“Carried interest” is extraordinarily misleading. It implies a fixed and very certain income stream in the way that interest bearing accounts at banks do. Which is the problem. Carried interest is the opposite of certain, and it’s not even income. It’s a share of the “profits” on an investment that is paid to the […]
‘Carried Interest’ Is the Opposite of Income, and Shouldn’t Be Taxed Like It Read More »
“Another bad decision is that I didn’t move any of my money from a traditional 401(k) to a Roth 401(k). Neither did my husband. So we have to take more withdrawals than we need right now and pay taxes.” Retirement expert Alicia Munnell said the latter in a recent Wall Street Journal interview. It’s no reach
Get Ready For Delayed and Lower Taxes on 401(k) Withdrawals Read More »
“We seem to be having an arms race. It’s emblematic of the complete breakdown of any kind of responsibility about the budget.” Cal-Berkeley economist Alan Auerbach said the latter in a recent Wall Street Journal interview. Auerbach was lamenting what he deems the unhappy fact that presidential candidates Kamala Harris and Donald Trump are persistently one-upping
It’s Responsible for Trump & Harris to Promise the Tax Moon Read More »
“And it’s paid for by you. No billionaires will fund work like this because there’s no money in it. This is government-funded research to determine how the universe was created and whether we are alone in it. If NASA and JPL were not doing it, it would not be done.” As readers can likely
Sorry Dave Eggers, the Billionaires Pay for Nearly Everything Read More »
It wasn’t long after Donald Trump’s recent proposal to reverse his $10,000 cap on the State and Local Tax deduction (otherwise known as SALT) that critics on his right flank criticized the move. Supposedly past deductibility existed as a subsidy of blue states by red states, plus return of the deduction would allow high-spending
Red Staters Should Love Trump’s Pro-Growth Revival of SALT Deduction Read More »
Tipping has gotten a bad rap of late. Lots of op-eds and commentary more broadly from left and right about tips, and perhaps worse, the expectation of tips.
The Unsung Genius of the Rise of Tipping Culture Read More »
Trump’s assertion that “SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” is more pro-growth than the 2017 Keynesian cuts foisted on him by Paul Ryan.
There’s More Growth In Social Security Tax Cuts Than 2017 Cuts Read More »
Realistically, and in a comment on how much wallet share Congress already enjoys, the only reasonable corporate tax is zero.
Corporations Have Already Paid Massive Taxes. Bring the Rate to Zero Read More »
Cut taxes. Waiters and waitresses should be taxed less, but entrepreneurs and CEOs should be taxed much less.
Cut Taxes For Restaurant Waiters, But Don’t Expect Growth Read More »
Consumption is once again a consequence of reducing the tax burden on those (the rich) most penalized by taxes. No serious supply-sider would disagree with what’s just been said, which is why it’s more than odd that they near-unanimously are cheering for extension of the 2017 “Tax Cuts and Jobs Act” that, by the admission of those same supply siders, largely reduced the tax burden on middle and poor earners while increasing it on the rich. Let the vastly overrated tax bill die. The economy grew despite it
The Trump Tax Cuts Were Keynesian, Not Supply Side. Let Them Lapse Read More »
