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Tag Archives: tax deductions
Troubling Data Points
Via Paul Bucheit: “1. Only THREE PERCENT of the very rich are entrepreneurs. According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and … Continue reading
The Economic Effect of Letting Bush Tax Breaks for the Wealthy Expire
One of the most contentious issues facing the nation is developing a plan to avoid going over the fiscal cliff. Obama desires to let all of the Bush tax cuts expire except for those who make more than $250,000 a … Continue reading
Posted in Economy, Government, Income Distribution, Inequality, Socio-economic Status, Taxes, Wealth
Tagged budget, Bush tax cuts, debt, deficit-reduction, economic growth, economy, employment, fiscal cliff, fiscal policy, GDP, income distribution, inequality, job creation, jobs, marginal tax rates, monetary policy, Reagan, regressive tax cuts, sequestration, socio-economic status, supply side, tax cuts, tax deductions, trickle-down, trickle-down economics
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The Des Moines Register’s Endorsement of Romney Doesn’t Conform to the Facts
The Des Moines Register’s endorsement of Governor Romney is based on the view that the candidate will improve the economy, create new jobs and reduce the deficit. The endorsement also has great expectations for Romney’s ability to bring Democrats and … Continue reading
Posted in Economy, Elections, Government, Income Distribution, Inequality, Presidential Leadership, Taxes
Tagged bipartisanship, budget, Bush tax cuts, debt, deficit-reduction, Des Moines Register, economic growth, economy, elections, endorsement, inequality, job creation, jobs, marginal tax rates, math, monetary policy, Reagan, regressive tax cuts, Romney, Ryan, supply side, tax cuts, tax deductions, trickle-down, trickle-down economics
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Another Serious Blow to Romney’s Mathematically Impossible Tax Cut Claims
The Romney tax cut claim that a 20 percent reduction in marginal tax rates can be offset by reducing tax deductions, thereby not adding to the deficit, has been shown by the nonpartisan and respected Joint Committee on Taxation (JCT) … Continue reading
Posted in Economy, Elections, Government, Taxes
Tagged Joint Committee on Taxation, marginal tax rates, math, Romney, tax cuts, tax deductions
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The Best Summary of Romney’s $5 Trillion Tax Cut Promises
I’ve read several treatises on Governor Romney’s promised tax plan. The following is the most concise, but importantly the most clear summary of the issues associated with Romney’s promised $5 trillion tax cut. Via Brad DeLong: Grasping Reality with Both … Continue reading
Posted in Economy, Elections, Government, Income Distribution, Socio-economic Status, Taxes
Tagged arithmetic, distortions, economic growth, loopholes, marginal tax rates, Romney, Ryan, studies, tax cut, tax deductions
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