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Quoting George Soros at Project Syndicate (here and below highlight mine), The rule-of-law regulations have been adopted. In case there is no agreement on a new budget, the old budget, which expires at the end of 2020, is extended on a yearly basis. Hungary and Poland would not receive any payments under this budget, because their governments are violating ...


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There are two things here. The upcoming EU 7 year budget (€1.1 trillion). It is not possible to circumvent Hungary and Poland in this case. What can happen is that if there is no agreement between the countries on the budget, the previous year's (2020) annual budget will be used without any modification (see the related question). The recovery package (€750 ...


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It is important for those who haven't been to Iran to know that there aren't real political parties in Iran, nor are there real elections. The so-called reformists are there to pretend that there is democracy in Iran but the article 110 of Iran's constitution proves that there isn't.This article defines duties of the supreme leader. The supreme leader in ...


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I would say it is all about a political agenda in the US. What can make me elected and what can make me powerful. Can I be elected by promising tax-cuts, or increasing tax on the ultra-rich? If capital gains was taxed then it could be argued that nobody wants to invest in companies and give a bad snowball effect, whereas tax on income could worst case make ...


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There are several possible justifications for this distinction between capital gains versus ordinary income, and between qualified dividends versus normal dividends. One is the "double taxation" problem that emerges for equity investments: a corporation may deduct its interest and amortization expenses (so, expenses of debt financing) before paying ...


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A 1997 Economic Study by the Congressional Economic Committee concluded: "Macroeconomic Effects. Economist Allen Sinai maintains that a capital gains tax reduction would lower the cost of capital, boost investment, and stimulate economic growth. He estimates that a capital gains tax reduction could: increase real gross domestic product (GDP) by an ...


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