With all of the talk about what the ramifications of a wealth tax may involve, we’ve neglected to address the issue of how to measure it, especially with stock positions. The very fact that people may have to liquidate assets in order to pay taxes that are due is a scary enough prospect. There is […]
In spite of all the economic concerns out there about the proposed wealth taxes from Bernie Sanders and Elizabeth Warren, one Wall St. Economist thinks they are too small. The fact that modern economies are living on borrowed time is far from news, even though not a lot of people care or dare to think […]
Two economists who advise presidential candidates Elizabeth Warren and Bernie Sanders say that the 400 wealthiest families pay a lower tax rate than the middle class. It seems that it isn’t just politicians that have axes to grind, as we now have a report out there from a couple of politically motivated economists that is […]
It is no secret that Bernie Sanders isn’t too keen on people having massive amounts of wealth, and he wants to appoint himself as the one who decides how much is too much. Democratic politicians are already well known for their love of economic redistribution, what we could call the Robin Hood approach to government. […]
Carbon taxes and other measures designed to try to reduce our carbon emissions are seen by a great many people as essential these days. They need to think this through more. We’ve seen a lot of what we could call anti-carbon parades this week, with the focus on what we can do and may need […]
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 […]