Taxes

Democrat John Delaney: It Feels Like Some Dems Are Rooting For A Recession Because It’ll Hurt...

Of course they are. Is this even in dispute? It’s taken for granted that Pelosi won’t agree to cut payroll taxes to stimulate the economy even though that idea is normally popular with Democrats because it might help Trump’s...

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Climate Policies Bite Poor Consumers And Frustrate Politicians Without Much Wider Impact - Aei -...

I just purchased “free airmiles” tickets to the UK for my wife, our two children, and myself. These free tickets actually cost over $2000. The vast majority of this money is for European climate levies. The cost made me think about climate...
Related topics: United Kingdom

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‘confused’ Trump Pummeled By Wsj For Creating Economic Uncertainty With His Tariffs And...

A clearly exasperated editorial board of the Wall Street Journal took Donald Trump to task in a harsh column, claiming he doesn’t seem to know what he is doing when it comes to economics and they are getting tired of his act. Right from the...
Related topics: Donald Trump

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France Says ‘crazy’ That Apple And Others Get ‘permanent Tax Haven Status’

French President Emmanuel Macron has defended France’s decision to impose a 3% tax on the local revenues of Google, Apple, Facebook, and Amazon. The tax was nicknamed a GAFA tax after the initial letters of the main companies targeted… ...
Related topics: France, Apple (AAPL), Emmanuel Macron, Google, Google (GOOG), Social Media, Facebook, Amazon, Amazon (AMZN)

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Record Income Taxes?

I should read more posts from Kevin Drum: The Yahoo News reporter comes close to explaining what happened by noting that there were more returns in 2018 than 2017. As you might guess, this happens every year as the US population increases. So...
Related topics: Yahoo (business)

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What's The Difference Between An Fsa And An Hsa?

Healthcare is a major burden for Americans of all ages. Thankfully, there are special accounts that allow you to pay for healthcare in a tax-advantaged fashion. Two popular choices in this regard are flexible spending accounts (FSAs) and health...

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Macron Says Current System Of Taxing Tech Giants Unfair, Including On Us Workers

Last month, France approved a 3% tax on the revenues that companies earn from providing digital services to French users.
Related topics: Emmanuel Macron, France

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'we Don't Need It.' Donald Trump, In Shift, Says He's Not Considering Tax Cuts

President Trump said Wednesday he's not considering tax cuts to help boost the economy amid fears of a recession, just one day after saying he was.       
Related topics: Donald Trump

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Would A Payroll Tax Cut Help The U.s. Economy?

NPR's Audie Cornish speaks with Jason Furman, who was President Obama's chief economic adviser, about Trump administration's consideration to stimulate the economy via payroll tax cuts.
Related topics: Barack Obama

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Trump Says He’s No Longer Considering Tax Cuts

President Trump said “he wasn’t currently looking at any form of tax cuts, a reversal from a day earlier when he floated possible moves to bolster economic growth,” the Wall Street Journal reports. Said Trump: “I’m not looking...

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A Carbon Tax Is Not A Slam Dunk, By David Henderson

Advocates of a carbon tax argue, correctly, that a tax is a much better way to reduce carbon usage than any system of regulations could be. The reason is that every use of carbon that creates carbon dioxide imposes damage, and a carbon tax based on...

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A Payroll Tax Cut Is A Terrible Idea Without Social Security And Medicare Reform

iStock photo The Trump administration is kicking around the idea of a payroll tax cut, though it’s hard to know how seriously the idea is on the scale of building a border wall to buying Greenland. “Yeah, we’re looking at various...
Related topics: Social Security, Medicare, Business Photos

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The Daily Business Briefing: August 21, 2019

1. President Trump on Tuesday confirmed reports that he's considering a payroll tax cut. "Payroll taxes is something that we think about, and a lot of people would like to see that," Trump said. "That very much affects the workers of our country."...

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Economists Question Whether A Payroll Tax Cut Would Be Worth Ballooning The Deficit

Trump administration officials are reportedly considering a payroll tax cut. But economists say the modest benefit may not be worth a bigger deficit       

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How Is Minnesota Allocating Its $47 Million From The Volkswagen Settlement?

A massive government settlement is surely every politician’s dream come true. You have millions of dollars to spend, without raising taxes. The latest such boon to greet Minnesota government is the Volkswagen settlement. On the heels of a...
Related topics: Volkswagen

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Amid Recession Warnings, Trump Reportedly Considering More Tax Cuts For Rich And Corporations

“Two of Trump’s ideas for stimulating the economy are 1) cutting the corporate tax rate a little more (after cutting it a lot didn’t do much), and 2) indexing capital gains to inflation. It’s tax cuts for the rich all the way...
Related topics: Inflation

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The Best Pizzeria In Nyc Just Got Closed For Not Paying $167,506 In Back Taxes — Here's What It's...

Di Fara Pizza in Brooklyn, New York, is considered by many to be the best pizza in New York City. The famous pizzeria was seized this week by New York State tax collectors, which effectively closed the 54-year-old restaurant. A Department of...

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10 Wednesday Am Reads

My midweek morning train reads: • Buying Municipal Bonds for Tax-Free Income (Penta) • Big-Box Rebound: How Target Packaged a Turnaround (Fortune) • The Trump vs. Obama economy — in 15 charts (Washington Post) • The WeWork IPO....
Related topics: Barack Obama, Initial Public Offering

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Do All Seniors Pay Taxes On Their Social Security Benefits?

Millions of older Americans rely on Social Security to pay the bills in retirement. In fact, 21% of married seniors and 44% of unmarried seniors depend on those benefits for 90% or more of their income.If you expect Social Security to constitute a...
Related topics: Social Security

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Us Business Cycle Risk Report | 21 August 2019

A payroll tax cut is on Trump’s mind: CNBC Trump cancels trip to Denmark, which says Greenland isn’t for sale: CNN Trump tells NRA no plans for background checks on guns: WaPo No sign of Brexit breakthrough between UK and European Union:...
Related topics: Cnbc, Denmark, CNN, United Kingdom, BBC

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