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Marco Rubio’s trickle-down nonsense: Tax cuts for the rich make sense because his father was a bartender!

His tax plan will make the rich richer and worsen inequality, but his dad was working-class so it's okay

Marco Rubio: Eliminating the capital gains tax will help bartenders like my father

It’s widely assumed that most of the GOP presidential candidates will eventually roll out tax plans that cut taxes across the board, including at the very top. Yet the GOP candidates have also signaled that they see a greater need than in previous cycles to have an agenda to address inequality. How Republicans reconcile these […]

Fox Host Exploits Dow Drop To Push For Dramatic Tax Cuts And GOP Policies

From the August 24 edition of Fox News' America's Newsroom: Related: Stocks Off Sharply As Market Upheaval Grows Previously: Fox's Doocy Literally Applauds Rand Paul's Flat Tax Proposal Fox Misleadingly Suggests Obama's Tax Plan Will...Show More Summary

10 Ways Trump Is Right About Taxes

Donald Trump has broken away in the polls, and despite some Forrest Gump underpinnings, his no-detail tax plan could be taking shape.

Plans, Problems, and Production

Congress is in recess. The Daily Deduction will publish Mondays until Congress returns in mid-September. In Detroit, Marco Rubio shared a little ditty about “David” and “Danielle.”  The GOP presidential candidate touted his tax plan’s effect on a hypothetical auto service shop owner and a single mother who works at the shop’s front desk. Show More Summary

Vintage Trump's tax plan

Chris Matthews takes a look back to a Donald Trump appearance on Hardball in 1999, where he endorsed a tax on the super rich.

Weekly SSRN Tax Roundup

Ifeanyichukwu Azuka Aniyie, Reforms in the Nigerian Tax System: An Examination of the National Tax Policy Rafael Bellaver & Demetrius Macei, Tax Planning and Treaty Shopping in Brazil, 76 Tax Notes Int'l 627 (Nov. 17, 2014) Gerry Beyer (Texas Tech), 2015 Texas Estate Planning Legislative Update Kay Blaufus et al.,...

Can Rubio's biography trump Rubio's agenda?

Voters are supposed to see the candidate with the "outrageously" tilted tax plan as a middle-class champion - because what his parents did for a living.

Be Careful With Divorce Tax Planning, Part II

About a month ago, in Be Careful With Divorce Tax Planning, I noted the lessons learned from two Tax Court cases in which the taxpayers ended up with federal income tax consequences worse than those that they would have experienced with careful tax planning when arranging their divorces. Show More Summary

Tax plans and presidential candidates: The future [may or may not be] now.

Congress is in recess. The Daily Deduction will publish Mondays until Congress returns in mid-September. Wisconsin Governor Scott Walker cut taxes in his state, so as President… Well, he hasn’t released specific federal tax proposals. Show More Summary

Someone once tried Ben Carson’s Biblical tax plan

On July 8, 1838, Joseph Smith, the founder of Mormonism, told his followers that he had received a revelation from God, on the subject of tithing. The Lord, Smith told his congregation, had commanded his people to pay one-tenth of their income, annually and forever, to the church bishop.  "All those who gather unto the land of Zion, shall […]

Does Donald Trump Have ADHD?

Ah, what the hell. The second half of Sean Hannity's interview with Donald Trump is up, and it's....hard to describe. But the ADHD is on full display. Here is Hannity asking him about his tax plan. After being taken aback that TrumpShow More Summary

Paul Says Inequality Occurs Because Some Work Harder

Asked if his flat tax plan would further separate the haves from the have-nots, Sen. Rand Paul (R-KY) said that income inequality is the result of some Americans working harder than others, rather than economic policies, the Huffington Post reports. [...]

Simple Is as Simple Does

Congress is in recess. The Daily Deduction will publish Mondays until Congress returns in mid-September. About those simple tax plans proffered in last week’s GOP debate… Bloomberg considers the plans shared by Mike Huckabee and Ben Carson, and finds devils in some details. Show More Summary

Rand Paul: Income Inequality Comes From 'Some People Working Harder' Than Others

2 weeks agoNews : Huffington Post

Asked if his flat tax plan would further separate the haves from the have-nots, GOP presidential hopeful Sen. Rand Paul (Ky.) said Sunday that income inequality is the result of some Americans working harder than others, rather thanShow More Summary

Venture Capital Tax Death For Start-Up Founders -- Part 3

Much like Dante Alighieri in his Divine Comedy, start-up founders confronted with tax death due to the structuring of venture capital funding might initially face an Inferno but -- with proper tax planning -- end up in Paradise.

Want to Know What Donald Trump’s Tax Plan is? It Might Put Him Over the Top

The Donald has some ideas that are worth considering. He's taking some heat right now because of his comments on Megyn Kelly so nobody has to address his ideas.

Tithes and Offerings

As long as we are talking about flaky but popular-among-conservatives tax plans, Ben Carson's allegedly Bible-based "tithe" tax, which he got to tout in last night's debate, is among the...

Weekly Tax Roundup

Kay Bell (Don't Mess With Taxes), Cool Tax Moves to Make During August's Hot Dog Days Bloomberg, Debate Fact-Check: Republicans’ Tax Plans Not So Simple After All Bloomberg, Microsoft’s Offshore Profit Pile Surges Past $100 Billion Mark Frank Clemente (Huffington Post), 5 Tax Myths You'll Hear During Republican Presidential Debate...

Our Current Tax v. The Flat Tax v. The Fair Tax: What’s The Difference?

Last night, at the GOP debate, the talk on specific tax plans was thin. However, the debate was peppered with a number of references to the progressive, flat and Fair Taxes. Not sure what those mean? Here's a quick primer.

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