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Monthly Archive:: September 2021

Many Financial Institutions Are Getting Into Payday Loans

TweetShareSharePin0 SharesMany Financial Institutions Are Getting Into Payday Loans Payday loans, sometimes called paycheck advances or cash advances, are small, short-term loans. (Don’t confuse this “cash advance” with the term used when you borrow money against a prearranged line of credit. They are far from the same thing.) These payday loans do not require a

How Progressive is the US Tax System?

TweetShareSharePin0 Shares As Congress considers several tax proposals designed to raise taxes on high-income earners, it’s worth considering the distribution of the existing tax code. While the image that rich Americans pay little taxes is popular, it’s a misconception: high-income individuals already pay a large share of taxes, even when compared to their share of

House Democrats Pass-Through Business Tax

TweetShareSharePin0 Shares Under the House Democrats’ reconciliation plan, the top tax rate on pass-through business income would exceed 50 percent in most states. Pass-through businesses, such as sole proprietorships, S corporations, and partnerships, make up a majority of businesses and majority of private sector employment in the United States. The owners of these firms pay individual income tax on income derived
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