This morning, I received this email from a friend: Time to consider your pocketbook: C A PIT A L G A INS T A X MCC A IN: 0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax. OB A M A: 28%…
According to the Government Accountability Office, in any given year, at least 60% of US corporations surveyed paid no federal income tax liability for 1998 to 2005 (the years studied). That statistic includes corporations of varied sizes. If the trends in the survey are accurate, nearly one quarter of large US corporations don’t pay any…
Earlier today, I blogged the story of my former law professor’s expulsion from the GOP in Delaware. I followed up via email with Professor Ting, who graciously agreed to answer a series of questions about the fiasco – and his quick views on the candidates and tax reform – despite the fact that he’s currently…
Wow. This is just of those stories that you see and you almost just breeze right by it – cause it can’t be true. But apparently, it is. Professor Jan Ting – one of my own former tax professors at Temple University – has been “expelled” by the Delaware Republican Party from his position in…
John McCain and Barack Obama both promise to be fiscally responsible and not raise taxes on the middle class if elected president. It’s a tall order no matter who wins… the current White House has released information about the country’s economic status and it’s not good news. Last week, the White House estimated that the…
A few weeks ago, at BlogHer in San Francisco , I sat in during a political debate between reps from the McCain and Obama camps. It was perhaps one of the best sessions at BlogHer – they tackled some of the issues that were on our collective minds. I had lots of thoughts about the…
Bill Keller is at it again. The man who claimed “A vote for Romney is a vote for Satan” has now declared that Obama is “God’s Enemy” (as shown on his web site). You can watch his “analysis” of Obama here: It’s long – over 8 minutes – so be prepared. So why should you…
Obama and McCain continue to battle it out about the issue that most Americans seems to care about right now: the economy. To hear each talk, it just can’t get much worse (can it?). McCain spins Obama’s tax proposal as “the biggest tax increase since World War II.” Obama compares McCain’s plan to that of…
After months of speculation, the field is finally set. The US presidential race is down to Republican candidate John McCain and Democratic candidate Barrack Obama. Both will spend the next five months talking about the issues important to the American people. Tops on their list? The economy. The tax plans for McCain and Obama could…
The Internal Revenue Service has concluded that Senator Barack Obama’s church, the United Church of Christ, did not violate nonprofit tax laws when Senator Obama addressed the denomination’s 50th anniversary General Synod in June 2007. You may recall that the IRS was investigating the denomination claiming that it had “reasonable belief” that the circumstances surrounding…