Yesterday I commented on Mankiw's post where he inexplicably linked carbon tax revenue to lower income taxes, as is his wont. We received a comment about the optimal Pigouvian tax. I think this excerpt summarizes well: Even in the simplest settings there's also a tax-interaction effect whereby a pigou tax,...
My accountant has had a paperless office from day one. All incoming documents are scanned into their computer. We review my taxes on a big computer screen and documents are digitally signed. Neat. However, not all accountants are like this – I’d say in fact most are NOT like this. Show More Summary
Earlier today, when we reported that based on Hillary Clinton's latest tax disclosure, she and her husband had made $139 million in gross income since 2007 most of its from private speaking fees, the one aspect that readers founds most...Show More Summary
You really can’t make this sort of thing up. Hillary Clinton late Friday afternoon released her 2007-2014 tax returns, showing that she and Bill reported $139.1 million in adjusted gross income, paid $43.9 million in taxes (a 31.6% tax rate), and made $15 million (10.8% of their AGI) of charitable contributions, $14.9 million of which went […]
Clinton told ABC’s Diane Sawyer in a June interview, “We came out of the White House not only dead broke, but in debt." Ever since Mitt Romney's tax disclosure fiasco in which allegations of tax avoidance and usage of offshore tax shelters...Show More Summary
The Clintons earn a lot income, and pay a lot in taxes. Former President Bill Clinton and Democratic presidential candidate Hillary Clinton released eight years of tax returns over the weekend. They paid about $43 million in federal taxes between 2007 and 2014 on earnings of $139 million. Show More Summary
Saturday: This Week's Ten Most Popular TaxProf Blog Posts Hillary Clinton Releases Her 2007-2014 Joint Tax Returns Reporting $139 Million Income; 99% Of Charitable Contributions Went To Family Foundation Tax Panel Today At SEALS The IRS Scandal, Day 814 Sunday: ABA Task Force Punts On Law Student Debt Reform Tax...
You are not alone. There are countless Gen X-ers in high tax brackets that directly impact their ability to save. In 2015, married joint tax filers with a combined income of $74,901 are in the 25% tax bracket; single filers enter the 25% bracket at $37,451. State income tax can [...]
From a tax standpoint, Alaska is a pretty cool location. The Last Frontier doesn't collect any individual income tax. It also doesn't have a state sales tax. Local Alaskan governments, however, do have the option to collect sales and other taxes. Show More Summary
Hillary Clinton late Friday afternoon released her 2007-2014 tax returns, showing that she and Bill reported $139.1 million in adjusted gross income, paid $43.9 million in taxes (a 31.6% tax rate), and made $15 million (10.8% of their AGI) of charitable contributions, $14.9 million of which went to the Clinton...
If your child's scholarship makes you ineligible to claim the $2,500 American Opportunity Tax Credit for college expenses, claim a portion of the scholarship as taxable income to your child and pick up $2,500 per year in tax savings...
Hillary and Bill Clinton earned roughly $141 million and paid nearly $44 million in federal income taxes from 2007 to 2014, according to tax returns released Friday. The former secretary of state and Democratic presidential candidate...Show More Summary
WASHINGTON (AP) — Democratic presidential candidate Hillary Rodham Clinton and her husband, former President Bill Clinton, earned more than $139 million between 2007 and 2014, according to eight years of federal income tax returns released...Show More Summary
Mark Dice asks people to help fight sexism with a sexist tax.
Income inequality is a hot topic globally, and a focal point in the U.S. especially after the 2008 financial crisis. Most popular policy prescriptions revolve around the campaign friendly topic of redistributing wealth: tax the rich, and send the money to the poor. Show More Summary
Reuven S. Avi-Yonah (Michigan), The Case for a Destination-Based Corporate Tax: In 1993, I published a paper advocating a destination-based corporate income tax (DBCT) (Avi-Yonah, 1993). Under DBCT, multinational enterprises (MNEs) would be treated as unitary businesses and taxed based on where they sell their goods or services, i.e., on...
Most people assume marriage means you get a big tax break. The idea is: you combine both incomes and pay a single, reduced income tax. This is true in many cases, but not all of them. This calculator tells you whether you can expect to get a bonus or penalty when it comes time to file your taxes as a married couple. Read more...
Former U.S. Rep. Mel Reynolds pleaded not guilty Thursday during his first appearance in federal court since he was indicted last month on charges he failed to file income tax returns from 2009 through 2012.
Must- and Should-Reads: Martin Feldstein: [The U.S. Underestimates Growth](http://www.wsj.com/articles/the-u-s-underestimates-growth-1431989720) William Gale: [State income tax cuts: Still a bad idea](http://www.brookings.edu/research/opinions/2015/07/28-state-income-tax-cuts-bad-idea-gale#.Vbj7N6dEldI.twitter)...Show More Summary
Statoil delivered Adjusted earnings of NOK 22.4 billion and adjusted earnings after tax of NOK 7.2 billion in the second quarter. Statoil reported Net income in accordance with IFRS of NOK 10.