Posted: February 2nd, 2020
By: Dylan Ray
Sandia Resort and Casino
Nearly all revenue generated by Native American tribes is exempt from federal income taxation. Individual Native Americans are, however, usually, taxed like all other citizens. Individual Native Americans must pay tax on income derived from their labor, businesses, investments, and gains from dealings in properties that are not held in trust by the federal government. Additionally, the Internal Revenue Code (IRC) taxes individual Native American’s income regardless of whether it was earned on or off Native land.
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Posted: August 18th, 2019
By: Dylan Ray, Summer Blogger
Economic activity, which reflects the balance between buying and selling assets, can be manipulated. In times of recession, with decreased economic activity, the government usually attempts to increase demand. For example, the Federal Reserve boosts economic activity, by reducing interest rates, in times of recession. Similarly, Congress can improve the economy, when it experiences a recession, by altering the tax regime and increasing capital investment. However, with the 2018 enactment of the Tax Cuts and Jobs Act (TCJA), Congress implemented aggressive depreciation provisions, which are no longer available to combat a forthcoming recession. Continue reading »
