@GoodTaxTakes
@goodtaxtakes
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“Taxsplainers”. Views are strictly our own.
United States
Joined April 2021
What a waste of tax expenditures we’ve seen over the years.
BREAKING: In a massive hit, Ford, $F, is writing down $19.5 billion in EV investments. Ford also says it will stop producing the electric version of the F-150.
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Perhaps there will be broader resistance to a wealth tax in the future. 👇🏾🔥🔥🔥
Something not talked about enough is how much the average US household's net worth has gone up because of incredible equity returns in the past 5 years Spending an extra couple hundred dollars on discretionary items does not feel so bad when your stock portfolio is higher
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Should we aspire to have an income tax system where almost everyone pays something even if it’s a nominal amount?
There is basically no income tax in China and India. Wouldn’t it make more sense for Europe to tax consumption instead of work? Wait, Europe taxes both work with income tax and consumption with VAT.
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The co-relation with the @TaxFoundation State Tax Competitiveness Rankings cannot be ignored 👇🏾🔥🔥🔥
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Misleading too look at this one statistic in isolation. The broader economic impact of full expensing is long term positive.
Largely because of corporate tax breaks in Trump's One Big Beautiful Bill, the government lost about $52B in corporate income tax revenue (a drop of roughly 33%) between July & November, @aduehren reports.
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Who thought this was a good use of taxpayer funds?
San Francisco still spends $5 million a year on giving free beer and shots of bourbon to 17 people. Insanity. This story was originally brought to light in 2024 by @adampnathan
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No number of Pillars and taxing other people’s tax base will overcome excessive government spending and bloated social welfare programs.
France's Fiscal Death Spiral: A Nation Incapable Of Reform
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The level of misinformation here is high. This is a min daily amount, not hourly amount, and as California has proven wage controls don’t work. They backfire.
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Four Likes! Outstanding support for Pillar 2.
The Commission supports the OECD agreement on the Side-by-Side package tabled early this week on Pillar 2. We are actively coordinating with Member States. It is essential to ensure both the international dimension and uphold the competitiveness of our companies.
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Senator Elizabeth Warren watching new and improved CAMT regs 👇🏾
Imagine you’re Sting and you are basically held hostage as someone warbles this dreadful rendition of your hit song?
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Weird that @OECDtax briefly published Administrative Guidance for the Side-By-Side Package, although we can no longer access it. Sounds like we are close, but what’s driving that? Hopefully you all downloaded it. EU-style Transparency.
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Perhaps Estonia is on to it with a proposal to suspend or repeal Pillar 2. We are in a different world from when the Directive was passed. Big Economies are not joining and it’s way to complex. There are at least 899 reasons to kill Pillar 2.
The Estonian government is urging the European Commission to review the pillar 2 directive to allow small countries to opt out, suspend it, or repeal it. https://t.co/OWqiPFGIor
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Classifying this as “Budget Neutral” is questionable when we are living off borrowed money with no balanced budget. The American taxpayer is funding this with borrowed money. Let’s first balance the budget.
🚨 BREAKING: In an incredible Christmas surprise, the Trump administration is sending $900 BONUSES to 18,000 THOUSAND Amtrak workers... ...and the money is coming from CUTTING top executives' perks. "It's budget neutral. We aren't spending more federal money or Amtrak money.
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Californians pay more in taxes, fees and green mandates than most others pay for gas in total.
🚨 BREAKING: Democrats are furious after Americans are being spotted PRAISING President Trump's plummeting gas prices COLORADO: "$1.93! Which is AWESOME. I can't believe it." "There is more supply!" Incredible. 47 did it. The Fake News is being forced into admitting it! 🇺🇸
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Californian tax-migrant effect👇🏾
The U.S. consumer uses drive thrus and loves them. I’ll stop building drive thrus when customers stop showing up. Just look at opening day for In-N-Out in Tennessee. Wow
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Just for Laughs: A link to the craziness of an ECOFIN meeting. Attempts will be made to fill the cracks in the crumbling Pillar 2 project the EU was so proud until the world rejected it. Section 899 may be back on the agenda in the US Congress. https://t.co/QoDBIpCaxW
video.consilium.europa.eu
The European Council and the Council of the EU are the house of the member states. Find out how they influence life in the EU.
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Translation: “I am going to drive even more jobs out of state.” Can’t spell Destroyer without Steyer. Isn’t that right, @SteveHiltonx ?
Californian businesses pay $10–15 billion less in real estate taxes annually. They’ve been getting away with it for 50 years. I’m going to close this loophole.
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State tax policies are important…and a real concern if Zandi is correct.
"The future of the entire U.S. economy is tied to the growth in two states: California and New York," per Moody's Mark Zandi
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Fringe Euro-Economist on the verge of proposing a tax on leisure 👇🏾
Productivity (= GDP per hour worked) is the same in the US and in the EU: €60 But life expectancy is higher in the EU, people have more leisure, and there is less inequality The idea that the US economy is doing much better and the EU lagging behind is a myth
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