Posted inClimate change,Elizabeth Warren,Environmentalism,Global warming,Hypocrisy, taggedClimate change,Elizabeth Warren,Environmentalism,Global warming,Hypocrisyon April 25, 2024|4 Comments » It’s only April, but I suspect Senator Elizabeth Warren, adoctrinairestatistfrom Massachusetts, is going to ...
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...
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 ...