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Is the IRS Trust Fund Recovery Penalty in addition to original tax amount? For example, if the unpaid taxes were $2500, and I was accessed a TFRP of $2500, is the total due $2500 or $5000?
A Trust Fund Recovery Penalty equals the unpai d amount of witheld income tax and social security tax withheld by an employer from employees in trust for the government. Employer contributions, penalties and interest are not considered trust funds.When it is apparent that an employer cannot pay withholding taxes due, a Revenue Officer will conduct an investigation to determine who was responsible. A Trust Fund Recovery will be asserted against the responsible person or persons.
In the gun control debate, there seems to be a lot of bad data flying around. If we can't trust people to properly fill out a survey how are we going to address the issues?
It’s truly worse than you think! Read here from John Lott Jr.: Adam Lankford ‘botched• study claiming U.S. accounts for one-third of mass shootings:A shock 2022 study argued that the U.S. accounted for nearly one-third of all mass shootings, sparking global headlines about the dangers of an American gun culture.Now another researcher says the original study “botched” the data.John R. Lott Jr., president of the Crime Prevention Research Center, crunched the numbers and said his count shows that the U.S. had less than 3 percent of the world’s mass public shootings over a 15-year period.snipMr. Lankford, who claimed to be the first to attempt a global survey, said his results suggested there was something to the American psyche that left people disaffected when they failed to achieve the American dream. He said they turn to violent outbursts with firearms.“It may thus be the lofty aspirations and broken dreams of a tiny percentage of America’s students and workers • combined with their mental health problems, distorted perceptions of victimization, delusions of grandeur, and access to firearms • that makes them more likely to commit public mass shootings than people from other cultures,” he postulated in his 2022 paper.Yet he has failed to post the data on all 292 shootings. Early academic critics said it’s easy to find data for U.S. shootings but trickier for tracking incidents in foreign countries.Mr. Lott, meanwhile, turned to data from the University of Maryland’s Global Terrorism Database and followed up with Nexis and web searches to try to catch cases that the database missed.He said good data exist only for recent years, so he looked from 1998 to 2022 and found 1,491 mass public shootings worldwide. Of those, only 43 • or 2.88 percent • were in the U.S. Divide that by per capita rates, and the U.S. comes in 58th, behind Finland, Peru, Russia, Norway and Thailand • though still worse than France, Mexico, Germany and the United Kingdom.snip.He Lott has released a 451-page appendix detailing each of the shootings and his thoughts on how he classified it, and he shared his data with other academics, including, he said, Mr. Lankford.So, a sensational report detailing the terrible state of US Firearms Mass killing is issued and the source data? Never released, so no possibility of a Peer Review.A follow-up, with expanded & significantly more data (to the tune of 6x the number of data points) shows the total opposite. AND ALL OF THE DATA IS PUBLISHED IN A DETAILED APPENDIX SET!
Private Equity: Im going to start a fund for small start ups and franchises in East Africa. What books, journals websites can give a head start on all the lessons learned? My big question is figuring out how to build trust with entrepreneurs.
You probably should take a look at Venture Capital for Africa. Great platform to observe. Jason Njoku, founder of iRoko, recently stood up a VC firm, Spark Capital. It is focused on early stage ventures. He provides great insights on his Tumblr page:http://www.jason.com.ng/. I think both will get at your central question.
If people pay 6.2% of their paychecks towards social security, with that much money being poured into the program, then how is it possible that the social security trust fund is said to run out in about 20 years?
A2A: It's not going to run out, it will operate at a shortfall.There's 3 big reasons-all occurring at once:Baby Boomers. Reaching retirement age, or an age where disability is more prevalent,The Pill. Families weren't having as many children from the 60's on. This means fewer people entering the workforce and paying Social Security taxes,Increasing longevity. Benefits are being paid longer.Congress knew all of this, yet kept kicking the can down the road. Now we're reaching the end of the road. Social Security has been serving the public and keeping their promises for over 80 years, and will continue to do so.Congress will take action to ensure the continuing solvency of the program. Seniors are vocal and they vote.
How is this a scam? Friend got offered $40 (cash) to cash out a check for a stranger. The “to” line was blank and they told him to fill in his own name. How does this benefit the scammers once it gets deposited in his bank account? Who’s at fault?
Banks prvery quick ‘clearing• of checks so you can access the funds, but if you read the fine print the check hasn’t actually cleared until some considerable time later.So the Scam works like thisI pay you $40 to do me the favorI give you a check for $1000 for you to cash for me with the Payee blankYou fill in your name cash the check and see $1000 in you accountYou give me the $1000A week later the originating bank confirms the check is not valid and your bank reverses out the $1000Your bank charges you a bad check fee and suggests you contact me for paymentYou find out I have vanished up a net $960 of your money
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