Economy and Business
For the Corporate 1 Percenters, a 50 Percent Tax Discount
Over a quarter century ago, in 1984, the Washington, D.C.-based Citizens for Tax Justice released its first in-depth report on how much America’s top profitable corporations were actually paying in taxes. America’s top companies, this initial study found, were paying only 14.1 percent of their profits in taxes, less than a third of the corporate tax rate then in effect.
Foreign Influence: Inappropriate for Lawmakers Tasked with Shrinking the Deficit
As the dozen members of Congress in the supercommittee strive to agree on a plan to carve at least $1.2 trillion out of the federal budget, lobbyists representing foreign interests are trying to influence them. Since last summer, all 12 of the panel’s members have been contacted by at least one foreign lobbyist. All but two members — Sen. Jon Kyl (R-AZ) and Rep. Jeb Hensarling (R-TX) — have received campaign contributions from foreign lobbyists, according to Department of Justice records.
Equal Taxation for Wealth and Work
America’s No. 1 problem is sluggish job growth. No. 2 is the explosive growth in the income gap between the favored few and the broad middle class. Fairly taxing income from wealth could make progress on both fronts.
Ask the Columnist: A Primer on Wealth and Taxes
In response to my now famous “the-class-war-is-over-the-rich-guys-won” column, a gentleman from Kentucky writes a rather snarky letter posing several piercing questions that I will now answer.
Shouldn’t Americans Repair America’s Infrastructure?
Listening at last to his inner FDR, President Barack Obama is going straight at the Know-Nothing/Do-Nothing Republicans in Congress.
Not All Taxes Have to Hurt
Taxes are deeply emotional and make for hot political theater. Whenever the T-word is blurted out, our anxiety zooms. And, that’s the whole idea. Millionaires, who rightfully are the target for paying more, want us to think that any changes in the tax code will mean that we’ll all be paying more too.
Lobbying the Supercommittee
Gates Backs the Wall Street Tax at the G20 Summit
The world’s second-richest man and a group of American nurses on the frontlines of the Occupy Wall Street protests came to the G20 summit in Cannes, France this week to advocate for the same thing.
Paulson’s Plaintive Plea
Who’s the most befuddled Wall Streeter of all? The richest guy on the Street.
Half-Full Champagne Flute
