News
WSJ | With Tax Break, Corporate Rate Is Lowest in Decades
U.S. companies are booking higher profits than ever. But the number crunchers in Washington are puzzling over a phenomenon that has just come into view: Corporate tax receipts as a share of profits are at their lowest level in at least 40 years.
Econ Comments & Analysis
Bloomberg | The Problem That the Buffett Rule Won’t Fix: Michael Kinsley
As everybody knows by now, Warren Buffett -- class traitor -- pays a smaller share of his income in taxes than does his secretary, Debbie Bosanek. In his State of the Union address last month, President Barack Obama proposed the “Buffett Rule” to rectify this.
