QUESTION: Hello. You mentioned that the tax cut will allow many companies to expand and hire more staff. At a WSJ forum, Gary Cohen asked a group of CEO’s if they would expand or hire more workers with the corporate tax cut and less than a dozen raised their hands. Some have commented that the savings […]
QUESTION: Hi Marty, I have been reading your blog daily for the last few years, as well as the archives. I just read your explanation of the difference between the house and senate versions of the tax cuts. The only thing that baffles me is not including charitable giving as a deduction. It seems to […]
There are a number of states now looking into imposing a tax on every mile you drive your car. The leader of the pack has been the West Coast. I previously reported that California wanted to tax space shots per mile they flew into the sky. Then California wants to tax taxi drivers per mile […]
Congressional Republicans finally reached a deal on the tax cuts, the biggest reform in 30 years. This sets the stage for a vote next week. The U.S. corporate tax rate was changed upward moving to 21%. The top[ tax rate will be reduced marginally from 39.6% to 37%. The corporate alternative minimum tax will probably be repealed. The […]
The tax cut critics are really just morons if not outright evil people who just want to rob anyone who has more than them. Their analysis put the bill’s total price at $1 trillion, contradicting the Republican argument that the measure would essentially pay for itself. They act as if this is somehow different than […]
The Trump Tax Reform is a very major deal. There are seven brackets in today’s individual tax code. The Senate version of the Trump Reform is not a windfall for the rich lowering their bracket from 39.6% to just 38.5%. The seven tax brackets currently are: 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%. Changes […]
The U.S. Senate on Saturday narrowly approved a tax reform, moving Republicans and President Donald Trump a big step closer to their goal of slashing taxes which will create an economic boom in the United States and draw-in capital from around the globe. This will put tremendous pressure upon Europe, Canada, and even Japan which all tax […]
The Canadian Finance Minister Bill Morneau is refusing to say whether he sold millions of dollars worth of company stock just days before introducing tax changes that may have caused share prices to drop. This type of insider-trading is what politicians always manage to get away with no matter what the country. This dispute is […]
COMMENT: Marty, Really enjoyed the WEC. My only disappointment was not getting to meet you at the Friday evening event and share a drink and a few minuets conversation. Next time for sure. By the way, your team and especially your daughter were absolutely terrific. Very helpful and efficient. Just read your piece on the […]
The Hunt for Taxes is now creating a crisis in healthcare in Britain. The UK government is gearing up for a massive tax clampdown targeting private sector contractors. The UK Treasury estimates in its budget that this taxing of private contractors in healthcare will create £185m in new taxes for the year 2017/18. This is known as […]
