Our Tax System: Higher Audit Rates for Lower Income Taxpayers

Paul Caron:

The Transactional Records Access Clearinghouse (TRAC) of Syracuse University reports  today that only 30 of the nation’s 180,000 plus millionaires were subject to face-to-face audits in FY 2005. When only traditional face-to-face audits are considered, those reporting less than $25,000 in total positive income were six times more likely to be audited than all those reporting $200,000 or more in income. IRS continues to withhold from TRAC statistical data it has made public in the past that might explain the aberration.

Surfing Faster

Leila Abboud:

For years, France’s telecommunications industry was a state-owned monopoly with one of the world’s most backward broadband markets. But thanks to deregulation six years ago, French consumers have access to high-speed Internet service that is much faster and cheaper than in the U.S.

One telecom company in particular has exploited the changes and created competition in France — a start-up called Iliad. Over 1.1 million French subscribers pay as low as €29.99 ($36) monthly for a “triple play” package called Free that includes 81 TV channels, unlimited phone calls within France and to 14 countries, and high-speed Internet. The least expensive comparable package from most cable and phone operators in the U.S. is more than $90, although more TV channels are generally included.

Making a Market in Talent

Lowell L. Bryan, Claudia I. Joyce, and Leigh M. Weiss:

Savvy companies understand the competitive value of talented people and spend considerable time identifying and recruiting high-caliber individuals wherever they can be found. The trouble is that too many companies pay too little attention to allocating their internal talent resources effectively. Few companies use talented people in a competitively advantageous way—by maximizing their visibility and mobility and creating work experiences that help them feed and develop their expertise. Many a frustrated manager has searched in vain for the right person for a particular job, knowing that he or she works somewhere in the company. And many talented people have had the experience of getting stuck in a dead-end corner of a company, never finding the right experiences and challenges to grow, and, finally, bailing out

Evacuating a 900+ Seat Airplane in 90 Seconds

Kieran Daly:

It’s Sunday morning and as usual I’m wearing a numbered bib and doing agility tests in an aircraft hangar with 1,000 Germans I’ve never met before!

As you’ll have guessed, the one thing we had in common is that we all thought it sounded interesting to be a volunteer in the first – and probably only – evacuation trial of the A380.

So here we are on a miserable, wet airfield in one of the biggest hangars in Europe at Airbus’ Finkenwerder production facility next to the River Elbe.

I’m number 873, proud of it, and with a white bib numbered in black to prove it. We hand in everything in our possession which, though I don’t realise it then, is going to make the next five hours pass very slowly indeed.