Internet Tax Lawyers

Tax law professor and blogger Linda Beale chimes in on the Inequality Tax: I’ve often argued here that vast inequality is harmful to democracy, and that the kind of unequal society that we have today, reflected the Gilded Age of yore, is especially worrisome.  Much of what is happening in this country that threatens freedom [...]

If you had any doubt about the socialist objectives of the progressive left, read Professor James Maule‘s approval of a new-fangled mechanism of class-warfare called The Inequality Tax and they will be assuaged: Ian Ayres and Aaron Edlin have come up with an interesting tax idea. In Don’t Tax the Rich. Tax Inequality Itself, they propose that [...]

The Republicans are no longer the party of tax cuts. I never thought I would hear myself say that, but it’s true. At least for the short term. Yesterday, House Republicans abandoned their principles and agreed to a whopping two month extension of the payroll tax cuts that were signed into law two years ago. Of [...]

I have said many times before that the goal of the pro-tax left is not to raise the dinghies of the poor, but rather to sink the Yachts of the rich. Kay Bell sums it up in her post Taxes as a tool of economic equality (emphasis added): Americans are quite proud of, among other things, [...]

There was a time when if you called a left-winger a socialist he’d sock (slap?) you in the face. But now, in these days of abject class warfare, he wears the label on his sleeve for daws to peck at. From the New York Times, by way of Paul Caron, it seems a blatant money grab is afoot: [...]

Once again the left gets hoisted with its own petard in the tax debate. Alan Reynolds of the Cato Institute wrote an op-ed for the Wall Street Journal today in which he noted: A recent report from the Congressional Budget Office says, “The share of income acquired by the top 1% grew from about 8% [...]

Here is an interesting chart from the Tax Foundation that shows the average effective tax rate by zip code. The bluest areas have the highest tax rates and the light brown areas the lowest: Before you rely on this chart, check out Mary O’Keefe’s post Am I Colorblind? How Can This Tax Map be Correct?  Bookmark & [...]

The tax-the-rich rantings of multi-billionaire Nick Hanauer are proof that you don’t have to be a genius in America to get rich. Here’s Hanauer writing for BloombergBusinessweek (emphasis added): I’m a very rich person. As an entrepreneur and venture capitalist, I’ve started or helped get off the ground dozens of companies in industries including manufacturing, retail, medical services, [...]

The pressures of having to write a daily column can cause perverse results and nobody demonstrates this phenomenon better than the New York Times’ Paul Krugman. William Anderson of Krugman-in-Wonderland has the latest manifestation of Krugman Cloven Foot-in-Mouth disease: In his latest column, Krugman demands higher taxes on “the rich” (of which category multi-millionaire Krugman resides), Krugman calls for a financial transactions tax, [...]

Mark Cuban is a billionaire and a very smart guy, but his opinion that reducing corporate taxes does not create jobs is off the mark: Companies hire because they need people to compete and keep customers happy, not because of lower tax rates … . Bottom line is that while CEOs of public companies and financial engineers [...]

WebCPA reports that a group of millionaires visited the halls of Congress in an effort to convince lawmakers to raise tax rates on incomes of $1 million a year or more: The group, known as the “Patriotic Millionaires,” made the visit as the November 23 deadline approaches for a congressional “supercommittee” to come up with a [...]

Read Joe Kristan’s Hire a Vet, Fire Someone Else for yet another reason to distrust government. In it he tells of a new law, the VOW to Hire Heroes Act, which gives a tax credit to employers who hire veterans. A very nice gesture, don’t you think? Not so fast Kowalski. The geniuses on Capitol Hill failed to include [...]

Paul Caron reports: Sen. Tom Coburn (R-Okla) has released Subsidies of the Rich and Famous: Federal Programs and Tax Breaks That Help Millionaires: From tax write-offs for gambling losses, vacation homes, and luxury yachts to subsidies for their ranches and estates, the government is subsidizing the lifestyles of the rich and famous. Multimillionaires are even [...]

From AdamSmith.Org Fat Taxes Won’t Prevent People From Getting Fat, Fatheads: Research released last week suggested that people in Wales, Northern Ireland and Scotland should follow an ‘English’ diet to reduce levels of obesity. Fair enough, but unfortunately they also recommended imposing this diet by taxing fatty foods. ‘Sin’ taxes do not merely fail in [...]

The United States Supreme Court has granted certiorari in Florida v. Department of Health and Human Services. The main issue before the court is,  [W]hether the Affordable Care Act‘s mandate that virtually every individual acquire health insurance exceeds Congress‘s enumerated powers and, if so, to what extent (if any) the mandate can be severed from the [...]

It doesn’t take a fission engineer to deduce that more people would be willing to risk jail time to save 60% of their income than would be willing to risk jail time to save 25% of their income. Tim Lister of CNN.Opinion writes in Tax Evasion is a National Pastime in Southern Europe (emphasis added): “Wherever the [...]

Don’t tell the propagandists of the pro-tax, pro-union, pro-big government crowd this but the red states (you know, the ones with all of those toothless conservative rednecks in them), and their low tax, pro-business policies regularly out-perform the blue states and their high tax, pro-union policies. John Hinderaker of PowerLine has the story (emphasis added): Today, we have [...]

Courtesy of Paul Caron in Johnston: Your Tax Dollars At Work, Unconstitutionally: Reuters, A Gift, From NY to Abu Dhabi, by David Cay Johnston: How does being taxed to give money to the oil-rich kingdom of Abu Dhabi and its hereditary ruler strike you?  The cost, if you live in New York State, comes to about [...]

Joseph Henchman of Tax Policy Blog reports in Colorado Voters Reject Income and Sales Tax Increase: Colorado voters yesterday rejected Proposition 103, which would have raised $2.9 billion between 2012 and 2016 by raising the state income tax from 4.63% to 5% and the state sales tax from 2.9% to 3% for five years. 36.3% voted [...]

David Logan of Tax Policy Blog writes in The Income Tax Burden of the Top 1%:  A Geographical Perspective: In 2009, the top 1 percent of taxpayers—1,379,822 of them—paid more than the bottom 90% combined.  Geographically, this is equivalent to a city the size of San Antonio, TX paying more in income taxes than every person living [...]