“Facts are counter-revolutionary” – Eric Hoffer – Paul Campos of Salon is, predictably, calling Niall Ferguson a liar for accurately pointing out that the bottom 50% of Americans pay no federal income taxes: Of all the wrongheaded claims in Niall Ferguson’s much-mocked effusion of trite right-wing talking points, this is my favorite: Welcome to Obama’s [...]
Tags: Politics of Taxes
Would a private sector company ever do this? Richard Rubin of Bloomberg.com reports that the Internal Revenue Service’s approach to issuing tax identification numbers to non-U.S. residents let fraud go undetected, according to a report by the agency’s inspector general: The IRS emphasized getting applications processed while creating an environment that discouraged employees from stopping potentially [...]
Tags: IRS procedure
The Wall Street Journal in an article titled The Numbers Beside a Hot Button Issue states four truths about income tax rates and who is and who is not paying their fair share: The top 5%, top 1% and top 0.1% of Americans have been getting a bigger slice of all the income and paying a [...]
Tags: Politics of Taxes
Can we at least wait until we get the details on Romney’s plan before we start hyper-analyzing it? The New York Times is reacting with glee that the Tax Policy Center has concluded that Mitt Romney’s tax plan will give tax breaks to wealthy individuals and cause taxes to rise for non-wealthy individuals. One small glitch, [...]
Tags: Politics of Taxes · Tax Policy
