Taxes
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Friday, May 11th, 2012It’s a shame that we need a book this thick to help a person study to become a registered income tax preparer (even our cat, Tigger, thinks so):
Refund Anticipation Loans
Monday, January 30th, 2012Every day on the way home, we pass the Liberty Tax Statue of Liberty waving at us. I never have quite figured out why the Statue of Liberty wants me to do my taxes, but I get the idea that they want me to come in and find out. The last time we passed them, [...]
Interesting Breakdown of Warren Buffett’s Secretary’s Tax and Salary
Thursday, January 26th, 2012Saw this on Forbes: Warren Buffett’s Secretary Likely Makes Between $200,000 And $500,000/Year Not sure how accurate the author’s numbers are. I’m fairly certain that those who are using tax rates for effect, are probably including payroll taxes. If that’s the case, his numbers are off. One thing I find amusing about Buffett and his [...]
More on the Romney Income Tax Debate
Tuesday, January 24th, 2012I read a couple of follow-up stories/opinion pieces on Mitt Romney’s tax bill. The first one, Romney and the Burden of Double Taxation, echoes the point I made last week about dividends being taxed at the corporate level before they paid to investors. The tax rate on investors is unfair, but for the opposite reason. [...]
Why Romney’s Tax Rate is Higher Than the Reported 15%
Wednesday, January 18th, 2012I’m sure news of Mitt Romney’s 15% income tax rate will draw the ire of his opponents. From a WSJ article on the matter (linked to above): Government figures show that Mr. Romney’s tax bill is roughly in line with the rate paid by many higher-income households—most of whom receive investment income and dividends that [...]
Interesting (Older) Piece from the Economist Magazine on Taxation and Class Warfare
Wednesday, January 4th, 2012I read this article last night and thought I would share this paragraph: In general, this newspaper’s instincts lie with small government and against ever higher taxation to pay for an unsustainable welfare state. We reject the notion, implicit in much of today’s debate, that higher tax rates on the wealthy are justified because of [...]
Alan Reynolds on Income, Taxes, and Inequality
Monday, December 12th, 2011I saw this piece by Alan Reynolds in last Tuesday’s WSJ in response to a recent CBO Study (PDF here but I could not get it to load properly so be warned). The CBO released the report on household income in October, 2011 but the data only goes from 1979 – 2007. Why? It’s 2011. [...]
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