The Deduction

Technology is moving rapidly--especially when it comes to taxes. With advancements in AI and machine learning, we are seeing technology being utilized in every corner of the tax world. From policy to...

27 Jul 202231min

On July 1st, 2021, over 130 countries agreed to a sweeping overhaul of the global tax system. This agreement -- on a 15% global minimum tax -- was unprecedented, taking on over a century of how inter...

7 Jul 202219min

Oil prices have skyrocketed, posing a new risk to the post-pandemic recovery. Feeling the pressure to respond, policymakers have proposed everything from gas tax holidays, tapping into strategic reser...

28 Jun 202213min

Amidst soaring inflation, policymakers across the political spectrum proposed many ideas to soften the blow of higher prices—especially for low-income workers and families. One idea that caught on qu...

9 Jun 202219min

Property taxes are one of the most substantial tax burdens businesses face. In 2020 alone, property taxes accounted for almost 38 percent of all taxes paid by businesses to state and local governments...

26 Mai 202216min

Amidst bipartisan climate negotiations on Capitol Hill, there have been renewed calls for a carbon tax. Carbon taxes have long been magnets for political controversy. But from an economic standpoint,...

12 Mai 202220min

Episode Description: State lawmakers have been on the move this year. One major trend that has been taking place? A push for flat taxes. In more than 100 years of state income taxes, only four states...

28 Apr 202217min

President Biden this week released his annual budget. In a letter to lawmakers, the 46th President said that this $5.8 trillion package would “[grow] our economy, while ensuring that the wealthiest Am...

31 Mar 202218min