Shakespeare and Tax Reform

By |2018-01-29T13:15:58+00:00January 29th, 2018|Categories: Global Market Update|Tags: , , , |

What we call things is important. Photo: Victor Hanacek. Source: Picjumbo How items are defined can have real-world implications on how they’re treated. Consider the latest changes in the tax code. Individuals can now only deduct up to $10,000 of the State and local taxes they pay. So high-income people in high-tax states like New York, California, and Vermont could end up paying more on their Federal income taxes than they would if they lived in a [...]