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taxes
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Jan 25 / 8:07pm
Jan 17 / 4:44pm
No! Bush tax cuts helped the rich get richer - The Washington Post
The 1986 tax reform eliminated the gap between the ordinary and capital gains rates. The gap began to widen again during President Bill Clinton’s second term, but the Bush tax cuts of 2003 blew it wide open by slicing the top rate on dividends and long-term capital gains from 28 percent to 15 percent.
Jan 12 / 5:45am
Nov 14 / 6:54pm
Aug 15 / 9:33am
Warren Buffet: Stop Coddling the Super-Rich - NYTimes.com
Last year my federal tax bill ... was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.
via nytimes.com
Jul 26 / 4:11pm
The 400 Richest Americans Pay An 18% Tax Rate - Forbes
The 400 richest Americans used to pay 30% of their income on the average to Uncle Sam. Today, they pay 18% on the average...
The main reason for the drop in their tax rate of some 40% is the tax cuts by George Bush in 2003, taking the rate paid on dividends and capital gains down to 15%...
via blogs.forbes.com
Jul 13 / 5:58pm
U.S. pays (!) Murdoch billions in taxes.
Over the past four years Murdoch's U.S.-based News Corp. has made money on income taxes. Having earned $10.4 billion in profits, News Corp. would have been expected to pay $3.6 billion at the 35 percent corporate tax rate. Instead, it actually collected $4.8 billion in income tax refunds, all or nearly all from the U.S. government.
via reuters.com
Jul 13 / 4:47pm
D.C. continues to pioneer regressive taxation!
The full range of D.C. Lottery games will be available from the mobile unit, from Fast Play to Mega Millions.
Jun 4 / 6:40am
If we need taxes, why not pollution taxes?
In case that graph's too tiny, America's way over there on the far left, getting slightly less than 3 percent of its revenue from measures to discourage pollution.
