by Mike Kimel Sumner is Now More Wrong So there’s a a response from Sumner to my critique of his earlier post. And he clearly doesn’t get it. Again, I’ll focus on the low hanging fruit, but this time I’ll try to simplify a bit more. First comment here: Um, no you don’t want to […]
by Linda Bealecrossposted with Ataxingmatter More on Carried InterestAs most ataxingmatter readers know (Rdan…and Angry bear readers), there is currently under consideration in Congress legislation that would extend some of the Bush tax breaks and in return pay for those extensions by taxing service partners’ profits interests at ordinary income rates (or, under one version […]
by Beverly Manncrossposted with The Annarborist The Necessary and Improper Clause? “Is it possible that most of us haven’t noticed that the Supreme Court has just handed Congress broad authority to detain people merely because they show signs of future dangerousness?”—Dahlia Lithwick, “Detention Slip: The Obama administration wants to hold terrorists. Did SCOTUS just give […]
by Mike Kimel Why Scott Sumner is Wrong A number of the big libertarian & rightwing blogs are putting up links to this post by Scott Sumner. I’m kind of surprised because the argument seems to have more than a few weaknesses. What Sumner is doing is trying to show that the policies pursued by […]
Taken from Your moment of: WTF On Thursday a federal judge gave James O’Keefe a stern talking to about his deception in entering a US Senator’s office and trying to vandalize and muck about with the telephones. What could have been felony charges were reduced to misdemeanors by influential GOP lawyers previously and after the […]
by Mike KimelCross posted on the Presimetrics blog. Government Spending and Economic Expansions It is conventional wisdom that raising taxes, particularly during and just after a recession, will harm the economy. Last week I checked whether that was true. (The post appeared in the Presimetrics blog and the Angry Bear blog.) The post looked at […]
Hat tip to Yves Smith at Naked Capitalism for Rep. Alan Grayson’s “the war is making you poor act”.
by Linda Bealecrossposted with AtaxingmatterSeventh Circuit confirms rejection of Ch. 11 bankruptcy for tax avoidance purposes What will they think up next as a way to avoid paying their fair share of taxes. One corporation decided to proclaim bankruptcy as a tax shelter. Luckily for the US, the bankruptcy judge would have none of it, […]
by Linda Bealecrosposted with Ataxingmatter Maule and Pappas on progressive taxation and the decreasing burden on the rich Maule and Pappas have been engaging in a debate on progressive taxation and the decreasing burden on the rich. See Canonizing the Rich, Part 1, Part 2, and Part 3. As Maule shows in his posts, the […]