by Linda Beale ABA Tax Section Report on the Economic Substance Doctrinecrossposted with Ataxingmatter The ABA Tax Section put together a large working group to write a report on the newly codified economic substance provision–Download ABA Economic Substance. Comments on Notice 2010-62. The working group was led by several people, including Michael Desmond, who just […]
There are two measures of income: the spending side (Gross Domestic Product, or GDP) and the income side (Gross Domestic Income, GDI). I’d like to see what GDI is telling us about the Y/Y recovery, since it’s a better predictor of turning points, according to FRB economist Jeremy J. Nalewaik. The chart illustrates the contribution […]
Run75441 sends a note and this post: The Bell presents a good read at his blog giving a non-partisan perspective of the tragedy in Tucson AZ and how it may affect our future outlook: Children of Tragedy Which Face Will Be Our Face? Pundits and politicians from both sides of the ideological divide were quick […]
Health Care: The Best Jobs in Health Care Teaching seminars and advising college students headed for various health careers, I am often asked about the ‘best” health care careers. During a seminar many years ago I came up with a top five, and after some thought I think the list is still valid. Draw any […]
Between deadlines and strange website blockages, I missed this yesterday. Via Steve Randy Waldman (whose “Interfludity” is blocked) and Mark Thoma (whose isn’t) comes Really Bad News: To all Maxine Udall Girl Economist Readers: It is with great sadness that we bring you the news that Dr. Alison Snow Jones, aka Maxine Udall, Girl Economist, […]
by Mike Kimel Tax Rates v. Real GDP Growth Rates, a Scatter PlotCross posted at the Presimetrics blog. This post was submitted by Kaleberg. In this post, I will look at the relationship between top marginal income tax rates and real GDP growth using a scatter plot. I am inordinately fond of scatter plots. The […]
Norwegian boy fends off wolves with Creed song He was listening to “Overcome” by Creed, an arguably Christian rock band, and apparently, the wolves were not fans. (Initial reports indicated Walter shooed the wolves away with a Megadeth song,) Ah yes the old Creed vs Megadeath conundrum. Throw in some Black Sabbath and we could […]
The Ryan Roadmap was introduced and then dropped into obscurity as Republicans simply ignored it and appararantly its author, the House Budget Committee Ranking Member Paul Ryan. Well that was then, today that is CHAIRMAN Paul Ryan and the official respondee to the SOTU plus the man who has unilateral control over budget levels this […]
Rob Farley of Lawyers, Guns, and Money beat me to the short one, so there is only: though I admit being partial to or even
He wrote The right kind of focused, temporary government spending can also be a powerful job creator. Over the next generation, we desperately need to improve our road, air, and rail networks and to modernize our systems for distributing electricity. We should be doing as much as possible of this work now, to spur recovery. […]