A Government Shutdown Grows More Likely
No bipartisan solution yet. House Republicans have signaled they will not consider a bipartisan Senate plan for a short-term government...
Tax
Heathrow does not need a new runway. Only a naive belief in growth suggests that it does.
The FT has an article this morning which asks: I have not read the piece in full. I did not...
Charging capital gains tax on the final disposal of a person’s main residence might raise £10 billion of tax a year
I have this morning published the next in my series of proposals that will make up the Taxing Wealth Report 2024....
People are dying because of the impact of inflation. That is by government choice, and is not a necessity.
The news round is, once again, dominated by small-minded and vindictive petty squabbling this morning, with Suella Braverman in the...
Earlier Government Shutdowns Offer A Glimpse Of What Taxpayers Might Expect From IRS, Other Agencies
The federal government is headed towards a potential shutdown.getty Remember that huge IRS backlog? It's easy to think back and...
Blogging might be sparse today
I am not feeling anything like 100% this morning. I suspect this is a reaction to having had two vaccinations...
Labor Share of Net Income is Within Its Historical Range
As increased political attention focuses on the state of the American worker, expect to see a resurgence of the argument...
RSBs Can Rescue Our Retirements
Can we pay the bills?getty When Robert Merton, MIT finance professor and Economics Nobel laureate, speaks, we should listen. Fifty...
Tax Planning For Traders
Tax planningShutterstock Recent tax acts don’t change trader tax status (TTS), Section 475 MTM accounting, wash-sale losses on securities, or...
USITC Report Highlights Trade-Offs of Using Tariffs
The assessment of the tariffTariffs are taxes imposed by one country on goods or services imported from another country. Tariffs are trade...