Taxing Matters

Check out the accompanying pdf and chart collection. (1) Third round of relief checks. (2) Record increase to record high in personal income. (3) Personal saving at record high. (4) Plenty of liquidity available to push real GDP to record highs over rest of 2021. (5) Why raising tax rates may not raise tax revenues. (6) Economic growth is the best driver of tax revenues. (7) Tax expenditures are a sinkhole of exemptions and deductions. (8) Taxing capital gains. (9) The One Percent is paying more than 40% of federal income taxes. Isn’t that enough? (10) Trump’s tax cut benefitted people who probably hired more people with their tax windfalls. (11) Movie review: “Quo Vadis, Aida?” (+ + +).