The importance of redistribution
…other important progressive reforms), and through the provisions for standard deductions and personal exemptions and refundable credits, which can provide a part of the social safety net that any wealthy,…
…other important progressive reforms), and through the provisions for standard deductions and personal exemptions and refundable credits, which can provide a part of the social safety net that any wealthy,…
…are much more meaningful.) (2) most of the complexity that actually exists in the Code affects only the 3 in 10 taxpayers who “itemize” their deductions on their tax returns–and…
…because of those tax policies favoring “paper” deductions for noneconomic depreciation, until they get the statutory rates down to zero (and the effective rates actually negative). So why do our…
…FY2014 budget to deny tax deductions for certain reinsurance premiums paid to foreign-based affiliates of domestic insurers. Naturally, the GOP-Big-Business-Friendly machine is up in arms about any bill that would…
…Congress has piled dozens of new credits, deductions, and exclusions onto already complex tax law, has turned the IRS into the health care enforcer, and has required the IRS to…
…for re-election unfunded pension contributions. … There must be consequences to greed and irresponsibility. That letter reflects the right-wing austerity mantra and the “let them eat cake” attitude of the…
…term budget includes $100 billion in infrastructure spending offset by what is effectively $1 trillion in new tax revenues resulting from the elimination of a batch of tax deductions, and…
…TS. This program is financed by an individual income tax starting from the first dollar with no exceptions, exemptions, deductions or caps at a rate of 10%. The overseers of…
…a remarkable nine-to-one ratio, voters want revenue generated by closing corporate loopholes or limiting tax deductions for the wealthy to be used for public investment and deficit reduction (82%), not…
…the amount of deductions American companies can take for interest paid on loans “from” their foreign subsidiaries, thereby preventing what is often called “profit stripping.” Another idea, from Senator Bernie…