June 2006

           

the  Generalist

www.arkcpa.com June 2006
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 taxpayers agree it's wrong to cheat.  How much, if any, do you think is an acceptable amount to cheat on your income taxes?

 

Year 2002 03 04 05
Not at all 86% 81% 86% 88%
All as possible 3% 5% 4% 3%
A little here / there 10% 12% 8% 7%

 • Promoting freedom and democracy has become the central theme of President Bush's second term, both as a justification for the Iraq was and as the President's vision of his long term legacy.

• The U.S. health industry delivers roughly equal but "equally mediocre" care by class and race, says a study in New England Journal of Medicine.

• The U.S. expects bird flu's arrival is inevitable and is planning accordingly, says the USDA.

• The number of U.S. factories decreased to 336,000 last year, as a part of a steady decline amid a sharp drop in creation of new plants.

• "Saudi Arabia of coal." That's what the U.S. is referred to with its vast domestic reserves of coal.  Here's how U.S. power plants fueled themselves to generate electricity in 2004:

Coal    50%
Nuclear    20
Natural gas    18
Hydroelectric    10
other     2

• As home sales start to slow in the U.S., some builders are casting a hopeful eye on Mexico, placing bets that a growing population of American and Canadian retirees will want to buy homes there.  Mexico is a growing opportunity for resort and retirement communities.

• Impotence can be a cardiovascular warning sign.  Men seeing a doctor for virility drugs should also get their hearts checked.

• 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 12th year of providing information, presented fairly and accurately, from sources we can depend upon and trust.

• Most married couples file their federal income-tax returns jointly, instead of separately.  Here's the number of tax returns filed in millions:

Year 2003 2002
Jointly 52 51
Separately 2 2

• Why do people say: "Oh you just want to have your cake and eat it too."  Damn right, what good is cake if you can't eat it?

• IRS Commissioner Mark Everson says his wife, Nanette, who stepped down last year from her job in the White House counsel's office, has since gone back to work as a general counsel at the Commodities Future Trading Commission.  "Like other American's." he says, "she realized she actually did not want to spend more time with the IRS Commissioner."

• Revenue's from advertising in the U.S.  Here's the 2005 estimates in billions of dollars:

TV 55
Newspapers 50
Direct mail 45
Magazines 24
Radio 21
Internet 10
Outdoor 6
Other       46
Total 257

• Taxpayer privacy is under pressure on several fronts as the IRS hires private bill collectors and Bush wants illegal immigrants tracked. 

• Don't sweat the petty things, and don't pet the sweaty things. 

• We see more in numbers 

than just numbers...

Ali R. Kakhsaz, CPA, MAcc

www.arkpca.com

 

 



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