Pages

Friday, March 23, 2012

Taxes

News                                                                                                                             
USA Today | Many find it hard to plan ahead as tax uncertainty looms
During tax season, it's not unusual for individuals and business owners to talk with accountants, enrolled agents and financial planners about long-term strategies to lower their taxes.

Econ Comments & Analysis                                                                                            
Washington Times | Avoiding taxmageddon
Americans have less than a month to sort through the complicated tax code to file on time. The annual scramble to find receipts for deductions and forms for credits is a monumental waste of time and money. This pain will soon deepen
CRS | The Challenge of Individual Income Tax Reform: An Economic Analysis of Tax Base Broadening
Congressional interest in a major reform of the individual income tax that would broaden the base and use the additional tax revenues to lower rates and/or reduce the deficit has increased.
CATO | Buffett Seeks Dividend Tax Hikes--Whose Money Is It?
Ever since Warren Buffett observed that his tax rate is unfairly low, President Obama keeps finding ways to get mileage out of his friend's lament. One of the president's recent proposals is to dramatically increase the tax rate on corporate dividends for upper-income shareholders.

Blogs                                                                                                                             
Tax Foundation | Misadventures in Progressive Taxation: UK Edition
The U.K. is now reversing course after raising taxes on high-income earners failed to bring in the projected revenue
The American | The 83% Solution: Why liberals think tax rates should double—and why they are wrong
President Obama has never proposed a long term debt-reduction plan. And the reason why is no mystery. If he did, the jig would be up.
Political Calculations | The Failure of Pigou's Taxes
Called a "Pigovian Tax", a classic example of this kind of tax in action would be the special excise taxes that many states impose upon tobacco products, where the excess social costs might be the increased spending for health care to deal with smoking-related ailments.