We analyze the effects of personal income taxes on the portfolio shares of six asset classes of private households, including private business equity. In a system of simultaneous demand equations in first differences, we identify the tax effects by an instrumental variables approach exploiting tax ...
The Morningstar “Domicile,”“Fund Legal Structure,”“Global Broad Category,”“Morningstar Category,” and “Index Fund” variables are used to identify the sample of interest. I require all funds to be UK-domiciled (Domicile = UK), to be actively managed (Index Fund = No & F...
Communication strategy: Set clear communication standards for how you’ll respond to customer comments, reviews, emails or phone calls. 12. Create a professional business website Building a strong website and setting goals for your website is an absolute must when starting a business. For most ...
For inelastic goods (products for which demand remains more or less the same despite fluctuations in price), such as oil and electricity, consumers change their habits to respond to rising or dropping prices. When for example oil prices rise, people will try to use their car less often, driv...
To function properly, the economy needs fiscal and monetary authorities to play their respective parts: Plan and prioritize spending at the national level. Collect taxes and issue debt securities so the nation’s bills can get paid. Control the supply and demand of money to facilitate consumpti...
Tax loss-harvesting allows you to either offset capital gains or, if losses exceed gains, deduct up to $3,000 against ordinary income annually. Moreover, if there are any leftover losses, they can be carried forward indefinitely to use at a later date when you have more capital ga...
How Debt Affects Your Mental Health and Ways to Cope: Paying off debt can be a long-term endeavor if you have steep high-interest balances. But it’s important to keep things in perspective and take care of your health. What Is Auto Loan Refinancing?: Understand how refinancing your auto...
Paying in cash often means no paper trail, leaving you open to the risk of a tax discrepancy or even an audit. This also makes it possible for freelancers to evade some taxes or make mistakes when reporting their business income, which can lead to more questions and challenges at tax time...
revenue doesn’t change much with changes in the rate. This means the Laffer Curve will be steeper, as revenue doesn’t respond strongly to tax rate changes. Conversely, if a tax is elastic, small changes in tax rates can lead to large shifts in economic activity, making the curve flatter...
A tax lien is a claim against the assets of an individual or business who fails to pay their tax debt to the government. This is related to but different from a tax levy, which is the act of taking the property if the subject of a lien neglects to make arrangements to settle their ...