Category: Taxes

Taxes Driving Corporations Away

If you listen to financial/business news you should have noticed an increase in the number of corporations moving their business to other countries. Generally avoiding corporate taxes is given as one, if not the primary, reason. Is there any better evidence that corporate taxes are too high? Our corporate taxes are the highest in the Read More …

Comparison of Tax Reform Proposals

Just for kicks let’s compare the 4 tax reform proposals: Fix the existing tax code (The apparent approach of the current House Study Group) The Flat Tax  (The 15% tax on all income, personal and corporate) The Fair Tax (25% Sales tax to eliminate income tax, both personal and corporate) The Common Sense Tax (25% Read More …

Tax Reform – Another Proposal

Fixing the Economy: The Common Sense Tax by Laurence Kotlikoff Laurence Jacob Kotlikoff is a William Warren FairField Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Research Associate of the National Bureau of Economic Research, a Fellow of the Econometric Society, Read More …

Tax Reform on CNN

I was impressed to see CNN recognize the need for tax reform, not to make the system ‘fairer’ or increase taxes on the ‘rich’, but to reduce the corrupting influence of money. Finally a major news network has recognized the corrupting influence of money from lobbying (special interests and corporations) and how that influence is Read More …

Paul Ryan’s Foolish Statement

I generally look to Paul Ryan as a leader, especially on budget issues, however, today he made what I consider to be a very foolish statement that forces me to reconsider my esteem for Mr. Ryan. On the Greta Van Sustern show they were talking about Obama’s proposal to reduce the corporate tax rate in Read More …

‘Key’ Problems – ‘Possible’ Solutions

What are the ‘key’ problems facing our nation? Poor economic growth Unemployment Growing National Debt Unsustainable ‘entitlement’ costs Continuing ‘concentration of wealth There are many other ‘issues’ that are of concern: Government ‘spying’ on individuals (IRS/NSA) Immigration Right to Life Gay rights Drugs Unfortunately, at least in my estimation, the ‘issues’ are masking the ‘key’ Read More …

Fair Tax – Revisited

Trying to organize my thoughts on tax reform, I continually return the the Fair Tax. Recently reminded that businesses are critical of high taxes, and also reminded that the Simpson/Bowles recommendation to adopt a ‘zero’ exemption tax code (which met with tremendous resistance) I find the obvious solution in the Fair Tax. The Fair Tax Read More …

Another Alternative?

One thing that is clear from reading White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You is the very real fear that liberals have about changing Social Security and Medicare.  They are concerned that if people are given ‘control’ over these ‘safety net’ programs that they will be unsuccessful Read More …

Priorities

It seems to me that our government, and particularly, our representatives simply can’t prioritize very well. Five years ago, when Obama demanded his first ‘stimulus’ he was pretty assertive in saying that the money would be spent on ‘infrastructure’, which made some sense.  If we were going to borrow and spend money, it should be Read More …

Would Direct Pay Safety Net be Sustainable?

Having determined that a $10,000 direct pay ‘safety net’ just might be feasible in today’s economy, we must ask if it would be sustainable? When Social Security was initiated it was apparent that it would be sustainable, as long as more money came in to the so-called ‘lock box’ than went out to retirees.  It Read More …