US dollar

2005-04-11T16:02:00Z

I was wondering why the US dollar didn’t continue to slide this year. I figured it must have been the bad European economy. The actual answer is that the US quietly passed a law allowing companies with money in foreign tax shelters to “repatriate” their funds for one year at a tax rate of 5.25% rather than the usual 35%. Wouldn’t you like to be taxed at 5.25%?

I wonder how many more cards the US can play before their country goes USSR?

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