Bored with the Penn State scandal because it didn't implicate any prominent Republicans, the mainstream media have suddenly become obsessed with Grover Norquist's "Taxpayer Protection Pledge." They are monomaniacally fixated on luring Republicans into raising taxes.
There are three "keystone deductions" in the IRS code that matter more than all others to Americans who itemize deductions.
Many Wall Street occupiers are echoing the Communist Party USA's call to "Save the nation! Tax corporations! Tax the rich!" There are other Americans, on both the left and the right -- for example, President Barack Obama and House Speaker John Boehner -- who call for reductions in corporate taxes.
No matter what the tax rates have been, in postwar America tax revenues have remained at about 19.5% of GDP.
The reason we find that conclusion to be significant is because the Taxpayer Relief Act of 1997 left dividend tax rates unchanged - they continued to be taxed at the same rates as regular income in the United States, which provided a powerful incentive for investors to treat the two kinds of stocks very differently, favoring the low-to-no dividend paying stocks over those that paid out more significant dividends.
With tax reform at the forefront of GOP debate, economist Dan Mitchell explains the basics of how a 'flat tax' would function.
I suppose the fall of America could best be traced to a failure to grasp one simple idea; namely, that ideas have consequences. Of course, that also means that bad ideas have very bad consequences.
What do Google Chairman Eric Schmidt, business tycoon Warren Buffett, Dallas Mavericks billionaire owner Mark Cuban, and movie star Brad Pitt have in common? Each man is a high profile capitalist asserting that American capitalism propagates greed while government redistribution of wealth produces justice.
America--the home of the free and the brave--is changing. Could we still find those self-reliant, confident Americans like those who put their kids and possessions into a covered wagon and populated our country's manifest destiny?
As part of his plan to fund the American Jobs Act, President Obama is once again seeking to raise the tax rate and decrease the charitable deduction for the people who form the backbone of charitable giving in America.
If you work hard, play by the rules, save your money, create jobs, and make a success out of yourself, President Obama and the Democrat party will plunder everything you have worked so hard for, because in their view that is only fair.
Barack Obama wants the rich to pay more taxes. Since the days of Ronald Reagan, says the president, Republicans have been protecting the rich at every opportunity — shielding them from the obligation to pay their fair share.
Pressure is building on President Barack Obama to call for an extension of the so-called payroll tax holiday. Keeping it in place, say the people who favor the idea, brings some kind of needed economic stimulus... In reality it’s a dangerous idea, almost certainly doing more harm than good.
The most important feature of President Obama’s “jobs speech” to Congress last week is this: For the first time in his presidency Barack Obama actually sounded like he really and truly believes that economic incentives matter in the labor market.
Ninety years ago -- in 1921 -- federal income tax policies reached an absurdity that many people today seem to want to repeat. Those who believe in high taxes on "the rich" got their way.
America stands on the brink of economic annihilation. The situation has become that serious. Our president wants to spend an additional $447 billion on random nonsense guaranteed to create zero new jobs; he wants to tax American citizens to pay for it.
Eric Cantor plans to go on offense for job creation when the House convenes for business after Labor Day. In a memo to Republican members yesterday, Majority Leader Cantor outlined a strategy to reduce the tax burden on small business owners and repeal ten regulations that increase cost and stifle job creation.