Cointime

Cointime

Download App
iOS & Android
Home / Point

Department of Government Efficiency (DOGE): US tax code must be simplified

official X account of the Efficiency Department (DOGE) of the government released a tweet: In 1955, the US tax law was less than 1.5 million words. Today, the number of words has exceeded 16 million. Due to this complexity, Americans spend a total of 6.5 billion hours preparing and filing taxes each year. This must be simplified.

Comments

All Comments

Recommended for you

  • Meta Platforms (META.US) Reverses Pre-Market Decline, Currently Up Over 2%

    On September 14, Meta Platforms (META.US) reversed its pre-market decline and is currently up over 2%.

  • Strategy Repurchases $139 Million in STRC, Holds 845,050 BTC and $6.4 Billion in USD Assets as of September 13

    On September 14, it was announced that Strategy (formerly MicroStrategy, stock code: MSTR) Executive Chairman Michael Saylor disclosed that the company has repurchased $139 million worth of STRC. As of September 13, 2026, Strategy holds 845,050 BTC and $6.4 billion in USD assets. Saylor also revealed credit metrics: the duration of USD assets is 3.9 years, and the BTC credit spread for STRC is 57 basis points, assuming an annualized BTC return of 10%, BTC volatility of 40%, and a BTC price of $77,266.

  • Google Pre-Market Rises 1.65%

    On September 14, Google-C (GOOG.US) pre-market rose by 1.65%, reaching $340.97.

  • Economist Shocking Prediction: US Economy and Stock Market to 'Crash' in 2027, Nasdaq to Fall Back to '10,000' Level

    On September 14, the polarized economy and the artificial intelligence (AI) bubble are sowing the seeds for the next economic collapse. This warning comes from Danish economist Henrik Zeberg, who believes that the US economy and stock market will experience a rollercoaster of volatility in the future. He predicts that the stock market will face a significant 'top crash' before the end of the year, with stock prices plummeting from high levels and the economy entering a recession. In a recent interview, he stated that if events unfold as his model predicts, the Nasdaq 100 index could soar to 39,000 points by the end of 2026, an increase of about 33%, before crashing back down to around 10,600 points, which is the low point of 2022. 'I think we will see a scenario similar to that of 2000,' said the macro strategist from investment firm Swissblock, speculating that the market crash could trigger broader crises in the financial system, such as in the banking and private credit sectors. 'I believe the consequences of the AI bubble bursting will be quite severe,' he added.

  • Musk: Grok 5 May Surpass All Current Products

    On September 14, Musk stated on social media that Grok 4.7's level should be roughly equivalent to Opus 5.0, rather than 5.1. It performs better in some areas and weaker in others. We need to improve multimodal performance. Grok 4.8 will bring significant enhancements. Grok 4.9 may reach Astra/Fable levels. Grok 5 may surpass all current products. We will wait and see. (Jinshi) Musk also mentioned in response to a user on social media that Grok 5 will aim for AGI capabilities.

  • Japanese NAND Giant Kioxia Considers US IPO to Raise $10 Billion

    On September 14, market news reported that Japanese NAND giant Kioxia Holdings is considering an initial public offering (IPO) in the United States to raise $10 billion. The company is in discussions with Bank of America, Goldman Sachs, and JPMorgan Chase to seek greater liquidity in the US market.

  • Iran Increases List of Violating Vessels to 77

    On September 14, Iran's 'Persian Gulf Maritime Administration' announced that it has updated the list of violating vessels, bringing the total number of ships on the list to 77. The relevant vessels will face restrictions on passage in the future, including fines, detention, or confiscation. Warnings have been issued to insurance companies, P&I clubs, and classification societies, advising them not to provide services to these vessels to avoid related consequences from engaging in business with them. (Jinshi)

  • Spot Gold Falls Below $4,300 Again

    On September 14, spot gold and silver prices declined in the short term, with spot gold dropping nearly $20 to fall below $4,290 per ounce, a decrease of 1.37% for the day. Spot silver also saw a short-term decline of $0.6, currently reported at $62.69 per ounce.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,010, with a 24-hour increase of 1.62%. The market is experiencing significant volatility, so please ensure proper risk management.

  • South Korea's Securities Trading Platform Expands After-Hours Trading to 8 PM

    On September 14, the Korea Exchange officially launched after-hours trading, effective from Beijing time on September 14. The regular trading hours remain from 9 AM to 3:30 PM. With the implementation of the new system, investors can continue trading until 8 PM after the regular market closes. Regarding pre-market trading, the Korea Exchange has postponed the launch of the pre-market due to feedback from the securities industry about the significant burden of IT system development and personnel operations, now scheduled for the end of 2027. Concerning the market's interest in whether Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) will be included in after-hours trading, the Korea Exchange stated that, due to concerns about market volatility, ETFs and ETNs will not be included in after-hours trading for the time being. (CCTV Finance)

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company