The hypocrisy of most deficit discussions
…a bit of background on tax cut rationales and deficits. Back in the old days of the Bush regime, the tax cutters tended to claim that tax cuts would create…
…a bit of background on tax cut rationales and deficits. Back in the old days of the Bush regime, the tax cutters tended to claim that tax cuts would create…
…for all income levels and are demanding an overhaul in 2013 of entitlement programs and the tax code” while “Obama wants $1.6 trillion in higher taxes for top earners over…
…the income tax that IRS collected on income from benefits and kicks back to SS. This means a tax increase of about 2.5% (15.7 – 13.2) would be needed to…
Labeling for Increased Profits, Farmer and Economist, Michael Smith It is a well-known marketing ploy to label, relabel, and even mislabel a product again and again to increase sales. We…
…issue. Historically, during and following tax hikes tax collections /GDP rise. During and following tax cuts, tax collections fall. (How a fact so basic that even a child could observe…
…taxed at 36% [in Gates’ bracket]. Suppose Gates has equal amounts of income in a year from capital gains and from regular income. If he donates all his regular income…
…do with the rich paying more. That’s because a lot of tax credits and deductions help the middle class and the poor. If we end the Earned INcome Tax Credit,…
…middle-income Americans from the alternative minimum tax. Who gets the tax cuts deferrals? Again, it’s pretty much par for the course that Congressional Republicans have been playing on for the…
…favor the wealthy–lowering corporate tax rates to half their current level, eliminating corporate tax entirely for manufacturers, eliminating corporate tax on overseas profits that are used to buy manufacturing equipment…
…income taxes or estate taxes, and many other very wealthy people would pay income taxes at a single-digit rate, the elimination of these taxes would apply as well to the…