tax

Japan cut theirs effective April 1st and there you have it. http://finance.yahoo.com/news/u-corporate-tax-rate-poised-171800370.html

A bad move, in my humble opinion, but expected, nonetheless. Read more: http://www.foxnews.com/politics/2012/02/15/house-senate-deal-reached-on-payroll-tax-cut/#ixzz1mWBSg0Kl

http://www.reuters.com/article/2012/02/15/us-usa-economy-geithner-idUSTRE81D11F20120215

http://finance.yahoo.com/news/buffett-blames-congress-romneys-15-155000898.html Last paragraph from above news article. "He makes his money the same way I make my money," Buffett said. "He makes money by moving around big bucks, not by straining his back or going to work and cleaning toilets...

The Rick Santorum tax plan is ridiculous. I think the guy just put together something that he thinks will help him win votes and nothing more. It is very convoluted (0% on manufacturing and nothing else, what's that about?) and would make our deficit situations even worse as it cuts A LOT of...

Just wanted to put that out there since it seems like a lot of people still don't seem to understand that. There are two simple explanations behind it: 1) Value is subjective. A dollar to a rich person is not worth the same as a dollar to a poor one. 2) The above can really be summed into...

After a big debate and plenty of politics, it looks like a payroll tax cut extension will be passed today. Everyone knew it had to happen in the end, but the politics pushed it back quite a bit. http://www.reuters.com/article/2011/12/23/us-usa-taxes-idUSTRE7B827K20111223

Milton Friedman was a proponent of the negative income tax- a set nominal refund that everyone would get regardless of income class. This was his replacement for welfare as it would not reduce the incentive to work for money at any wage level. In Friedman-fashion, what to use the money on would...

Payroll tax cut will reduce SS funding so that rich may not be able to collect social security when they retire. Raising taxes on rich will be stressful for rich also. Poor will stay poor anyway no matter what. So why kill ourselves to help them. Let them protest and live in tents in open...

The President signed into law a measure that gives tax credits to businesses for hiring jobless veterans. The move was driven by the expected increased in returning troops from the operations in Iraq. source...

Republicans to Buffett: Show Us Your Tax Returns Friday, 23 Sep 2011 11:50 AM By Dan Weil Some Republicans in Congress are frustrated with the insertion of legendary billionaire investor Warren Buffett into the debate about raising taxes on the wealthy. So they want him to release his own tax...

President Obama called for further stimulus in the form of construction loans as well as extended payroll tax cuts as unemployment figures continue to disappoint. He also proposed tax hikes for the rich to aid with debt woes. The statement comes at a weird time as Congress continues to struggle...

Last month, Amazon cut off its affiliates in Illinois after the state passed a bill that requires online retailers to pay sales tax on purchases made by Il state residents. The bill was passed as the state's fiscal irresponsibility is finally starting to catch up with them. Unfortunately, this...

The income tax considerations per person were originally enacted to provide some tax relief for lower income earners; we can?t get blood from stones. Unfortunately the consideration is a per capita amount of deduction from taxable income rather than a credit applied to the income tax itself...

Rudolf Elmer, a Swiss banker and former COO for Julius Baer Bank, is set to hand over banking information on over 2000 accounts of "high net worth individuals" who might have been involved in massive tax evasion schemes. As reported by the Guardian...

I ran across a very interesting point in the article Tax Extension in a recent National Review issue by Reihan Salam . Mr. Salam notes that President Obama has pledged to allow the tax cuts for the richest two percent of Americans because we cannot, “afford to borrow an additional...

Value Added Tax, (i.e. VAT) Unlike any other sales tax method, VAT does not any manner increase prices by additionally taxing the sales taxes levied within previous sales transactions. For this reason the government?s revenues due to exactly the same rate of taxation is less for VAT and...

[COLOR=#3e3e3e][FONT=Tahoma]A significant and clear benefit to our economy MIGHT possibly justify additional federal intervention within our free enterprise system. [COLOR=#3e3e3e][FONT=Tahoma]This tax reduction is granted to incomes and rather than to investments or savings. It does not...

Secretary Treasury Timothy Geithner called for letting the expiring Bush tax cuts die later this year. He believes that it will not hurt the "recovery" and it will only affect the wealthiest of Americans. The announcement was made after several Democrats are thinking about extending the cuts...

Hello, There's only 4 days left before Philadelphia Tax Amnesty ends! If you owe back taxes to the City of Philadelphia now would be a great time to settle up. Individuals and businesses are eligible. Not only will all penalties be waived but 50% of the interest will be forgiven also...