Doug Powers of Michelle Malkin’s blog writes that actor Will Smith supports President Obama’s call for America’s top earners to pay more taxes but thinks France’s 75% top tax rate is too high: Here’s a brief transcript from an interview with Smith that ran on French television. Video via Real Clear Politics: Will Smith: I [...]
Tags: Politics of Taxes · Tax Policy
In The Million-Dollar Question: Has Congress Missed the Mark with I.R.C. § 162(m) Compensation Deduction Caps? Christopher Jones of Georgetown University examines whether the tax code’s cap on deductible executive pay works: Theories abound as to why the disparity between executive and worker pay has grown so dramatically and whether that growth is justified. But [...]
Tags: Politics of Taxes
Bruce Bartlett writing for the New York Times in Will Rich People Desert the U.S. if Their Taxes Are Raised? says: In recent years, the number of Americans renouncing their citizenship has increased. According to the international tax lawyer, Andrew Mitchel, the number of Americans renouncing their citizenship rose to 1,781 in 2011 from 231 [...]
Tags: News · Politics of Taxes · State Taxes · The Economy
Income equalitarians like President Obama really don’t want to hear that the incomes of the poor and middle class rise when those of the rich rise because it destroys their argument that the rich are benefiting at the expense of the lower classes. Cornell has conducted a study that says just that, once again giving [...]
Tags: Politics · Politics of Taxes
“A man is very apt to complain of the ingratitude of those who have risen far above him.” – Samuel Johnson – Holman Jenkins, Jr. of the Wall Street Journal in The Inequality Obsession echoes what I have been saying about the left’s obsession with income inequality: If it were learned that the car driven [...]
Tags: Politics of Taxes
The tax-the-rich left finally has the conclusive proof it has been seeking that it is absolutely, unequivocally the right thing to do for the United States to increase taxes on the rich: France is doing it. Charles Riley of CNNMoney says that “raising taxes on the rich isn’t just an election year issue in the United States — it’s [...]
Tags: Politics of Taxes · Tax Policy
From Paul Caron: The Hill, Hill Poll: Likely Voters Prefer Lower Individual, Business Tax Rates: Three-quarters of likely voters believe the nation’s top earners should pay lower, not higher, tax rates, according to a new poll for The Hill. The big majority opted for a lower tax bill when asked to choose specific rates; precisely 75% said the [...]
Tags: Campaign 2012 · News · Politics of Taxes
