The Republican Party has become the party of ideas again. You can see it in the new tax reform plan put out by Tea Party Sens. Mike Lee (Utah) and Marco Rubio (Fla.). Their plan would simplify the income tax system, setting just two rates: 15 percent and 35 percent. Show More Summary
Eduardo Porter has a good piece discussing the increasing problem of the evasion of corporate income taxes. At one point he notes that some people have called for eliminating the corporate income tax altogether and making up the lost...Show More Summary
We're still posting a new chart on the current state of income inequality every day over the next week. Yesterday's looked at how top tax rates dropped as top incomes rose. Today, a closer look at how income inequality splits along racial lines. Show More Summary
It's time for guest posts! Today, Josh Hoxie of the Director of the Project on Taxation and Opportunity at the Institute for Policy Studies (IPS) discusses the federal estate tax and its relationship to income tax.
Republican gubernatorial candidate Rob Astorino delivered his prescription for the New York State economy Wednesday: a cut in income taxes across the board.
Wolfgang Schön (Max Planck Institute for Tax Law and Public Finance) presents International Taxation of Risk at Toronto today as part of its James Hausman Tax Law and Policy Workshop Series: The allocation of risk and of the income from risky investment and activities belongs to the central topics of...
In July, the DC Council approved a major tax reform that cuts income and business taxes, expands the low-income tax credit, and applies sales tax to items exempt by historical accident, all based on the recommendations of a blue-ribbon commission. Show More Summary
The Prime Minister has delivered his final speech to the Conservative conference ahead of next May's election, pledging to lower tax rates for middle income earners, tackle immigration and protect the NHS. One of his key pledges wasShow More Summary
We're still posting a new chart on the current state of income inequality every day over the next week. Yesterday's looked at how the top 1 percent of Americans have captured half of all income. Today, let's talk taxes. In the past few...Show More Summary
Last week, Chile’s President Michelle Bachelet signed legislation that would reform much of Chile’s tax system in order to raise tax revenue for the country. This law would raise the top corporate income tax rate from 20 percent to 27...Show More Summary
The European Union’s allegation that tax deals granted to Apple in Ireland amount to illegal state aid gives a new window into how big companies use border-skipping structures that sidestep most corporate income tax, particularly in Europe.
Jordan Barry (San Diego) presents The Foreign Tax Credit and the Limits of Substance at Loyola-L.A. today as part of its Tax Policy Colloquium Series: The foreign income tax credit is a major component of U.S. economic policy and a key provision of the U.S. tax code. Accordingly, when the...
Republican governor candidate Bruce Rauner today criticized Gov. Pat Quinn over his idea to push lawmakers to make permanent the 2011 income tax increase when they return to Springfield following the November election, warning of lame duck legislators on their way out of office who’d vote...
Morgan Stanley, six years after getting bailed out by taxpayers, is now doing research on inequality. The former investment bank released a report last week that attributes growing inequality to many factors, including taxes: Though tax policies are still largely supportive of lower income groups, they have become less progressive over time. Wrong. Show More Summary
Republican state Sen. Jim Oberweis said Monday that Democratic Sen. Dick Durbin was "just totally wrong" when Durbin suggested that his political rival may not be paying state income taxes in Illinois.
The Senate this month unanimously passed a bill exempting welfare benefits under Native American tribal jurisdictions from being counted as “income” for the purposes of income tax. The bill passed by voice vote in the House. This bill was uncontroversial, largely because it is good policy. Show More Summary
Once the party of income tax and checks on property, an expert details how the GOP turned into a nuthouse
In an effort to make up for nonpayment of income, withholding and sales taxes, the state of Kansas has approved the online auction of sex toys and DVD’s by a businessman to bring his tax debt current. According to the Topeka-Capitol Journal, businessman Larry Minkoff, who did business under...
To the editor: As an alternative to hiking the minimum wage, Allen R. Sanderson proposes increasing the Earned Income Tax Credit, which is essentially redistributing the income of other wage earners and companies. ("Why mandating higher minimum wage isn't best way to address poverty," Op-Ed,...
Georgia authorities went to a great deal of trouble to nab a woman who filed a state income tax return for a whopping $94 million.