Category Archives: Tax incidence
“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 […]
Watch Live: President Trump Unveils His Already-Widely-Leaked Tax Plan
Moments from now President Trump is expected to the take the stage at the Indiana State Fair to ‘unveil’ a tax plan that was leaked by someone in or around his administration hours ago…which we suspect is somewhat more anticlimactic than he might have hoped. In any event, earlier this morning we covered the details […]
The Risk To The “Bull” Thesis
Authored by Lance Roberts via RealInvestmentAdvice.com, Following the election, the markets began pricing in a strongly recovering economic environment driven by a wave of legislative policies. While the market has indeed advanced, the economic and fundamental realities HAVE NOT changed since the election. As noted on Friday: “Economic data is not buying it either. Headline after […]
USA 2017 Vs. France 1789 – “The Third Estate Has Been ‘Handled'”
Authored by Lee Travis via Defiant Thinking blog, Most people are familiar with the story of the French Revolution: When the poor revolted against the unfairness and wealth inequality imposed by the aristocrats, they overthrew the monarchy and beheaded more than 40,000 people, mostly clergy and noblemen, as punishment for their crimes and injustices. The […]
Here Are The States With The Highest Property Taxes
ATTOM Data Solutions has scoured county-level property tax records from across the country to figure out exactly who is getting punished the most on their real estate taxes. To our complete ‘shock’, the resulting map looks eerily similar to the 2016 presidential electoral college map with the liberal bastions of the Northeast and Midwest suffering […]
Goldman: “The Boost From Lower Taxes Will Now Be Smaller, Occur Later Than Expected”
With both JPM and Goldman having warned for months that the market is far too sanguine about the implementation (and effectiveness) of Trump’s proposed domestic fiscal policies, Friday’s events were a rude awakening for some, and framed how contentious the passage of any stimulus measures by the new president – one who as the WSJ […]
How Trump’s Tax Changes Will Impact You?
“Reduce taxes across-the-board, especially for working and middle-income Americans” – that was Trump’s campaign pledge. And now he is about to move into the White House and is backed by Republican majorities in both House and Senate, he has a real shot at fulfilling that pledge to the letter. So, what are the specifics of […]