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exempted from the tax, since the fact that future sales will be subject to the tax will lower the price of stocks sold in the …
Persistent link: https://www.econbiz.de/10010534823
package, was a first-time homebuyer tax credit. The tax credit gave people buying their first home, or who had not been … homeowners for at least three years, a tax credit equal to 10 percent of the purchase price of the home, up to $8,000. The … impact of the homebuyer credit. The first part produces a set of calculations of the amount of wealth transferred to sellers …
Persistent link: https://www.econbiz.de/10010541807
There are many economists who argue that temporary tax cuts, like those in the 2009 stimulus and the ones proposed by … President Obama last week, have no impact on the economy. They argue that people will save a temporary tax credit rather than … additional spending, or, alternatively, whether it raised personal savings by more than one dollar. This paper shows that there …
Persistent link: https://www.econbiz.de/10009293654
about outcomes that they consider fair. This puts liberals in the position of seeming to want to tax the winners to help the …
Persistent link: https://www.econbiz.de/10009364321
At the peak of both the stock and housing bubbles, there were extraordinary shifts in the statistical discrepancy between the national output and income accounts. The statistical discrepancy fell from its normal range of 0.5 – 1.0 percent of GDP to levels below -1.0 percent of GDP. The...
Persistent link: https://www.econbiz.de/10009251295
On January 1, the maximum amount of annual earnings subject to the Social Security tax – a.k.a. the payroll tax cap … Social Security payroll tax rate than those who make more. To help alleviate Social Security’s long-term budget shortfall …
Persistent link: https://www.econbiz.de/10010604616
investment banks who qualify to borrow through the special lending facilities created in the last year by the Federal Reserve …
Persistent link: https://www.econbiz.de/10004964398
This paper looks at the trends in activity at the Federal Reserve’s newly-created special lending facilities, hoping to provide a better understanding of their operation and significance within financial markets. These facilities were created in response to the financial crisis and have...
Persistent link: https://www.econbiz.de/10004964402
The Great Recession has left tens of millions of families facing unemployment, underemployment and the threat of losing their home. However,concerns over the deficit threaten to derail efforts to turn around the economy and spur employment. This report attempts to correct many of the...
Persistent link: https://www.econbiz.de/10008563396
One outcome of the TARP and other bank rescue efforts following the collapse of Lehman Brothers in September of 2008 is that the United States has essentially formalized a commitment to a “too big to fail” (TBTF) policy for major banks. This paper uses data from the FDIC on the relative cost...
Persistent link: https://www.econbiz.de/10008545819