• About
  • Contact
  • Editorial
  • Policies
  • Archives
Angry Bear
Relevant and even prescient commentary on news, politics and the economy.
  • US/Global Economics
  • Taxes/regulation
  • Healthcare
  • Law
  • Politics
  • Climate Change
  • Social Security
  • Hot Topics
« Back

Open thread Dec. 19, 2017

Dan Crawford | December 19, 2017 8:59 am

Comments (5) | Digg Facebook Twitter |
5 Comments
  • Denis Drew says:
    December 19, 2017 at 11:43 am

    The Republican Tax Bill Will Send More Jobs Overseas
    Kevin DrumDec. 18, 2017
    http://www.motherjones.com/kevin-drum/2017/12/the-republican-tax-bill-will-send-more-jobs-overseas/#

    “First, a corporation would pay that global minimum tax only on profits above a “routine” rate of return on the tangible assets — such as a factory — that it has overseas. So the more equipment a corporation has in other countries, the more tax-free income it can earn.”

    “Second, the Senate bill sets the ‘routine’ return at 10 percent — far more generous than would typically be the case….As a result, a U.S. corporation that builds a $100 million plant in another country and makes a foreign profit of $20 million would pay roughly $1 million in tax versus $4 million on the same profits if earned in the United States … ”

    “Finally, the minimum levy would be calculated on a global average rather than for individual countries where a corporation operates. So a U.S. multinational could lower its tax bill by shifting profits from U.S. locations to tax havens such as the Cayman Islands.”

  • Bkrasting says:
    December 19, 2017 at 1:34 pm

    Does the ending of the Individual Mandate mean that ACA is now in a death spiral?

    John Roberts was heralded as the savior of Obamacare with his 2012 ruling that the penalty for not having insurance was a “tax”.

    Were we all fooled by that? We now know that the ruling was what sunk the Mandate when tax cuts came on the table.

    I think the Trump tax cuts will go the way of Obamacare. Any major legislation that is passed with ZERO bipartisan support is doomed when the political pendulum swings from extremes.

    Who said that repeating things that do not work was the ultimate form of insanity?

    • run75441 says:
      December 19, 2017 at 10:29 pm

      Yawn . . .

  • Lyle says:
    December 19, 2017 at 5:55 pm

    I did some more calculations and married couple filing jointly with two children under 17 would have to make more than 59k to pay any net taxes after the child tax credit. That is only about 2k above the household median income for the US as a whole. While it may expire in 2026 recall the financial cliff of late 2012 when the bush tax cuts were going to expire for the same reason:https://en.wikipedia.org/wiki/United_States_fiscal_cliff (due to the reconciliation rules).

  • Lyle says:
    December 19, 2017 at 5:57 pm

    On another topic women now make up 50.7 % of the first year medical student enrollment :http://www.insidehighered.com/quicktakes/2017/12/19/women-are-majority-new-medical-students. Women up 3.2% men down .3%

Featured Stories

Macron Bypasses Parliament With ‘Nuclear Option’ on Retirement Age Hike

Angry Bear

All Electric comes to Heavy Equipment

Daniel Becker

Medicare Plan Commissions May Steer Beneficiaries to Wrong Coverage

run75441

Thoughts on Silicon Valley Bank: Why the FDIC plan isn’t (but also is) a Bailout

NewDealdemocrat

Contributors

Dan Crawford
Robert Waldmann
Barkley Rosser
Eric Kramer
ProGrowth Liberal
Daniel Becker
Ken Houghton
Linda Beale
Mike Kimel
Steve Roth
Michael Smith
Bill Haskell
NewDealdemocrat
Ken Melvin
Sandwichman
Peter Dorman
Kenneth Thomas
Bruce Webb
Rebecca Wilder
Spencer England
Beverly Mann
Joel Eissenberg

Subscribe

Blogs of note

    • Naked Capitalism
    • Atrios (Eschaton)
    • Crooks and Liars
    • Wash. Monthly
    • CEPR
    • Econospeak
    • EPI
    • Hullabaloo
    • Talking Points
    • Calculated Risk
    • Infidel753
    • ACA Signups
    • The one-handed economist
Angry Bear
Copyright © 2023 Angry Bear Blog

Topics

  • US/Global Economics
  • Taxes/regulation
  • Healthcare
  • Law
  • Politics
  • Climate Change
  • Social Security
  • Hot Topics
  • US/Global Economics
  • Taxes/regulation
  • Healthcare
  • Law
  • Politics
  • Climate Change
  • Social Security
  • Hot Topics

Pages

  • About
  • Contact
  • Editorial
  • Policies
  • Archives