Sunday, April 30, 2017

The Trump Tax Plan (Big Tax Cuts)

Under Trump's plan, taxes on corporate profits go from 35% to 15%. They should be zero (like the Bahamas), but this is a good start. Taxes on capital gains go from 23.8% to 20%. Again, it should be zero (as with New Zealand), but it is a start. Rates for all individuals are lowered to three: 10%, 25%, and 35%. The standard deduction for individuals is doubled (politically brilliant). The estate tax and the alternative minimum tax is gone. Popular deductions for charitable giving and mortgage interest are preserved. The hare-brained idea of a “border adjustment tax” is toast.

All of this is wonderful, but the shining light of this plan is the dramatic reduction in taxes on corporate profits. The economics of this are based on a simple but profoundly true insight. Economic growth is the key to a good society. This is where good jobs come from. This is how technology improves. This is what gives everyone a brighter outlook on life. If you can imagine that your tomorrow will be more prosperous and flourishing than today, your life seems to be on track.-Trump’s Tax Plan Is Brilliant Politics and Even Better Economics

Thursday, October 20, 2016

Friday, September 2, 2016

Bret Alan's Corner: Pardon My French

If you want to make something bland seem better, say it's "French." You kiss family, but you French kiss someone you would fuck. Vanilla is synonymous with "plain," but French vanilla is exotic. Bread? No thanks. Oh, it's a French loaf? Well, maybe a little. You're toasting it? Never mind. Wait, it's French toast? Yes please! Maids are not exactly glamorous, but a French maid is a sexual fetish. Did you over roast your coffee beans to the point that they taste burnt? No you didn't, it's a French roast! And remember, I don't use vulgarity, but pardon my fucking French.
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