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    A Benchmark for Socialist Tax Rates

    You've heard it a thousand times. President Obama wants to continue the Bush-era tax cuts for households with taxable incomes under $250,000 a year, while allowing those cuts to expire for wealthier taxpayers. Were that to occur, the 33% bracket...

    Selling the Left on VAT

    Liberals don't like VAT because it is a regressive tax. They are factually correct. VAT is regressive. The VAT that Warren Buffet pays on a ham sandwich is exactly the same as what a poor person pays on an identical purchase. VAT is blind as to who...

    Obama's Corporate Minimum Tax

    President Obama has given us his framework for corporate tax reform . There's much talk about his proposed minimum tax on offshore profits. The framework is thin on details, but we're able to provide the following preview of how the tax might...

    A Grown-Up Conversation About Corporate Tax

    Nothing is more fun for liberals than to catch a big multinational abusing U.S. tax laws. Google, Cisco, General Electric, and Apple -- to name a few -- now have public relations problems because the press has put a spotlight on their use of offshore...

    Obama's Rate Cut: How Low Can You Go?

    President Obama's newly released 'framework' for corporate tax reform envisions a significant rate cut for U.S. firms. You can read the details at the President's Framework for Business Tax Reform . His basic idea is to lower the statutory...

    Eliminate Everybody's Loopholes Except Mine

    Until he talked about tax reform, Treasury Secretary Timothy Geithner's spirited defense of administration policy was making a lot of sense. The scene was the venerable Senate Finance Committee hearing room the day after the release of President...

    How I Learned to Stop Worrying and Love the Payroll Tax Cut

    I pretty much have always blamed our politicians for the dysfunctional, unreliable and incomprehensible tax system that we have. But maybe we just get the politicians we deserve. Our politicians in Washington have agreed to extend the so-called payroll...

    Exempting Groceries from Tax Is Feel Good Bad Policy

    My friends at Roth & Company - the preeminent CPA firm in Iowa - posted a chart on their Tax Update Blog showing which states tax groceries. Actually the chart is from the Tax Foundation. I was shocked to see how many states completely exempt groceries...

    Corporate Tax Reform Book

    I just finished reading my colleague Marty Sullivan's new book on corporate tax reform. It's called Corporate Tax Reform: Taxing Profits in the 21st Century and is a nonpartisan guide to what he calls the great debate on the subject. As many know...

    Say Bye-Bye to Reform: Obama Becomes Clinton

    There has been no shortage of encouraging words about tax reform from the White House... ... Unfortunately, all words and no action. Despite these statements and others like them, there is really no commitment from the Obama administration for broad...

    Reagan Is Not the Answer

    I know everybody - at least most Republicans running for President - wants to be Ronald Reagan. But guess what? It isn't the 80s. A piece in yesterday's New York Times , entitled " Sunday Dialogue: Time for Tax Reform? " posed the following...

    The Brill Plan: Bold, Brilliant, and Second Best

    Alex Brill, an economist with the American Enterprise Institute in Washington DC, recently released a new tax reform plan. The stated objectives of his six-part plan are to lessen the harmful distortions of the current tax system while promoting economic...

    Bartlett's Not-So-Familiar Quotations

    [Bruce] Bartlett has published a new book, The Benefit and the Burden: Tax Reform -- Why We Need It and What It Will Take . It's not a book for tax professionals, who will find much of it elementary. Rather, Bartlett is aiming for the average voter...

    Small Business - Another Third Rail

    Small business accounts for much of this country's economy. OK. But it also accounts for much of this country's growing tax gap - the difference between taxes owed and taxes paid. A recent IRS report estimates that the tax gap now measures $450...

    When Should Small Businesses Get a Tax Break?

    If you listen to the politicians, you might think all would be right with the world if we just had more small businesses. There would be more innovation. More jobs. More entrepreneurship. More growth. If you sign on to this worldview -- as most of the...

    And the Winner of the Dumbest Tax Policy Initiative of the 21st Century Is...

    By Sheldon H. Laskin, Adjunct Professor, University of Baltimore Graduate Tax Program As Jon Stewart would say, I'm calling it right now. Recently, a relative got a letter from the Treasury advising her that she might be the owner of fully matured...

    I Will Ask Again, Why Are We Taxing Corporate Income?

    I have been opining , preaching really , for years on why we should repeal the state corporate income tax. As I noted before, any corporation with a breathing accountant can avoid all or most state corporate income taxes... The tax does not raise a...

    Start-Ups, Not Small Businesses, Are Key to Job Creation

    In an October 23, 2011, op-ed in The New York Times , Jared Bernstein neatly laid out some earthshaking facts. The former economic adviser to Vice President Joe Biden summarized recent research that says small business is not the engine of job creation...

    Despite What Everybody Thinks, Tax Is Not a Four Letter Word

    The Policy Institute of Montana issued a report recently calling for higher taxes through a more progressive system. The report is titled " Tax is not a Four-Letter Word: Ideas for a More Progressive Taxation System in Montana. " The Institute...

    Paying Your Fair Share

    A common refrain from liberals is that the wealthy do not pay their fair share of taxes . Such charges usually devolve into a debate over how much the one percent does, did, and should pay. The debate over how progressive the income should be has raged...

    New Research Weakens Case for Small Business Tax Relief

    ... Economists John Haltiwanger, Ron Jarmin, and Javier Miranda... observe that... [y]oung firms are likely to grow much more rapidly than mature firms. However, young firms are also much more likely to go out of business than mature firms. Overall, young...

    The Payroll Tax Deal Will Get Done

    ... My not-so-bold prediction over the last couple of weeks has been that the temporary payroll tax cut will be extended, and, on time. Why? Because there is too much danger for the politicians on all sides - Democrats in Congress, Republicans in Congress...

    Payroll Tax Politics

    By Robert Goulder The GOP never met a tax cut they didn't like ... until now. That's how Democrats portray Republican reluctance to extend the payroll tax breaks scheduled to expire at the end of the year. Casual observers of U.S. tax policy...

    Do CA and NY Get the ALEC–Laffer Message? Is the Message Believeable?

    In the first full week in December, "wealthy" New Yorkers and Californians found themselves to be a step closer to seeing their income tax liabilities (state, not federal) rise. This trend appears to be counterintuitive to anyone that respects...

    Tax Reform? Just Don’t See It

    So let me see if I have this right. If you allow the so-called Bush tax cuts to expire, which they were designed to do, it's a huge tax increase (the GOP). If you allow the temporary cut in payroll taxes to be temporary, it's a huge tax increase...