World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Richly Undeserved
Keywords:
Tags:
Leonhardt says that there is little reason to think that the flatter rates are better always. With the need to finance Medicare and health care for all, the government can use the extra dollars from taxing the very wealthy, the very rich in different tax brackets. The top bracket in 2008 started at 357,000, and you paid 35% whether you made 400,000, or $4 million, or $40 million. So basically the upper middle class was lumped in with the extremely wealthy. And considering the cost of college tutions for 2 or 3 kids, the upper middle class is only middle class. It makes sense not to lump the two together. Considering that there has been a lot of wealth accumulated at the the very high end, it would also reduce inequality, generate tax revenues for health care, and not have much effect in the incentives for generating economic growth. It is something he says the Obama adminisstration may and should consider.
Flatter U.S. tax rates over $400,000 mean lost revenue and lacking fairness
04/12/2009
The same tax rate for incomes at over $400,000, or over $4 million or $40 million mean lost revenues and do not incorporate fairness, according to this report.
Grouped Articles
New York Times 04/12/2009
The New York Times 08/12/2016
Fairness and equity issues in the U.S. tax system
04/12/2009
Grouped Articles
New York Times 04/12/2009
California Property Taxes Can Vary Wildly in Silicon Valley
New York Times 02/23/2012
The Case for Raising Top Tax Rates
New York Times 03/27/2012
To Reduce Inequality, Tax Wealth, Not Income
New York Times 11/18/2012
New York Times 11/29/2012
Most Americans Face Lower Tax Burden Than in the 80s
New York Times 11/29/2012
Where the money for a deficit-neutral health care plan will come from, and the environment in which each group is trying to preserve its own interests in the face of a public interest.
09/06/2007
The options to tax employer provided health insurance as income, to reduce tax breaks for mortgage deductions and charitable contributions for highend taxpayers, and to reduce Medicare payments, all have one common problem. Each group would like to preserve as much of the status quo as possible, and give up as least as possible.
Grouped Articles
New York Times 04/13/2013
In Holland, Some See Model For U.S. Health-Care System
Wall Street Journal 09/06/2007
Obama's Health Plan -- a Preview
Wall Street Journal 03/04/2008
CEOs Say Stimulus Top Priority
Wall Street Journal 11/19/2008
Wall Street Journal 11/22/2008
When a Job Disappears, So Does the Health Care
New York Times 12/07/2008
The $250,000 income figure in U.S. president Obama's plans for taxes on the rich
04/12/2009
The cutoof below which Democrats propose permanently extending the Bush era tax cuts in fiscal cliff negotiations.
Grouped Articles
New York Times 04/12/2009
Obamaâs Tax Plan Would Spare Many Affluent Families
New York Times 12/06/2012
President Delivers a New Offer on the Fiscal Crisis to Boehner
New York Times 12/17/2012
Boehner Weighs 'Cliff' Backup Plan
Wall Street Journal 12/18/2012
On the Left, Seeing Obama Giving Away Too Much, Again
New York Times 01/01/2013
New York Times 01/03/2013
Increasing U.S. taxes on the middle class
04/12/2009
The Wall Street Journal points to the facts that Warren Buffett does not cover in his plea for higher taxes on billionaires like himself who paid only 17% in taxes in 2010. Buffett made most of his income in capital gains and dividends that are taxed at 15%. That income was already taxed at 35% as corporate income and the 15% on top of that brings the total tax to about 45%. Buffett could write the IRS a check or support taking away the deduction for charitable contributions which is how Buffett contributes to his foundations. For most of the middle class couples making $250,000 for a few years of their life- and much of it going to high university tution payments for kids- the higher taxes make a difference compared to the Buffetts of the world. This is part of the debate on taxes in the U.S. at the time of the fiscal cliff negotiations in Dec. 2012.
Grouped Articles
Americaâs Sinking Middle Class
New York Times 09/18/2013
New York Times 04/12/2009
Wall Street Journal 08/17/2011
Wall Street Journal 08/17/2011
A Disciplined and Driven 'Connect-the-Dots' Investor
Wall Street Journal 09/14/2011
Wall Street Journal 09/14/2011
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us