Tax Policy Blog reports that the Maryland legislature is considering whether to pass a law that would raise tax rates on wealthy individuals. And what is considered wealthy in Maryland? $100,000.00 of annual income: Maryland’s tax special session began today; expect more analysis on it from us tomorrow. However, we just received detail on S.B. [...]
Tags: State Taxes · Tax Policy
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
The Weekly Standard via Instapundit: Tim Geithner says that because Americans are privileged to be Americans the rich should pay hire taxes: That’s the kind of balance you need. Why is that the case? Because if you don’t try to generate more revenues through tax reform, if you don’t ask, you know, the most fortunate Americans to [...]
Tags: Philosophy · Politics of Taxes
Chris Christie’s in-your -face-I-don’t-take-no-crap-from-anyone schtick is getting old. If I hear him tell some John or Jane Doe to shut up and mind their own business again, I think I’ll lose a gasket. But Warren Buffett’s woe-is-me-I-am-so-undertaxed schtick has gotten even older. So, I was pleasantly pleased when I heard the rotund Governor smack down the octogenerian Ukelele player [...]
Heritage: Nearly Half of All Americans Don’t Pay Income Taxes Heritage Foundation: Chart of the Week — Nearly Half of All Americans Don’t Pay Income Taxes: (Hat Tip: Paul Caron) Bookmark & Share:
Tags: News · Politics of Taxes
Paul Caron reports that the United States tax system is more progressive than France, Germany, Belgium and the UK. No doubt my friends on the left, tax bloggers Linda Beale and James Maule, and those of their ilk, will find a way to recast the study and the charts below as evidence of a right wing [...]
Tags: Politics of Taxes · Tax Policy
