Tax Policy and Economic Research by Kyle Pomerleau
Kyle Pomerleau: Retail sales taxes should not be applied to business purchases
Kyle Pomerleau argues that retail sales taxes should not be imposed on business-to-business purchases. He adds that expanding sales tax to include consumer services, which are often exempt, could ...
R&D is treated more favorably than capital assets, Kyle Pomerleau notes
Kyle Pomerleau argues that research and development activities receive more favorable tax treatment than other capital assets under a proposed corporate book minimum tax plan. He emphasizes that ...
Kyle Pomerleau: State and local taxes are moderately progressive
Kyle Pomerleau argues that state and local taxes in the U.S. are moderately progressive, countering the perception that these taxes are regressive. He emphasizes the importance of accurate ...
Highway trust fund relief plan has financial drawbacks, Kyle Pomerleau warns
Kyle Pomerleau believes that a proposed idea to address the highway trust fund would provide little or no relief. According to Pomerleau, the plan could actually worsen the financial situation ...
Kyle Pomerleau: Taxing excess returns without deterring investment is possible
Kyle Pomerleau, industry influencer, raises the question of whether there could be a system that taxes outsized returns from businesses without discouraging new, productive investments. His ...
Rental property deductions are more generous than home deductions, Kyle Pomerleau notes
Kyle Pomerleau, industry influencer, argues that comparing mortgage interest deductions for homeowners with those for rental properties is invalid. He explains that while both homeowners and ...
Kyle Pomerleau: Sales tax penalizes earning but does not discourage investment
Kyle Pomerleau examines the effects of a sales tax, stating that while it penalizes earning, it does not deter investment or saving. He further argues that a properly measured sales tax would be ...
High-income households seldom engage in buy-borrow-die, Kyle Pomerleau notes
High-income households do not frequently utilize the buy-borrow-die approach, according to Kyle Pomerleau. The statement is based on research that indicates limited use of this financial strategy ...
Kyle Pomerleau: Both tax increases and cuts linked to inflation
Kyle Pomerleau expresses fascination with a perspective that views both tax increases and tax cuts as drivers of inflation. His comment highlights debate over the relationship between fiscal ...
Raising standard deduction would reduce donating cost, Kyle Pomerleau notes
A major increase in the standard deduction would most significantly lower taxes for upper-middle income households, according to Kyle Pomerleau. Pomerleau also notes that this policy change could ...
Kyle Pomerleau: C corporate share of BEA profits now near 60 percent
Kyle Pomerleau clarifies differences in corporate profit measures, noting that the orange line metric includes S corporations, REITs, RICs, and Federal Reserve bank profits, while the blue line ...
Lawmakers could reform U.S. gambling tax policies, Kyle Pomerleau examines
Kyle Pomerleau highlights a new paper co-authored with Alex Durante reviewing the economics of gambling. The work analyzes how the U.S. income tax diverges significantly from an ideal approach to ...
Kyle Pomerleau: Additional saving alone may have limited effect on firm investment
Kyle Pomerleau commented that increases in saving will only lead to higher investment if they help reduce the cost of capital for firms. He added that in an open economy with robust capital ...
Progressivity does not apply to business entities in tax burden, Kyle Pomerleau argues
Kyle Pomerleau argues that progressivity is a meaningless concept when it comes to business entities and tax policy. He explains that it is ultimately the owners and workers of these entities ...
Kyle Pomerleau: Land tax does not affect incentives, property tax cut is key
Kyle Pomerleau questions widespread understanding of land taxes and their effect on incentives. According to Pomerleau, the land tax itself does not change incentives, while the property tax cut ...
Corporate tax structure still has major flaws, Kyle Pomerleau argues
Kyle Pomerleau highlights that although expensing has increased compared to earlier periods, significant issues persist within the corporate tax system. He notes that U.S. debt continues to be ...
Kyle Pomerleau: Top earners likely gain at $200k to $500k range
Kyle Pomerleau suggests that the largest beneficiaries in a given scenario are likely individuals earning between $200,000 and $500,000. Pomerleau did not specify additional details or context in ...
Revenue could reach $2 trillion over ten years, Kyle Pomerleau says
Kyle Pomerleau comments on revenue projections based on Saez and Zucman's preferred elasticity figure of -8 for 2019, which he notes is at the lower end found in the literature. He adds that this ...
Kyle Pomerleau: Homeowner capital gains exclusion limits tax liability
Most homeowners are unlikely to see the sale price of their property significantly impact their adjusted gross income, according to Kyle Pomerleau. He notes that only the gains exceeding the ...
Kyle Pomerleau: Wealth tax inefficient at raising $4.4 trillion over 10 years
The prospect of imposing a wealth tax that would need to collect $4.4 trillion over a 10-year period indicates its significant inefficiency, according to Kyle Pomerleau. Pomerleau points out that ...
Kyle Pomerleau scrutinizes trade deficit claims and questions definition of excess savings inflow
Kyle Pomerleau challenges the assertion that a large trade deficit is a sign the country is absorbing foreign excess savings. He raises critical questions about what constitutes 'excess' in ...
