{"id":9713,"date":"2019-10-18T16:41:07","date_gmt":"2019-10-18T21:41:07","guid":{"rendered":"http:\/\/blog.uwsp.edu\/cps\/?p=9713"},"modified":"2019-12-17T12:59:06","modified_gmt":"2019-12-17T18:59:06","slug":"income-taxes-bush-vs-obama-vs-trump-part-1-intro","status":"publish","type":"post","link":"https:\/\/blog.uwsp.edu\/cps\/2019\/10\/18\/income-taxes-bush-vs-obama-vs-trump-part-1-intro\/","title":{"rendered":"Income Taxes – Bush vs. Obama vs. Trump Part 1: Intro"},"content":{"rendered":"\n

This blog will take a look at everyone\u2019s favorite subject \u2013 income taxes. Why? Well, five reasons:<\/p>\n\n\n\n

1) taxes are important,
2) taxes are complex
3) a lot changed in 2018
4) changing taxes can have significant implications, not only on individuals and corporations, but also on government spending and how the government funds that spending
5) changing taxes affects current and future economic performance.<\/p>\n\n\n\n

In this blog, we\u2019ll\ntry and summarize the basic principles of federal income taxes (which can be\nchallenging in and of itself), and we\u2019ll focus on what changed since the turn\nof century under Presidents Bush, Obama, and Trump. Of course, any change in\nthe tax code is a function of both the President and Congress, but tax changes\nusually reflect the President\u2019s opinion on taxes. Our next blog will discuss why\nthe changes occurred and discuss some of the consequences of those changes. That\nwill also be challenging in and of itself. For now, to keep things (somewhat)\nsimplified, we\u2019ll just focus on how the system works and recent changes.<\/p>\n\n\n\n

CBEI Blog Series: Income Taxes \u2013 Bush vs. Obama vs. Trump<\/strong><\/em>
Part 1: Intro<\/a>
Part 2: Federal Individual Income Tax Overview, How it Works<\/a>
Part 3: President Obama vs. President Bush<\/a>
Part 4: President Trump vs. President Obama<\/a>
Part 5: Corporate Incomes \u2013 Briefly but Importantly<\/a><\/p><\/blockquote>\n\n\n\n

\"Kevin<\/figure>
\n

Kevin Bahr is a professor emeritus of finance and chief analyst of the Center for Business and Economic Insight<\/a> in the Sentry School of Business and Economics at the University of Wisconsin-Stevens Point. <\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

This blog will take a look at everyone\u2019s favorite subject \u2013 income taxes. Why? Well, five reasons: 1) taxes are important,2) taxes are complex3) a lot changed in 20184) changing taxes can have significant implications, not only on individuals and corporations, but also on government spending and how the government funds that spending5) changing taxes […]<\/p>\n","protected":false},"author":136,"featured_media":9757,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,527],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.uwsp.edu\/cps\/wp-json\/wp\/v2\/posts\/9713"}],"collection":[{"href":"https:\/\/blog.uwsp.edu\/cps\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.uwsp.edu\/cps\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.uwsp.edu\/cps\/wp-json\/wp\/v2\/users\/136"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.uwsp.edu\/cps\/wp-json\/wp\/v2\/comments?post=9713"}],"version-history":[{"count":3,"href":"https:\/\/blog.uwsp.edu\/cps\/wp-json\/wp\/v2\/posts\/9713\/revisions"}],"predecessor-version":[{"id":9742,"href":"https:\/\/blog.uwsp.edu\/cps\/wp-json\/wp\/v2\/posts\/9713\/revisions\/9742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.uwsp.edu\/cps\/wp-json\/wp\/v2\/media\/9757"}],"wp:attachment":[{"href":"https:\/\/blog.uwsp.edu\/cps\/wp-json\/wp\/v2\/media?parent=9713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.uwsp.edu\/cps\/wp-json\/wp\/v2\/categories?post=9713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.uwsp.edu\/cps\/wp-json\/wp\/v2\/tags?post=9713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}