Category: Taxes
The analysis published under this category are as follows.
Saturday, December 18, 2010
The Legal Fiction of Corporate Income and the Coming U.S. Tax Reorganization in 2012 / Politics / Taxes
By: David_Knox_Barker
Markets and pundits are celebrating the great tax deal “compromise” between the Obama Administration and the Republicans. A tax deal pitched as a compromise between the two-party duopoly that has been selling the United States into debt slavery for decades is not likely in the best interest of the country, or your bank account. The deal strikes me as a bit like a two-year-old eating homemade ice cream for the first time, believing it is the greatest possible pleasure on earth, with no earthly idea of how it stacks up against a honeymoon.Read full article... Read full article...
Thursday, November 04, 2010
Taxing the Rich to Cure the Governments Debt Crisis? / Politics / Taxes
By: Robert_Murphy
This week's episode of 60 Minutes featured a 13-minute segment on "taxing the rich" in order to cure the government's debt problem. In addition to being an outrageously biased story, the coverage was filled with more economic fallacies than I can address in a single article.
Thursday, October 07, 2010
How 40% Tax Payer Families Can Keep Child Benefit Using Pensions / Personal_Finance / Taxes
By: Nadeem_Walayat
Firstly, virtually all of the mainstream press are WRONG in the assumption that the 40% tax band kicks in next tax year from £44,000 because they have failed to take into account tax changes announced in the June emergency budget that in effect reduces the higher rate tax band towards a rate of approx £42,500 (pending release of September RPI later this month).
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Monday, September 20, 2010
Average American Works 231 Days Just To Support Government / Politics / Taxes
By: Richard_Daughty
The drunker I get, the more it seems to me that you slave away at your stupid job every day of your stupid life, hating every moment of it, reviling all the idiotic people you deal with every hellish day, but you bravely and heroically put up with the aggravation, tedium and ennui because you desperately need the money.
Monday, September 13, 2010
Politicians Get Away with Systematic Theft by Fostering Fiscal Euphemisms / Politics / Taxes
By: Robert_Murphy
One of the ways politicians get away with systematic theft is by fostering euphemisms to describe their activities. Murray Rothbard pointed out some of the typical tricks. More recently, even the supposedly "right-of-center" economists Greg Mankiw and Martin Feldstein do their part to muddy the terminological waters, making it harder for the public to understand just how much they're getting ripped off.
Tuesday, September 07, 2010
Sustainable Tax Policy: Expensing Investments / Politics / Taxes
By: Axel_Merk
In what the Wall Street Journal hails as “one of his most dramatic gestures to business,” President Obama is proposing companies be allowed to write off 100% of their new investment in plant and equipment through 2011. Democrats are lukewarm to the idea as it doesn’t “stimulate demand”; Republicans are shooting down the idea, too. Few seem to realize is that allowing businesses to expense their investments may be the single most effective policy tool available to promote sustainable economic growth.
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Saturday, September 04, 2010
HMRC PAYE Tax Error To Cost Workers £1,400 Each, £400 Rebate for Others / Personal_Finance / Taxes
By: Nadeem_Walayat
A Treasury department audit of the Inland Revenue (HMRC) has revealed huge blunders in calculation of tax owed under the PAYE system which means 1.5 million workers have paid too little tax amounting to an average tax bill of £1,400 each or £2 billion in total. Against this HMRC was found to have over deducted tax from 4.3 million workers totaling £1.8 billion which averages out at a tax refund of £400 each.
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Wednesday, September 01, 2010
U.S. Taxes Set to Sky Rocket, Protect Your Wealth by Going Global / Politics / Taxes
By: Casey_Research
Chris Wood, Editor, Casey Research write: Here at Casey Research, we really don't enjoy being a buzz-kill. It's just that we think it's more important for investors to be well informed about the reality in which we find ourselves today than it is to be happy-go-lucky all the time.
Wednesday, August 25, 2010
Deficit Busting Tobin Tax Could Save America / Politics / Taxes
By: Money_Morning
Martin Hutchinson writes:
After the Nov. 2 midterm elections, the Obama administration and Congress are going to have to scramble to fill a trillion-dollar hole in the U.S budget, and tax increases may be the only option.
A tax increase won't be good news for an already wheezing economic recovery that seems to get weaker with each new report or indicator that's issued. But the type of tax that's chosen will go a long way in determining just how much damage the U.S. economy will have to endure.
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Saturday, August 21, 2010
Higher Taxes Are Coming, Head for Your Bunkers. / Politics / Taxes
By: Richard_Daughty
In the calming environment of the Big Mogambo Big Is Better Bunker (BMBIBB), I can finally relax by sitting, armed to the teeth, amongst my puny trove of gold, silver and oil, idly trying to say, “Big Mogambo Big Is Better Bunker” five times quickly until my seething, vaguely homicidal rage at the Federal Reserve and the socialist/fascist/ communists in the White House and Congress that have destroyed us all.Read full article... Read full article...
Friday, August 20, 2010
How Washington Should Handle the Bush Tax Cuts / Politics / Taxes
By: Money_Morning
Martin Hutchinson writes:
The big political issue for the remainder of this year will be the so-called "Bush tax cuts" engineered by U.S. President George W. Bush in 2001 and 2003.
Those tax cuts are scheduled to expire on Dec. 31, with taxes reverting to their 2001 levels.
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Friday, August 13, 2010
Beware Friday the 13th, It's Wealth-looting Day / Politics / Taxes
By: Ron_Holland
Welcome to Friday the 13th. You may not know why Friday the 13th is considered such an unlucky day, but it's worth learning about for anyone who's concerned about protecting his assets, especially from high taxes and confiscation.
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Wednesday, July 28, 2010
2011: The Year Of The Tax Increase / Personal_Finance / Taxes
By: Pravda
Michael Snyder writes: Unless the U.S. Congress acts, there is going to be a massive wave of tax increases in 2011. In fact, some are already calling 2011 the year of the tax increase. A whole host of tax cuts that Congress established between 2001 and 2003 are set to expire in January unless Congress chooses to renew them. But with Democrats firmly in control of both houses that appears to be extremely unlikely. Read full article... Read full article...
Wednesday, July 14, 2010
The $15 Million Death Tax Incentive / Politics / Taxes
By: DailyWealth
Dr. Steve Sjuggerud writes: "You don't know whether to commit suicide or just go on living and working," Eugene Sukup told the Wall Street Journal over the weekend.
Sukup is an 81-year-old maker of grain bins in Sheffield, Iowa. If he dies this year, his death tax will be zero. If he dies after December 31 this year, his death tax could be more than $15 million.
Thursday, July 01, 2010
How Bad is Alabama's Tax Structure? / Politics / Taxes
By: Christopher_Westley
Helping the poor is one of the most important things society does. But we do the poor no favors when we promote public policies that perpetuate poverty.
This especially applies to the tax system.
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Monday, June 21, 2010
More Jobs, Fewer and Lower Taxes - The KISS Principle / Politics / Taxes
By: Steve_Selengut
Over the past 30 years Federal Tax receipts (Corporate, Personal, Estate, Excise, Gift, Social Security, Medicare, Medicaid, et al) have averaged less than 20% of Gross Domestic Product (GDP). Read that again, and don't think for a minute that it's not a large number.
Saturday, June 19, 2010
U.S. Taxpayer Alert, We're About to Adopt Europe's Stealth Tax Model / Politics / Taxes
By: DailyWealth
We're headed for a massive tax increase.
Federal spending is soaring at the same time that individual income tax revenues have fallen to multi-year lows. From their peak in April 2008, personal income tax receipts have fallen by $232.1 billion, or 24.6%.
Tuesday, June 08, 2010
Ten Financial Freedom Benefits of Expatriation / Personal_Finance / Taxes
By: Casey_Research
Published by Casey Research : The following is an excerpt from the free 29-page American Expatriation Guide, written by a former U.S. citizen who wants to remain anonymous. Read what he has to say – from a “been there, done that” perspective – and maybe take your own first steps to move to greener pastures.
Everybody has their own personal reasons for expatriating, but here are some of the benefits:
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Monday, May 31, 2010
Capital Gains Tax Impact on Markets, Buy to Let Rush to Sell Properties / Personal_Finance / Taxes
By: Nadeem_Walayat
The FTSE is already suffering under the implications of the proposed Capital Gains Tax changes of expectations that the tax will rise from 18% to 40% which has resulted in gains being banked by private investors ahead of the tax hike on 22nd June. However the real hit from the tax hike will be felt not in the stock market but the property market, which hits the large number of buy to let sector investors who rely up on capital gains as an important element in generating total returns.
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Tuesday, May 11, 2010
New UK Government Tax Cut, Annual Tax Free Allowance to Rise to £10,000 / Politics / Taxes
By: Nadeem_Walayat
The New Conservative / Lib-Dem coalition UK government is expected to cut UK taxes for most tax payers by £705 per year as part of coalition deal. The Lib-Dem Tax cut policy to be phased in over x years will take the form of the annual tax free allowance rising from £6,470 to £10,000 which is aimed at lifting the low paid totally out of income tax, however it will at the same time benefit all tax payers.
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