June 5, 2024
This spring the IRS received more than 139 million individual income tax returns. Those returns give filers the option to direct a few of their tax dollars to the Presidential Election Campaign Fund (PECF). Eligible presidential candidates can use the money to help cover qualified expenses of their political campaigns in both the primary and general elections. But many of us decline the option. Do we not need or want it anymore?
June 3, 2024
This year’s New York art auctions disappointed. The $1.4 billion in spring sales were 22 percent lower than 2023, and off 36 percent from 2022,...
May 22, 2024
Slowing climate change has been a signature issue for President Biden. But Biden also has been an ardent booster of American manufacturing. Recently, he imposed...
May 14, 2024
Mistakes happen during tax filing season, so Congress has given the IRS “math error authority”...
May 16, 2024
In a recent New York Times column (paywall), Berkeley economist Gabriel Zucman calculated that the highest-income Americans pay only about 23 percentof their income in...
May 1, 2024
Cities, counties, and other local governments have traditionally relied on property taxes as a substantial and stable revenue stream. But with remote work taking hold...
April 29, 2024
How did you file your tax return this year? Paid a preparer? Bought software? Did you, like me, use the fillable forms on the Internal...
May 1, 2024
President Biden set off a kerfuffle when he posted on “X,” formerly Twitter, “Donald Trump was very proud of his $2 trillion tax cut that...
April 19, 2024
Do you think about the world as “zero-sum,” where resources are limited and my gain is your loss? Or do you believe that resources are...
April 10, 2024
Perhaps the two most influential economics thinkers of the past half-century were not economists at all. Psychologists Amos Tversky, who died young in 1996, and...