By now, you’ve probably seen somewhere that Dennis Hastert is floating the idea of abolishing the IRS and replacing income taxes with a consumption tax (or, alternatively, a VAT). Kevin…

…pay) and income taxes (which many of the working poor do not pay).(*) All people who work do in fact pay taxes, but some only pay payroll taxes (the taxes…

…tax rates could be imposed to offset the revenue loss from not taxing dividend income. The wealthy lose money (more income taxes) and gain money (no dividend taxes), netting out…

There Will Be No Postponing Social Security Taxes  Among the items that President Trump issued an “executive action” about three weeks ago was that for people earning less than around…

…that Bill Clinton, Obama, and Biden were elected promising to raise taxes on the rich and cut taxes on everyone else. I suppose I should address two important questions. FIrst…

…1976 it was 70%. Clinton promised to raise taxes on high incomes (and did) and promised to cut middle class taxes (and broke the promise). Obama promised to raise taxes…

AB: Corporate America wanting more . . . Opponents of higher corporate taxes argue it’s not really corporations, ultimately their wealthy executives and shareholders pay the price. They claim we’re…

…through payroll taxes. They also each contribute 1.45% for Medicare — and unlike Social Security, Medicare taxes apply to all earnings with no income cap. There’s also a 0.9% Medicare surcharge…

by Linda Beale McConnell Tossing the Gauntlet on Debt, Taxes and the GOP’s dream of dismantling Social Security and Medicare Pretty much as I predicted, Obama’s failure to go over…

Kevin Drum has an opinion on election tactics: Come on, folks. Reid didn’t say I’ll bet Romney didn’t pay any taxes. He didn’t say he talked to someone familiar with…