The Simple Tax Return
Economist Austan Goolsbee has a $44 billion idea called the “Simple Return”: Around two-thirds of taxpayers take only the standard deduction and do not itemize. Frequently, all of their income is solely from wages from one employer and interest income from one bank. For almost all of these people, the IRS already receives information about Read More »
Susan Athey wins Clark Medal
The John Bates Clark Medal is given every two years to the American economist under the age of 40 who is deemed most influential. Congratulations to Susan Athey, a Harvard professor, who won the award today! She is the first woman to win the award. I got to know Susan and her husband Guido Imbens Read More »
Note to Self: Stop Throwing Out Pennies
Whenever I get change for a dollar, I ask the cashier to keep the pennies. They aren’t worth my time, or hers, or yours. Sometimes the cashier refuses for bookkeeping purposes, in which case I politely accept the pennies and then throw them in the nearest trash can. (Is this illegal? Maybe so, but then Read More »
