The latest point of contention in the “will they or won’t they?” session of Congress is whether to extend tax cuts to the “rich.” There seems to be a lot of discussion about what constitutes rich. Some in Congress have indicated that taxpayers making more than $200,000 per year are rich with others suggesting $250,000…
I’m been following the conversations on Warren Buffett and his concerns about the tax system and have to say that I find it fascinating. When one of the wealthiest men in the world criticizing our tax system as “tilted towards the rich,” it’s time to take notice. The original video (from 2007) has been removed…
Not to be outdone by the Irish, the Russian tax authorities are making noise about a crackdown on taxes paid by the super-rich. However, as opposed to tax breaks, the Russian Federal Tax Service is concentrating on tax evasion as a source of wealth. There’s no question that there is a giant disparity in the…