It’s Fix The Tax Code Friday! This week’s question:
Earlier in the week, following the elections, Nancy Pelosi indicated that she would make it a priority to scale back tax cuts for higher income taxpayers and distribute those to middle class taxpayers. If you were making the cuts, would you opt for cuts across the board; cuts at the highest income levels; cuts for the middle class; cuts for the poor or no cuts at all?
Colorado senator Ken Salazar, who bested Coors beer Pete Coors for his Senate seat in 2004, has been mocked for his ignorance of the US Tax Code. Salazar, a fifth-generation Colorado rancher, touted himself as a man of the people, claiming that he understood the struggles of the working class and would create jobs and…
It’s Tax Reform Week on Forbes. Today’s guest post is written by Russell Fox.
Guest post by Ted Koch: I have a simple solution to our current economic problem which in addition to providing stimulus money which we all know has worked in the past to create spending and thus jobs, also reduces taxes. The beauty of the idea is that it does not require any government money in…
Yesterday, the Lowe’s sale paper arrived at our house. The pictures of healthy plants on the front page convinced me to rush out and buy gardening stuff (granted, it doesn’t usually take much convincing). But instead of heading for the big box of Lowe’s, we went to Greensgrow Nursery, which I joke is my urban…
Some members of Congress have proposed a “war tax” to fight the increasing costs of the wars in Iraq and Afghanistan. Opponents are crying “no more taxes” while others scramble to reconcile a budget spiraling out of control. So today’s question is: Should Congress impose a war surtax in order to pay for the war?…
Scott Lovingood writes: Two specifics that should be addressed immediately. Stop double taxation 1) Eliminate the estate tax. You pay taxes on everything you make and then you get taxed again when you die? Tell me that makes any sense. 2) Stop taxing Dividends on personal accounts- Companies have already paid taxes on the profit…