Tag Archives: tax reform

Attorney General Barr’s News Conference

Posted on April 18, 2019 by

I, and everyone I know, want to know the facts of any collusion between Trump and his associates and Russia. I am confident that the Mueller investigation provides them as well as we could expect. Attorney General Barr’s news conference … Continue reading →

Posted in News and politics, regulation, taxes, War | Tagged , , , , , , , , , , | 3 Comments

What is SALT really about?

Posted on December 7, 2017 by

Here is the proper way to understand the SALT issue—whether State and Local Taxes should be deducted from taxable income on which federal taxes are levied. Assume that taxpayer 1 (Jack) in state A and taxpayer 2 (Mary) in state … Continue reading →

Posted in Economics, taxes | Tagged , , , , , , | 22 Comments

SALT—More press nonsense on tax reform

Posted on November 18, 2017 by

The elimination of State and Local Tax (SALT) deductions from the proposed tax reforms working their way through Congress has become a hot topic. Fine, but please keep the discussion honest. Sadly my local newspaper, The Washington Post, is not … Continue reading →

Posted in Debt, taxes | Tagged , , , , , , , , , | 1 Comment

Tax reform and the press

Posted on November 12, 2017 by

I have written several articles about the need for serious tax reform in the U.S. and set out the basic principles of good tax law accepted by most economists. “US Federal Tax Policy”, Cayman Financial Review, Issue 16, Third Quarter … Continue reading →

Posted in Economics, News and politics, taxes | Tagged , , , , | 1 Comment

Taxing the Wealthy

Posted on October 1, 2017 by

The administration has “backed a tax plan that analysts say would greatly benefit the wealthy.” I want to unpack that and take a closer look at what it might mean. “The Trump tax plan drops the top bracket from 39.6 to … Continue reading →

Posted in Economics, taxes | Tagged , | 5 Comments

Next up: Tax Reform

Posted on March 27, 2017 by

Hopefully the tax reform law to be adopted by Congress in the coming months will closely resemble The Better Way Tax proposed outline by Congressmen Paul Ryan and Kevin Brady on June 24, 2016. Their plan would be revenue neutral … Continue reading →

Posted in News and politics, taxes | Tagged , , , , , , , | Leave a comment

Econ 101 – Jobs and Income Growth

Posted on January 13, 2017 by

At long last the economy has more or less reached full employment. The December 2016 unemployment rate was 4.7 percent while the Federal Reserve’s assessment of normal full employment (NAIRU—non-accelerating inflation rate of unemployment) is 4.8 percent. More over, wage … Continue reading →

Posted in Economics, Government, News and politics, trade, Uncategorized | Tagged , , , , , , , , , , | 1 Comment