Discover a new way to find and share stories you'll loveā€¦ Learn about Reading Desk

Blog Profile / ATaxingMatter


URL :http://ataxingmatter.blogs.com/tax/
Filed Under:Business & Finance / Taxes
Posts on Regator:498
Posts / Week:2.7
Archived Since:March 8, 2011

Blog Post Archive

Time to end redistribution upwards: minimum wage increases would boost economy and lift all boats.

No matter how much the business lobby complains about the "business costs" of increasing the minimum wage, legislators should look past that self-serving ideology and look at reality. Workers have contributed to increased productivity but received a stagnant to declining...

Does Lowering Corporate Tax Rates Create Jobs? Answer is a resounding "no"

For years (decades, actually), the American pro-wealthy right has argued that lowering corporate tax rates will create jobs. That is the presumed purpose behind the push by Dave Camp to enact a tax reform package with lower corporate rates, and...

FATCA Agreement with France

On November 14, the US Treasury Department announced that it had signed an agreement with France relating to the implementation of the 2010 Foreign Account Tax Compliance Act (FATCA) law. That makes the 10th such agreement signed between the US...

IRS will issue summonses for offshore bank account info

The IRS got court orders permitting it to see information about taxpayers with undisclosed offshore bank accounts from US banks. In re the Tax Liabilities of John Does (SDNY No. 1:13-mc-00377 Nov. 12, 2013). According to BNA Daily Tax RealTime...

Religious freedom, taxes, and corporatism--Part II

In Part I, I outlined some of the many ways in which the U.S. provides favorable treatment to religious institutions and/or their representatives, including income exclusions from the federal income tax for ministers that are unavailable to any other occupation....

Religious rights, taxes, and corporatism--whose rights are they? Part I

The United States has a tradition of separation of church and state that goes back to the founding discussions that concluded that it would be inappropriate to establish a state religion because individuals should be at liberty to believe or...

Deficit Disorder Symptoms--via Naked Capitalism/New Economic Perspectives

Yves Smith over at Naked Capitalism has an insightful re-post today on the way the right in particular--and most in the media and public--talk about deficits and misunderstand the relative importance of failures to invest in physical and capital infrastructure...

Carried Interest -- a tax privilege for the rich whose end time has come

I should have written about this long ago, but a recent "dealbook" by my former colleague Steven Davidoff, A Chance to End a Billion-Doillar Tax Break for Private Equity, New York Times (Oct. 23, 2013) reminded me of the import...

Time to Eliminate the Debt Ceiling

As the post-shutdown resumption of talking in Congress gets underway and the days start counting down to the next debt ceiling deadline (perhaps brought along sooner by the delay in the tax filing startup, as discussed in the last post),...

Tax Filing Season Delay

The IRS announced that the 16-day federal shutdown will cause a delay in the start of tax filing season by a week to two weeks. The exact date when returns will first be accepted, to be announced in December, was...

Senate passes debt increase/shutdown ending bill

The Senate tonight passed a bill 81-18 to end the shutdown and increase the debt ceiling--both short term measures. See New York Times story (Oct. 16, 2013).Related articles Here's The Bill That's Going To End The Government Shutdown And Raise...

More Thinking on Ethics : How about Ethics and Economics

A few days ago, I broached a question about "The Countermajoritarian Difficulty and Congressional Ethics". We seem to talk a good deal about congressional or political corruption, usually referring to elected officials taking bribes, commiting some kind of fraud such...

Twitter Insiders--building substantial estates and escaping substantial estate/gift tax

The Wall Street Journal had a "tax report" in its weekend edition illustrating some of the devices used by the elite with sophisticated tax advisers to ensure that theiy can avoid paying as much estate tax as possible. See Laura...

The Countermajoritarian Difficulty and Congressional Ethics--Ending the Shutdown

We have seen congressional ethics probes of Congressmen for exacting quid pro quo bribes from businessmen or for conflicts of interest or apparent failure to pay personal taxes. What about failing to perform their most fundamental duty--to protect the integrity...

The GOP Default Enthusiasts

The New York Times has a story today about those in the GOP who don't think the government of the USA defaulting on its debt for the first time in history is a big deal. Weisman, Many in G,O,P. Offer...

Economic Terrorism: the Tea Party/GOP's Hostage Taking Plan (Tom Tomorrow's "Giant Killer Robots")

As the New York Times reported on Saturday: Stohlberg, A Federal Budget Crisis Months in the Planning, New York Times (Oct. 5, 2013), the current fiscal and political crisis was planned as a manuver to get their way by the...

Boehner claims the House isn't voting because a "clean" CR wouldn't pass--PROVE IT

Most commentators think that a clean continuing resolution, based on the budget numbers agreed to last month by Boehner, would pass the House if only put to a vote. See, e.g., Loosinhouse, The Two Words All Democrats Must Start Usin...

Dear GOP: a Daily Kos staff reminder on the constitutional process for changing the law

The Tea Party/GOP coalition has often talked about the importance of the Constitution, but one can't help wondering if the recent extortionist behavior doesn't belie that, when the governnment shutdown it has caused as a means of extorting its way...

Will Boehner Prevent Extremists from Causing US Debt Default?

As the shutdown continues, Republican Speaker Boehner still refuses to bring a clean budget resolution to a vote. It is most likely that a clean resolution would pass, ending the charade of the extremist Tea Party faction in the House...

Hostage Takers Threaten to Do Even More Harm if Demands Not Met

The Tea Party/GOP has now revealed it has no concern for the well-being of US workers, the US economy, health care for Americans or whether this country retains its place as a trusted economy that can be expected to act...

Copyright © 2011 Regator, LLC