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California Property Taxes Can Vary Wildly in Silicon Valley

New York Times Original article ›

Keywords:


Fairness and equity issues in the U.S. tax system

04/12/2009

Grouped Articles

Richly Undeserved

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

Let’s Talk About X

New York Times 11/29/2012

Most Americans Face Lower Tax Burden Than in the 80s

New York Times 11/29/2012

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

America’s Sinking Middle Class

New York Times 09/18/2013

Richly Undeserved

New York Times 04/12/2009

Warren Buffett's Tax Dodge

Wall Street Journal 08/17/2011

Millionaires Go Missing

Wall Street Journal 08/17/2011

A Disciplined and Driven 'Connect-the-Dots' Investor

Wall Street Journal 09/14/2011

Income Slides to 1996 Levels

Wall Street Journal 09/14/2011

Google's U.S. federal tax liability of 18%. GE's low tax rate.

10/28/2010

The US tax rate for corporations at 35%, but the $1.5 billion federal tax liability of Google comes to an effective 18% tax rate. GE's consolidated tax rate of 11.6% from 2005 to 2009. This is also true of other large American companies, raising questions of fairness at a time of budget cuts in education, Medicaid and Medicare. Many U.S. companies, such as Apple, also use offshore tax havens to protect profits from taxes.

Grouped Articles

Apple Avoided Taxes on Overseas Billions, Senate Panel Finds

Wall Street Journal 05/21/2013

Apple’s Web of Tax Shelters Saved It Billions, Panel Finds

New York Times 05/20/2013

Apple CEO Tim Cook, Lawmakers Square Off Over Taxes

Wall Street Journal 05/22/2013

Europe Tackles Tax Evasion

Wall Street Journal 05/22/2013

Ireland Defends Tax Laws to Critics at Home and Abroad

New York Times 05/21/2013

The Corrosive Effect of Apple’s Tax Avoidance

New York Times 05/23/2013


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