Retirement Vehicle or Giveaway to the Rich?
The uproar over the future Social Security benefit cutbacks in the new White House budget proposal has overshadowed a little-known retirement tax break that, unlike Social Security, really does need...
Taxes
At Tax Time, Our Emperors Have No Clothes
Today's conventional wisdom in Congress on taxing the rich — that tax rates on income at our economic summit have gone as high as they can sensibly go — has...
Government Exists to Serve the People, not the Privileged
Many Americans feel like our political system does not fairly represent the views of the majority of the people. Politicians seem to be perpetually out of touch with realities on...
The Problem Isn’t Growth; the Problem Is Inequality
On February 12, 2013 US President Barack Obama will give his fifth state of the union address to Congress. Early reports are that he will focus on economic growth. The...
The Tax Legacy of George W. Bush: It Lives!
The Bush years gave America's rich new and unprecedented preferential treatment at tax time. The fiscal cliff deal enacted in the early moments of 2013 leaves that preferential treatment in...
Who Won in the Fiscal Cliff Deal?
Who won in the fiscal cliff deal? The lawyers won. Well, not just the lawyers. The lawyers, the doctors, the dentists, the middle managers, the advertising executives, the whole MBA...
On Corporate Taxes, Britain Follows U.S. Lead
American companies have no monopoly on avoiding taxes. British companies are also paying less in tax while reporting record profits. And American firms operating in Britain happen to be some...
Strange but True: Taxmageddon Will Help Level the Playing Field for Small Businesses
Corporations, small businesses, and ordinary Americans all face tax increases at the beginning of 2013. Time is running out to avoid this so-called "Taxmageddon" scenario. Some say it already has...
Want to help small businesses? Bring on Taxmageddon
At the beginning of 2013, the US government faces a series of automatic tax increases and spending cuts. Long before the election, way back on February 29, Federal Reserve Chairman...