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Tuesday, August 16, 2011

Taxes

News                                                                                                                             
CNN Money | Decoding Buffett's tax plan
Warren Buffett is once again begging Congress to tax him more.

Econ Comments                                                                                                             
RCM | It's Wise to Ignore Buffett's Tax Rants
Even if you doubled the taxes paid by every millionaire in America, you'd still make only a dent in the deficit. Millionaires and billionaires aren't that plentiful. And that assumes they'd actually pay the higher rates, something history shows won't happen.

Blogs                                                                                                                             
Cato@Liberty | Your Tax Dollars at Work
Today, under the rubric “Breakaway Wealth/Reaping Riches from Federal Spending,” the Washington Post gives us a front-page picture of where a lot of those generous and compassionate federal dollars actually go…
EconLog | Are Taxes on Corporations Taxes on People?
I remember that in addressing the issue in the 1980s, the late Herb Stein said that it's as if people think that if the government imposed a tax on cows, the tax would be paid by the cows.
Atlantic: McArdle | Thinking About Taxes
The arguments for the carried interest are fairly compelling: without it, the partners who contributed ideas and talent end up being taxed much more heavily on their earnings than partners who contributed financial assets.
EconLog | Stop Coddling Warren Buffett
The statistic I would like to see is the amount of tax paid relative to consumption. By that measure, it is possible that Buffett's tax rate was more than 100 percent.