Silver as an investment

Category Archives: Tax-rate

“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 […]

Illinois Taxoholics Wear Down Rauner: Massive Tax Hikes In The Works

Authored by Mike Shedlock via MishTalk.com, Total capitulation by Governor Bruce Rauner is in the works. The taxoholics wore him down. In the emergency session, Rauner has agreed to hike the personal income tax rate to 4.95% from the current 3.75%. The corporate income tax rate will rise to 7% from the current 5.25% rate. For what? […]

Seattle Follows San Francisco, Philadelphia In Passing Job-Killing Soda Tax

Following in the footsteps of Boulder, Philadelphia, Oakland and San Francisco, Seattle has approved its own version of a job-killing soda tax. In a 7-1 vote with one councilmember absent, the Seattle City Council passed the tax on soda distributors by an overwhelming margin. The council ultimately agreed on a tax rate of $1.75 per […]

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 […]

Basic Income Arrives: Finland To Give Out Guaranteed Income Of €560 To Lucky Citizens

Just over a year ago, we reported that in what was set to be a pilot experiment in “universal basic income”, Finland would become the first nation to hand out “helicopter money” in the form of cash directly to every citizen. As of January 1, 2017, the experiment in “basic income” has officially begun, with […]

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 […]

What Donald Trump’s Proposed Tax Cut Means For You

Now that Trump is president, both individual and corporate tax-payers are taking a second look at Trump’s proposed tax regime to see how it will impact their bottom line. Here is a quick primer. Trump has proposed personal and business tax reform that would reduce tax revenues by an estimated $4.4 trillion over ten years, […]

Sliding Down Laffer’s Curve: The Ideal Tax Rate

garynorth.com / Gary North / November 27, 2015 I favor flat taxes: the principle of the tithe. There is no “graduated tithe.” The tithe is good enough for God. Ten percent should be more than enough for all the imitation gods — combined — that want to get their hands into our wallets. I favor direct flat taxes […]