The hottest Taxation Substack posts right now

And their main takeaways
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Top Business Topics
Points And Figures • 799 implied HN points • 04 Mar 24
  1. Democrats are pushing to tax unrealized capital gains, which has sparked debate and concern about overreach in government interference in private business.
  2. There is dissatisfaction with both Republican and Democratic parties for their roles in supporting legislation that may infringe on individual business privacy and rights.
  3. The issue of government overreach and control extends beyond tax policies, as political motivations and power dynamics play a significant role in the push for increased transparency in private ownership.
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Asian Century Stocks • 471 implied HN points • 11 Feb 24
  1. Investor sentiment in Hong Kong is currently negative, but the perception of the city changing or dying may be misplaced due to its advantages like low taxes, currency stability, and efficient infrastructure.
  2. Despite economic struggles in China, Hong Kong's economy is recovering with tourist returns, retail sales growth, and positive net migration, with potential for lower interest rates in the future.
  3. Hong Kong remains vital in Asia, benefiting from low taxes, reliable legal system, and financial hub status, even amidst challenges like interest rate impact and risks from geopolitics and National Security Law.
In My Tribe • 273 implied HN points • 19 Jan 24
  1. Wokeness and victimhood culture are not just influenced by laws, but also by disparities in outcomes.
  2. Core gender beliefs have historically influenced societies and changes in those beliefs affected women's opportunities.
  3. Government benefit policies can inadvertently discourage work and incentivize receiving benefits, creating a cycle of dependency.
Comment is Freed • 102 implied HN points • 22 Feb 24
  1. Jeremy Hunt may announce a tax cut that is not financially sustainable and could be misleading.
  2. The UK's tax burden is lower compared to other countries, partly due to lower spending on social programs.
  3. The UK's low tax burden is also a result of reduced spending on working age benefits, uniquely high housing benefit expenditure, and underinvestment in infrastructure.
Snowball • 825 implied HN points • 14 Sep 23
  1. Consider investing children's savings in the stock market for long-term growth potential.
  2. Opening a brokerage account in your name to hold ETFs or stocks for your child and then gifting it to them can be a tax-efficient way to invest for their future.
  3. Ensure to handle legal aspects like declaring the donation to the tax authorities and consider equal distribution among multiple children to avoid inheritance disputes.
David Friedman’s Substack • 152 implied HN points • 08 Jan 24
  1. Who bears the burden of a tax depends on the effect of the tax on the transaction terms, not just who hands over the money.
  2. Excess burden of taxes includes costs incurred by individuals that nobody receives, even if the government doesn't collect the tax.
  3. Smith's view on taxation aims for incidence of tax burden proportional to income, not necessarily flat rate income tax.
Splitting Infinity • 59 implied HN points • 14 Feb 24
  1. Auctions can be considered as a method for assessing land values without the need for state-run assessments, allowing the market to determine the value of land.
  2. The use of auctions for land valuation can ensure transparency and fairness by providing everyone with the opportunity to bid on a piece of land publicly.
  3. While auctions may introduce some complexities like bargaining over home prices, they can still lead to reasonably accurate land valuations and generate significant tax revenue.
philsiarri • 22 implied HN points • 12 Mar 24
  1. The IRS has launched the Direct File pilot program in 12 U.S. states, allowing eligible taxpayers to file their tax returns online for free.
  2. The Direct File program aims to simplify the filing process for taxpayers with straightforward tax situations and offers live chat support.
  3. Taxpayers can verify their identity through ID.me and use the Direct File service securely, positioning it as a free alternative to paid online services like TurboTax.
O Observador de Corcyra • 275 implied HN points • 13 Nov 23
  1. The reform on regional development attached to the tax reform intensifies the extraction of income from society towards regional groups outlined in the 1988 Constitution.
  2. The new tax levied through the reform merges five indirect taxes, creating the largest tax of its kind globally, aiming to increase productivity and reduce tax disputes in Brazil.
  3. The approval of the reform will centralize fiscal autonomy in states, limiting their ability to adjust tax rates based on economic needs and creating additional federal transfer funds, perpetuating income extraction from more developed to less developed regions.
OpenTheBooks Substack • 241 implied HN points • 15 Nov 23
  1. Wealthy universities like Harvard received $45 billion in federal payments, tax breaks, and subsidies over the last five years.
  2. Top universities prioritized securing federal contracts and grants over student tuition, with $33 billion flowing to them annually.
  3. Elite universities also benefited from special tax treatment benefits on endowment gains and additional government subsidies.
cryptoeconomy • 707 implied HN points • 08 Jul 23
  1. There are 3 ways to escape the fiscal crisis: reduce spending, raise taxes heavily, or resort to printing more money.
  2. The increasing debt and interest payments are approaching unsustainable levels, potentially leading to historic inflation rates.
  3. Regardless of the chosen path, the final destination seems to be inflation as the most likely outcome of the fiscal crisis.
System Change • 687 implied HN points • 06 Jun 23
  1. The housing crisis in Britain is not just about supply and demand, but also about a global wall of money inflating housing values.
  2. Speculation in the property market is fueling high house prices, not a shortage of supply.
  3. To make housing more affordable, measures like property speculation tax and managing speculative capital flows are needed.
The Reactionary • 144 implied HN points • 08 Dec 23
  1. Hunter Biden is facing a 9 count felony indictment for tax charges in California.
  2. The indictment accuses Hunter Biden of evading over $1.4 million in taxes through various schemes.
  3. Special Counsel David Weiss is holding Hunter Biden accountable, but there are still doubts about potential future charges.
Brick by Brick • 18 implied HN points • 19 Feb 24
  1. Stock options are a key part of startup employee compensation, involving vesting schedules and the opportunity to buy company shares at a set price.
  2. 409A valuations determine the fair market value of a company's stock, influencing employee stock option prices and taxation.
  3. The 90-day window after leaving a company requires employees to decide whether to exercise their vested stock options or lose them, potentially facing significant financial implications.
Geopolitical Economy Report • 518 implied HN points • 18 Jan 23
  1. Since 2020, the wealthiest 1% of the world's population took nearly two-thirds of new wealth, significantly more than the rest of the population.
  2. Global poverty is worsening while the very richest individuals continue to amass huge amounts of wealth, creating an alarming level of inequality.
  3. Oxfam's report highlights the need for governments to increase taxes on the rich, invest in social services, and address the economic systems that benefit the wealthy.
Mindset Value • 176 implied HN points • 31 Aug 23
  1. The US government is signaling that cannabis is less dangerous by recommending rescheduling from Schedule 1 to Schedule 3.
  2. Rescheduling could lead to the removal of excessive taxation in the cannabis industry and open the door for more financial investments.
  3. Investment opportunities may arise with companies like Grown Rogue adapting to market conditions and demonstrating competitive advantages.
Letters from an American • 10 implied HN points • 02 Mar 24
  1. President Joe Biden signed a resolution giving lawmakers more time to finalize government funding bills, as Republicans have been stalling by inserting cultural demands and seeking budget cuts.
  2. There are discussions about creating a 'debt commission' to address the budget deficit, even though it faces opposition from 70% of voters.
  3. The ITEP report revealed that many profitable corporations paid very low effective tax rates due to loopholes, raising questions about the fairness of the tax system.
Surviving Tomorrow • 314 implied HN points • 18 May 23
  1. Inflation impacts different groups differently: savers punished, poor robbed, debtors rewarded.
  2. Eradicating inflation can be done by destroying the working class, taxing the rich, or creating anti-inflation money.
  3. Anti-inflation money involves investing in new assets, taxing back excessive money, and destroying it for common well-being.
Knowledge Problem • 157 implied HN points • 24 Aug 23
  1. Market failures often lead to arguments for taxes or subsidies to correct them.
  2. AC Pigou's neoclassical approach to externalities suggests using taxes and subsidies to internalize costs.
  3. While Pigou's model is flawed for policy, it remains a useful tool for understanding third-party effects in economics.
The Redneck Intellectual by C. Bradley Thompson • 314 implied HN points • 14 Feb 23
  1. America's revolutionary era brought about innovative constitutional thinking in the realm of individual rights and the relationship between individuals and government.
  2. The concept of self-ownership was strongly upheld by the founding generation, with property rights viewed as absolute and a primary responsibility of government was to protect those rights.
  3. The founding generation emphasized the need to limit government powers to protect private property and contracts, institutionalize due process, and prevent abuse such as bills of attainders and ex post facto laws.
Hypertext • 19 implied HN points • 02 Feb 24
  1. Universal Basic Income (UBI) has gained popularity, but its implementation faces challenges in terms of cost and fairness.
  2. Alternative approaches like a permanent expansion of the Child Tax Credit offer a more feasible path for large-scale cash transfers.
  3. Expanding the Child Tax Credit could address concerns about cost and fairness while still providing significant support to families in need.
Japan Optimist • 294 implied HN points • 18 Feb 23
  1. Japan has a large stock of financial assets but they are not being effectively utilized.
  2. There is a significant opportunity to channel inheritance funds towards investments for Japan's future.
  3. Reforming the gift and inheritance tax systems can allow individuals to self-direct wealth towards projects for future prosperity.