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The Case for Raising Top Tax Rates
Keywords:
Tags: United States,
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
Appleâs 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
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
Selling the Bush tax cuts in the U.S. and opposition in the Democratic party in 2010
08/05/2010
Former President Clinton helps to sell the Bush tax cuts in 2010. This is an effort to salvage the agreement President Obama negotiated with the Republicans.
Grouped Articles
The Wisdom and Folly of the Bush Tax Cuts
BusinessWeek 08/05/2010
Bill Clinton takes the White House stage, again
Washington Post 12/11/2010
Washington Post 12/11/2010
A Tax Deal, and a President, Under Fire
New York Times 12/10/2010
If Bill Clinton Were President
New York Times 12/11/2010
Poll on tax deal hints Obama still hasn't sold public
Washington Post 12/15/2010
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
The U.S. debt, short term financing, interest rates and future tax increases- implications of current policy
01/16/2009
The implications of a loose monetary policy by the U.S. Federal Reserve and about 52% of debt being of short term maturities of less than 3 years at low interest rates- an average of 2.24% on U.S. Treasury debt of over $11 trillion in Jan. 2012. If interest rates were to rise in 2014-2017 as predicted by the CBO, interest rates of 5-6% could mean significantly higher interest payments on the debt- doubling or tripling current interest payments on debt of $225 billion- and calls for tax increases such as the value addded taxes in Europe.
Grouped Articles
Sovereign-debt managers: Rollover roulette
Economist 10/16/2010
CBO | The Budget and Economic Outlook: 2014 to 2024
Unknown 02/05/2014
Wall Street Journal 03/12/2012
The Case for Raising Top Tax Rates
New York Times 03/27/2012
Most Americans Face Lower Tax Burden Than in the 80s
New York Times 11/29/2012
Wall Street Journal 01/16/2009
The U.S. economy and difficult choices in 2012-2013 as seen in Congressional Budget Office (CBO) projections
01/16/2009
The U.S. faces difficult choices in 2012-2013- efforts to close the deficit by letting the Bush tax cuts and payroll tax cuts expire and making spending reductions will lead to low growth. Not doing this will lead to growth with much higher deficits and unsustainable debt levels.
Grouped Articles
Four Deficit Myths and a Frightening Fact
Wall Street Journal 01/19/2012
CBO | The Budget and Economic Outlook: 2014 to 2024
Unknown 02/05/2014
Budget Deficit Returns to Prerecession Levels
Wall Street Journal 10/16/2014
U.S. Racks Up Smallest Deficit Since 2007
Wall Street Journal 01/14/2015
U.S. Annual Budget Deficit Smallest in Nearly Seven Years
Wall Street Journal 06/11/2015
Deficit Is Again Set to Top $1 Trillion
Wall Street Journal 02/01/2012
U.S. States preference for budget cuts not tax increases in deficit reduction- 2011-2012
07/07/2011
A detailed look at how 46 states turned to budget cuts not tax increases as they looked for ways to reduce the budget deficits.
Grouped Articles
Higher Taxes Yield to Budget Cuts in States
Wall Street Journal 07/07/2011
Wall Street Journal 07/13/2011
Tom Keene Talks to Robert Skidelsky
BusinessWeek 07/28/2011
Families Feel Sharp Edge of State Budget Cuts
New York Times 09/06/2011
States face bleak economic forecast, report says - The Washington Post
Washington Post 11/29/2011
Washington Post 12/22/2011
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
Rising state payroll taxes in the U.S. as borrowing from the federal government increases
11/20/2010
Rising state payroll taxes in the US in 2010 acts as a disincentive for hiring. The rising state payroll taxes go to paying back $41 billion in loans from the federal government needed to fund unemployment insurance.
Grouped Articles
States Raise Payroll Taxes to Repay Loans
Wall Street Journal 11/20/2010
Job Tax Plan Lands With a Thud
Wall Street Journal 02/09/2011
Obama Plans to Rescue States With Debt Burdens
New York Times 02/08/2011
Relief for States and Businesses
New York Times 02/09/2011
In Florida, the Unemployed May Face Deep Cuts in Benefits
New York Times 03/31/2011
In Missouri, Extension of Unemployment Pay Is Blocked
New York Times 03/31/2011
Deficit discussions in the U.S. and revenue from taxes- 2011-2012
07/04/2011
Negotiations between the White House, Democrats and Republicans, to achieve major reductions and cuts in spending, and increase tax revenues by reducing tax expenditures. The discussions for an action plan on the U.S. budget deficit have reached an impasse with Republicans opposed to any tax increases.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Wall Street Journal 07/05/2011
New York Times 07/04/2011
New York Times 07/07/2011
The Payroll Tax in the U.S. and surtax on incomes over $1 million as a political issue in 2012
12/01/2011
Grouped Articles
Democrats See Advantage in Payroll Tax Debate
New York Times 12/01/2011
Donât Tax the Rich. Tax Inequality Itself.
New York Times 12/18/2011
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
The U.S. political system, politics and the U.S. Deficit in 2010-2013
12/30/2010
Republican positions that do not require offsets for tax reduction, and Democratic positions that go along with the status quo. The politics behind the debt ceiling talks as President Obama seeks re-election and advantage going into the election, and the conservative Republicans oppose any tax increases.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Wall Street Journal 10/10/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
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