Taxes

5 Questions For Glenn Hubbard On The Covid Pandemic, Productivity Growth, And Us Fiscal Policy

On a recent episode of Political Economy, I spoke with economist R. Glenn Hubbard about the pandemic’s current and future impact on the US economy, the Trump tax cuts, and various looming issues such as the deficit that future policymakers...

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Europe Hasn’t Appealed Apple’s Irish Tax Ruling; Deadline Is Friday

The Irish tax ruling in July went in Apple’s favor, with the court finding that the European Union had failed to prove that the tax deal Ireland offered to Apple was illegal, and therefore the company did not owe €13B ($15B) in back...
Related topics: Ireland

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California Burnin' - A Warning Against One-party Rule

California Burnin' - A Warning Against One-Party Rule Tyler Durden Sun, 09/20/2020 - 20:00 Authored by Niall Ferguson, op-ed via Bloomberg.com, Fires, blackouts, high taxes, poverty, scarce housing, urban squalor, lousy...
Related topics: Bloomberg

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White House Official Nailed By Cnn’s Tapper About Trump’s Taxes After He Whines Biden Won’t...

Attempting to defuse accusations of hypocrisy over the rush to replace Supreme Court Ruth Bader Ginsburg, Vice President Mike Pence’s chief of staff complained that former Vice President Joe Biden has yet to release nominees he would consider...
Related topics: White House, CNN, Joe Biden

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4 Ways To Limit Taxes On Stock Gains And Dividends

You may not pay much attention to taxes within your brokerage account, as these costs are often hidden -- rarely does a broker have any line item for accrued tax or projected tax due. This makes it all the more important to know the major tax...
Related topics: Dividend

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3 Moves That Will Slash Your Tax Bill This Year

No matter how much money you make, your goal should be to pay the IRS as little tax as possible. And the smarter you are about taking advantage of tax breaks, the greater your chances of that happening. Here are a few key moves to make in the coming...
Related topics: IRS

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Average Americans Would Need An Extra $145,650 To Adjust For Social Security Cuts

In 2035, Social Security's trust fund is scheduled to run dry, necessitating a 24% automatic cut to benefits as payroll tax revenue will be enough to pay only 76% of the promised amount. For a typical retired worker who would likely be slated to...
Related topics: Social Security

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Monty Python Comedian Threatens To Sue 'thieving Reprobates' In Gop For Stealing Song

The National Republican Congressional Committee replaced lyrics about a cross-dressing lumberjack with something lame about taxes — without permission.
Related topics: Monty Python

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Fox Still Trying To Scare The Hell Out Of Old White Men On Social Security About The Dangers Of...

You won't see anyone on Fox reporting on the fact that the Social Security trust fund could be depleted by 2023 if Trump has his way and eliminates the payroll tax—or that businesses weren't too hip on his plan and aren't going along with the...
Related topics: Social Security

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Tax Strategies To Embrace, Or Avoid, Before The November Election

No one knows the outcome of the presidential race or how Congress could adjust the tax code next year. But there are changes taxpayers can make now, financial advisers say.
Related topics: United States Presidential Election

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Asset Freeze Threatens To Silence Independent Nicaraguan Broadcaster

Journalists at Canal 12 News, one of Nicaragua’s two remaining independent news broadcasters, face an uncertain future after a court in the capital, Managua, ordered the station’s assets seized as part of a tax case that one of its editors says...
Related topics: Nicaragua

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Importing Inequality: Immigration And The Top 1%

Data from UK tax records with new information on migrant status to show that that migrants are highly represented at the top of the UK’s income distribution.
Related topics: Immigration, United Kingdom

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Want Tax Cuts For The Rich? Vote For Biden

(Steven Hayward) As we never tire of saying, if liberals didn’t have double standards, they wouldn’t have any standards at all. And the best exhibit of this right now is that if Biden and the Democrats sweep the election, one of the...
Related topics: Joe Biden

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Taking A Cares Act Retirement Plan Withdrawal? Prepare For This Tax Surprise

Millions of Americans have lost their jobs in the course of the COVID-19 outbreak, and even those who are working may be grappling with financial concerns. If you're finding yourself needing money but don't have much in the bank, you might assume...
Related topics: Banking

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Amazon Gets Its Tax Excuses In Early Amid Rising Uk Profits – But Leaves El Reg Off The Press...

A charm offensive, or just plain offensive? Amazon tried to head off negative column inches about its tax-efficient operations in Britain by cherry-picking journalists to brief on its latest financial results days before they hit Companies House.…
Related topics: Amazon, Amazon (AMZN), United Kingdom

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Death, Taxes, & Covid-19: Things That Cannot Be Avoided

Death, Taxes, & COVID-19: Things That Cannot Be Avoided Tyler Durden Fri, 09/18/2020 - 05:00 Submitted by Louis-Vincent Gave of GaveKal In March, when Covid-19 began to rear its ugly head across the western world, national...

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New Jersey Lawmakers Just Reached A Deal On A New Millionaires Tax — Along With A $500 Rebate For...

New Jersey Gov. Phil Murphy in 2019. Lucas Jackson / Reuters Under a new proposal by state legislators in New Jersey, the tax rate on income over $1 million would increase from 8.97% to 10.75%. Republican leaders across New Jersey came out in...
Related topics: Reuters

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Pakistan To Smartphone-makers: Come For The Low Tax, Stay To Create Your Replacements

Floats industry plan that requires ramp-up of locally made components and complete tech transfer Pakistan has proposed that foreign smartphone-makers entering the country will have to help it build a domestic smartphone industry.…
Related topics: Pakistan

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Eric Trump Won’t Testify In Ny Probe Until After Election

The New York Attorney General is investigating whether the Trump Organization lied about the value of its assets in order to get loans or tax benefits.

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Facebook Censors Ad On Biden Raising Taxes Despite Fact-checker Contradicting Its Own "mostly...

Facebook Censors Ad On Biden Raising Taxes Despite Fact-Checker Contradicting Its Own "Mostly False" Rating Tyler Durden Thu, 09/17/2020 - 17:40 Facebook has censored a pro-Trump ad despite fact-checker PolitiFact...
Related topics: Facebook, Social Media, Joe Biden, Censorship

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