[unable to retrieve full-text content]Mistake in Administering Property Taxes Results in a 1200 Percent Increase? This reads like something in a tabloid. However, it is occurring in an Illinois county. Montgomery County Assessor Kendra Niehaus discovered the assessment was being calculated incorrectly. A tract of woodland should have a tax rate applied to 33.33% of its fair market value. […] The post Misapplied Property Tax Economics appeared first on Angry Bear.
Read More »Where Do Federal Tax Dollars Go?
[unable to retrieve full-text content]Since Trump and Republicans are interested in cutting spending. I was interested in seeing what Musk and his side kick Ramaswamy might be looking at to reduce. What you are looking at is a Pie Chart showing all items in the budget. The breakout of the Payroll Tax Chart from the Pie Chart (further down) […] The post Where Do Federal Tax Dollars Go? appeared first on Angry Bear.
Read More »IPA’s weekly links
(Didn’t think I’d get a chance to use this again) Guest post by Jeff Mosenkis of Innovations for Poverty Action Congratulations to Emi Nakamura, winner of the Clark medal. Noah Smith explains her work and why it’s rare for macroeconomists to win it.And congratulations to World Bank Chief Economist & Yale professor Penny Goldberg on her election to the National Academy of Sciences.A few years ago, the “Worm Wars” broke out when a team reanalyzed data from a classic finding on the benefits...
Read More »What About the New Tax Law?
New Event from the Susquehanna Progressives. Drop by if you're around the area. Info below. "As activists we need to understand the history of US tax policies, how they have changed since the 50's and why, the affect on our social fabric and what the new tax bill will mean for the health of our nation (Presentation followed by Q&A)."Presenter: Matías Vernengo, Professor of Economics, Bucknell UniversityThursday, February 22 | 7:00 - 8:30 PM Community Zone, Market Street in...
Read More »Bitcoin’s big problem: The modern state can make anything it chooses generally acceptable as money
By Marshall Auerback (This post was first published on Alternet) Is the bitcoin craze another in a series of history’s most infamous bubbles, or is it a genuine harbinger of a new global financial architecture? In spite of recent market turbulence, its champions see bitcoin (and its cryptocurrency peers) as an ideal market-generated solution as questions arise about the future viability of...
Read More »Defining the Tax Reform Battleground
By J.D. ALT The Republican tax reform will be criticized on many fronts. It is a battle of criticisms that will likely become as chaotic, ill-informed, and counter-productive as the tax reform process itself has been. This is because it will surely ignore the only strategic battle-front that ultimately matters: the basic premise of what taxes are for and why they’re necessary. Before the Republican tax reformers even said a word, their arguments and proposals were packaged in the tired...
Read More »Jared Bernstein Shows the Costs of Not Understanding Sovereign Currencies
William K. Black September 26, 2017 Kansas City, MO UMKC has just hosted a well-attended conference on Modern Monetary Theory (MMT) and job guarantee (JG) programs in which the federal government would provide the funds for employer of last resort programs. In conjunction, MMT and JG allow full employment to become the norm. MMT is based on reality, it explains how the monetary system in a nation with a sovereign currency actually functions. Most monetary theory taught in...
Read More »IPA’s weekly links
Guest post by Jeff Mosenkis of Innovations for Poverty Action. Two podcast recommendations: NPR has a new podcast, Rough Translation, from former East Africa correspondent Gregory Warner (web, Apple). It looks at how questions we deal with here play out differently in other cultures. The first episode looks at how Brazil ended up with race tribunals to evaluate who was Black enough to qualify for affirmative action. The second looks at fake news planted by Russia in Ukraine. The fun...
Read More »IPA’s weekly links
Guest post by Jeff Mosenkis of Innovations for Poverty Action. Two podcast recommendations: NPR has a new podcast, Rough Translation, from former East Africa correspondent Gregory Warner (web, Apple). It looks at how questions we deal with here play out differently in other cultures. The first episode looks at how Brazil ended up with race tribunals to evaluate who was Black enough to qualify for affirmative action. The second looks at fake news planted by Russia in Ukraine. The fun “Tell...
Read More »IPA’s weekly links
Guest post by Jeff Mosenkis of Innovations for Poverty Action. Two podcast recommendations: NPR has a new podcast, Rough Translation, from former East Africa correspondent Gregory Warner (web, Apple). It looks at how questions we deal with here play out differently in other cultures. The first episode looks at how Brazil ended up with race tribunals to evaluate who was Black enough to qualify for affirmative action. The second looks at fake news planted by Russia in Ukraine. The fun “Tell...
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