I recently came across a very interesting interview on the EconTalk website. The interviewee was the sports journalist David Epstein, and the topic of discussion was Epstein's recent book, The Sports Gene. This book - an exploration of the nature and nurture of sporting achievement - has been flying off the shelves over the last few months. In fact, a copy recently flew into the hands of President Barack Obama, who bought it for someone as a Christmas present. Obama's tacit endorsement of the book and its subject matter is noteworthy. You see, The Sports Gene is somewhat controversial. It's controversial because it deals with sex differences and racial/ethnic differences in elite sports performance, and because it doesn't attribute these differences entirely to nurture. Nature, says Epstein, plays an important role as well. I have to say I'm not a big fan of the book's title. There's no single gene for prowess in sports, and genes aren't all that matters. But … [Read more...] about Is There a Gene for Winning Gold Medals?
Laws 80 percent lower
On Monday, a well-known leftist writer lauded “progressives” for deceiving the American people in order to convince them that the tax cuts implemented by the Trump administration had in reality raised their taxes. Matthew Yglesias, who co-founded the news website Vox, for which he writes and edits, previously worked at The American Prospect, The Atlantic, and Slate. On Monday, in response to the news that a new NBC/Wall Street Journal poll showed only 17% of Americans believed that their 2018 taxes will be cut as a result of the GOP’s 2017 Tax Cuts and Jobs Act, and that a huge majority of Americans don’t think they got a tax cut from the bill, Yglesias tweeted: Nobody likes to give themselves credit for this kind of messaging success, but progressive groups did a really good job of convincing people that Trump raised their taxes when the facts say a clear majority got a tax cut. Nobody likes to give themselves credit for this kind of messaging success, but … [Read more...] about Leftist Vox Co-Founder Chortles Over ‘Progressives’ Deceiving Americans On GOP Tax Cut Bill
Colorado is an energy-rich state and experts say it’s an exciting time for the renewable and fossil fuel industries, but add that questions around prices, technology and new regulations could create uncertainty heading into the new year and beyond. State and industry representatives spoke Monday during a forum on the new Colorado Business Economic Outlook from the University of Colorado-Boulder. Chris Wright, CEO of Liberty Oilfield Services, said his industry faces uncertainty because of a new state law that is changing how oil and gas development is managed. Alice Jackson,president of Xcel Energy-Colorado, and Will Toor, executive director of the Colorado Energy Office, said the path to achieving ambitious renewable energy goals isn’t totally mapped out. Colorado oil production could reach record levels again this year, according to the economic forecast released Monday by the CU Leeds School of Business. Production totaled 177.6 million barrels in 2018, up 32% from 2017. … [Read more...] about Colorado oil production could reach record levels again in 2020, but employment could decline
It’s not at all surprising that a Democrat would call for higher taxes and spending while campaigning. Sen. Kamala Harris (D-CA), who is running for president, said recently she wants to repeal the entire 2017 tax law that cut taxes for the majority of Americans and replace it with a tax cut that doesn’t look like it will help many people. Also, she uses some fuzzy math to explain how repealing the Trump Tax Cuts and Jobs Act (TCJA) will pay for her education plan even though she has her own tax plan that would replace them. While campaigning in Detroit, Michigan, Harris said she’d “get rid of the whole thing,” referring to Trump’s tax cuts, which gave most Americans a bigger paycheck after they went into effect. Harris’ campaign spokesman, Ian Sams, told Bloomberg that Harris would replace Trump’s tax cuts with her own plan, which would help fewer people. Harris’ plan, called the Livable Incomes For Families Today (LIFT) Act, would … [Read more...] about Kamala Harris Wants To Repeal Trump Tax Cuts For EVERYONE. Her Replacement Plan Would Likely Hurt Middle Class, Economy.
Today is the day. It's Monday, April 15, and taxes are due. You should already have your W-2, your 1099-DIV, your 1099-INT and all of the other forms. Unless you're filing for an extension, it's time to sit down and get to work.This year is going to be more challenging than ever. The US passed a mammoth tax-reform bill in 2017, called the Tax Cuts and Jobs Act (let's call it TCJA from here on out). And the changes mean all kinds of modifications of the rules as well as 400 or more new or revised forms to complete. Fear not: There are a multitude of tax software vendors here to help you file your taxes. These tax prep services, either through downloadable software, a web form or, increasingly, a smartphone mobile app, turn the tax filing process into a less painful question-and-answer dialogue. And if you think there's no such thing as free tax software, think again. Many of these services offer free versions for the simplest forms (e.g., 1040EZ -- at least the federal term), and … [Read more...] about Last chance to check out the best online tax software options for 2019 from Turbo Tax, H&R Block and more services