Jared Dillian is the founder and principal of Jared Dillian Money.
Yes, We Should End Taxes on Tips
Taxing tips generates practically no revenue, burdens workers, and fuels pointless IRS audits.
Taxing tips generates practically no revenue, burdens workers, and fuels pointless IRS audits.
Cuts to government spending mean fewer bonds, lower borrowing costs, and potentially a break for borrowers.
America’s tax system is already highly progressive. A simpler, flatter structure would be fairer, raise more revenue, and fuel economic growth.
If a central bank has to exist, it has to be independent.
The Treasury Secretary’s debt decisions during the pandemic locked in low rates—but only for two years. Now, taxpayers are paying the price.
Capping state and local tax deductions sparked a tax migration that rewarded pro-growth states. Raising the cap now would stall reform where it’s needed most.
A rate cap could leave millions scrambling for alternatives in an increasingly cashless economy.
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