Expect more of this. The New York Times reports that many states, led by Minnesota, are considering imposing taxes on non-profit organizations as a way to help solve budget shortfalls: Faced with steep declines in tax revenue, an increasing number of states and localities are considering eliminating various tax exemptions for nonprofit groups. Calvin K. [...]
Tags: State Taxes · Tax Policy
IQ tests are about to be respectable again. In 1994 Richard Herrnstein and Charles Murray published a book on intelligence titled The Bell Curve. Because liberals nearly unaimously loathed the conclusions reached by the book’s authors, the book was called “a disservice to and abuse of science”, “a deliberate assault on efforts to improve the school performance of African-Americans”, and “a genteel way [...]
Tags: Politics
This may be satire, but it’s as good a tax idea as I’ve seen bandied about in D.C. lately: Bookmark & Share:
Two of my favorite tax bloggers have published posts today that should be read by everyone. They illustrate nicely the tenor of our times. In Taxes and Disgust Professor James Maule illustrates the absurd complexity of our federal and state tax laws. In Aviva Girls in Tax Trouble CPA Joe Kristan sounds a warning about the ubiquitous dangers of the Internet. [...]
Tags: Tax Blogging · Tax Crimes · Tax Policy
You can call it a healthcare bill if you like, but it would be just as fair to call it a tax increase bill. Thomas Barthold, Chief of Staff of the Congressional Joint Committee on Taxation¹, issued a report scoring the tax proposals of the President’s healthcare plan: I am providing you with a table of [...]
Tags: healthcare reform · Legislative Watch · Tax Policy
“I am running for President of the United States to enable the Goddess of Peace to encircle within her arms all the children of this country and all the children of the world.” – Dennis Kucinich – Remember Dennis Kucinich? He’s the strange little Democrat who ran for President in 2008 on ideas that would have spooked [...]
Tags: Legislative Watch · Politics · The Economy
Senators Ron Wyden (D-OR) and Judd Gregg (R-NH) on Morning Joe this morning talked up their Bipartisan Plan for Tax Fairness. Here are the highlights: Wyden said the plan is essentially a jobs program because it reduces corporate rates to a flat 24% while at the same time eliminating the corporate tax deferral on invested foreign profits. This, [...]
Tags: Legislative Watch · Tax Policy
