by meep
There was a piece out in the NYT about the supposed historical trend of all taxes paid by people at various income levels.
It was an excerpt from a new book, but as with Piketty’s big book, I have no intention of getting the book or reading it. I just...
by meep
This is rich (to me).
A leftie source complains that highly-taxed folks see their property values drop due to increased taxes.
Boo hoo.
Trump’s trillion-dollar hit to homeowners
In recent weeks, President Donald Trump has been talking about plans for, as he put it, a “very substantial tax cut for middle income folks...
by meep
I’m still tweaking my update of my pension plan cash flow spreadsheet, so while I’m doing that, I’m thinking about the hard choices being made by politicians (and taxpayers) as money gets tighter.
First, I saw this at the Tax Prof blog: My University Is Dying; Soon Yours Will Be,...
by meep
(SALT cap zero NOWWWWW!)
WSJ: Judge Dismisses States’ Challenge to Trump Tax Overhaul
A federal judge on Monday dismissed a lawsuit filed by four East Coast states that said part of the 2017 federal tax overhaul is unconstitutional because it was politically motivated.
The focus of the lawsuit in...
by meep
As in: Nunya business.
Sanders Calls for ‘National Wealth Registry’ to Enforce New Tax
Democratic presidential candidate Senator Bernie Sanders on Tuesday rolled out his plan to levy an “extreme wealth tax” on millionaires and billionaires, which he plans to enforce through the creation of a “national wealth registry.”
….
The Vermont...
by meep
While I have generally been against divestment policies for public pensions (especially when they come from outside parties with no fiduciary duties), there are some sectors where divestment makes a lot of sense.
Let me start with private prisons because this is actually one of the strongest divestment cases for government...
by meep
Yesterday, Truth in Accounting released their tenth annual State of the States report. The full PDF of the report can be found here.
Using the data in the report, I’ve made some visualizations – first everybody, and then, some key states.
SURPLUS AND DEFICIT
Using the...
by meep
Shocker, right?
Senate Dems say tax officials inflated prepared foods levy
Senate Democrats backed away Monday from the new sales tax surcharge on prepared foods, saying Gov. Ned Lamont’s administration made it far broader in scope than lawmakers intended.
The announcement comes on the heels of objections raised last week by House...
by meep
Because they’re getting to be a bigger part of the population.
WSJ: How Do You Tax a Baby Boomer?
The problem with old people is that they eventually stop working. This intractable reality normally bubbles into our political consciousness as we contemplate government spending on retirement benefits. Now at long...
by meep
A higher tax on luxury real estate sales is one of Lightfoot’s new revenue solutions
In order to shrink the $838 million budget gap Chicago faces next year, Mayor Lightfoot says she wants to avoid raising property taxes but is committed to taxing pricey home sales at a higher rate.
During...
meepbobeep
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