We might think that a bill looking to accomplish such things as improving the trade deficit would seem like a fine idea indeed. We need to look behind the rhetoric though. There are a lot of people that look at America’s massive trade deficit and see this as a harm or at least lost opportunity, […]
Carried interest are a share of the profits retained by hedge and private equity funds. We treat these profits as capital gains although many think they should be taxed normally. The concept of carried interest is believed to have originated with sea captains centuries ago, who were provided a 20% stake in the shipments they […]
Democrats and Republicans traditionally disagree on matters of taxation, with Republicans preferring less of it and Democrats more. This divide may be bigger than ever now. One of the governing principles of modern governments is that those who earn more must pay more, not just in terms of nominal amounts but also pay a higher […]
Some congressional democrats may find the idea of a punishing tax on securities transactions appealing, but this once again demonstrates their financial ignorance. There are several members of Congress on the Democratic side that are all for looking to punish the wealthy through various new tax proposals such as higher taxes on very high income […]
With the April 15 deadline drawing nearer, 30 million people are expected to owe money to the IRS this year. The time to start thinking about how you will make that payment is now. In the old days, when the only way to file your taxes was by mailing in completed paper documents, people would […]
Many people resent the ultra-wealthy, especially those with a billion dollars or more of it. If we want to force these people to live in other lands, we can, but do we want to? In the wake of the splash that rookie Congresswoman Alexandria Ocasio-Cortez recently made in the media with her proposal of a […]
While we may think that paper returns are a thing of the past, millions still rely on this. Paper filers are 20 times more likely to make mistakes on their return though. With another tax filing season upon us, it is also time to reflect upon the potential pitfalls out there when preparing your return, […]
Alexandra Ocasio-Cortez sees herself as a real champion of the people. Raising tax rates is a double-edged sword though, and we need to be wary of the side of it facing us. Newly minted Rep. Alexandria Ocasio-Cortez has come to Congress with a mission. Sure, a lot of representatives do, but Ocasio-Cortez is particularly passionate […]