…it away: Personal Income Taxes, Corporate Income Taxes and FICA (the payroll tax: you know that hyper-regressive flat tax – nominally for Social Security and Medicare – with a ceiling,…

…payroll tax, plus $21,617 in income tax (2011 brackets), for a total tax burden of $29,267. Let’s look at investor taxpayer. You would think they would be taxed at the…

…government won’t necessarily raise taxes to cover the revenue cost of a tax credit. In fact, the opinion claimed, “the purpose of many governmental … tax benefits is ‘to spur…

By Linda Beale crossposted with Ataxingmatter FATCA (foreign account tax compliance act FATCA (foreign account tax compliance act–or is it the anti-fatcat act?) The attention of US tax enforcement has…

…making them collect and submit biweekly sales tax. Sales tax is one of the major methods by which we raise revenue. Everyone knows about sales taxes. It’s the tax that…

…well, has continued to fail to keep up with the criminals who commit tax fraud. A recent report by the Inspector General for Tax Administration suggests a range of problems….

…law by Gov. Quinn on Jan. 13), tax increases–especially those that require people and companies of wealth and power to kick in a fairer share of the tax burden–may well…

by Linda Beale Friday Animations–Bush Tax Cuts crossposted with Ataxingmatter It might be worth reminding everbody about now that the Bush tax cuts were a poor idea even when they…

…most of the time, like “lowering tax rates” and “simplifying the tax code”, both of which are nonsensical when it comes to corporate multinationals who pay incredibly low effective tax…

…income. This only makes a terribly regressive tax somewhat less regressive, and it expands the tax slice from that still-regressive tax — a tax that discourages working for a living…