Archive | November, 2016

U.S. Nearing NIRP?

28 Nov

Historically speaking, an average economic expansion lasts 50 months, while an average recession lasts 10 months. The Great Recession ended in June 2009, putting us in the 90th month of expansion. History would suggest we’re nearing the end of this cycle and will see a recession soon, perhaps within the next two years. This is [...]

Real U.S. Tax Rates Near Highest in World

21 Nov

Donald Trump says the U.S. is one of the highest-taxed countries in the world. Hillary Clinton says the rich don’t pay enough. Who’s right? The top American rate is 39.6 percent. Those who disagree with the U.S. being a high-rate country point to Sweden, where taxes can reach as high as 59.7 percent of income. [...]

A Path to Repatriation?

14 Nov

U.S. firms are holding $2.5 trillion in profits outside the country (“offshore”) and saving themselves from billions of dollars in taxes. And they refuse to bring the money home, also known as “repatriation,” because of our 35 percent corporate income tax rate. In other words, firms don’t want to pay a high tax rate at [...]

Obamacare’s Design Flaw

7 Nov

It’s open enrollment season, the time when many Americans choose their health care plans for the upcoming year. Regardless of what happens in the 2016 election, one thing is certain – Barrack Obama will no longer be in charge. But that’s not true when it comes to health care. See, he’ll never be too far, [...]