Class in 21st Century America
A discussion of class in America in the 21st Century through analysis of differential financial behavior as incentivized by the tax code
A discussion of class in America in the 21st Century through analysis of differential financial behavior as incentivized by the tax code
Successful musicians, athletes, politicians, big business; they all figured how to beat taxes while asking us to donate our time and money for causes they chose to support
Who needs malice by the IRS when some good, old fashioned bureaucratic indolence can do the job just as ruthlessly.
There are a handful of philosophies when it comes to tax time but the three main ones are something like this…
A special “Em ran out of time” edition of the Wednesday Writs with some great moments in SCOTUS sarcasm, Trump’s new immigration rule, health insurance vs. drug manufacturer, reality TV tax evasion scandal, the crap show that is Barstool Sports, and more.
Your Ordinary World ft. links to stories on San Diego Synagogue shooting, Joe Biden, America’s narrative, taxing the rich, Trump 2020 and more.
Targeted tax breaks have a poor track record, providing only 16 cents of economic growth for every dollar awarded.
People want a simpler tax code … except for the mortgage interest deduction. And the charity deduction. And state local taxes, definitely. And daycare, obviously. And …
“I could never lend myself to any transaction, however respectable, that would commercialize on the prestige and dignity of the office of the presidency,” – Former President Harry Truman
Everyone pays taxes, even if their 1040 doesn’t result in any more tax payment.
Instead of raising tax rates on high-income earners, a smarter way for progressives to raise taxes on higher-income earners would be to eliminate itemized deductions: tax breaks that allow primarily upper-middle and upper-income earners to write off various expenses.
Tax Day 2018 always brings out the cries of “Taxation is Theft!” from many, especially our friends in the libertarian contingent. But is it, and where are the lines between taxation is theft, taxation with representation, and oppressive forced funding of tyrannical government?