TaxVox

Homeowners, Can You Pay Down Mortgage Debt Through Asset Rebalancing?

November 20, 2019 –

Several changes in the Tax Cuts and Jobs Act (TCJA) significantly reduce the tax benefits of taking out a home mortgage (though these changes are...

Individual Taxes

Taxing The Scholarships Of College Athletes Is A Personal Foul

November 13, 2019 –

Late last month, the NCAA said college athletes could get paid for the commercial use of their likenesses or names, though it appeared to limit...

State and Local Issues

State Tax Debates Could Use Some (Customized) State Economic Data

November 12, 2019 –

Politicians love to make claims about tax policy. This tax cut will create jobs! That one forced the school district to fire teachers! But too...

Warren’s Plan To Tax Assets And Returns To Those Assets Is Unrealistic

November 7, 2019 –

Democratic presidential hopeful Elizabeth Warren has proposed a number of new taxes on high-income households. Add them up and many of the very wealthiest could pay marginal effective tax rates of more than 100 percent.

Individual Taxes

When It Comes to Tax Policy, Should Getting Mad Mean Getting Even?

November 6, 2019 –

What happens when policymakers are not just trying to change economic behavior with tax policy? What happens when they're mad at an individual or organization?

Warren’s Medicare For All “Employer Medicare Contribution” Is A Distortionary And Regressive Tax

November 5, 2019 –

On Friday, Elizabeth Warren released her financing plan for Medicare for All . It is predictably wonky and politically courageous—new spending is way more popular...

Federal Budget and Economy

Individual Taxes

A Wealth Tax Will Encourage More Spending By The Rich—And Maybe More Political Donations

October 31, 2019 –

Whatever else they do, the wealth taxes proposed by senators and Democratic presidential hopefuls Elizabeth Warren (D-MA) and Bernie Sanders (I-VT) will encourage the very...