by Linda Beale Senate Finance Committee cuts tax return preparer regulation As most tax practitioners realize, many people who hold themselves out as “tax return preparers” actually know nothing about the tax laws and may even assist their clients in cheating on their taxes by inventing home offices, travel-away-from-home expenses, or other fictional deductions. The […]
So Sanders and Clinton are arguing about soda taxes — Clinton for, as a way to raise money for good stuff while discouraging self-destructive behavior, Sanders against, because regressive. I have no illusions that rational argument will make much difference in the short run; we’re in that stage where anything Clinton supports is ipso facto […]
The Mormon church reaches out over the whole world to get converts. Their missionaries present pamphlets about their history and doctrines. The pamphlets paint a picture of wholesomeness and purity. Yet the pamphlets are propaganda that distorts historical truth. It is important to know the truth behind Mormonism because members of the church have become […]
by Linda Beale Another Right Wing Propaganda Tank Piles On Tax Complexity Bandwagon As noted in my last post, part of the fanaticism that is surging in the current obstructionist Congress relates to taxes (quel surprise…). The JEC ran a hearing on Wednesday targeting “complexity” in the tax code as a source of humongous problems. […]
In a large multiplayer prisoner’s dilemma, any change in any one individual’s strategy doesn’t affect anyone else, so a player can know that defection will be a Pareto improvement. We might say that the problem of social evil is that the road to hell is paved with Pareto improvements. — Ted Poston, “Social Evil,” Oxford […]
by Kenneth Thomas New OECD tax agreement improves transparency — but the US doesn’t sign and the US press won’t tell you UPDATED Last week 31 countries signed a new Organization for Economic Cooperation and Development (OECD) agreement providing for country-by-country corporate information reporting and the automatic exchange of tax info between countries under the […]
by Linda Beale Should simplicity be a primary goal of tax reform? I was at a housewarming party last Saturday and talked to quite a few people I didn’t know. One was an economics professor at a regional school. Naturally, economists and tax professors gravitate towards talk about the economy and tax policies, so it […]
by New Deal democrat Consumer Expenditures Survey: incomes rose sharply from June 2014-June 2015 A major piece of data came out last week that has been totally unreported in the media and econoblogosphere: the Consumer Expenditures Survey (CES) for June 2014- June 2015. This is the first CES report to include the period of rapidly […]
The US suicide rate has increased dramatically (via Kevin Drum whose commentary is excellent as usual) I have two thoughts about possible causes One hand gun ownership. I know the rate of gun ownership has declined (always explained by the alleged decline in hunting). It is rare for people to kill themselves with rifles. I […]