A professor of history at the University of Chicago,Peggy O’Donnell Heffington, hasa columnin theWashington Postabout this topic. Here are some excerpts. One of the most striking trends is the number of students who have told me they feel robbed of the ability to have children, cheated out...
Second, the tax treatment of business changes in ways that would both help Trump and hurt Trump. The most important thing to realize is that the convoluted corporate income tax (as well as parts of the personal income tax such as Schedule C) are replaced by a very simple cash-flow system...
change…the entire tax schedule, so that all households below the mean labor income face lower average taxes, while those above the mean income face higher average taxes. Since…richer individuals face higher taxes, all else equal, the government collects more taxes. All else, however, is not...
Here’s another comparison, which shows the difference over time between expensing and a five-year deprecation schedule. I’ve also made it more realistic by showing a loss in the first year. In both examples, our entrepreneur’s five-year tax bill is $3. But the timing of the tax matte...
Another 37 days are in February, April and September, which reflects the fact that my teaching schedule is likely to be an ongoing obstacle to getting these days. I also have 11 days left in December, mostly in the first two weeks, which also conflict with my teaching duties. Still I ...
The most important thing to realize is that the convoluted corporate income tax (as well as parts of the personal income tax such as Schedule C) are replaced by a very simple cash-flow system. Here’s how Professors Robert Hall and Alvin Rabushka describe the business portion of the flat ...