Dec 7, 2017

12/07/2017: Why the pass-through should be your tax plan problematic fave

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In a matter of weeks, the GOP tax plan will be in effect and riddled with unintended consequences due to the haste of passing it, says Tax Analysts chief economist Martin Sullivan. His favorite unintended consequence? Benefits for pass-through…

Segments From this episode

Angela Merkel's woes echo beyond Germany's borders

Dec 7, 2017
The chancellor is struggling to secure a ruling coalition. The EU could be affected.
German Chancellor Angela Merkel's political vulnerability coincides with French President Emanuel Macron's call for an overhaul of the European Union.
Philipp Guelland - Pool/Getty Images

To send or not to send the emergency alert

Dec 7, 2017
Limitations mean officials have to be judicious with the warnings they send to phones.
Justin Sullivan/Getty Images

GE to cut 12,000 jobs as demand for fossil fuel power stations falls

Dec 7, 2017
General Electric Co. announced today it’s cutting 12,000 jobs in its core power business worldwide, as demand for coal and other fossil fuels softens. It’s the latest move by new CEO John Flannery to cut costs and turn things around at…

Hurtling toward the tax bill's unintended consequences

Dec 7, 2017
Economist Martin Sullivan's problematic fave from the GOP plan is the pass-through tax.
Senate Majority Leader Mitch McConnell, a Republican from Kentucky, speaks to reporters Tuesday at the Capitol about the tax reform bill the Senate passed last week.
Mark Wilson/Getty Images

In a matter of weeks, the GOP tax plan will be in effect and riddled with unintended consequences due to the haste of passing it, says Tax Analysts chief economist Martin Sullivan. His favorite unintended consequence? Benefits for pass-through companies, which are basically any businesses that aren’t corporations, and could include you if you incorporate yourself. Then your wages can be seen as tax-preferred income and you can pay a lower rate. Plus, how GE’s job cuts relate to the fall in demand for fossil fuel power equipment, the challenges and costs of getting emergency alert systems right and Kai Ryssdal talks Reagan-era glamour and workplace gender equality with pioneering Vanity Fair Editor Tina Brown.

 

Music from the episode

Pick Up Bonobo
Mad Solange, Lil Wayne
Cirrus Bonobo
Boys Britney Spears
Passionfruit Drake