The U.S. Treasury Department building viewed from the Washington Monument in Washington. (AP … [+] Photo/Patrick Semansky) ASSOCIATED PRESS The Federal deficit has ballooned in the last few years, first because of a 2017 tax-cut bill that failed to produce offsetting revenue, and then because of massive fiscal spending needed to shore up a pandemic-ravaged
Taxes
getty Retired IRS economist Kim Bloomquist discusses his findings of geographic — and perhaps race and class — bias in the tax agency’s selection of audits. This post has been edited for length and clarity. William Hoffman: Welcome to Tax Notes Talk, Kim Bloomquist. Kim Bloomquist: Thank you for inviting me. William Hoffman: You worked for the IRS for 20 years
WASHINGTON, DC – JANUARY 19: Janet Yellen, President-elect Joe Biden’s nominee for Secretary of the … [+] Treasury, participates remotely in a Senate Finance Committee hearing. (Photo by Anna Moneymaker-Pool/Getty Images) Getty Images It was fascinating to watch Treasury-secretary designate Janet Yellen and several Republican members of the Senate Finance Committee dance their delicate deficit
Word Tax 2021 on calculator. Glasses, pen and the calculator on documents. The concept of financial … [+] stability,Income Statement getty Tomorrow, January 2oth, Joe Biden will be sworn in and for the first time since 2009 the Democrats will control the White House, the House and the Senate (though with Vice President Harris providing
Woman power and leadership in today’s human resources Getty By Doug Sheppard, Tax Notes State commentary editor They say accountants are boring. But when Maureen Pechacek retired from PwC LLP on June 30, her 39-year legacy included helping build a prominent state and local tax practice for a major accounting firm, speaking at numerous tax
Economic Security Planning, Inc. Today’s column addresses questions about potential effects of filing for early retirement benefits on a spouse’s benefit, when reductions for filing early can and cannot be lifted and retirement benefit estimates on SSA’s website. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
WILMINGTON, DELAWARE – JANUARY 14: U.S. President-elect Joe Biden speaks as he lays out his plan for … [+] combating the coronavirus and jump-starting the nation’s economy at the Queen theater January 14, 2021 in Wilmington, Delaware. (Photo by Alex Wong/Getty Images) Getty Images President-elect Joe Biden just announced his economic stimulus plan and it contains
WILMINGTON, DELAWARE – JANUARY 14: U.S. President-elect Joe Biden (R) speaks as U.S. Vice … [+] President-elect Kamala Harris (L) looks on he lays out his plan for combating the coronavirus and jump-starting the nation’s economy at the Queen theater January 14, 2021 in Wilmington, Delaware. President-elect Biden is expected to unveil a stimulus package
Economic Security Planning, Inc. Today’s column addresses questions about whether to take a survivor’s benefit before a retirement benefit delayed until 70, how Canadian pensions can affect US Social Security benefits and how Social Security verifies marriages. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
Antonio Wiggins (C) cuts the hair of James Bennett (R) as Robert White (L) waits for his turn, … [+] inside his barber shop in Jackson, Mississippi. Evidence shows income tax cuts tend not to grow small business jobs. (Photo by CHANDAN KHANNA / AFP) (Photo by CHANDAN KHANNA/AFP via Getty Images) AFP via Getty