Category: Tax Reform

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 …

Corporate Taxes

We are once again hearing rumbles about the need to change the corporate tax.  Both Democrat and Republican politicians seem to recognize the need to revise the the tax code for corporations. The Democrats normally suggest eliminating the ‘loopholes’ for corporations, propose tighter regulations that would discourage moving off shore, or propose lowering the rate Read More …

Tax Reform Proposal

It’s not necessary to read a bill that is over 900 pages to know that it is not good! On the surface it seems simple … take all your earnings (pay, interest, capital gains), subtract an amount (11,000) for personal deductions.  If that total is under $400,000 pay 10% in taxes, if over pay 25%.  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 …

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 …

Government Tax ‘Incompetence’

The ‘hearing’ on Apple tax practices simply highlights the ‘incompetence’ of our government. Tax revenue is down, primarily because the economy is in the dumps, and the people who created the tax code, with all its exceptions and loopholes, are trying to embarrass Apple into admitting that they are ‘avoiding’ taxes by using the provisions Read More …

A Tax Idea That Just Might Work!

I came across a YouTube presentation by a guy named Nedland P. Williams that really sounds like a great idea.  After listening to the presentation I wanted to know just who the heck this guy is and what is his background. Here is what I found: Ned graduated from Williams College [1968] and got his Read More …