by Linda Beale Senators Levin and Isakson: millionaire surtax vs corporate repatriation subsidy The PBS News Hour last night interviewed Senators Levin and Isakson on the jobs bill (video and transcript available here). Isakson was first off.  He sounded like a right wing sound bite machine: we’re overregulating businesses so we need a “time out” […]

A new GAO report [PDF] has made some news by reporting that large fractions of both U.S.-controlled and foreign-controlled corporations report no liabilities under the federal corporate income tax. In 2005, 25% of “large” U.S.-controlled corporations and 67% of all U.S.-controlled corporations reported no tax liability; foreign-controlled corporations reported no tax liability at roughly similar […]

Glancing through the CBO survey that only checked one side of the ledger, and therefore made Greg Mankiw happy, I came across the data on Corporate Taxes paid, by Quintile of Income. Now, there has been a groundswell of declarations that people aren’t “leaving the job market”; instead, they are supposedly being “entrepreneurs,” starting their […]

‘d like to give my thoughts on corporate income taxes. A favorite idea on the right is that taxes on corporations should be eliminated. The reasoning is this: because the corporation pays taxes on income when it makes a profit, and the shareholders pay taxes on that income once it is distributed to them, essentially […]