…way of intangible profits but has half of its activity in high tax Europe. Its effective tax rate – calculated as worldwide tax obligations relative to worldwide income – is…

…top 1% of US income and wealth. As a result of these two strong influences, the GOP now stands for tax-cuts-no-matter-what (and for tax cuts that benefit the wealthy most…

…seemingly inexplicable $800,000 in foreign income taxes, “far more than any other year,” as indicated in the 2010 tax returns. Stewart writes that Romney “reported more than $800,000 in taxable…

From Tax Prof blog: Tax Court Rejects Geithner/Turbo Tax Defense Bartlett v. Commissioner, T.C. Memo. 2012-254 (Sept. 4, 2012): Petitioner admits that her income was misreported and that her taxable…

…tax) to the GOP push to cut income tax rates in states in favor of sales taxes. But when it comes to a financial transactions tax, all of a sudden…

…“optional 15% flat tax” (zero tax on unearned income); Cain’s 999 transitioning to a national retail sales tax proposal (a flat consumption tax that would be heavily regressive and leave…

…We the People as income tax. Based on the Tax Foundations data that figures out to an average of 12.68% of taxable income paid as income taxes. Thus, $6,311.72 is…

…indeed threaten tax collections from U.S. subsidiaries. But one might argue that deferral has almost completely neutered the benefit from worldwide taxation already. The bottom line is that the United…

…and George Soros had used the same tax breaks as he had in carrying over massive business losses from one year to claim massive tax deductions for many years to…

…tax cut raised taxes on single workers whose wages come to $20,000 or less and married couples with less than $40,000 in wages. That’s 51 million taxpayers, the Tax Policy…