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Of Taxes & Whales: Bitcoin’s New Headaches

Authored by Constantin Gurdgiev via True Economics blog, I have recently mused about the tax exposures implications of Bitcoin 'investments', and in particular, my suspicion that many of today's BTC enthusiasts (retail investors speculating on BTC and other cryptos) are likely to be caught out with unexpected and un-covered tax liabilities arising from trading in […]

Summers Warns “1000s Will Die” But Who Are The Real Winners & Losers From Trump’s Tax Reform?

While many in the 'resistance' have vociferously denounced the Senate tax reform bill in the last 48 hours, former Treasury Secretary Larry Summers took the proverbial biscuit by warning that "thousands will die as a consequence of this new tax bill." The Congressional Budget Office estimated that the tax bill could reduce insurance coverage by […]

Trump Tax Plan Greatest Gift Establishment Ever Got

The following article by David Haggith was published on The Great Recession Blog: As soon as President Trump put his Goldman boys, Gary Cohn and Steven Mnuchin, in charge of his tax plan, I knew Trump’s tax plan would never fulfill his and his henchmen’s promises of helping the middle class and of not giving additional […]

Taxes: Here’s What’s Going To Stay The Same

Authored by Simon Black via SovereignMan.com, On October 3, 1913, US President Woodrow Wilson signed the Underwood-Simmons Act into law, creating what would become the first modern US income tax. The legislation (at least, the income tax portion) was only 16 pages and imposed a base tax rate of just 1%. The highest tax rate […]

The One Thing About Tax Reform That NO ONE is Talking About

The One Thing About Tax Reform That NO ONE is Talking About The markets have been gunning higher on the notion that the Trump Administration is about to unveil a huge tax reform plan. However, the devil is in the details. And thus far the plan is focusing on corporate tax reform, with the notion […]

Here’s You and Here’s the Top Ten Percent

The following article by David Haggith was published on The Great Recession Blog: In a nutshell, here is a Federal-Reserve graph, recently published on ZH, that summarizes everything you need to know about the unsustainable US economy. Unless you’re in the top ten percent of income producers in the nation — or, at least, living in their neighborhood […]

Hussman Eyes The Market’s “Remarkable Moment Of Blissful Delusion”

"The present moment of blissful delusion is remarkable to witness. Take it in…" says John Hussman of Hussman Funds. In the following few words and updated charts, Hussman exposes the farce even further… The first chart below updates our variant of Robert Shiller’s cyclically-adjusted P/E (CAPE), where we’ve adjusted the measure to account for variation […]

Australia’s Dystopian Future: A Nation Of High-Rise Renters

Authored by James Fernyhough via TheNewDaily.com, Young Australians are increasingly likely to live most of their lives in high-density rented accommodation – and that’s not necessarily such a bad thing. That was one of the more controversial findings of a major study into the housing market released in recent days. The Committee for Economic Development of […]