This past week, Google completed its acquisition of the hardware maker Motorola Mobility for $12.5 billion, which could lead to the search giant’s making its own smartphone. But another software titan might be getting into the hardware game as well: Facebook.
Employees of Facebook and several engineers who have been sought out by recruiters there, as well as people briefed on Facebook’s plans, say the company hopes to release its own smartphone by next year.
“Mark is worried that if he doesn’t create a mobile phone in the near future that Facebook will simply become an app on other mobile platforms,” a Facebook employee said.
Gov. Sam Brownback’s signing of the new Kansas Tax Act on Tuesday was a historic event. The act will shape the lives of Kansans for many years to come.
The nonpartisan Legislative Research Department has estimated that the act will reduce Kansas government revenues by $4.5 billion over the next six years. Inevitably, there will be major reductions in the government services Kansans have come to expect — especially education.
Equally important, the act dramatically changes the Kansas tax system, shifting the income tax burden from the wealthy and prosperous to working people. The act provides that all income of business owners is tax-free (except in the unusual case where a regular corporation is used). Although the act was promoted as a boost to small business, there is no limit on the size of business that can be exempt from tax.
Who will still be paying Kansas income tax? Only three groups: 1) employees, 2) some retirees and 3) individuals whose investments are so modest that they cannot afford to create a trust or partnership to shelter their investment income.
You know the difference is between Greece and the US?
Greece just has people avoiding paying the taxes they owe. The US has the people who owe big taxes rewriting laws so they no longer legally owe taxes at all.
With nothing more than ledgers of stolen identity information — Social Security numbers and their corresponding names and birth dates — criminals have electronically filed thousands of false tax returns with made-up incomes and withholding information and have received hundreds of millions of dollars in wrongful refunds, law enforcement officials say.
The criminals, some of them former drug dealers, outwit the Internal Revenue Service by filing a return before the legitimate taxpayer files. Then the criminals receive the refund, sometimes by check but more often though a convenient but hard-to-trace prepaid debit card.
A GERMAN 16-year-old has become the first person to solve a mathematical problem posed by Sir Isaac Newton more than 300 years ago.
Shouryya Ray worked out how to calculate exactly the path of a projectile under gravity and subject to air resistance, The (London) Sunday Times reported.
The Indian-born teen said he solved the problem that had stumped mathematicians for centuries while working on a school project.