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A survey of what sorts of investments are the best over the long term has shown a string class divide, with wealthier Americans saying that stocks and real estate are the best, while poorer Americans insist on gold, according to CNN. Wealthy people are most likely to own their own homes, and 33 percent of homeowners believe real estate is the best choice for long-term investment; by contrast, 31 percent of those who make less than $30,000 a year say that gold is the
A recent study has found that dollar bills are really, really gross: scientists, analyzing $1 bills, have identified about 3,000 different types of bacteria on the money in your wallet, only 20 percent of which they could actually identify, as many of them have yet to be catalogued in genetic data banks, said the Wall Street Journal.
The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have announced that, despite initial assurances that their joint revenue recognition standard would be out by the end of the first quarter this year, codification updates necessitate the boards to push the release date closer to the end of May, said Compliance Week.
A study has shown that online mega-retailer Amazon.com loses a significant chunk of business in states where online sales taxes have been introduced, according to Bloomberg.
Property tax collections are at their highest level since the real estate crash that kicked off the most recent financial crisis, which has given municipalities the money to hire police, pave roads and conduct other improvements that had previously been too expensive after tanking real estate values drastically cut revenues, according to Bloomberg.
People like to live in states that have lower taxes: this is the observation that was developed by the author of the book How Many Walks, which tracks tax migration from 1992 to 2011 and shows how much wealth states gain or lose from people moving. What it showed was the states with higher taxes (such as New York, California, and Michigan) are in the process of losing wealthy residents to states with lower taxes (such as Texas, Florida, and North Carolina).
Did an accounting job open up that you want? You've got about a month, according to the Journal of Accountancy. This was the assessment after a staffing firm talked to 2,100 different CFOs about how long job vacancies remain open. The results showed that it takes, on average, about a month to fill an accounting job--four weeks for staff level jobs, and five for management.