What if We were to Abolish the Super Rich?
…because the rich will always be able to avoid paying any new taxes levied upon them. Secondly: If we could raise taxes on the rich, we shouldn’t — because the…
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Which provisions of the Tax Cuts and Jobs Act Should Expire in 2025?
…TCJA imposed a $10,000 cap on the deductibility of state and local taxes (SALT). If this provision of the TCJA expires, all state and local property taxes and income taxes…
A Budget Bill That Will Harm Social Security’s Finances
…one could avoid much of the income taxes. A question is, “what happens with those taxes collected from Social Security Recipients?” The short answer is the taxes are plowed right…
Book Review: “Land is A Big Deal”
…(education), raise taxes elsewhere (encouraging more retail, thus sales taxes), and frozen owners in place (since they cannot take their low tax with them to a new property). There’s no…
Romney’s Wall St. J. Interview with Gigot–Protecting the Rich
…America–“On Taxes, ‘Modeling’, and the Vision Thing”, Wall St. J. Dec. 23-24, 2011, at A13. In it, Romney reveals the way patrician wealth has affected his values, casting President Obama…
Inequality: Obama’s Speech, Detroit’s Bankruptcy, Taxes
by Linda Beale Inequality: Obama’s Speech, Detroit’s Bankruptcy, Taxes Was Obama’s speech on inequality really what Michael Lind claims in “The Day the Right Lost the Economic Argument” Salon.com (July…
David Brooks Bemoans the Low Standards of Living in Australia, Canada, Germany, Holland, Sweden, Norway, Denmark and Finland
…the source. Because this is a zero-sum game. He first claims that these high tax rates for the top bracket, when coupled with other taxes–state and local taxes, sales taxes,…
Why has no one (but me) mentioned Romney’s erroneous claim that the federal budget can’t be balanced if we raise taxes? C’mon, folks; the Clinton administration ended only 12 years ago.*
…out sincethen. Especially since this particular lie isn’t one in which he claim that there’s a study that says otherwise, or something; it doesn’t allow him to change his representation…
Matthew Yglesias: Do Low Taxes Cause Inflation?
It’s nice to see Matthew Yglesias embracing Modern Monetary Theory, but I wonder if he totally gets it: The point of collecting taxes isn’t that the government needs money (it…
Federal Government Tax Receipts (Defining by sources)
…late 30’s when receipts from corporate taxes and personal taxes were about equal. It was even a 3-way near-tie with FICA for a couple of years. After that, corporate taxes…