Via Taxprog blog: Bartlett: Mitt Romney, Carried Interest and Capital GainsNew York Times: Mitt Romney, Carried Interest and Capital Gains, by Bruce Bartlett: A key reason for Mr. Romney’s low tax rate is that a very substantial amount of his income comes from capital gains – 51% in 2011 and 58% in 2010. Capital gains, […]
by Linda Beale Whistleblower gets millions: good for compliance improvement (and makes us ask again–did Romney get amnesty?) Bradley Birkenfeld, the UBS whistleblower who helped jumpstart the IRS’s enforcement of foreign bank account reporting and helped catch criminal tax evaders, ended up serving a relatively short prison term (for failure to be entirely forthcoming, in […]
After expressing sorrow about the deaths, Mr. Romney told reporters on the campaign trail that the Obama administration had tried to appease Islamic extremists who should have been condemned instead. He said a statement issued by the American Embassy in Cairo before the deaths criticizing an anti-Islamic video was “akin to an apology” and a […]
The Wall Street Journal is running an article where they suggest that sales of the new i Phone could boost US real GDP growth. http://online.wsj.com/article/SB10000872396390443696604577645920875813322.htmlased firm But the i Phone is built in China by a Taiwanese based firm. So the consumer and business spending on the new i Phone will be offset in the […]
John Quiggin writes at Crooked Timber on a not new discussion on what constitutes “white working class” or “whiteworkingclass” used in media descriptions. In comments there are several who tackle the question well….Bruce Wilder for one. I am not sure there is a clear answer without considering geographical issues and histories, rural/city/suburb issues, and such, but […]
Public Policy Polling has a robo based poll making the rounds yesterday with this question (15) and responses: Q15 Who do you think deserves more credit for the killing of Osama bin Laden: Barack Obama or Mitt Romney? Barack Obama……..63% Mitt Romney……… 6% Not sure ………. 31% The breakdown looks like this: Choosing Mitt is […]
[A]n unusually high foreign tax credit in 2008 raises questions about the size and source of Mr. Romney’s foreign income that year and how it was treated for tax purposes. — Tax Credits Shed Light on Romney,* James B. Stewart, New York Times, Aug, 24 I don’t follow finance-industry news very closely, and the only […]
I can’t top last year’s post, so I’m just going to embed a (now-dead) fictional character talking about the death of another fictional-but-loosely-based character. Obama Just Forgot the “Times Square” part. The previous Administration Just Forgot.
by Linda Beale Romer’s deficit reduction suggestions worth a read Christina Romer’s recent piece in the New York Times is worth reading. See C.D. Romer, Cutting the Deficit, with Compassion, New York Times at BU5 (Sept. 9, 2012). Now, I generally have found Romer too willing to advocate austerity economics and too unwilling to support […]
From the NY Daily News comes a Tale of Two Cities (and does not include rural poverty): We have more poor people in Brooklyn than the entire population of Detroit; we have more people on food stamps than the entire population of Washington, D.C.,” Gelber said. “Yet there are more wealthy people than in Greenwich, […]