Category Archives: taxes

At 10, #Opportunity Shows Us Where Our Priorities Ought to Be

The next time someone talks about cutting NASA’s budget either because we can’t afford it or we need to spend the money elsewhere, please show them this. NASA’s Opportunity at 10: New Findings from Old Rover (http://www.nasa.gov/jpl/mer/mer-news-20140123/#.UuU7wRAo5D-) It’s an incredible … Continue reading

Posted in corporate taxes, corporate welfare, politics, tax reform, taxes, trickle down economics | Tagged , , , , , , | 1 Comment

Taxing Truths, Especially for Conservatives

And taxes stayed pretty much just that way for the next 15 years, until the early 1960s. Importantly, this was one of the most successful eras in US economic history. The middle class boomed, the economy boomed, and the stock … Continue reading

Posted in Ayn Rand, Republicans, tax reform, taxes, tea party, trickle down economics | Tagged , , , | 4 Comments

You Get What You Pay For: Lessons From the IRS Scandal

See on Scoop.it – DidYouCheckFirst As the Internal Revenue Service scandal has prompted angry reactions from Republicans, Democrats, Congress and the Obama administration, Henry Aaron looks ahead to propose specific reforms regarding the budget of the IRS and the laws … Continue reading

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Apple’s Web of Tax Shelters Saved It Billions, Panel Finds

See on Scoop.it – DidYouCheckFirst A Congressional inquiry’s findings were remarkable both for the tens of billions of dollars involved and for Apple’s audacity in saying some of its subsidiaries were stateless and beyond any tax authority’s reach. Greg Russak‘s … Continue reading

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We’re subsidizing the group that wants more GOP obstruction.

See on Scoop.it – DidYouCheckFirst For over a week, Republicans have refused to focus on anything but so-called scandal. And, it turns out, that’s exactly the way they want it. Greg Russak‘s insight: “It’s also important to note that Heritage … Continue reading

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The IRS and the Real Scandal

See on Scoop.it – DidYouCheckFirst “This systematic abuse cannot be fixed with just one resignation, or two,” said David Camp, the Republican chairman of the House tax-writing committee, at an oversight hearing Friday morning dealing… Greg Russak‘s insight: David Camp … Continue reading

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The Economics and Patriotism of Infrastructure Jobs Programs

The Economics and Patriotism of Infrastructure Jobs Programs America’s crumbling infrastructure is both a safety hazard and a drag on our economy that is projected to only get worse. If we’re going to tackle the really big challenges of government … Continue reading

Posted in Ayn Rand, capitalism, corporate taxes, corporate welfare, economy, federal budget, Federal debt, free market, Gilded Age, GOP, greed, income taxes, job creators, jobs, John Galt, labor, middle class, Paul Ryan, poor, Republicans, richest 1%, Romney, Romney's income taxes, tax reform, taxes, The Invisible Hand, trickle down economics, U.S. Debt, Wal-Mart, Wall Street, wealth distribution in America | Tagged , , , , | 4 Comments

Fear, Uncertainty, and Doubt: Big Business’s Tax Code Strategy

Today’s New York Times article titled “Major Companies Push the Limits of a Tax Break” strikes me as a microcosm of the challenges with the federal tax code. It also reveals something else. It’s a marketing strategy called FUD – … Continue reading

Posted in Coffee Party, corporate taxes, corporate welfare, federal budget, Federal debt, GE, Gilded Age, JPMorgan, tax reform, taxes, Wells Fargo | Leave a comment

The Invisible Hand Wants More Hand Outs

The New York Times published an article on December 1 titled As Companies Seek Tax Deals, Governments Pay High Price. It ought to disturb everyone who isn’t in the 1%. To begin with, it should have been “Citizens” instead of “Government” … Continue reading

Posted in corporate taxes, corporate welfare, income taxes, jobs, New York Times, taxes, The Invisible Hand | Leave a comment

Romney’s Impossible Tax Promise (via FactCheck.org)

“Tax experts – including one who supports Romney’s plan – say the Republican presidential candidate’s promise to cut individual income tax rates without either favoring the wealthy or losing revenue isn’t mathematically possible.” http://factcheck.org/2012/08/romneys-impossible-tax-promise/

Posted in federal budget, Romney, Tax Policy Center, taxes | Leave a comment