40s, start a second of third career, remarry, inherit
money from their savings-minded parents, pursue new hobbies, and tackle
the health issues of aging.
Is there ever a day that mattresses are
not on sale?
"Not since 1986
have the conditions pressing toward dramatic change in our
tax system been this compelling," says a new report by the American
Institute of CPAs.
The average individual federal
income-tax refund rose again in 2005 to $2,126 from $2,081 the year
before. But fewer people got refunds:
|
2005 |
2004
|
| Total number of refunds (in millions) |
99 |
100 |
| Total dollar amount (in billions) |
210 |
208 |
the average age
for marriage is a year older in the U.S., than a decade ago. Couples
on both East and West coasts get married later than elsewhere in the U.S.
.eu
: the EU has now launched its own Internet domain-name extension.
Knocked down trees
valued at $3.3 billion must get to market before they rot.
Hurricanes Katrina and Rita toppled forests as far as 50 miles inland,
from Texas to Alabama. The wood is enough to build one million
homes.
For more of the Generalist, please visit our website
at ARKCPACOM.
|
theGeneralist,
a one-page monthly publication of the accounting firm of A. R.
Kakhsaz Company, is in its 12th year of providing information,
presented fairly and accurately, from sources we can depend upon and
trust.
Why do we press
harder on a remote control when we know the batteries are getting
weak?
Central banks
are signaling that an era of low interest rates is coming to an end
amid incipient inflation world-wide.
Why doesn't Tarzan
have a beard?
The United
States is saturated with 900 million
credit, charge and debit cards. Credit-card payments increased
at an annual rate of 6.7% from 2000 through 2003, but the growth
rate is now expected to taper off, according to the Federal Reserve.
Gold rose
to $514.30 an ounce last month, the highest since April 1981.
Housing market
weakens: Below is the change in the
number of contracts signed in last october to purchase homes
compared with the year earlier:
| Entire U.S. |
-8% |
| Southwest |
+1 |
| Southeast |
-2 |
| Northeast |
-7 |
| Midwest |
-7 |
| Mid-Atlantic |
-8 |
| West Coast |
-14 |
The reasons sited for the slowdown are rising mortgage rates,
higher energy costs, fear of housing bubble and a surge in the
number of houses for sale.
Why doesn't glue
stick to the bottle?
Digital radio is
on its way: it will provide clearer radio signals and will allow
having more stations on the dial.
We see more in numbers
than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
|
