| 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
|
Japanese auto makers produced and sold more
vehicles overseas than at home for the first time ever in the fiscal year
ended March 31, 2006. They produced 10.93 million vehicles abroad,
while they made 10.89 million vehicles in Japan.
Corruption in Iraq's
reconstruction -described by U.S. officials as
the "second insurgency" - is costing at least $4 billion a year.
Iran:
More than 80% of Iran's export revenue comes from crude oil and natural gas.
It pumps about four million barrels a day. That's nearly 5% of global
output. It exports 2.5 million barrels a day - exceeding Iraq's entire
output. Iran traded mostly with the following countries in 2004:
(Amounts in billions of U.S. dollars)
|
|
Exports |
Imports |
|
Japan |
7.5 |
1.2 |
|
China |
3.7 |
2.8 |
|
Italy |
2.5 |
3 |
|
France |
1.6 |
3.2 |
|
Germany |
0.4 |
4.9 |
|
U.S. |
0.1 |
0.1 |
|
Russia |
0.1 |
2.1 |
|
U.K. |
0.1 |
0.9 |
Iran imports more than a third of the gasoline it
uses as it does not have enough refineries to produce all of its gasoline
needs.
Excerpt from a court
proceeding:
Q: Doctor, how many autopsies have you performed
on dead people?
A: All my autopsies are performed on dead people
Ranking in the top with the
IRS:
Here's the minimum Adjusted Gross Income of
the top echelons of taxpayers:
|
(Amounts in $1,000) |
|
|
|
Year |
2003 |
2002 |
|
Top 1% |
295 |
285 |
|
Top 5% |
130 |
127 |
|
Top 10% |
95 |
93 |
Two-thirds of students
borrow money to go to college. They owe an average of $19,000 at
graduation.
For more of the Generalist, please visit our website
at ARKCPACOM.
|
the
Generalist,
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.
Social Security
(Part 1 of 4): In the early 1980s, in order to meet at
potential shortfall in funding, Social Security revised the "Full
Retirement Age" schedule, spreading out the age at which U.S.
workers could receive full benefits from the system. However,
the ability to draw early benefits at age 62 did not change.
But be aware that if you decide to draw early benefits at age 62,
you will receive your benefit-payments at a discounted rate
throughout your life.
In the table below:
Column (1): Full retirement age
Column (2): % of full benefit, if you choose to receive payments
starting at age 62
ms: months.
|
1937 or earlier |
65 |
80% |
|
1938 |
|
65+2 ms |
79.2% |
|
1939 |
|
65+4 ms |
78.3% |
|
1940 |
|
65+6 ms |
77.5% |
|
1941 |
|
65+8 ms |
76.7% |
|
1942 |
|
65+10 ms |
75.8% |
|
1943-1954 |
|
66 |
75% |
|
1955 |
|
66+2 ms |
74.2% |
|
1956 |
|
66+4 ms |
73.3% |
|
1957 |
|
66+6 ms |
72.5% |
|
1958 |
|
66+8 ms |
71.7% |
|
1959 |
|
66+10ms |
70.8% |
|
1960 and later |
67 |
70% |
Some 50% of men and 60% of women take their Social
Security benefits at age 62. But is that a good idea? We
will continue this discussion in subsequent issues of the Generalist.
The average annual
medial cost for a family of four
participating in a PPO health-care plan rode 9.6% in the past year
to $13,400.
The United States
is trying, with difficulties, to pressure Iran financially by
restricting its dealings with the European countries and banks!
We see more in numbers
than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
|
