Wow, the Dow topped 17,000! That must mean these corporate profits are really trickling down to American workers, right? Call it the no-raises recovery: Five years of economic expansion have done almost nothing to boost paychecks for typical American workers while the rich have gotten...
taxes
Michael Hiltzik on one of the most insidious American corporate activities of the New Gilded Age--moving their official operations abroad to nations with lower corporate tax rates while keeping all.
I'm not an expert on tax policy, but if taxing hedge funds at 20% could be changed to 39% at Obama's orders, obviously this should be done yesterday.
Alex Pareene makes a lot of sense on progressives giving up on campaign donations as an issue and instead focuing on a much better idea that will also help solve the campaign issue. Expropriate the wealth of rich people: If the super-rich had less money,...
I have a long-running hate of the Times Room for Debate feature. Giving a bunch of people 100 words to make a case just feeds both sides do it syndrome..
I'm generally skeptical of tax credits to businesses and I'd like to see them all eliminated were the government and everyday citizens to be empowered to fill in the gaps.
I really don't think Lawrence Kotlikoff's idea to abolish all corporate income taxes is very good. In recent decades, American workers have suffered one body blow after another: the decline in manufacturing, foreign competition, outsourcing, the Great Recession and smart machines that replace people everywhere...
Apple. I don't think it'd be unreasonable to seize Apple's assets until it came to a reasonable agreement on its tax bill.
You might think the Cypriot banking system is little more than a corporate off-shore scam. And you'd be at least partly right. But the U.S. has some pretty special state.
A hearty Happy 100th Birthday to the graduated income tax, one of the greatest laws in American history. The 16th Amendment was ratified on February 3, 1913. I wrote about the history of the graduated income tax in detail here. Also, it's worth noting that...
Some dude won $75,000 by making a half-court shot at a basketball game. The story on ESPN: said dude has to pay, gasp, taxes on his earnings! The horror. The.
Also known as my latest Alternet piece. In part: At first, Americans did not protest much against the end of the income tax, but with skyrocketing income inequality of the.