Music. I'm about to tell you some unconventional wisdom, alright? I called my talk today "The Real Truth about the 2008 Financial Crisis." So, what I asked you to do this morning is think about what you believe the conventional wisdom is about 2008. And, if any, I'm going to put some words in your mind or describe it this way: most people believe that the free market capitalist system, especially bankers, are greedy. They go through periods of excess speculation and then the world collapses, and the government has to come in and save us. And by the way, this is the story that was told about the Great Depression, and it is also the story that is told about the 2008 financial crisis. Now, before I get into the meat of my presentation, I want you to think about something else. And that is that the Federal Reserve controls the level of short-term interest rates in our economy. Everybody knows that today they're holding those interest rates at %. Trying to get the economy moving again. What lots of people don't remember is that back in 2001, 2, and 3, the Federal Reserve dropped interest rates to 1%. I want you to think about this because when you make a decision to take out a loan, when you make a decision to buy a house, what is the most important ingredient of that decision? I mean obviously, whether you have income, whether you like the house. But one of the most important ingredients of that is the level of interest rates. And Alan Greenspan pushed interest rates down to 1 percent in 2003 and 2004. In fact, interest rates were below inflation for almost three years, below the rate of inflation. Now, how do you think about this? When you're...
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Rev rul 2024 18 Form: What You Should Know
This Notice contains a summary of the Revenue Rulings that provide tax relief to taxpayers on some taxable partnership income and the related Forms 1065 and 1040ES. It is available at. Sep 18, 2024 — Interest on Underpayments. This Notice provides a tax relief for taxpayers on underpayments under section 7602 of the Code. The Notice provides an advance copy of the IRS notice describing section 7652(c), which provides a relief of more than 100,000 of the overpayment. This Note is available at. Sep 15, 2024 — Interest on Overpayments. This Notice provides an advance copy of the Revenue Ruling that provides an overpayment of tax of 400,000. This Note is available at. Sep 7, 2024 — Revised 2024 Form 1065 Returns and Extensions. This Notice clarifies the applicable tax year for income reported from a real property investment trust, by revising 2024 and 2024 form 1065 Forms. This Note is available at. Sep 1, 2024 — Rev. Run. 2020-21. 2/17/20 — Tax Relief on Taxable Partnership Income. This Notice provides additional relief for taxpayers on taxable partnership income, and changes current regulations. This Note is available at. Aug 20, 2024 — Notice of Proposed Rule making. The Secretary of the Treasury has proposed new regulations for the treatment of partnerships and related taxable entities under section 877 of the Code. The IRS is seeking public comment on these final regulations by September 1, 2018. For more information about how to comment on the proposed regulations, please visit the notice on the Department of the Treasury website, Jul 17, 2024 — Notice of Proposed Rule making.
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