Are you planning a mortgage loan? If so, you need to calculate the EMI of your home loan in order of priority. To get a smooth payment history and clean track record, you need to get the correct EMI amount with the Home Loan EMI Calculator.
What is an EMI Home Loan?
A home loan is an installment loan that is repaid in monthly installments. The monthly payment for a home loan is EMI. EMI is the same monthly payment you must pay to complete your home loan payments over the life of the loan. The EMI payment scheme makes it seamless and hassle-free. Paying off all at once is not a good idea because it will be a burden for most people. Therefore, people choose EMI circuits.
EMI Home Loan Components
EMI home loans include a variety of components. The amount of EMI that you pay each month includes various components such as interest rate, tenor, and principal. These items count towards the EMI home loan.
Principal Loan Amount: The principal amount of the loan is the amount borrowed to pay for the property. EMI depends on the principal cost of the loan. If you take 90% of the property's value as a home loan, the EMI will always be very high. The principal amount of the loan is divided by the number of months in the loan term. Thus, the principal amount of the loan affects the amount of EMI. If you borrow a large amount, the EMI will be very high.
Loan term: The term of the home loan is determined by the lender and the individual. The loan term determines the EMI amount of the home loan. If you choose a long-term loan, your monthly EMI will be lower. This means you can pay a small number of monthly payments each month. If you need to pay off your loan quickly, you can choose a short-term loan. This will help you choose the right opportunity.
Interest Rates: Interest rates are an important factor influencing the size of the EMI. If you get high interesthigh-interest rates, the EMI home loan will always be high. This is a variable component that depends on the eligibility criteria and the financial institution. Make sure you set the right interest rate that doesn't make your EMI loan expensive.
EMI home loan calculation
If you take out a home loan, you will need to calculate your EMI using the correct formula. This will help you calculate the EMI amount of your home loan based on the correct formula. To calculate it accurately, you can always use the EMI Calculator, which offers instant and 100% accurate EMI amounts. Here's the EMI calculation formula to help you get the amount of EMI you need to pay each month:
The mortgage formula calculation P x R x (1+R) N/[(1+R) N-1] is EMI. Where,
P stands for the principal amount of the home loan.
N means the loan term in months.
R stands for monthly interest rate.
EMI = 40,000,000 0.005 1 * 0.005 * (240 + 1) 0.005 / 240 + 1) 28,657 – 28,657 = 0.005
How to choose the right amount of EMI?
Choose the right principal amount to make it easier for you to pay. If you choose the right loan amount, it will not be a burden for you. Make sure you borrow the right amount so it doesn't become a burden for you. If you choose the right principal amount, the EMI home loan is right for you.
Get the right loan term that makes your EMI suitable for you. The term of the loan should be determined based on your ability to repay each month. If you need low monthly payments, you need to take out a long-term home loan. Short-term loans will always have a high EMI, making them difficult to repay.
Take care of all the hidden costs that are included in the home loan. Compare all loan providers to find the right home loan that offers the lowest hidden fees. Hidden costs can be included in the monthly bill and make it expensive. Therefore, choose a loan provider after checking whether the financial institution has hidden fees or not.
Use the online EMI loan calculator to calculate your monthly payments. Using a calculator will always give you the exact monthly payment amount, which you can change by changing your monthly EMI component.
Summarizing
Whenever you take out a mortgage, make sure you use the EMI Home Loan Calculator. It is always better to search the market for affordable mortgage rates. Meet your loan eligibility criteria and choose the right loan provider to get the best price.
Im4U Februari 06, 2022 New Google SEO Bandung, Indonesia
Know how to calculate the EMI of your home loan
Posted by Daftar Alamat Lengkap on Minggu, 06 Februari 2022
The United States is among the top five countries in the world where the cost of medical services is considered the most expensive. What can we say about visitors, if citizens often do not receive emergency care due to the lack of opportunities to pay for it.? For minimum insurance for each family member, you have to pay $400-500 per month. Exorbitantly priced insurance policies are not for everyone. There are quite a few cases where medical assistance is not provided due to a lack of funds, but all of them are not against the law.
Contents:
Types of health insurance in the US
How United States Health Insurance Works
Health insurance costs in the US
What you need to know when buying an insurance policy in the United States
About insurance for children under 18 years old
Free insurance for retirees and the poor
Why do you need health insurance when traveling to the US
Order of payment for insured events
Types of health insurance in the US
There are many types of insurance in the United States. The largest insurance companies are:
cigarette;
Blue Shield Blue Cross;
UnitedHealthcare;
National anthem
There are not only types of insurance, but also plans for their financial support:
type of insurance - EPO, HMO, PPO;
plans - bronze, silver, gold, platinum.
According to the EPO, insured patients will not be able to receive treatment at all clinics, but only at the clinics specified in the contract. It does not cover patient referrals to private practice.
HMOs, limit the patient's choice to one primary care physician (PCP, Provider, Primary Care). Only this specialist can refer the patient to another doctor. In this case, the insurance will cover the prescribed treatment.
READ MORE: insurance direct line
PPO is the easiest option for choosing a doctor, but it also has its limitations. The service will be cheap if the doctor chosen by the patient has an agreement with this insurance company (on the network). If there is none (outside the network), the treatment will be much more expensive.
Insurance companies have many insurance options. Without special training, it is difficult to choose the right option. To do this, you need to have a certain set of concepts:
Premium - the number of monthly insurance payments;
D deductible - the number of advance payments for medical services until they are covered by insurance;
Co-payment - a fixed payment amount for medicines, medical services, or doctor visits;
Co-insurance - the percentage between the patient and the insurance company to cover costs (starts operating after the final deductible payment).
Out-of-pocket limit - funds spent from your own budget for the year, the payment of which you can rely on 100% coverage of their insurance;
Annual limit - the limit covered by medical expense insurance throughout the year.
How United States Health Insurance Works
If an insured person needed $100,000 surgery, their health insurance plan would look like this:
$ 2,000,000 - annual limit;
$3,000 - out-of-pocket limit;
20% - joint insurance;
$1,000 - deductible;
$1,000 is deductible.
This means that during the insurance year:
Patients donate $200 every month.
He paid himself the first thousand for medical services (minus $1000).
After payment (deductible), will begin to be paid (insurance): the percentage of the insurance company (80%) and the percentage of patients (20%).
This order will expire when the insured reaches an amount equal to the maximum spending limit provided for that year from his own budget (out-of-pocket limit) of $3,000.
Insured pays: $1,000 deductible + $2,000 co-insurance = $3,000 paid in full. This means that the insurance will now cover the remaining $97,000. It will continue to cover the insured's needs until it reaches the (annual limit) of $2,000,000. For many plans, the annual cap has been removed since 01.01.2014.
READ MORE: health insurance premiums
Some plans implement payments on a co-pay basis, which means a fixed amount for medical care. If the patient pays $30 for a doctor's appointment, the costs are covered using 2 options:
The company will pay an additional $170 if the cost of the visit is $200.
The Insured will pay $30 and will pay until the deduction is reached. He and the company cover a percentage until the out-of-pocket is reached, after which the company covers all bills in the amount of 100%.
Health insurance costs in the US
The cost of insurance contracts is different. They range from $150 to $500 per month. The final price consists of the following components:
income of one person (family);
type of insurance plan;
country;
medical history;
district;
age.
An American family (4 people) must pay up to $1,000 per month. Many families cannot afford this amount. In some cases, they are assisted by employers who partially or wholly sponsor health insurance for employees and their families, but at a higher cost. This option will be more profitable than buying it on the market. The terms of payment by the employer do not release them from their own budget until the completion of their deductible. Only after that, the company will start paying the percentage due for patient care.
Apa yang perlu Anda ketahui saat membeli polis asuransi di Amerika Serikat
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The total number of insurance plans is divided into 3 groups:
High/Gold and Platinum are the highest of all existing premiums, conversely, the lowest out-of-pocket, as well as deductible. In this case, the co-insurance will be 80% to 20%. Such a plan is chosen by patients who have the opportunity to regularly visit specialists and receive treatment. They need the policy to avoid high prices. They can afford to pay large sums every month.
Medium/Silver is intended for most patients. This provides a higher premium, but lower out-of-pocket and deductibles. Co-insurance will be in the 80% to 20% range. The plan assumes that the monthly payments will be high, but the budget will remain when contacting specialists.
Catastrophic and Bronze assume that the amount per month (premium) will not be significant, but the deductible will be high and the percentage of co-insurance will be profitable. The plans are accepted by people who save on monthly insurance premiums. If you have to turn to specialists, large sums will be out of the budget before reaching the reduction. The plan is designed to protect against unexpected illness and protect against major expenses if they must be avoided.
It can only be purchased by people under the age of 29. The high monthly payment corresponds to the maximum amount and can be deducted from the low pocket, and vice versa.
When choosing an insurance plan, it is important to consider all the details of the coverage offered:
All insurance companies have 100% coverage for preventive checks by a specialist once a year.
All other expenses will be made after payment by the patient which is deductible.
Each company tries to offer specialist services from its network (in the network).
Switching to another specialist (outside the network) is fraught with reduced payments by insurance companies.
High/gold may offer compensation.
Medium/silver will provide a low percentage of cost compensation (co-insurance).
Disaster will not cover the cost at all.
Therefore, when choosing an insurance plan, you should pay attention to the wide network of medical institutions covered by the company.
About insurance for children under 18 years old
Features and differences exist in child insurance. Many states (Illinois) require insurance for children under the age of 18. All Kids (the insurance company) is committed to providing protection to all children in the state. This includes the following costs:
dentistry;
ophthalmology;
receiving drugs;
visit the pediatrician.
The All Kids insurance contract provides funds for the purchase of physical devices and speech therapy. To qualify for insurance, children must meet the following criteria:
Insurance requirements.
Children under 18 years of age.
Become a citizen.
Every child deserves it. To be eligible for All Children coverage, a family must meet the following requirements:
Number of people in the family Total income per year (or less)
5 $81,030
4 $69,150
3 $57,270
2 $45,390
READ MORE: insurance terms you need to understand
The limit increases as the number of families increases. When employers pay insurance premiums for children, they are still eligible for insurance if they meet the requirements for it.
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Free insurance for retirees and the poor
For sick parents, there is free Medicare insurance. This category includes:
people aged 65 years and over;
people under the age of 65, but with certain diseases;
people diagnosed with end-stage renal failure.
People with limited incomes can get prescription drug coverage or help pay for Medicare. The rules for calculating income depend on the state of residence. Eligibility may depend on the following factors:
have US citizenship;
age;
disability;
pregnancy;
blindness.
The list of recipients of insurance in the Medicaid program includes:
individual Medicare recipients;
recipients of adoption benefits;
pregnant women and children under the age of six from families with incomes below 133% of the federal poverty line;
newborns to mothers with this insurance;
persons with disabilities, including the visually impaired, as well as those receiving benefits (Supplementary Security Income);
categories of people eligible for assistance under the AFDC program, as well as families with low-income minors.
Why do you need health insurance when traveling to the US
Russia's healthcare system is different from America's. Therefore, when planning a trip to the USA for any purpose, you need to consider these differences:
The United States does not provide health insurance.
Citizens buy insurance policies or pay for services from their own budgets.
Health insurance is not simple and confusing.
Insurance is different.
They have many conditions.
All citizens must have it.
The type of insurance can be any, but availability is required. It is impossible not to meet this requirement because at the end of the year you will have to pay taxes for his absence.
By law no. 155-FZ 28.12.15, travelers from Russia traveling abroad must take out a health insurance policy, the cost of which is 2 million rubles. Insurance will provide the necessary medical services free of charge:
receiving drugs;
doctor's advice;
emergency delivery to medical facilities;
outpatient treatment;
analysis;
inpatient.
If the trip involves any type of risks such as playing sports or active recreation, then treatment in the event of an injury or fracture, for this reason, will be provided free of charge. When traveling to the United States on a tour package that includes this type of activity, it is better not to save on insurance. As for the other requirements for travel insurance, they are standard.
To get a visa to enter the United States, you need insurance. It is better to buy insurance in Russia. Insurance coverage must be for $50,000 - $100,000. Before concluding a contract, you need to clarify:
Is the insurance company accredited in the US?
Does he have an insurance program?
Assistant company.
Take into account the risks that will be required in the United States, especially in an emergency situation.
The purpose of the trip must also be indicated, as the cost of the insurance policy depends on this.
You can choose one of the programs that will save you from unexpected expenses in the event of a sudden illness or accident. Program choices depend on how often you have to travel to the United States:
When applying for a visa to visit friends or relatives (guests), you should choose an insurance program that carries the risk of “Community Liability Insurance”. If the insured person causes damage to the property, the insurance company compensates for the loss.
If the work or student visa is more than two months old, there must be an increase in insurance coverage.
For those who receive multiple visas, an insurance program is recommended for one year, during which the number of days of stay in the United States is fixed. Such an agreement is much cheaper than buying a separate policy for all trips.
If an insurance policy is purchased, the cost of medical services is covered by the insurance company. Insurance is protection against unforeseen circumstances associated with seeking medical care in the United States.
Insurance contracts need to be studied. A policy purchased for a visa with a minimum coverage of $50,000 takes into account the following risks:
Provide emergency outpatient services.
Transport of patients to health facilities.
Negotiations with aid companies.
Return based on medical indications.
Coverage of costs in terms of repatriation.
Insurance in the United States includes additional provisions for medical care in the event of an exacerbation of a chronic disease or allergic reaction.
The validity period of the policy starts on the day of departure abroad. The insurance contract is made in 2 languages (English and Russian) in a printed version. If you decide to purchase insurance upon arrival in the United States, you must be prepared for the following risks:
Documents will be created in only one language (English).
The cost of an insurance policy issued by a US insurance company at the airport on arrival will be several times more expensive than in Russia.
Having insured himself against possible unforeseen risks, a person receives protection from financial burdens. At current US prices for medical services:
To call an ambulance - from $ 800 to $ 1,000.
One night hospital stay - $1,000.
Standard surgery costs to remove the appendix up to $60,000.
By comparing prices with odds, you can answer the question of why you need health insurance in the United States.
Order of payment for insured events
If the insured event occurs during a trip to the United States, you must follow the following algorithm of actions:
Within 24 hours, notify the insurance company of the incident at the telephone number specified in the insurance contract. Otherwise, the company will cancel the compensation or make a payment of 250 euros.
Translate all documents into Russian and certify by a notary.
Payment for insured events is made only based on documents requested by the company by the insurance company no earlier than two weeks later.
In the first case, insurance compensation is provided through the insurance company. Payment is made directly to the victim or service company in the presence of a doctor or after information about the insured event has been sent by telephone. Tourists will receive medical assistance within the scope of the sum insured or on a contract basis. The document-level proof is provided within 30 working days. You can not resort to the help of specialists without the knowledge of the insurance company, because the company will not pay for the insured event.
In the second case, the payment is made by the victim himself, notifying the Service Company of the occurrence of the insured event within not more than 24 hours. It is important to keep all checks that need to be presented upon arrival in the country of residence.
Health insurance in the US is required because there is no free healthcare in the US. Insurance contracts are required so as not to go bankrupt in treatment. By paying between $5,000 and $15,000 a year, you can get low-cost care. If you go to the hospital with a fracture without an insurance contract, you have to pay $11,000, and if you have insurance, it's only $240, which is a significant difference.
Im4U Februari 05, 2022 New Google SEO Bandung, Indonesia
What is mental health insurance? When it comes to counseling, people almost always wonder how much it costs with or without a health plan and how to pay for it. The healthcare system and the marketplace can be confusing, but people seek mental health care daily, and we're here to tell you about the many mental health benefits available.
Covered Therapy: Coverage Tips You Need to Know
What types of insurance plans are there for therapy?
There are many ways to pay for mental health care. What does health insurance cover and what can't be confusing at first glance? The Mental Health Equity Act is part of the Affordable Care Act, which requires major health insurance providers and health plans to provide equal coverage for mental illness (including the coverage and drug treatment). Contact your insurance provider for more information.
What types of therapy are covered?
Unfortunately, there is no quick and easy answer to whether your health plan covers therapy or mental health services. The law does not require small health insurance companies with less than fifty employees to have health insurance covering the costs of treatment. The GP's office can also help with these questions, and you can always contact your health insurance benefits department or your insurance company to check your mental health coverage.
READ MORE: insurance direct line
Common coverage issues
Many companies that are not regulated by the Affordable Care Act or the Mental Health Parity Act choose to protect the mental health of their employees. The mental health benefits can be confusing, so we'll outline some of the things to watch out for. Before a therapist visits, it is important to find out if he or she pays for your health insurance. One way to find out is to provide your provider with the information on your insurance policy.
Family members may find it helpful to become familiar with the CHIP Children's Health Insurance Program. People who have been diagnosed with a mental illness, substance use disorder, or other mental illness can get the medical benefits they need and get more information through the Consumer Assistance Program.
Medicaid is a good choice for family members, especially those who have been diagnosed with a disorder, mental illness, pre-existing illness, or who are seeking health insurance/CHIP for children. Learn more about this program at Healthcare.gov.
If you are interested in minimizing costs, you can seek in-office talking therapy, which is covered by your insurance. However, many online therapy options (which may not be included in some market packages) can be significantly less expensive than online options.
READ MORE: health insurance premiums
Questions to ask your insurance
Are there certain mental health services/therapists that my health plan does not cover?
Do I have coverage for therapy/therapists if I have a pre-existing medical condition?
What is the privacy policy/terms of service of this mental health service/therapist?
How many therapy sessions does my health plan cover per year?
Do I have a deduction to pay before my health plan covers services from my health plan?
Do individual or group health plans require co-payments?
Do I need a referral from my PCP for a GP?
insurance network provider
A network provider is a provider that accepts health insurance as a form of payment. In this case, health insurance pays for part of the mental health care. Although they may receive mental health insurance, network health care providers are "inside" your health plan's network.
READ MORE: know barbados non life insurance and
EFTPS is the Electronic Federal Tax Payment System (EFTPS) is a free tool provided by the US Department of the Treasury that allows businesses and individuals to pay federal taxes online or by telephone.
EFTPS can be a convenient way to make payments to the IRS because it is available 365 days a year, 24 hours a day, and the federal government will debit your bank account with no processing fees.
However, individuals may choose to make income and self-employment tax payments by check, credit card, or the Internal Revenue Service's Direct Payment system (available at IRS.gov). But companies generally must use electronic funds transfer (EFT) to make all federal tax deposits, including federal income taxes, income and payroll taxes withheld from employee paychecks, federal excise taxes, employer's share of Social Security and Medicare taxes, and payments toward the deal. installments. EFTPS is the easiest way to do this.
Why Should I Use EFTPS?
Even if you are not required to use EFTPS, there are several benefits to doing so, such as:
You can pay taxes online 24/7. Whether you're at home, at work, or on the go, if you can log on to EFTPS.gov, you can make tax payments 24 hours a day, seven days a week.
This website is secure. Whenever you provide sensitive financial information over the internet, you want to know that your data is safe. The IRS EFTPS site keeps user data secure by requiring a three-step identification process each time you log in to the site.
You can schedule payments up to one year in advance. EFTPS allows users to schedule tax payments up to 365 days in advance, which is useful for forecasting quarterly tax payments. You can also cancel a scheduled payment as long as there are more than two business days before the payment is scheduled to be made from your bank account.
You will soon receive confirmation of your payment. When you send a check to the IRS in the mail, you just have to hope it doesn't get lost in transit. When you pay electronically, you will immediately receive a confirmation email that your payment was successful and an acknowledgment number that you can use to track your payment later, if necessary. You can also check your payment history online.
How to Register for EFTPS Payment
The only downside to using EFTPS is how long it takes to get started. Due to extensive security protocols, registration to use the system may take several days. Here's how it works:
Gather your information. To register, you'll need your business's Employer Identification Number (or Social Security number or taxpayer identification number if you don't have an EIN), the routing number and account number for your financial institution, and the name and address that appears on your last page. filed a tax refund.
Register online. Go to EFTPS.gov and select "Register." Receive the legal notice, then select “Business” to register your business or “Individual” to register yourself. Enter the requested information and press "Submit."
Get your PIN and password. In about a week, the IRS will send you a personal identification number (PIN) in the mail. Once you receive the PIN, return to EFTPS.gov and click “Need a Password.” Sign in with your EIN or SSN and PIN. Verify your banking information or your registration number (which appears on your PIN letter) and select “Next.” You will be asked to create a new internet password.
Make a payment. Once you have your PIN and password, you can log into your account and select "Make Payment." Follow the on-screen instructions to enter your payment information, select a payment date, and complete the process. You can also make a payment over the phone by calling EFTPS customer service at 1-800-555-3453 and following the instructions to make the payment.
The IRS allows businesses to make some — but not all — tax payments on the day they are due. To be eligible for same day processing, your payment must be $100,000 or less and you must send it by 3 p.m. EST on a business day.
If your payment does not meet the criteria above, you must schedule your payment at least one calendar day before the tax due date by 8pm EST so that your payment can be processed on time.
Avoiding EFTPS Scams
Millions of individuals and businesses use EFTPS every day to make federal tax payments. And whenever there is big money involved, there are bound to be scammers trying to take advantage of the situation.
In the past, the IRS has warned taxpayers about email scams involving EFTPS. In one scam, taxpayers received an email claiming that an electronic tax payment they made through the system was denied and directed them to retry their payment by clicking on a link. Clicking on the link results in malicious malware being installed on the recipient's computer.
To avoid falling victim to similar scams, the IRS recommends that you never click on any links, open attachments, or reply to unsolicited emails about your taxes — whether they appear to be from the US Treasury, EFTPS, the IRS, or any other source.
If you are concerned that your tax payment has been declined, go directly to EFTPS.gov and log in to your account. Since the system provides up to 16 months of payment history, you should be able to spot any issues by reviewing your account.
Getting Help with the Electronic Federal Tax Payment System
The US Treasury offers several ways to get help making payments or getting help with the EFTPS website.
Im4U Januari 26, 2022 New Google SEO Bandung, Indonesia
How to Pay the IRS with EFTPS
Posted by Daftar Alamat Lengkap on Rabu, 26 Januari 2022
Understanding Income Tax
Taxes may no longer be alienated for Indonesian citizens. Taxes are mandatory payments to the state by the people of the state for the public interest that are coercive. The benefits of paying taxes cannot be felt directly Taxes have a significant role in the state, especially in development.
In essence, taxes are part of the rights and obligations of living as an Indonesian citizen. There are various types of taxes such as income tax or PPN(IT), value added tax or PPN(VAT), sales tax on luxury goods or PPABM(STOLG), Stamp Duty or BM(SD), PBB PBB. And now I will discuss PPH or income tax,
PPH(IT) or income tax is a tax imposed on individuals or entities on income received or earned in a tax year. The income in question can be in the form of business profits, salaries, honors, gifts and, others.
As for how many types of PPH such as PPH Article 15, PPH Article 19, PPH Article 21, PPH Article 22, PPH Article 23, PPH Article 24, PPH Article 25, PPH Article 26, PPH Article 29 and, final PPH Article 4 paragraph 2. Income tax was originally applied to plantation companies established in Indonesia. The tax is embedded with corporate tax which can also be called PPS.
In 1932 the so-called income tax ordinance was enacted. This income ordinance is applied to Indonesians and people who are not residents of Indonesia but have income in Indonesia. In 1935 the wage tax ordinance was enacted which required employers to deduct salaries or wages of employees to pay taxes on salaries received.
The basis of tax imposition (DPP) is the basis of imposition obtained from the taxable income of the income recipient taxpayer. The basis for the imposition of taxes and deductions for PPH article 21 is taxable income for permanent employees, periodic pension recipients, non-permanent employees whose income is paid monthly, not an employee. There are taxpayers in question who have a taxpayer identification number or, NPWP.
Article 21 PPH rates are deducted from the amount of taxable income or PKP which is rounded down in thousands. The PPH rate is progressive, which means that the higher the income received, the higher the tariff layer will be imposed. Based on Article 17 of the PPH Law, the applicable tax rates are:
5% (5Percent) For annual income up to IDR 50,000,000.
15% (15Percent) For income above IDR 50,000,000 to IDR 250,000,000.
25%(25Percent) For income above IDR 250,000,000 to IDR 500,000,000.
30% (30Percent) For income above IDR 500,000,000.
Those who receive income who do not have an NPWP are subject to very high rates.
Income tax depositors must be deposited no later than the 10th of the following month after the tax period ends.
While the payment is no later than the 15th of the following month after the tax period ends.
For now, paying taxes can not only be done by direct deposit but can be paid online. By paying taxes online, it makes it easier for taxpayers to pay taxes because there is no need to wait or queue long.
Thus, it is expected that all people or residents obey to pay taxes because taxes are one of the rights and obligations for Indonesian citizens. Indonesia. The development will also run smoothly and various public facilities will be available so that people feel the benefits of paying taxes.
Im4U Desember 01, 2021 New Google SEO Bandung, Indonesia
following the rational rule for sellers, how does output for a seller who has market power compare to output for a seller who does not have market power?
The Supreme Court declined Monday to block a New York grand jury from getting former President Donald Trump's personal and corporate tax returns, a decisive defeat in his long legal battle to keep his tax records out of investigators' hands.
The ruling doesn't mean the returns will become public any time soon, and they might never be publicly released. Under New York state law, materials turned over to a grand jury must be kept secret. But Manhattan District Attorney Cyrus Vance can now require Trump's accountants to turn over the records that Trump has steadfastly refused to surrender to prosecutors or Congress.
"The work continues," Vance said in response to the order.
Trump issued a long statement decrying the order as the continuation of a politically motivated witch hunt, and he vowed to "fight on."
"The Supreme Court never should have let this 'fishing expedition' happen, but they did," the statement said. "This is something which has never happened to a President before, it is all Democrat-inspired in a totally Democrat location, New York City and State, completely controlled and dominated by a heavily reported enemy of mine, Governor Andrew Cuomo."
Vance is seeking tax returns covering eight years for a grand jury investigation of hush money payments and other financial transactions. The investigation began after it was disclosed that former Trump lawyer Michael Cohen paid Stormy Daniels $130,000 to keep quiet about her claim that she had an affair with Trump, an allegation he has denied.
September: Growing fallout after bombshell New York Times report on Trump's taxes
SEPT. 29, 202003:04
Cohen also alleged to Congress that the Trump Organization sometimes lied about its financial condition to evade taxes or obtain favorable loan terms.
following the rational rule for sellers, how does output for a seller who has market power compare to output for a seller who does not have market power?
In July, the Supreme Court rejected Trump's contention that as a sitting president he was immune from any part of the criminal justice system — including grand jury investigations. But the decision said he could go back to the lower courts to make the same arguments available to anyone who is trying to defeat a subpoena.
A month later, a federal judge in New York ruled against Trump's renewed effort to toss out the subpoena, describing the legal attack as merely a repackaged version of his original immunity argument. The 2nd U.S. Circuit Court of Appeals affirmed the ruling.
Trump's legal team said that the subpoena was vastly overbroad and that it had been issued in bad faith to harass him. If all Vance was looking at were the payments made by Cohen, it said, it wouldn't explain why Vance simply copied a much broader subpoena issued by a congressional committee.
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The first subpoena issued by a state for the records of a sitting president should have been properly tailored, his attorneys told the Supreme Court.
"Its near limitless reach — in time, scope, and geographic reach — has all the hallmarks of a fishing expedition," his attorneys told the Supreme Court. "And the fact that the subpoena was issued to a third-party custodian while tensions were running high between the Trump Organization and the district attorney, and for dubious reasons of efficiency, only makes the allegation of bad faith that much more plausible."
following the rational rule for sellers, how does output for a seller who has market power compare to output for a seller who does not have market power?
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But in recent court filings, Vance has hinted that the scope of his work may be broader than just the hush money payments.
"The investigation concerns a variety of business transactions and is based on information derived from public sources, confidential informants, and the grand jury process," and it could include falsifying business records, insurance fraud and tax fraud, Vance told the appeals court.
Now that the Supreme Court has cleared the way for Vance to enforce the subpoena, Trump has exhausted his legal options to block it. The full tax return documents, or parts of them, would become public only if Vance brings criminal charges and seeks to introduce them as evidence.
Trump's longtime accounting firm, Mazars USA, said it was aware of the order and "remains committed to fulfilling all of our professional and legal obligations."
