200 posts tagged with taxes.
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Treasury: Income Mobility Substantial. Pew: But Not Enough.

A new U.S. Treasury Report (press release) reports that tax returns from 1996 to 2005 show that income mobility in the U.S. is "considerable," with rising earnings, and top earners who often stumble. The WSJ crows. Pew releases its own research (reports, press release) on income inequality today with a multi-decade outlook, but summarizes the findings as that American families' income mobility is still highly dependent on their parents' position. Forbes and a The New Republic blog try to reconcile the reports. Meanwhile, blacks appear to be downwardly mobile.
posted by shivohum on Nov 13, 2007 - 45 comments

Infrastructure Report Card

The American Society of Civil Engineers (ASCE) published their latest Infrastructure Report Card in 2005. America's infrastructure got a D. The ASCE estimate that it will cost $1.6 trillion over a five-year period to bring the nation's infrastructure to good condition. They also have a Critical Infrastructure blog. [Via Gristmill.]
posted by homunculus on Aug 3, 2007 - 49 comments

Zombie Joseph Beuys Recommends: The Tax Code

For each occupation, an illustration. For some months, Dorothy of Cat and Girl has been riffing on the Schedule C Principal Business or Professional Activity Codes Table. The list is full of odd associations. Why, for instance is "Offices of Podiatrists" illustrated with a Starfleet officer? There's gotta be a story there.
posted by ourobouros on Aug 3, 2007 - 13 comments

public assets and infrastructure go private--and we pay

Roads To Riches (or We've Got a Bridge in Brooklyn to Sell You--Seriously) -- Why investors are clamoring to take over America's highways, bridges, and airports—and why the public should be nervous.--...a slew of Wall Street firms—Goldman, Morgan Stanley, the Carlyle Group, Citigroup, and many others—is piling into infrastructure ... Assets sold now could change hands many times over the next 50 years, with each new buyer feeling increasing pressure to make the deal work financially. It's hardly a stretch to imagine service suffering in such a scenario; already, the record in the U.S. has been spotty. ...
posted by amberglow on Apr 29, 2007 - 107 comments

Who's your (tax) daddy

Single largest taxpayer in... This comment highlighted that: The club is the largest single taxpayer in Hong Kong. It paid HK$12.4bn in 2005-06 - about 8.6% of all taxes collected by the government - on turnover of HK$98.9bn. In Virginia and lots of other places its a power company. In the Chinese province of Yiwu its a market specializing in counterfeit goods. Citigroup in South Dakota. Pemex in Mexico. A cell phone company in Afghanistan. A gold mining company in Indonesia... and Guatemala. MIT in Cambridge. And the US? Some say its the government itself. This 1999 posting inconclusively points the smoking gun at... ... and in your piece of the world?
posted by RandlePatrickMcMurphy on Mar 28, 2007 - 7 comments

The Economics of Fat

Cheap Donuts and Expensive Broccoli: the Effect of Relative Prices on Obesity. Using data from the National Health Interview Survey (NHIS) for the period 1982-1996, we find that individual BMI measures, as well as the likelihood of being overweight or obese, exhibit a statistically significant positive correlation with the prices of healthful relative to unhealthful foods.
posted by monju_bosatsu on Mar 27, 2007 - 61 comments

We already have a flat tax?

US TaxFilter: Your real tax rate: 40%.
"In a study for the National Bureau of Economic Research, Boston University economists Laurence J. Kotlikoff and David Rapson have found that our all-in marginal tax rate is 40%, give or take a bit. Yes, you read that right: 40%." The table at the end is telling.
posted by knave on Feb 26, 2007 - 88 comments

Renewable Energy Incentives

Want to increase your energy efficiency and use more renewable energy? Want to install solar panels on your roof, buy a hybrid car, put in new storm windows, or make any number of other green improvements to your home or business? Want to save money doing it? DSIRE is a comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency. Just click on your state and take it from there.
posted by alms on Feb 23, 2007 - 13 comments

Drug Tax Stamps

Many people want to legalize, regulate, and tax marijuana and other drugs, however, few know that many U.S. states are content simply to tax. In fact, even the federal government wants a share (middle of p. 89 of the PDF), and used tax stamps in early prohibition, but only the states have recently issued issued cool stamps (be sure to click "exhibit"). The point, of course, is not to actually tax the drugs, but to penalize the drug dealers for tax evasion as well as drug sales. They have brought in some money, though. A few interesting state government pages: Conecticut, Nebraska, North Carolina and their tax return form, and Kansas.
posted by TheOnlyCoolTim on Jan 15, 2007 - 30 comments

July 4 might be Independence Day in another way, too

Cost of Government Day - "n. the date of the calendar year, counting from January 1, on which the average American has earned enough in cumulative gross income to pay for his or her share of government spending (total federal, state, and local) plus the cost of regulation."
posted by Gyan on Dec 3, 2006 - 16 comments

We're coming to your town, we'll drag your budget down

On November 7th, Americans have much to decide. While the two major parties joust for control of the Senate and House, many a ballot initiative does not recieve the scutiny required. Consider Oregon's Rainy Day Amendment, Arizona's HOPE Amendment, California's Protect Our Homes Initiative or Idaho's Proposition 2. Examine the Taxpayer Bill of Rights in Maine and Proposal 6 in Michigan - weigh them against three bills in Montana. [more inside]
posted by EatTheWeak on Nov 5, 2006 - 20 comments

If you drive a car, I'll tax the...gas?

Thomas Friedman:
The First Law of Petropolitics, in short, argues that the price of oil and the pace of freedom operate in an inverse correlation. As the price of oil goes up in what I call petroauthoritarian states—like Iran, Sudan, Venezuela—the pace of freedom goes down. These regimes can afford to be less responsive to their people and outside pressure. And as the price of oil goes down, the pace of freedom goes up because these regimes have to open up to the world if they want to deliver for their people, and they have to empower their people more.
But how to lower oil prices and help freedom on its proverbial march? Many, from Alan Greenspan to Andrew Sullivan to Ray Magliozzi from Car Talk think the answer may be to . . . raise the gas tax? The Pigou Club is an ever-updated list of economists, politicians and others who have advocated Pigouvian (or is it Pigovian?) taxes to not only lower oil prices, but reduce greenhouse gases, fix the federal deficit and strengthen our national security. Though some remain more than a little hesitant to jump on the bandwagon and others remain skeptical that the movement is anything more than "just talk," this could be an idea whose time has come, especially since the gas tax isn't as regressive one would think.
posted by joshuaconner on Oct 25, 2006 - 57 comments

The cost of war

National Priorities Project for what its worth...
posted by hard rain on Sep 20, 2006 - 17 comments

Is the U.S. Bankrupt?

Is the U.S. Bankrupt? [332Kb PDF] Laurence Kotlikoff, writing in this month's Federal Reserve Bank of St. Louis Review, says "yes" - to the tune of $66 trillion! [more inside]
posted by ikkyu2 on Jul 16, 2006 - 67 comments

A defeat for "death tax" propagandists.

GOP Senators have lost their bid to kill the currently-defunct estate tax. This defeat of the permanent repeal effort is a major triumph for the 98% of Americans who've never been in danger of having to pay the tax.
posted by maud on Jun 8, 2006 - 164 comments

The death tax

From estate tax to 'death tax' Public Citizen released a report [PDF link] today that "reveals how 18 families worth a total of $185.5 billion have financed and coordinated a 10-year effort to repeal the [U.S.] estate tax, a move that would collectively net them a windfall of $71.6 billion." The rich get richer...
posted by tippiedog on Apr 25, 2006 - 73 comments

Crescent Fresh

These folks may do a prostitute’s taxes (nytimes), but who does a prostitute’s laundry? (more Sifl and Olly on YouTube)
posted by jrb223 on Apr 6, 2006 - 17 comments

A Fair Tax or not?

Is a Fair Tax possible? HR 25, known as the Fair Tax of 2005, would replace all corporate and individual income taxes with a 23% tax on finished goods and services, with provisions to compensate for necessities. Some think it would work as promised, but I wonder if corporations would play fairly and pass their savings along to consumers, or just enrich the bottom line?
posted by Enron Hubbard on Sep 3, 2005 - 84 comments

Internet Crime

Oregon man gets jailtime for website. There's a lot you can do on the internet, but "cheating" the state out of tax revenue is a crime. "Washington County Circuit Judge Michael McElligott found Eric Ivan Guthrie not guilty of racketeering and computer crime for selling cigarettes through the now-defunct Inexpensivesmokes.com Web site. However, McElligott found Guthrie guilty of doing business as a cigarette distributor without a license, two counts of unlawful distribution of cigarettes for not affixing the packs with Oregon revenue stamps and five counts of failing to comply with tobacco sale requirements for not verifying that buyers were at least 18 years old. Oregon Department of Revenue has the names and sales receipts for 7,500 people who bought cigarettes online without paying the state tax of $1.18 a pack. A small percentage have been sent bills, and officials are determining how many others will be asked to pay the state". This seems wrong.
posted by Mack Twain on Aug 21, 2005 - 37 comments

$11.5 Trillion Lost In Bermuda Triangle

$11.5 Trillion Lost In Bermuda Triangle In case you've ever wondered just how much money the mega rich keep nice and tax free in off shore shelters, it's $11.5 trillion.
posted by expriest on May 6, 2005 - 46 comments

Free money. Ask me how.

Need cash to make your own blockbuster? Edward Jay Epstein, author of The Big Picture, reveals how they do it: by taking a popular franchise and turning to immediate write-offs in tax shelters such as Germany, so that money starts coming in even before the movie enters production. No wonder we've been seeing so much crap as of late, with poor box office figures not hurting studios the way they really ought to.
posted by Goblindegook on Apr 25, 2005 - 29 comments

Do your damn taxes

Do Your Damn Taxes (flash video) is an amusing little movie about a dude and his 1040 form, getting ready for the big day. From the same guy that did merry christmas from james.
posted by mathowie on Apr 4, 2005 - 8 comments

Watching the spinners paid by US

Ever wonder who gets the spin money from the government to sell us everything from wars to reforms to reconnect the Army with the American people. A rundown on the seven biggest PR firms doing business with the government, and their refusal to come clean about what it is they're doing with our tax money. PRWatch has much, much more, including exposing the funding and associations pushing Social Security "reform"
posted by amberglow on Mar 10, 2005 - 83 comments

The Temple of Hayah

The Temple of Hayah: a religion that renders its followers immune to the any laws other than the Ten Commandments. Followers need not pay taxes. But TOH is mad at Wikipedia because Wikipedia hate-crimed TOH. So TOH suggests that you tip off the FBI.
posted by ba on Jan 21, 2005 - 22 comments

Outplay, outlast and what was that other one?

"Survivor" winner Richard Hatch didn't declare his million bucks to the IRS. He'll be arraigned Jan 24.
posted by CunningLinguist on Jan 18, 2005 - 53 comments

Death and Taxes

Death and Taxes: A Visual Look at Where Your (U.S.) Tax Dollars Go
posted by Space Coyote on Jan 3, 2005 - 37 comments

Walmart

"With 1.4 million employees worldwide, Wal-Mart's workforce is now larger than that of GM, Ford, GE, and IBM combined. At $258 billion in 2003, Wal-Mart's annual revenues are 2 percent of US GDP, and eight times the size of Microsoft's. In fact, when ranked by its revenues, Wal-Mart is the world's largest corporation." The real cost belongs to the taxpayer, as this report (PDF or HTML through Google), by the Democratic Staff of the House Committee on Education and the Workforce, makes clear. A "total annual welfare bill of $2.5 billion for Wal-Mart's 1.2 million US employees."
posted by OmieWise on Dec 20, 2004 - 186 comments

Is this a good idea?

It's the stupid, economy. I'm no economist, but I'm reminded of the underpants gnomes business strategy when I read this. Obviously there is a political component (to the story) but what the $!@(# are the nuts and bolts? Why is pressuring economic engine states (California, New York) a good thing? (registration to the L.A. Times ... sry) Pretty much the same story here.
posted by Smedleyman on Dec 5, 2004 - 15 comments

Boondoggles and Barrels O' Pork -

Federal Business Opportunities

Ever wanted to know where all your tax dollars really go? Mosey on over to FedBizOpps.gov and search the nice little database they've got there for all those federal business opportunities you just can't wait to bid on....How about making a wearable computer for the Navy? Want to perform for the USO? How about getting paid to surf the intarwebs to defeat the terrorists? The Special Operations Command has the job for you! Looking to unload 30 million tons of beef? You've got a buyer! Gather wild horses for the Dept of Ag! Haul carcasses in the search for mad cow disease! Oh, and by the way, the Iraqi Army needs some clarinets...
posted by piedrasyluz on Nov 24, 2004 - 5 comments

Let them eat cake!

Mr. Bush's first big political move. Banning gays? Killing babies to produce oil? No, tax reform! What? Nothing sinister in that, you say! Except he might totally do away with the current system and create a flat tax or national sales tax. Quick, everyone read up on flat taxes, and national sales tax! Blogger's favorite economist Atrios gives his two cents. With everything going on, it is almost nostalgic to see tax reform become an issue.
posted by geoff. on Nov 8, 2004 - 165 comments

Tax Man

Tax Man Bush says tax cuts stimulate the economy. Unfortunately, he's fallen more than 2.2 million jobs short of the projection made by his own economists.
posted by Postroad on Jul 28, 2004 - 6 comments

OMG! Not to be like Mr. Bush!

Paul Martin, Canada's current Prime Minister, running for re-election for the Liberal party, suggests that voting for him will prevent us from being like the US in his latest television AD campaign (sorry, they only make a WiMP 9 version available). Will your country be next?
posted by shepd on May 26, 2004 - 45 comments

The Fair Tax

The FairTax is a consumption tax designed to replace the entire federal income tax system, including personal, payroll, corporate, self-employment, capital gains, gift, and inheritance taxes. [more!!]
posted by hama7 on May 1, 2004 - 139 comments

Like father, like son

Bush lies about taxes
posted by Slagman on Mar 24, 2004 - 49 comments

Can I pay my taxes with cookie dough?

"Let's say 1 cookie equals $10 billion..." Ben Cohen (of Ben & Jerry's Ice Cream) and TrueMajority explain the federal budget with Oreos. [Flash.]
posted by homunculus on Feb 1, 2004 - 21 comments

It's just money

What's a bigger waste of taxpayer money: Throwing a concert in a tunnel for a public works project years late and over budget or putting on a New Year's fireworks display for TV cameras only?
posted by MediaMan on Dec 9, 2003 - 23 comments

Inland Review letter

Apparently genuine reply to a letter sent to the Inland Revenue. "I must take issue with your description of our last as a "begging letter". It might perhaps more properly be referred to as a "tax demand". This is how we, at the Inland Revenue have always, for reasons of accuracy, traditionally referred to such documents." [via Orbyn, via Cal]
posted by feelinglistless on Nov 28, 2003 - 9 comments

A flood of red ink

A flood of red ink This time the turnaround will be much tougher. There will be no “peace dividend” from the end of the cold war (indeed, the pressure on military spending may continue to increase). America is unlikely to see another stockmarket bubble, with its surge in tax revenues. As baby-boomers retire, the pressure from entitlement spending will be more acute. Set against this background, the path back to a sustainable fiscal policy will be extremely painful, even without any dramatic fiscal crisis. Long after Dubya is back on his ranch, Americans will be trying to recover from the mess he created.
posted by y2karl on Nov 6, 2003 - 35 comments

Quid Pro.

Money Saving Expert is a site for UKians, to play the credit card game and win, save tax, understand consumer rights, and generally be more savvy in all things fiscal.
posted by Blue Stone on Sep 30, 2003 - 2 comments

IRS fraudulent?

Rumors abound about the legality of the IRS, and about people who've managed to avoid paying income taxes based on the lack of legality of the IRS itself. Is any of this real, or simply people trying to make a buck selling a book or two? And if the IRS is fraudulent, what can a citizen without massive fundage do to fight it?
posted by woil on Aug 25, 2003 - 30 comments

Born Again Liberal!

"We've got a conservative, evangelical Christian,Republican governor, trying to get a massive turnout of black voters to pass a tax increase so he can raise taxes on Republican constituents." Alabama Governor has massive and unexpected change of heart.
posted by jonson on Aug 18, 2003 - 35 comments

marble columns

Over 2000 wealthy tax payers paid no tax in 2000. Meanwhile, states are plunging into budget deficits. Perhaps the tax cuts are meant not to spur the economy, but to defund social programs?
posted by the fire you left me on Jun 27, 2003 - 18 comments

The Economy of Policy

No Tax Relief for Married Poor. Because they, presumably, are not American.
posted by the fire you left me on Jun 23, 2003 - 27 comments

Where is the federal reserve leading us?

Monetary Policy in a Zero-Interest-Rate Economy [pdf] This report written by the Dallas Fed is amazing. Amongst other things, it outlines a plan to tax your savings as a way to continue to stimulate consumption should rates fall to zero. While opinions of the 'fed range from worship to outrage, their actions raise some serious questions. Why does this unelected group wield so much power? At what point are their actions (taxing savings) a violation of our property rights? If our economy is built on capitalism, why can we not be capitalists and embrace the opportunity presented by both boom and bust? At what point are we a command economy?
posted by H. Roark on Jun 19, 2003 - 17 comments

The view is nice from the yacht

The bait and switch. A last-minute revision by House and Senate leaders in the tax bill that President Bush signed today will prevent millions of minimum-wage families from receiving the increased child credit that is in the measure.
posted by four panels on May 29, 2003 - 21 comments

Tax Cut? You're Soaking In It!

Quick, Hide The Body! "...But the Bush administration chose to keep the findings out of the annual budget report for fiscal year 2004, published in February, as the White House campaigned for a tax-cut package that critics claim will expand future deficits. The study asserts that sharp tax increases, massive spending cuts or a painful mix of both are unavoidable if the US is to meet benefit promises to future generations. It estimates that closing the gap would require the equivalent of an immediate and permanent 66 per cent across-the-board income tax increase."
posted by owillis on May 28, 2003 - 18 comments

Who do Voodoo?

Warren Buffett the CEO of Berkshire Hathaway seems to disagree with the Bush clan on tax cuts.

"As owner of 31 percent of Berkshire, Buffett would receive $310 million in extra income if the company decided to pay $1 billion in dividends next year; his tax rate would plunge to 3 percent, while the rate of Berkshire's receptionist would remain at 30 percent."
posted by CrazyJub on May 20, 2003 - 51 comments

The Colorful Past of US Tax

The Colorful Past of US Tax Finished your return? Then spend a few minutes contemplating historical revenue stamps for a wide variety of consumer goods (my favorite stamp scans are for beer, matches, medicine bottles, and motor vehicles). A separate page offers the history of the subset of proprietary die or "match and medicine" stamps, and provides scans of stamps for canned fruit, playing cards, and perfume. Finish up with a look at "taxpaids" like cotton, oleomargarine, and ale.
posted by clever sheep on Apr 15, 2003 - 5 comments

al gore did a little fundraising at a buddhist temple, this guy on the other hand ...

many of haliburtons subsidiaries pay no taxes as they are ensconsed in offshore tax havens. the vice president is collecting substantial sums in deferred payments, and sizable government contracts are being awared to this company without competition. should we ask our vice-president to encourage his former employer to pay corporate taxes like the most of the rest of americans and american businesses, considering the hefty sums of money being handed them by the american tax payer?
posted by specialk420 on Apr 14, 2003 - 25 comments

Turncoats in Bermuda shorts.

Turncoats in Bermuda shorts. Arianna Huffington continues to skewer offshore tax shelters in her latest Salon opinion piece. Despite her patriot-speak denouncing these corporations for avoiding taxes while our young men are getting ready to die for their country, she does shine the light on a growing problem – “basic fairness and economic justice” – or, the lack of it. How can the average American not be outraged at this, when so many of us are expected to be able to account for even the smallest charitable donation we would dare to use as a tax write-off?
posted by archimago on Mar 13, 2003 - 11 comments

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