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10 Monday AM Reads
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10 Monday AM Reads

The Big Picture·Barry Ritholtz·about 1 month ago
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#ritholtz#strong#reads#article#video#ama
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My back from SF morning train reads: • America’s New Tax Mantra: ‘The IRS Isn’t Going to Catch Me’ Gut IRS staffing, watch tax compliance collapse. The battered Internal Revenue Service shed thousands of enforcement employees—and more taxpayers appear eager to cheat. This isn’t a surprise — it’s a choice, and the honest taxpayers pay for the cheaters. ( Wall Street Journal ) see also Our Tax System Should Make You Furious . A lot of us were doing our taxes in the final days leading up to it — not naming any names. But let’s start here: If you’re a normal person, what kind of taxes do you pay? ( NY Times ) • ‘There is only one QQQ,’ prays Invesco . From the outside, it’s hard to shake the feeling that Nasdaq’s willingness to permit direct competitors to QQQ in the US is linked to the ETF’s new structure. ( Financial Times ) • A New Kind of Hybrid Car Is About to Hit America’s Streets: Extended-range EVs are the automotive industry’s answer to range anxiety.…

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