by Linda Beale Does the Tea Party support Tax Dodgers? Andrew Leonard’s July 27 article in Salon, Tea Party Shields Tax Dodgers, looks at the way Jim DeMint and Rand Paul are carrying water for the big banks–suggesting that Treasury shouldn’t be implementing the “FATCA” legislation passed as part of the HIRE act because it […]
by Linda Beale Tax evaders (and those who aide them), not regulatory complexities, cause tax evasion The July 24 New York Times Magazine carries an article by Adam D entitled My Big Fat Belizean, Singaporean Bank Account. The author shows how easy it was for him to establish a secret offshore bank account that would […]
Update: *Additional numbers added Digby wrote a few days ago about the“grown-up” people coming to town to save America from the deficit. She listed a few of those people and their annual income. Also, a few days ago the Senate had a vote on the tax cuts. Letting the Bush cuts go (I’m […]
Update: (hat tip Robert Waldmann) Senate.gov voting record on middle class tax cut bill Excerpted from Linda Beale’s piece (7/25) on the numbers for the action taken by the Senate: …After threatening to filibuster the Obama tax cut proposal, Mitch CcConnell pulled back. See Lori Montgomery, McConnell pulls back from filibuster on Senate tax-cut vote, […]
by Linda Beale What’s Romney Got to Hide? (Part III) In the last two posts, I explored a number of fairly simple questions that might be raised about Romney’s activities that would be clarified by seeing multiple returns (hobby versus investment/business losses; business versus passive activity losses; amounts of preferentially taxed income; income reported from […]
by Linda Beale What’s Romney Got to Hide? It’s past time for financial and tax transparency As everybody who has followed anything about this election cycle knows, Mitt Romney–likely the wealthiest man to run for president, the only bankster/private equity fund founder (sole shareholder, CEO and manager) to run for president, and probably the only […]
by Mike Kimel A Partial Review of Bulls Bears and the Ballot Boxby Bob Deitrick and Lew Goldfarb A couple of years ago, Michael Kanell of the Atlanta Journal Constitution and I wrote Presimetrics. In it, we looked at how Presidents did on a wide range of issues – everything from abortions to the national debt. We measured […]
by Linda Beale Tax Foundation Misses the Ball (again) in its analysis of Supreme Court Health Care Ruling The Tax Foundation pretends to be non-partisan. Of course we all know that is pretense. Look at the way it has pushed its concept of the so-called “tax freedom day”, which misleads everyday Americans into thinking that […]
by Linda Beale Paul Moreno’s “short history” of the taxing power At the May meeting of the American Bar Association Tax Section, Jaspar (Jack) Cummings (a well-renowned tax practitioner who has written extensively on the Supreme Court’s tax jurisprudence) and I gave a joint keynote speech for the Tax Section’s Diversity Committee. Our address covered […]
by Mike Kimel Variations on “Only Nixon Can Go to China” This is not a short post. Be forewarned. A few years ago, I co-authored a book called Presimetrics with Michael E. Kanell, a reporter for the Atlanta Journal Constitution. In the book, we tried to take an objective look at how Presidents performed on […]