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The truth about corporate tax cuts

I joined Business Insider Editor-in-Chief Henry Blodget on this week's episode of The Bottom Line. We discussed the pros and cons of President Trump's proposed tax cuts, which would slash income tax rates on businesses from 35% to 15%. Most...Show More Summary

Oregon tax proposal: Tax more businesses, lower income tax

Oregon lawmakers next week will unveil a corporate tax overhaul akin to Measure 97 — the multi-billion-dollar tax hike proposal on big business that voters rejected in November — that … Click to Continue »

Massive, Huge Trump Tax Plan: One More Promise Kept

According to Gallup this week, 57 percent of Americans believe that their federal income taxes are too high. That fact alone should help put the wind at the backs of members of Congress pushing for tax cuts this year. The Trump administration...Show More Summary

GM backs tax overhaul, but it has found a better deal

Americans' interest in trucks and sport-utility vehicles lifted GM's net income.        

Democrat for governor pledges to raise income tax on wealthy

A Democrat seeking to be Virginia's next governor is pledging to raise income tax rates on the wealthy while providing a childcare credit he said would help lower- and middle-class … Click to Continue »

Drink This: Sherry on tap is a dreamy taste of Spain at Income Tax

Walk into Income Tax on any given night, and grab a seat at the matte white marbled bar. Let the helpful bartender walk you through the breezy little menu of bites and the wanderlust-inducing wine list, but before you go any further, be sure to ask for a glass of the sherry on tap. For a while,...

For GM, tax reform is nice, but old tax benefits are nicer

Americans' interest in trucks and sport-utility vehicles lifted GM's net income.        

How Trump's new tax reform proposal may affect every income bracket

How things could change, from itemized deductions to estate taxes, with Trump's latest tax plan.

GOP leaders unite against high income tax increase

Republican Senate and House leaders say they will not back any Maine budget proposal that includes a tax increase on high earners. The Sun Journal (http://bit.ly/2oNB7ba ) reports the backlash … Click to Continue »

President Trump’s tax plan could slash Trump’s taxes

3 days agoNews : USAToday: News

The president could benefit from his plan to slash income, corporate and estate taxes.        

Likely Winners & Losers Under The Trump Tax Plan

President Trump offered up a sweeping overhaul of the Tax Code, including changes to the corporate tax, estate tax, and individual income tax. Despite the broad and ambitious scope of the proposal, it was notably short on details. Here are some of the likely winners and losers under the plan.

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, WTW)

Trump's tax plan is out. Key details from the plan include lowering the corporate tax rate to 15% and reducing the number of personal income tax brackets from seven to three with rates of 35%, 25%, and 10%, respectively. Trump won't 'terminate' NAFTA. Show More Summary

Accountant's sentencing delayed again in charter school scam

Sentencing has been delayed again for an accountant who pleaded guilty to helping the founder and former CEO of Pennsylvania's largest online charter school avoid federal income taxes on more … Click to Continue »

10 things you need to know before the opening bell

Trump's tax plan is out. Key details from the plan include lowering the corporate tax rate to 15% and reducing the number of personal income tax brackets from seven to three with rates of 35%, 25%, and 10%. Trump won't 'terminate' NAFTA. Show More Summary

Actually Curbing Tax Avoidance by Companies Shifting Profits Overseas Is Not Hard

The NYT had an article discussing various efforts to deal with companies shifting profits overseas to avoid paying the corporate income tax.The piece implies that we don't know how to ensure that companies pay taxes on foreign profits. Actually, it is not hard to design a system where companies cannot avoid paying taxes on their foreign profits. Show More Summary

Trump Tax Cuts To Add As Much As $7 Trillion In Debt

While today's "tremendously" vague one-page summary of Trump's tax plan had barely any detail - it did not even include the income ranges for the three personal income tax brackets - it did contain enough information for the CRFB toShow More Summary

Is it Time to Sell Real Estate?

Already, we’re seeing new inventory coming online, and many people, including retirees, are moving to Texas and Florida where there is no state income tax, housing is affordable and the climate is warm. “For some people, it makes a huge amount of sense to sell while...

Controlling the "100 days" narrative.

With 3 days left to go in the vaunted "100 days"...1. Trump drops his tax proposal...President Trump on Wednesday proposed sharp reductions in both individual and corporate income tax rates, reducing the number of individual income tax...Show More Summary

The Trump plan: Every bad tax idea, in one place

A hop, a skip and a jump ahead of Saturday’s 100-day benchmark for President Trump, his administration’s income and corporate tax plan was unveiled on Wednesday. That might be the right word for it. The unveiling of the headstone is what happens in Jewish tradition a year after the death of the...

Donald Trump tax plan to cut income tax of wealthiest Americans by five per cent

4 days agoHumor / odd : The Sideshow

Donald Trump has proposed a plan to cut the income tax rate for America's top earners by close to five per cent as part of reforms promised during his election campaign. The proposal would reduce the number of US tax brackets from seven to three, according to a White House summary. Show More Summary

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