Silver as an investment

Category Archives: Income tax in the United States

The Fetid Swamp Of Tax Reform

Authored by Charles Hugh Smith via OfTwoMinds blog, The likelihood that either party will ever drain the fetid swamp of corruption that is our tax code is zero, because it's far too profitable for politicos to operate their auction for tax favors. To understand the U.S. tax code and the endless charade of tax reform, […]

“Bubble Tax”: The GOP’s Hidden 46% Tax Bracket

Authored by Danny Vinik via TheAgenda, If you’re rich enough, some of your income is taxed at a rate unseen since the ‘80s. House Republicans claim the tax plan they introduced Thursday keeps the top individual rate unchanged at 39.6 percent – the level at which it’s been capped for much of the past quarter-century. […]

Welcome To The Hunger Games: Trump’s Tax Plan To Unleash Battle Royal Among D.C. Lobbyists

Authored by Michael Snyder via The Economic Collapse blog, Are you ready for mass chaos in Washington? There are lobbyists for just about every cause that you can possibly imagine, and they are always working hard to influence members of Congress on their particular issues.  But when you are talking about a major tax reform […]

Trump Tax Plan To Benefit “Top 1%” Most, Cost $2.4 Trillion, Middle Class To Pay More Taxes

Based on what we already know about the proposed Trump tax reform, which can be summarized as follows: collapse the seven individual income tax rates to three (12, 25, and 35 percent), increase the standard deduction, eliminate personal exemptions, increase the child tax credit, eliminate most itemized deductions, repeal the individual and corporate alternative minimum […]

“I Thought I Was Middle-Class?”

Authored by Jim Quinn via The Burning Platform blog, “The best way to teach your kids about taxes is by eating 30% of their ice cream.” – Bill Murray When I saw that slimy tentacle of the Goldman Sachs vampire squid, Gary Cohn, bloviating about Trump’s tax plan and how it was going to do […]

Global Bond Rout Accelerates Even As Dollar Rally Fizzles

In a continuation of trading patterns observed over the previous two days, on Thursday the global bond rout deepened in the aftermath of the release of President Trump’s tax-cut plan, Janet Yellen’s recent hawkish comments and renewed optimism over the health of the U.S. economy. While global stocks were mostly mixed as investors tried to […]

The “Trump Tax Plan” – Details & Analysis

Submitted by Lance Roberts of Real Investment Advice Almost a full year after the election of Donald Trump to the White House, one of the key promises made to voters was the largest “tax cut” since Ronald Reagan was in office. As President Trump stated in Indiana yesterday: “This is a revolutionary change, and the […]

IRS Reports 40% Surge In People Underpaying Their Tax Bills

Paying taxes is just about as much fun as a root canal.  As such, apparently more and more people are just deciding not to do it.  As the Wall Street Journal points out today, the IRS saw a 40% surge in returns that owe tax penalties between 2010 and 2015. For reasons that aren’t clear, […]

We Want A Government So Small That We Can Barely See It

Authored by Michael Snyder via The American Dream blog, We need to fundamentally redefine the relationship between government and the people in this country. Today, we have become so accustomed to big government that most of us can’t even imagine another way of doing things. And I am not just talking about the federal government […]

Mapping The U.S. Zip Codes Where “The Rent Is Too Damn High”

As America’s young snowflakes graduate their liberal bastions of higher education and get ready to migrate around the U.S., at least those who were lucky enough to actually find a job after graduation and avoid the embarrassment of moving back home with mom and dad, we thought it would be helpful to take a look […]