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Tax Reform: The Devil You Know

I have often said that tax reform is like the weather – everyone talks about it, but no one does anything about it. With Donald Trump about to become president, and his Republican allies in control of Congress, it would seem to many that tax reform is all but a done deal.

Dollar Rebounds As Trump Talks Trade: "Major Border Tax" Is Coming

Having dumped billions last week to defend the peso, one wonders if the sudden rip higher in the peso (after tumbling on Trump's comments) is yet another intervention by Banxico? While this would not surprise us, there was broad USD weakness as markets were disappointed by Trump's lack of discussion regarding trade... Show More Summary

Ways and Means Committee Chairman Kevin Brady On The Tax Reform Ahead

Texas Republicans and Chairman of the House Ways and Means Committee Kevin Brady was my guest this morning to talk about the first 100 days and tax reform and my Wall Street Journal op-ed on what not to do” (and The Fourth Way): Audio: 01-11hhs-brady Taxes:

The Cheapest (And Most Expensive) Place In The World To Buy An iPhone

We often talk about "Australia Tax", but how bad do we really have it. How do the cost of electronics in this country stack up with others around the world? The Linio Technology Price Index for 2016 breaks it down, and there are some incredible figures here. $97,813.82 for an iPhone7, anyone? More »      

IRS Chief Talks Tax Season Open, Refund Delays & Trump Transition Team

With tax season looming, Internal Revenue Service (IRS) Commissioner John Koskinen and partners from state tax authorities and the tax industry shared what taxpayers need to know in 2017.

A Beginner’s Guide to Trade and Foreign Exchange

A lot of tax discussion recently has focused on foreign exchange rates and border adjustments. Rather than talk about difficult abstractions, I thought it might be helpful to think about things in terms of a real physical business and...Show More Summary

Apple CEO Tim Cook ‘Disrespectful to the Irish People’

last weekNews : Newsweek: US

Cook declined to talk to politicians about Apple's Irish tax affairs.

The IRS Scandal, Day 1336:The IRS Is The Third Biggest 'Tax Offender Of 2016'

Taxable Talk: The 2016 Tax Offender of the Year, by Russ Fox: Every year I hope that I won’t find any deserving individuals of the Tax Offender of the Year Award. To win this award, you need to do more than cheat on your taxes; it has to be a...

Start 2017 Off Right With These 5 Smart Money Moves For January

From filing quarterly taxes to talking finances with your family, these five money tasks will help get your year off to a good start.

Soda Tax, Policing and Weed: Philadelphia Mayor Talks 2016-17

Among his 2016 successes, Philadelphia’s Mayor counts the passing of his proposed soda tax and ensuring fewer pedestrian stops-and-frisks. The post Soda Tax, Policing and Weed: Philadelphia Mayor Talks 2016-17 appeared first on The Good Men Project.

Republicans begin another internal battle over keeping some Obamacare taxes in place

This will end messily. The handful of Republicans who have been paying attention and kind of get how stuff actually works have convinced other Republicans that if they really mean it when they're talking about replacing Obamacare, then...Show More Summary

Double Irish with a Dutch sandwich saves Google $3.6 billion

And no, these are not some deductible noms. We are talking about the tax loopholes that Google used to save $3.6 billion in 2015.

2016 Year-end tax tip: S corporation loans might boost S corporation loss deduction

Yesterday we talked about making capital contributions to an S corporation before year-end to restore basis for deducting K-1 losses.  […]

How To Get A Date When You're An Introvert (Or Just Hate Small Talk)

Dating is rough regardless of your personality type, but it’s especially taxing for introverts who only have so much social energy to spend. Below, experts on introversion share their best advice for putting yourself out there. 1. Remember that small talk has a purpose. Small talk is the bane of most introverts’ existence. Show More Summary

How To Get A Date When You're An Introvert (Or Just Hate Small Talk)

Dating is rough regardless of your personality type, but it’s especially taxing for introverts who only have so much social energy to spend. Below, experts on introversion share their best advice for putting yourself out there. 1. Remember that small talk has a purpose. Small talk is the bane of most introverts’ existence. Show More Summary

Why Trump's "Border Tax Proposal" Is The "Most Important Thing Nobody Is Talking About"

While the market, and various pundits and economists have been mostly focused on the still to be disclosed details of Trump's infrastructure spending aspects of his fiscal plan, "one of the least talked about but possibly most important...Show More Summary

Larry Kudlow, Trump's Likely Pick For Economics Advisor, Is Really Bad at Predictions

3 weeks agoTechnology / Gadgets : Gizmodo

Larry Kudlow making air quotes (YouTube) Larry Kudlow is best known as that talking head on financial TV who wants to cut taxes for rich people. He’s been saying the same thing for a long, long time. But now he’s in the running to become Donald Trump’s choice for the chairman of his Council of Economic Advisers. Show More Summary

MYFEO: It’s The Weak Economy, Stupid… And Yet Everyone’s Talking About The Deficit

Scott Morrison seems to have little strategy for the economy beyond tax cuts for big business, and crackdowns on welfare payments for the poor, writes Ben Eltham. Never has the Coalition’s policy cupboard seemed so bare. The Mid-Year Economic and Fiscal Outlook is one of the last great insider topics of Australian politics. The MYEFO, [...]Show More Summary

Rural electric cooperatives help customers save money

We talk a lot about renewable energy at the Center for Rural Affairs. A big reason for that is because new renewable energy projects can provide a lot of benefits to rural communities – things like new tax revenue to fund local essential...Show More Summary

The Standard Deduction and How to Beat it

Last time, we talked about the potential new tax rates. Much of my concern focussed on the standard deduction, which looks to rise quite a bit at the peril of personal exemptions.  But, as I hinted, there are opportunities to shift things around to our advantage. Let’s look at Schedule A (you can click the […]

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