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Who Feels the Tax Sting

Now that the massive new tax bill has passed, I thought I’d do a little experiment with a spreadsheet to see how a hypothetical Silicon Valley, California earner might be affected. I was sure his tax bill would be higher, but I am surprised at how much higher.I wouldn’t be surprised if some people decided not to stay in their […]


What’s In The Final Republican Tax Bill: Goldman Explains

While we published both the full text(1,097 pages) and the “explanatory” statement (only 570 pages) released by the House-Senate conference committee on the final Republican Tax Bill, also known as the Tax Cuts and Jobs Act (TCJA), we are confident not many readers – or anyone else for that matter – will read the full […]


“Here’s What’s In It”: Goldman Explains All You Need To Know About The Current State Of Tax Reform

To the delight of Donald Trump, just before 2am on Saturday morning the Senate passed the Republican Tax bill in a 51-49 vote, and with tax reform legislation now passing both chambers of Congress it looks very likely to become law by year-end, probably within the next two weeks according to Goldman Sachs which now […]


The Disconcerting Message Behind The Plummeting Savings Rate

Two weeks ago we noted how the savings rate in the US had plunged to 3.1% in September 2017, its lowest rate since December 2007 which, coincidentally, was when the last recession started. Probably nothing. The September 2017 figure was less than half the most recent peak of 6.3% in October 2015. As we noted […]


Stocks Tumble On News Senate Tax Plan To Delay Corporate Tax Cut Until 2019

Confirming reports from earlier this week that the Senate GOP tax plan would delay the corporate tax cut for (at least) one year, a move that would strip the proposed tax reform of its most potent benefit, moments ago the Wapo reported that in a few hours, Senate Republicans will propose delaying a cut in […]


All You Need To Know About Trump Tax Reform: Goldman Explains

This afternoon, during a speech in Indianapolis, President Trump will unveil the long-anticipated Republican tax reform proposal that calls for substantial business and individual tax cuts. As has been leaked previously, the tax plan is anticipated to disclose a 35% individual tax rate (although Congress may push it higher), a tax rate on corporations and […]