Average U.S. tax burden at 40-year low
I finished up my tax return this weekend. I did it myself, using Turbo Tax, and ran it by our new accountant (because I left BusinessWeek in 2009 and started a new business, the return is more...
View ArticleA Bad Decade: 10-Year Private Income Growth Goes Negative
Each month the BEA releases figures for personal income and disposable personal income. These figures are a mix of private sector income and money received by individuals from the government. These...
View ArticleTax Cuts and Growth
Ezra Klein writes: If you’re worried about stimulus, joblessness and the working poor, this is probably a better deal than you thought you were going to get. That’s my feeling too. My short-term...
View ArticleNeeded: A ‘Global-Compatible’ Tax System
President Obama is thinking about a broad overhaul of the income tax system, closing loopholes and lowering rates. (“Obama Weighs Tax Overhaul in Bid to Address Debt”). But in today’s global economy,...
View ArticleImport Recapture Strategy
From the NYT, on rising Chinese export prices: Markups of 20 to 50 percent on products like leather shoes and polo shirts have sent Western buyers scrambling for alternate suppliers…..Already, the...
View ArticleThe Gingrich Tax Plan
I have a new essay on the Atlantic.com on Gingrich’s tax plan. Here’s the essay: “It starts very simply: Taxes, lower taxes.” That was the first line of Newt Gingrich’s explanation of how he would...
View Article1.3 million jobs lost to rising imports since 2007
Here’s a quick question. The U.S. has lost 4 million private nonconstruction jobs between 2007 and 2011. The major causes of this job loss include: A) Weak demand; B) Strong productivity growth; C)...
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