Taxes
  • The Apple logo is pictured on the front of a retail store in the Marina neighborhood in San Francisco, California April 23, 2014. The company is set to announce its first quarter earnings. REUTERS/Robert Galbraith  (UNITED STATES - Tags: BUSINESS SCIENCE

    How 4 Big US Companies Used Their Tax Cuts

    By Michael Rainey

    Bloomberg’s Laura Davison looked at what some major American corporations did with the tax cut windfalls they received in 2018. How did Apple, Walt Disney, Visa International and Starbucks use their...

  • A red traffic light stands in front of the U.S. Capitol building in Washington

    Is the ‘Era of Tax Reductions’ Over?

    By Michael Rainey

    If Greg Valliere, chief global strategist at Horizon Investments, is correct, Wall Street should be worried about the rise of Rep. Alexandria Ocasio-Cortez (D-NY). In a note to clients Wednesday,...

  • Democratic congressional candidate Alexandria Ocasio-Cortez speaks at her midterm election night party in New York City

    The Ongoing Fight Over Ocasio-Cortez’s 70% Top Tax Bracket

    By Michael Rainey

    The lively debate over the proposal by Rep. Alexandria Ocasio-Cortez (D-NY) to raise the top marginal tax rate to 70 percent continues, as it no doubt will for many months to come, with former...

  • Tax Cuts Still Not Paying for Themselves

    By Michael Rainey

    The latest budget data shows, once again, that the tax cuts are not paying for themselves. “It’s time to put to rest any notion that President Trump’s signature tax cuts are paying for themselves...

  • Democratic congressional candidate Alexandria Ocasio-Cortez speaks at her midterm election night party in New York City

    Ocasio-Cortez’s Tax Bombshell: Is a 70% Top Rate Too High, or Not High Enough?

    By Michael Rainey

    Political Rorschach test Rep. Alexandria Ocasio-Cortez (D-NY) sparked a lively fiscal debate this week after suggesting in an interview that the top marginal tax rate in the U.S. should be as high as...

  • A 3D printed Apple logo is seen in front of a displayed Irish flag in this illustration taken September 2, 2016. REUTERS/Dado Ruvic/Illustration/File Photo

    Will the New Tax Law Keep Companies in the US?

    By Michael Rainey

    One of the selling points for the Republican tax overhaul has been that it would put an end to U.S. companies moving overseas in order to reduce their tax bills. The argument is simple: Reducing the...

  • District of Columbia

    Fiscal Policy Isn’t Having Much Effect on the Economy: Brookings

    By Michael Rainey

    For all the debate over the economic impact of the tax cuts and the boost in the federal budget, it looks like fiscal policy had little effect on growth in the first three months of 2018. According...

  • U.S. 1040 Individual Income Tax forms are seen in New York

    US Workers’ Taxes Were About Average in 2017, OECD Says

    By The Fiscal Times Staff

    The taxes American workers pay on their wages are on par with those paid by workers in other developed countries, according to a new report from the Organization for Economic Cooperation and...

  • FILE PHOTO - A worker guides a steel beam into place at a construction site in San Francisco, California September 1, 2011. REUTERS/Robert Galbraith

    Is Business Investment Falling Flat?

    By Michael Rainey

    The Census Bureau on Thursday issued what some saw as disappointing numbers for durable goods orders in March. While the topline results showed a 2.6 percent increase on a monthly basis, core capital...

  • Are the Tax Cuts Boosting the Economy? Why It’s Too Soon to Tell

    By Michael Rainey

    The government’s first estimate of economic growth at the beginning of 2018 was better than expected: GDP increased at a 2.3 percent annual rate in the first quarter, the Commerce Department said...

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