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 […]
by Linda Beale Still haven’t filed your FBAR? Don’t wait till you get hit with forfeiture like this Alaska Plastic Surgeon It looks like the leads from the various voluntary disclosures are beginning to pay off, as the U.S. is beginning to develop high stakes cases related to Americans who have tried to maintain secret […]
Simon Johnson at Baseline Scenario writes in Making the United States More Like Greece: One of the big problems in Greece over the past decade or so is that the government was not honest with its data. Various people assisted in the matter – including Goldman Sachs with respect to some debt issues – but […]
This article in the New York Times (Even critics of the Safety Net) presents a gentle desription of some voter feelings about the political and economic ‘issues’ of this economy and election. I have a lot of different feelings about the description of people interviewed. The current media surrounding the election campaigning does not allow […]
Romney’s Tax Proposal The Tax Policy Center provides its review of which taxpayers will pay more and which ones will pay less under the tax proposal introduced by Mitt Romney. A really short summary goes as follows: (a) The well to do will pay less in taxes; (b) The working poor will pay more in […]
by Linda Beale Corporatism and taxes Corporatism is the term used to describe a economic and governmental approach that favors large entities over people, including adopting rules and regulations to suit the regulated entities, tilting legislation to protect corporate entities that might otherwise be considered to be causing harm to the public good, and allowing […]
An organization that is called: American Institute of Certified Tax Coaches has put up a summary graphic of the various tax proposals ofthe GOP candidates. It not only notes the major points of their plans, but what their plans would cost. It is presented in a sort of game board race layout. The Institute introduces […]
by Linda Beale Ian Ayres on the Brandeis Tax I’ve often argued here that vast inequality is harmful to democracy, and that the kind of unequal society that we have today, reflected the Gilded Age of yore, is especially worrisome. Much of what is happening in this country that threatens freedom and economic suffering […]