Making the Payroll Tax Cut Revenue-Neutral
President Obama and Republican leaders are currently debating whether or not to extend the 2011 Social Security tax reductions for one more year. The usual Social Security payroll tax is...
Taxation
The Alchemy of Our Awesomely Affluent
Today's super rich can't turn tin into gold. But they can get Uncle Sam to loan them free money. At the expense, of course, of America's bottom 99 percent. How...
After the Deficit Reduction Supercommittee, Back to School
Now that the Deficit Reduction Supercommittee has apparently failed to reach a consensus on how to cut the trillion-dollar federal budget deficit, the field is open for new ideas. Locking...
For Corporate Elite, a 50 Percent Tax Discount
By statute, corporations are supposed to face a 35 percent income tax on their profits. Over the last three years, a new report reveals, corporations are paying at half that...