Posts Tagged ‘federal revenue’

  • High Gas Price Control

    The Reason the Price of Gasoline Has That 9/10

    Apr 19, 14 • 364 Views • No Comments

    If you asked me how much I pay for gas, I would say $3.49 a gallon. Actually, though, the sign says $3.499. And that means, because the gas station rounds up, I am paying $3.50.  Doesn’t $3.50 sounds like a lot more? The 9/10 of a cent story begins in...  [read more]

  • Paying for citizenship and deficit reduction

    Unusual Ways to Achieve Deficit Reduction

    Apr 8, 14 • 226 Views • No Comments

    Hoping to diminish their country’s deficit, last year, Malta’s President and Parliament decided to sell citizenship. The price tag is $891,000 and the perk is that Malta is in the EU. Consequently, you get an island home with a back door leading...  [read more]

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    A Big VAT

    Nov 14, 10 • 267 Views • No Comments

    Dating back to the 18th century, the Chinese vase that a brother and sister found “in a dusty attic” sold for $69.5 million at a London auction. The NY Times called it a “treasure-in-the-attic” story. For us economists, it is a VAT...  [read more]