SORT BY Relevancy
The Federal Reserve Act (enacted December 23, 1913 signed into law by president Woodrow Wilson) was purportedly designed to aid in:
1. Conducting the nation’s monetary policy by influencing monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates.
2. Supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system, and protect the credit rights of consumers.
3. Maintaining stability of the financial system and containing systemic risk that may arise in financial markets.
4. Providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system.
The Origins of Fractional Reserve Banking
In XVIth century England people who had gold would deposit it with goldsmiths for safekeeping. In exchange they got a signed receipt guaranteeing that they could retrieve it. The value assigned to that note backed by the gold in the goldsmith’s vault made it possible to use it for payment.
That means if A deposited £10 worth of gold and had in his possession a receipt he could settle his debt with it. That receipt, actually a promissory note, became money. The person who took it in payment could either use it as is, or at some later point retrieve the gold in the goldsmith’s keeping.
At the same time B borrows £10 worth of gold from the goldsmith but receives a promissory note. He settles his debt to C with that note. Now there are two notes in circulation for one amount of gold. The goldsmith issues further notes, knowing that all claims would not have to be honored at the same time.
In this episode we will be going through all the different options availble for federal student loans. Also we will be discussing how student loans today are hindering consumers buying power.
Go to your county court house and register the business in your name.
It will look like this.Mary Jane, DBA, Discount Fashions.
DBA= Doing Business As.
Doing this is no different than the way you are operating at present, regarding income taxes.All profits are considered personal income.
You will purchase a license, renewable each year and you may obtain a SalesTax certificate. Any sales tax collected will be sent to the state to which you ship merchandise, if that state requires tax on internet purchases.
You can see that you'll have to know the tax rate for any state that requires this.
With a sales tax certificate, you can purchase wholesale without paying sales tax.OR, you may choose to pay sales tax at the wholesale level, and have no tax to pay to states, with no tax certificate. You may already be doing this. It is legal to do this and add, charge sales tax on your retail price, if in your own state. Most states do not require tax on out of state shipments. (This all depends on how you are operating)
Laws on internet sales may change at any time, so you need to keep informed.
You will have to keep records and submit operating statements in order to substantiate your earnings for income tax purposes.Open a bank account in the business name, (CRS Radio). Pay all purchases, expenses and any draws that you take from that account.Don't intermingle personal money with the business.
Federal judge halts Obama's amnesty ,Dictator in chief' unleashes newest attack on guns, wants to ban 223 ammo, State called out for giving abortionists unauthorized millions, Spy agencies fund climate research in hunt for weather weapon, scientist fears , New Chinese electromagnetic weapon may paralyze US air defense: expert
The Justice Department announced today that the independent federal investigation found insufficient evidence to pursue federal criminal civil rights charges against George Zimmerman for the fatal shooting of Trayvon Martin on Feb. 26, 2012, in Sanford, Florida. Prosecutors from the Justice Department’s Civil Rights Division, officials from the FBI, and the Justice Department’s Community Relations Service met today with Martin’s family and their representatives to inform them of the findings of the investigation and the decision.
The Chicago police department operates an off-the-books interrogation compound, rendering Americans unable to be found by family or attorneys while locked inside what lawyers say is the domestic equivalent of a CIA black site.
The facility, a nondescript warehouse on Chicago’s west side known as Homan Square, has long been the scene of secretive work by special police units.
Muslim rape-gang cover-up exposed -, holding federal funds hostage for amnisty, - Security confab focuses on ‘collapse of global order’- Obama’s Transformed Middle East Burns - The real culprit in measles outbreak,- Ben Carson: No exemptions on immunizations,- AG nominee eyed in massive Obama cover-up,- School grilled kids on parents' views of 'gays' - Obama Defends Free College: ‘No Such Thing As a Completely Free Lunch’- North threatens to nuke U.S. in a broad campaign - China Warns Korea Against U.S. Missile Defense - 'Held at gunpoint': Scandal rocks biggest Christian network - Health insurer Anthem hit by massive cybersecurity breach
Join Mat Sorensen as he hosts the show today and talks about Raising Capital for your Business Now and Not Waiting for Crowd Funding with Jarom Bergesen. Jarom is an attorney at KKOS Lawyers helping clients around the country with SEC regulatory funding, partnerships, loans and other options to raise capital for your business. There are lots of options when funding your business and you don't need to wait for approval of Federal Crowdfunding which has been stalled by the SEC. Catch the weekly tax and legal tip as well as this important discussion to help you finance your business. Tuesday, February 17th at 11am PST / 2 EST. You can call in and listen LIVE on the road at 646-200-4285, or listen in here from your computer.
In this blog Gregory Evans talks about how you can protect your identity, your kids identity, fight cyberbullying, and increase your business by taking business from your competitors.
"You have to register your personal domain name and all your business domain names like the .com, .net, .org or your competitors or that bully that does not like you will", says Evans.
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