Washington may not like straight talk, but I do. — Mitt Romney, yesterday Sooo, Governor, about those massive tax cuts for the wealthy …. You know, including the elimination of all incomes taxes on capital gains and stock dividends, which your running mate’s budget proposal includes? How, exactly, do you plan to balance the budget […]
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 high earners who told him Maybe Romney won’t release his returns because he didn’t pay any taxes. He made a flat statement of fact. He […]
From TaxProf blog: Kleinbard: Tax Fairness and Fairness in Tax Data Reporting Following up on yesterday’s post, WSJ: Taxing the Rich — The Facts: Huffington Post: Tax Fairness and Fairness in Tax Data Reporting, by Edward D. Kleinbard(USC): The impetus for this little paper was an op-ed by Ari Fleischer in the Wall Street Journal […]
by Kenneth Thomas What is Mitt Romney Hiding? Mitt Romney has so far released only one year of tax returns (2010), plus an estimate for 2011. This stands in stark contrast to his father, Michigan Governor George Romney, who released 12 years of tax returns when he began running for President in 1967. As his […]
The Armed Services full committee meeting in light of the end of the latest round of talks with Iran and harsher sanctions (oil embargo) scheduled to take effect, points us to the need to figure out how to pay for another conflict that is not quick and victorious. The Washington Post quotes Senator Leahy: At […]
by Noni Mausa Wealthy Non-Taxpayers — From 60 to Thousands in 30 Years Bruce Bartlett provides the numbers, but it’s so much easier to see in a chart. Wealthy Non-Taxpayers 1977 to 2009, showing incomes over $200,000 per year. Blue is percentage of total households over $200,000 paying no taxes, purple is numbers of high-income […]
by Linda Beale Summers says taxes must increase For once, I find myself agreeing with Larry Summers. At a conference in Washington sponsored by the Brookings Institute, he emphasized that tax cuts and spending cuts cannot appropriately resolve the US budgetary issues. “It is a near certainty that we are going to need a significant […]
by Mike Kimel Taxes and Economic Growth: Real World & Simulations Over the past few years, I’ve posted many times on an unpleasant reality: despite the fact that so many people believe otherwise, in general, lower taxes do not result in faster economic growth. It is really too bad, because we could all be better […]
by Tom aka Rusty Rustbelt Real Estate Insanity So my son and me are thinking about buying a intercoastal waterfront homes in Ohio and fixing it up this summer. He would live in half and we would rent the other side. Given the number of foreclosures this should be an easy deal, right? Wrong. The […]
Tim had written as a guest poster for Angry Bear as ‘reader T-bone’ a few years ago and is returning to writing, currently at Polymic. This post was published about a month ago. Guest post by Tim Martinez Why Tax Cuts for the 1% Are Self-Defeating Annual U.S. income share of the top 1%. A […]