Scott Walker’s plan to shift taxes to poor, middle class in WI

Last week, Gov. Scott Walker said he is interested in the possibility of eliminating Wisconsin’s state income tax and raising the sales tax to make up for the lost revenue. As noted by the Wisconsin Budget Project, eliminating the state income tax and raising the sales tax would result in…

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President Obama and Speaker Boehner Are On the Wrong Side of Tax Discussions!

First of all the Democrats once again experienced a massive fail in branding the tax reductions implemented during President George W Bush’s administration. Since they were enacted with a hard sunset date, the Democrats should have loudly and consistently referred to them as the Bush Tax Holiday. Which is exactly…

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Offshore Tax Havens – Say Hello To The Tax Man

Death and taxes are the two main constants in life. While most of us worry when April 15th comes a knockin’, the corporate CEOs take the Bobby McFarrin approach – Don’t Worry, Be Happy. The reason for this laid back attitude when it comes to paying the tax man is…

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Romney Assails His Own Tax Plan as Garbage In!

Any number of times over the three Presidential debates, President Obama and Mr. Romney faced off over the potential effects of the Romney tax plan on the American economy and the Federal Deficit. The President has been quoting data saying that the Romney tax plan would increase the federal deficit…

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Corporate Profits vs Corporate Taxes

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Please Sir, May I Have Some More?

In a cleverly titled piece over at the Daily Beast, author Stephen King says Tax Me, for F@%&’s Sake!  This bit really tickled my fancy. The U.S. senators and representatives who refuse even to consider raising taxes on the rich—they squall like scalded babies (usually on Fox News) every time the…

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Optimal Inheritance Tax Rates: Conservative Heads Exploding Edition

When you hear conservatives talk about inheritance taxes, they invariably refer to them as “death” taxes.  And like any tax, they want to eliminate this one too.  Never mind that labeling it a “death” tax is, of course, absurd on its face.  It’s not a tax on death, it’s a tax on inheritance….

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Conservative Mythbusters: Taxing the Rich Is Bad!

Those poor job creators!  They’re so put upon… So many regulations… So much to worry about…  Oh dear.  How will they survive?  We must enable them to create jobs by cutting their taxes and eliminating public spending to clear the field and stop “crowding out” the work of our titans…

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Conservative Mythbusters: People Move Because of High Taxes

One of the popular myths that conservatives like to repeat is that the reason states lose jobs or have other economic turbulence is because business and “job creators” pick up and move to lower tax states.  You can’t raise taxes, they say, everyone will leave! Yeah… Not so much. Recent…

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5 Steps to a Fairer Tax System

Fair is not always simple, but we can go a long way to improving the tax code.  Economist Jaren Bernstein has five strategies to improve fairness in the current system. 1)      Progressive: those with more income pay a larger share of it in taxes; 2)      One that doesn’t exacerbate inequality…

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