Tax Policy and Economic Research by Kyle Pomerleau
Kyle Pomerleau: Deduct venture investments and tax withdrawals instead of unrealized gains
Kyle Pomerleau proposes a tax approach for billionaires where investments made into their own ventures are fully deductible, and only the funds withdrawn from these ventures are taxed. According ...
Government shares in outsized returns from traditional accounts, Kyle Pomerleau notes
Kyle Pomerleau comments that, from a revenue perspective, traditional accounts do not pose a significant issue because the government receives a share of the outsized returns through taxes that ...
Kyle Pomerleau: Removing experience rating would increase UI program use and require higher net labor taxes
Kyle Pomerleau states that eliminating experience rating would lead to increased use of the unemployment insurance (UI) program. He adds that this change would necessitate higher net taxes on ...
Hiking other taxes brings no real affordability gain, Kyle Pomerleau argues
Kyle Pomerleau raises concerns that increasing certain taxes will simply result in other taxes being raised, leading to no net improvement in overall affordability. He points out that such tax ...
Kyle Pomerleau: Government spending may reduce private sector output
Kyle Pomerleau challenges the idea that government spending can always boost economic output. He argues that when the government buys more labor and supplies, these resources are no longer ...
FICA and SECA structures lead to nearly identical tax wedges, Kyle Pomerleau notes
Kyle Pomerleau outlines the differences and similarities between FICA and SECA tax rates. FICA applies a 15.3% rate with a 50/50 split between employees and employers, and the employer portion is ...
Kyle Pomerleau: Tariffs impose burden on investment regardless of expensing
Kyle Pomerleau disputes recent claims about the impact of tariffs on investment. He asserts that tariffs add a burden to investment decisions regardless of whether the investment is ...
Net worth equal to half of CA GDP does not confer claim to output, Kyle Pomerleau notes
Kyle Pomerleau questions the validity of equating personal net worth with a direct claim on economic output. In a recent post, he argues that while an individual's net worth in stocks may match ...
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 ...
