by Linda Beale Red state tax “reform” and “economic growth” As most tax practitioners and academics know, Professor Paul Caron maintains a “tax prof blog” that provides timely links to…

…tax code. The Tax Cuts and Jobs Act of 2017 allows AbbVie to pay an effective tax rate less than half the U.S. corporate tax rate of 21% and the…

…pay considerable sales and payroll taxes even though perhaps not income tax. We did, after all, DESIGN our tax system to try to protect lower income taxpayers from paying income…

…tax has been discussed is different: they say a tax of 23%, but they calculate that rate by taking the ratio of the tax to the price plus tax–so the…

…on Fair Tax Proposal ; FAIR Tax: Huckabee’s win in Iowa requires more discussion of his tax proposals. Caron on TaxProf notes today the Wall Street Journal’s editorial on the…

…is very regressive. It would compensate quite effectively for all our country’s regressive taxes, like payroll taxes, sales taxes, property taxes, and cut-rate taxes on financial investments. I don’t have…

…Pharma is also shifting their profits overseas and minimizing US taxes or tax avoidance. One way to avoid taxes is to move intellectual property to the country of choice or…

…shelters or otherwise mislead taxpayers about expected results. Tax strategy patents encumber the ability of taxpayers and their advisors to use the tax law freely, interfering with the voluntary tax…

by cactus Real GDP per Capita and Tax Cuts, Top Marginal Income Tax Rate Edition One often hears that cutting marginal income tax rates, particularly on high individuals, leads to…

…I don’t marginal tax rates. I mean the actual tax rates, the percentage of income we actually pay in taxes. (I.e., income tax collections / total personal income.) I’m going…