Denominator Blindness in IRS Audits This graph again demonstrates Denominator Blindness, now in IRS audits. Looking at the above graph, the average person would think that those at low income are most likely to be audited by the IRS. […]
What is the denominator on our 28T national debt? I am worried that the national debt has hit 28T. But consider personal debt. Someone who owes $28K may have a lot of debt or not, depending on the denominator. […]
How Much do China, Mexico, and Canada Own? USD, Gold, Treasuries, and U.S. Equities Our frenemy trading partners—China, Mexico, and Canada—own U.S. dollars, treasuries, and equities. How much? Who owns more of the U.S. than the others? Let’s look […]