Here's a fun mix of interesting income-tax facts plus amusing income-tax tips, courtesy of ReasonTV.

#FiscalPolicy #IncomeTaxes

Here's an interesting John Birch Society video that examines America's federal government's indebtedness, which originally grew during wartime but shrunk during peacetime, but started growing during peacetime also since the late 1970s. Reasons for this include increasing political centralization, socialism, increasingly-powerful special-interest groups who lobby politicians for other people's money, and a shift in preference from taxes to deficits. Some people propose a Balanced Budget Amendment, which wouldn't be necessary if Congress obeyed the Constitution better, normally includes loopholes to negate its effectiveness, and could be used as an excuse for a Constitutional convention that would likely prove counterproductive. A better solution would be to both audit and abolish America's Federal Reserve System, and also reduce our federal government to its Constitutional limits, which requires working with our neighbors to elect better candidates. Do you agree? Why or why not?

#FiscalPolicy #Deficits #NationalDebt #BalancedBudgets #BBA #USConstitution

“We don’t want to give up any of this in the next few years” #economy #GDP #forecast #fiscalpolicy #budget
- https://dailynewshungary.com/economy-minister-government-to-continue-pursuing-strict-fiscal-policy/

Government activity and policies have a direct impact on long-run growth. It can invest, and operate through monetary and fiscal policy.
#Government #Governmentactivity #policy #Governmentpolicy #monetary #monetarypolicy #fiscalpolicy
http://ssryders.in/

America has now amassed over $20,000,000,000,000 in debt, which is more than our gross domestic product. Rather than rein in such fiscal profligacy, Congress has overwhelmingly voted to increase America's indebtedness, with opposition from less than half of Republicans. Most people, when driving a car toward a cliff, will slow down and change direction, not stomp on their gas pedal---unless they're either oblivious or have a "death wish." As for myself, I'm not eager to kill our civilization. Except for wartime, it's bad policy for political systems to sell themselves into financial bondage, especially to their adversaries, and it's also bad policy to charge future generations for present expenses. History shows that loose fiscal policies could lead to monetary hyperinflation and even invite dictatorship. We would do well to retire most of our federal politicians before they ruin our nation. Do you agree? Why or why not? How can we best uphold sound fiscal policy?

#USCongress #FiscalPolicy #NationalDebt #FederalDeficit #DebtCeiling #BorrowAndSpend

“The main task remains to reduce state debt”
#Hungary #economy #growth #fiscalpolicy #government
- https://dailynewshungary.com/government-weigh-fiscal-stimulus-combat-slowdown-economic-growth/

Danyliuk sums up outcome of talks with IMF, World Bank

Ukraine and Belgium have agreed to accelerate the process of eliminating double taxation between the two states, Ukrainian Finance Minister Oleksandr Danyliuk wrote on Facebook, summarizing the work of the Ukrainian delegation at the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington, DC.

Danyliuk noted that tackling tax evasion and the need for an effective fiscal policy were determined as global challenges discussed at Washington meetings.
"There is a common understanding that it is necessary to fight corruption and tax evasion more actively, which is important to ensure stable budget revenues and the government's ability to maintain social standards and provide citizens with quality services. In the context of Ukraine, the comprehensive reform of the State Fiscal Service we are now introducing is extremely important, as well as a comprehensive review of agreements on avoidance of double taxation with other countries," the minister wrote.
As UNIAN reported, the Ministry of Finance of Ukraine announced last year that it intends to hold negotiations on the revision of double taxation treaties with the Netherlands, Great Britain, Belgium, Switzerland and Austria.

#Ukraine #Danyliuk #outcome #talks #IMF #WorldBank #doubletaxation #fiscalpolicy #news

It's good policy for people (and their political systems) to live within their means, as the expression goes, and it's bad policy for people (and their political systems) to readily sell themselves into financial bondage, especially to their adversaries, as well as to charge future generations for present expenses.

But sadly, as this New American article details,, America's federal debt grew from 35% of GDP in 2007 t0 70% of GDP in 2012, and has been projected to reach 150% of GDP in 2047.

In these perilous financial circumstances, we might want to remember the words of Elmer T. Petersen, who once asserted: "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy." I think that this is largely true, and I'm not eager for modern America to follow classical Rome's tragic example of spurning its republic to embrace empire, dwindling away into feudal barbarism, and finally languishing for a millennium yearning to regain all that they'd lost. We don't need to lose it if we'll only repent. Let's please do so. How can we best help our federal officers to pursue wise fiscal policy?

#FiscalPolicy #Taxes #Profligacy #Deficits #Debt

The #BalanceofTrade, #FiscalPolicy and the #NationalDebt are some #economic factors that may be affected by the proposed #taxreform under the #TrumpAdministration, especially as the relative value of the #US #dollar is predicted to move. +Alvarez & Marsal #Taxand Managing Directors, Kristina Dautrich Reynolds, Jill Harding, Albert Liguori and Senior Advisor, Ken Brewer take on the #tax reform impact here: https://www.alvarezandmarsal.com/insights/tax-reform-fx-rate-impact-may-trump-tax-rate-impact

Learn more about #AMTaxand here: https://www.alvarezandmarsal.com/expertise/tax