The hottest Taxes Substack posts right now

And their main takeaways
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Top Finance Topics

The Georgia Ballot

Erick Erickson's Confessions of a Political Junkie • 239 implied HN points • 17 Oct 24
🇺🇸 U.S. Politics Taxes
  1. Voting yes on the constitutional amendment helps protect homeowners from having their property values tied to inflation. This means more consistent property taxes for everyone.
  2. Creating a statewide tax court will provide independent, expert help on tax issues, making the tax process fairer and more efficient.
  3. Raising the personal property tax exemption from $7,500 to $20,000 can provide financial relief to property owners. It's a good move for many families.

upon a platform of lies

bad cattitude • 203 implied HN points • 23 Feb 26
🇺🇸 U.S. Politics Taxes
  1. Many politicians win by promising popular things and then quickly abandoning or reversing those promises once in power, creating a pattern of bait-and-switch governing.
  2. One major party is portrayed as hollow and out of touch, relying on culture-war rhetoric and negative campaigning instead of coherent, practical policies, which is eroding public trust.
  3. Voter frustration with broken promises and declining services is creating openings for political realignment and demand for more competent, pragmatic leadership.

Why the Chicago Bears Are Threatening to Leave Illinois

Huddle Up • 173 implied HN points • 23 Feb 26
🎾 Sports Taxes
  1. The Bears are using the threat of building a stadium in Hammond, Indiana to push Illinois for public financing and long-term tax certainty for a new Arlington Heights stadium.
  2. Indiana lawmakers moved fast and unanimously to clear the legal path for a Hammond stadium, showing states will compete aggressively to lure the team across the border.
  3. Despite the public push toward Indiana, there are major practical problems with the Hammond proposal, so Arlington Heights still looks like the more likely outcome for the Bears.

Age of Invention: The Second Soul, Part I

Age of Invention, by Anton Howes • 1281 implied HN points • 08 Mar 24
💾 History Taxes
  1. Salt was a crucial product in the past, impacting agriculture, food preservation, and even the economy of various regions.
  2. The control and taxation of salt played a significant role in the rise and fall of empires and states, showcasing the power dynamics associated with this essential commodity.
  3. Different geographical factors influenced the success of salt taxes, with regions like north-west Europe reaping the most rewards from this practice.
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Council puts a cap on it

City Hall Watcher • 255 implied HN points • 16 Oct 23
🇺🇸 U.S. Politics Taxes
  1. City Council meeting in October 2023 included decisions on Uber, vacant home tax, blue box, and more.
  2. 190 decisions were made, with 154 approved as is, 25 with tweaks, and some postponed and sent to committee for further discussion.
  3. City Council's work resulted in productive outcomes within a short span of time.

Continuous Fights

Points And Figures • 746 implied HN points • 17 Mar 24
🇺🇸 U.S. Politics Taxes
  1. Education funding doesn't always result in better student performance; embrace school choice for improved outcomes.
  2. Republicans should address the abortion issue firmly, defund the abortion industry, and focus on education and conversation.
  3. Changing the tax code to consumption-based taxation could provide economic incentives for growth and burden levied based on richer individuals.

Winning the Lottery

We're Gonna Get Those Bastards • 7 implied HN points • 03 Jan 26
💰 Finance Taxes
  1. If you win, stay anonymous and keep it quiet because public winners get inundated with scammers, lawsuits, and people asking for money.
  2. Immediately hire financial, legal, and tax advisors and focus on preserving wealth with conservative investments and real estate instead of buying flashy toys.
  3. Treat lottery tickets as a small entertainment expense or upside exposure (a rule like 0.1% of income), and remember taxes will take a large bite of any big prize.

Tariffs Do Not Work

Points And Figures • 506 implied HN points • 15 Jan 24
🇺🇸 U.S. Politics Taxes
  1. Tariffs do not work as intended, often leading to higher prices for consumers and businesses.
  2. Repealing all tariffs on foreign goods and shifting to a consumption tax system could make imports cheaper and boost competitiveness of US products.
  3. Using a consumption tax system could lower prices for American consumers and create a more competitive market without the need for tariffs.

Your payslip - explained

Concepts of Finance 🧠 • 179 implied HN points • 24 May 23
💰 Finance Taxes
  1. Many people struggle to understand their payslip, which is a common document. Knowing how to read it can reduce anxiety about money matters.
  2. A payslip contains important information like your gross pay, deductions, and net pay. Gross pay is what you earn before deductions, and net pay is what you take home.
  3. Payslips often include abbreviation codes for pay and deductions. It's helpful to know these terms to fully understand your earnings and any deductions from your pay.

The US national debt reached $34.5 trillion, an all-time record, but does it actually matter?

Global Markets Investor • 39 implied HN points • 07 Mar 24
💰 Finance Taxes
  1. The US national debt has reached a record $34.5 trillion, increasing by $1 trillion every 100 days since June. This high level of debt poses challenges for the government and future generations.
  2. The US debt-to-GDP ratio is currently at 123.7%, near the all-time high. A high ratio decreases a country's ability to pay back debts and could lead to default or inflation-adjusted losses for investors.
  3. A country with a debt-to-GDP ratio above 130% historically has a high probability of default. High debt levels can limit future investments, impact economic growth, and reduce flexibility in responding to crises.

What Kishida Should Have Done On Wages, Taxes

Japan Economy Watch • 299 implied HN points • 15 Jun 22
💰 Finance Taxes
  1. Stagnant incomes in Japan are primarily due to the gap between corporate and household incomes, with corporations hoarding profits instead of reinvesting in the economy through wage hikes, investment, or taxes.
  2. The failure of corporations to fulfill promises of raising wages after receiving tax cuts highlights the need for better enforcement of existing laws mandating equal pay and potential increases in the minimum wage to improve living standards and consumer demand.
  3. Rolling back corporate tax cuts and using resulting revenue gains to reduce consumption tax could lead to a fairer income distribution between companies and households, addressing the imbalance in income growth and stimulating economic growth.

Taxes?

Pinecone Weekly Brief • 78 implied HN points • 28 Oct 23
💰 Finance Taxes
  1. The post is about taxes.
  2. The post includes a link to Chase Taylor's profile.
  3. There is an option for a 7-day free trial to access more content.

Can Japan Afford To Cut Consumption Tax If It Rolls Back Corporate Tax Cuts?

Japan Economy Watch • 219 implied HN points • 17 Jun 22
💰 Finance Taxes
  1. Japan has lost a significant amount of tax revenue due to cuts in corporate taxes, impacting the budget deficit.
  2. Rolling back corporate tax cuts to mid-1990s rates could offset losses and allow for a reduction in consumption tax without affecting overall revenue.
  3. The rise in corporate profits in Japan was primarily due to wage austerity and reduced interest payments, negatively impacting consumer demand.

Capital Gains Tax Explained

Concepts of Finance 🧠 • 119 implied HN points • 02 Mar 23
💰 Finance Taxes
  1. Capital gains tax is what you pay when you sell an asset, like stocks or property, for more than you bought it. If you make a profit, that profit is subject to tax.
  2. There is an annual allowance for capital gains tax, meaning you can earn a certain amount from selling assets before you have to pay any tax on it. This allowance can vary by country and type of asset.
  3. There are different tax rates for short-term and long-term capital gains. Long-term gains are usually taxed at lower rates if you've held the asset for more than a year.

Microsoft vs the IRS

philsiarri • 44 implied HN points • 12 Oct 23
💼 Business Taxes
  1. Microsoft is facing a $29 billion IRS audit for unpaid taxes from 2004 to 2013.
  2. The dispute centers around how Microsoft allocated profits across international jurisdictions.
  3. Big tech companies like Microsoft face scrutiny for shifting revenue to reduce tax obligations.

Choosing Your Business Structure - LLC or Sole Proprietorships

BillaBear SaaS Start Up Guide • 1 HN point • 22 Mar 24
💼 Business Taxes
  1. Understanding the business structure options (LLC and Sole Proprietorship) is crucial. It affects taxation, liability protection, and growth opportunities.
  2. Sole Proprietorships are simple to set up but face high taxes and limited growth. Personal assets are at risk in case of legal issues.
  3. Limited Liability Companies (LLCs) offer more liability protection, growth opportunities, and flexibility in ownership. They can save on self-employment taxes and allow for easier business continuity.

War Criminal and a Few Other Phrases and Euphemisms “To Die For”

The False Consensus Effect • 0 implied HN points • 29 Mar 22
🇺🇸 U.S. Politics Taxes
  1. One way war criminals are referred to as 'a person who has carried out an act during a war that violates accepted international rules of war'.
  2. Using euphemisms like 'To Die For' can sometimes reflect on wanting something but being confronted with harsh realities instead.
  3. Actions of governments and nations can portray them as 'good guys' when they claim to be morally correct, but the truth may be far from it.

Exploring the Impact of Government Taxes on Communities

Wayne's Earth • 0 implied HN points • 22 Dec 22
🇺🇸 U.S. Politics Taxes
  1. Before government taxation in the 1880s, people relied on bartering, built strong community relationships, and had the freedom to take risks in business.
  2. Without taxes, communities handled their own needs, supported each other during hardships, and valued entrepreneurship over material possessions.
  3. Life in communities before government taxation was simpler, richer, and focused on common goals, encouraging collaboration and mutual support.