Posts are stopping for now because your blogger is in Washington, D.C., serving as Senior Economist on the staff of the Vice Chair of the Joint Economic Committee of the Congress. Contact him at John_Tepper_Marlin@jec.senate.gov.
Early alerts on longer-term business, economic and public policy issues. Successor to the web site www.cityeconomist.com. Maintained by John Tepper Marlin.
Friday, February 8, 2019
WHY POSTS HERE ARE STOPPING
Posts are stopping for now because your blogger is in Washington, D.C., serving as Senior Economist on the staff of the Vice Chair of the Joint Economic Committee of the Congress. Contact him at John_Tepper_Marlin@jec.senate.gov.
I write about the biographical and economic threads in history. Special interests include symbols of family, such as coats of arms, and the behavior of families in a crisis.
Friday, February 1, 2019
DID YOUR 2018 TAX FALL? (Beware the Ides of April)
On Long Island, NY for middle-income folk, tax refunds are not matching expectations. The cap on state and local taxes (SALT), including both property taxes and income taxes (or sales taxes in states with no state or local income tax) is taking away the benefits of tax cuts on incomes for many taxpayers. The most-affected states by the cap on SALT deductibility are New York, Connecticut, New Jersey and California, in that order. Beware the Ides of April, i.e., April 15.
Comparing federal taxes paid on 2018 income with taxes paid on 2017 income, here are some early numbers. Please send any figures you have, or find online, to john@cityeconomist.com and I will add them. If you can't remember your prior-year tax bills, you can get them here from the IRS: https://bit.ly/2WMgpuG.
Comparing federal taxes paid on 2018 income with taxes paid on 2017 income, here are some early numbers. Please send any figures you have, or find online, to john@cityeconomist.com and I will add them. If you can't remember your prior-year tax bills, you can get them here from the IRS: https://bit.ly/2WMgpuG.
I write about the biographical and economic threads in history. Special interests include symbols of family, such as coats of arms, and the behavior of families in a crisis.
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