{"id":10789,"date":"2017-05-06T05:53:36","date_gmt":"2017-05-06T05:53:36","guid":{"rendered":"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/e-commerce\/what_the_us_tax_code_can_learn_from_ransomware.html"},"modified":"2022-10-14T18:30:27","modified_gmt":"2022-10-14T22:30:27","slug":"what-the-us-tax-code-can-learn-from-ransomware","status":"publish","type":"post","link":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/technology\/what-the-us-tax-code-can-learn-from-ransomware.html","title":{"rendered":"What The U.S. Tax Code can Learn From Ransomware"},"content":{"rendered":"<p>U.S. citizens in Little Rock Arkansas pay the same federal income tax as those in New York and Beverly Hills &#8211; even though the latter two states also have high state income tax and NYC even has a city income tax! According to <a href=\"http:\/\/www.businessinsider.com\/us-cities-with-the-lowest-cost-of-living-2016-7\/#25-little-rock-arkansas-1\">Business Insider<\/a>, here are the vital stats on this city with the lowest cost of living &#8211; Little Rock:<\/p>\n<p><strong>Median rent:<\/strong>&nbsp;$785<\/p>\n<p><strong>Median home value:<\/strong>&nbsp;$151,600<\/p>\n<p><strong>Rent to income ratio:<\/strong>&nbsp;0.2 to 1<\/p>\n<p><strong>Home value to income ratio:<\/strong>&nbsp;3.3 to 1<\/p>\n<p>Kiplinger <a href=\"http:\/\/www.kiplinger.com\/slideshow\/real-estate\/T006-S001-most-expensive-u-s-cities-to-live-in-2017\/index.html\">pegs<\/a> Manhattan as the most expensive city to live in. Get this:<\/p>\n<p><strong>Average rent:<\/strong> $4,239<\/p>\n<p><strong>Median home value:<\/strong>&nbsp;$848,700<\/p>\n<p><strong>Grocery Store Premium:<\/strong> 43%<\/p>\n<p><strong>Transportation Premium:<\/strong> 30%<\/p>\n<p>Bottom line, your rent alone can be almost 6x higher in one city than another yet tax rates are the same.<\/p>\n<p>This is where the feds can learn from Ransomware authors &#8211; the scummy people feeding off businesses and individuals by encrypting their files and not unlocking them until a ransom is paid.<\/p>\n<p>There is a new strain of this malicious software which bases the ptice it harges you &#8211; in bitcoin based on the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Big_Mac_Index\">Bic Mac Index<\/a> which generally correlates to the cost of living in your area.<\/p>\n<p><a href=\"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/uploads\/big-mac-index.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/assets_c\/2017\/05\/big-mac-index-thumb-500x719-15775.png\" alt=\"big-mac-index.png\" width=\"500\" height=\"719\" \/><\/a><\/p>\n<p>It&#8217;s called Fatboy and its enough to make you nauseous &#8211; coincidentally, its the way many workers feel on April 15th.<\/p>\n<p>See Also:<\/p>\n<ul>\n<li>\n<pre><a style=\"font-size: 1.17em;\" title=\" One Third of SMBs Lack Cybersecurity Training\" href=\"http:\/\/www.apextechservices.com\/topics\/articles\/431836-one-third-smbs-lack-cybersecurity-training.htm\">One Third of SMBs Lack Cybersecurity Training<\/a><\/pre>\n<\/li>\n<li>\n<pre><a style=\"font-size: 1.17em;\" title=\" 4 Cybersecurity Stats You Cannot Ignore\" href=\"http:\/\/www.apextechservices.com\/topics\/articles\/431613-4-cybersecurity-stats-cannot-ignore.htm\">4 Cybersecurity Stats You Cannot Ignore<\/a><\/pre>\n<\/li>\n<li>\n<pre><a style=\"font-size: 1.17em;\" title=\" 3 Ransomware Updates To Be Aware Of\" href=\"http:\/\/www.apextechservices.com\/topics\/articles\/431513-3-ransomware-updates-be-aware.htm\">3 Ransomware Updates To Be Aware Of<\/a><\/pre>\n<\/li>\n<li>\n<pre><a style=\"font-size: 1.17em;\" title=\" The U.K. is Getting Serious About Fighting Cybercrime\" href=\"http:\/\/www.apextechservices.com\/topics\/articles\/431026-uk-getting-serious-fighting-cybercrime.htm\">The U.K. is Getting Serious About Fighting Cybercrime<\/a><\/pre>\n<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. citizens in Little Rock Arkansas pay the same federal income tax as those in New York and Beverly Hills &#8211; even though the latter two states also have high state income tax and NYC even has a city income tax! According to Business Insider, here are the vital stats on this city with the<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[156,118],"tags":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/10789"}],"collection":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/comments?post=10789"}],"version-history":[{"count":1,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/10789\/revisions"}],"predecessor-version":[{"id":11262,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/10789\/revisions\/11262"}],"wp:attachment":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media?parent=10789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/categories?post=10789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/tags?post=10789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}