…income tax (that would have far fewer corporate and individual credits and deductions)—thereby allowing for lower individual and corporate income tax rates. Meaning that for Peterson ‘shared sacrifice’ means retaining…

…they use their deductions to then tell us how to build a military? Yes, defense of the homeland is the common defense; however, in the constitution the main source of…

…two rates and virtually no special tax deductions, credits, or exclusions (except the health care tax credit). Simplifies tax rates to 10 percent on income up to $100,000 for joint…

…thought that since it could always disallow the deductions later if the plan got confirmed and since it isn’t in the business of preventing abuse of bankruptcy per se, there…

…phased out deductions for the wealthy (like the phase out of the itemized deduction, which was repealed under Bush, etc.). There are some really great graphs in the article–so look…

…revenue raiser is capping itemized deductions, which would garner almost $300 billion over 10 years, but the Dems in Congress have practically rolled over on that one already. [hat tip…

…postcard with just two rates and virtually no special tax deductions, credits, or exclusions (except the health care tax credit). Simplifies tax rates to 10 percent on income up to…

…of income reporting from the ICs, and for those who do report the income there are usually expense deductions not normally useful to a real employee. Taxation agencies receive less…

…necessarily be the best choice for fiscal stimulus.” It considers, for example, the idea of tax credits–the two most common of which are investment tax credits and accelerated deductions for…

…on income promote more economic input. Under our modern tax system, certain types of consumption are privileged over others. For example progressive tax rates and standard deductions are an explicit…