The Senate hearings on Apple’s alleged manipulation of corporate tax laws have taken a rather unexpected turn. The usual political grandstanding even when it makes no logical sense has taken place, to wit John McCain’s comments: “Apple’s corporate tax strategy reflects a flawed corporate tax system that allows large multinational corporations to shift profits offshore […]
Archive for the ‘taxes’ Category
Dueling Thoughts On Marginal Tax Rates
The never ending debate about whether low marginal tax rates are good or evil rages on. Generally, I tend to get a bad case of glazed eyes whenever I delve into this morass, probably due to trying to discern the truth behind the statistical obfuscation employed by most who opine on the subject. A case […]
How To Really Soak The Rich
Writing on the myth that tax increases on the rich are capable of solely solving our deficit issues, David Schuler raises one of those uncomfortable questions: If the class warriors were really serious, we’d be hearing more about taxing wealth (did you know that France has a wealth tax?) rather than taxing income. Funny how […]
Ignoring The Elephant In The Room
Since Rep. Paul Ryan is going to deliver the Republican response to President Obama’s State of the Union speech, Derek Thompson put up a nice post contrasting the differences between the visions of the two men. It’s a nice balanced analysis which is worth your time. The last paragraph, however, is a poignant example of […]