The Corporate Tax Rates That Are Not What They Appear To Be

Right now, the U.S. corporate tax rate is close to the world average:   But, if other OECD (Organization for Economic Cooperation and Development) countries agree with Janet Yellen, we could wind up with a global minimum corporate tax for…

The Economic Side of a License Plate

Long ago, someone figured out that we needed a license plate as an identifier. In New York State, between 1901 and 1909, drivers made their own from felt, leather, or metal. The first NYS plates had people’s initials:   Once…

Apples, Oranges, and the Global Covid-19 Fiscal Response

Trying to compare the incomparable, we sometimes say it’s like apples and oranges because they are so different. It turns out that they aren’t that different but they’re not really similar either:   The same is true for the Covid-19…

A Goldilocks Look at the U.S. Debt

How to decide if adding $4 trillion (or so) to the U.S. debt is too much, too little, or just right? We can start with ourselves and ask if $200,000 is a lot to borrow when you buy a home.…

How Present and Past Social Spending Could Connect

At more than $2 trillion, the cost of the March 2020 CARES (Coronavirus Aid, Relief, and Economic Security) Act was double what we spent on Social Security in 2019. As a pandemic relief package, CARES Act checks were directed toward…

How Do You Spend a Stimulus Check?

Several months ago we looked at how recipients spent the money they received from the March 27 CARES Act. Now, with a new NY Fed survey that is more up-to-date, we can predict the response to the Biden proposal for…

How to Pay For a $1.9 Trillion Package

Through massive pandemic aid, the 2020 CARES Act ballooned the federal deficit. With spending far exceeding revenue, the difference was $2.8 trillion:   Now, President-elect Biden has proposed a new $1.9 trillion relief package. It includes payments to Americans who…

Why the Same $600 Stimulus Check Is Really Different

Instead of per capita income, we can compare U.S. states’ standard of living and wind up with different results.

Six Facts: Getting to Know the Superrich

These six facts about the superrich reveal where they make their money, whether they keep it, and how it should not be taxed.

How COVID-19 Affects Social Security’s Health

According to a University of Pennsylvania economist, just three questions can serve as a barometer of financial literacy. Do give them a try. I’ve listed the correct answers at the end of today’s post: As a pension expert, Wharton School…