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SILOs –more action needed?

…“buy” the federal income tax depreciation deductions on municipal equipment. The municipalites couldn’t use the deductions, since municipalities are tax-exempt entities. The buying corporations were subject to US tax (usually,…

Declining Progressivity in US Taxes

…capital gains combined with a repeal in the estate tax would certainly reduce the current progressivity of federal taxes and favor large wealth holders. The Alternative Mininum Tax, which is…

Wealth Tax in California

…(CBO) and Joint Committee on Taxation (JCT) shows that the bill worsens inequality, gives the ultra-rich a historic tax break, and makes working people worse off. Adding insult to injury,…