Government Repeals Tax on Long Distance Telephone Usage

My mom sent me this article about the IRS rescinding a more than 100-year old tax on "telegraphs and telephones." People will no longer have to pay a long distance tax and they can apply for a refund of all taxes paid since February 2003.

I'm guessing if you use Turbo Tax or Taxcut, this will be built in. The article can be found in the comments section.

More Millionaires Now than Ever

According to this article, there are now close to 9 million millionaires in the world. More interesting (but not surprising if you know about millionaires) is that they are investing aggressively in emerging markets around the world.

The ultra-rich (more than $30 million net worth) topped 85,700 around the world and grew at a faster pace than the overall number. The article points out that the fastest growing area is the Middle East and the leader is Dubai. Why? Low barriers to entry, no unions, cheap startup costs and no taxes.

Jim Cramer Crazy?

Interesting article here about how Jim Cramer, of CNBC, may have lost his mind.