TaxVox

Is It Time to Repeal The Corporate Income Tax?

September 4, 2014 –

In case you missed it, The New York Times’ political and policy blog The Upshot published a fascinating debate throughout August on the question:...

Federal Budget and Economy

CBO Says Federal Tax Revenues Will Rise Because Of Higher Individual Income Taxes

September 3, 2014 –

Last week’s Congressional Budget Office fiscal update largely focused on the dangers of rising spending on health care, Social Security, and interest...

Federal Budget and Economy

Don’t be fooled: America’s deficit is still a problem

September 2, 2014 –

The Congressional Budget Office recently put out new budget projections and commentators have had a series of feel-good moments about it. Debt is...

On Credits, Boycotts, and the Economy

September 2, 2014 –

Congress is in recess until Monday, September 8. The Daily Deduction will resume its regular schedule when Congress returns. “ There will be credits...

Federal Budget and Economy

CBO’s Spending Projections Map the Coming Fiscal Battle

August 28, 2014 –

Without changes in the law, health care, Social Security, and interest on the debt will eat up 85 percent of all new federal government spending over...

Individual Taxes

Could The U.S. Fix Taxation of Multinational Corporations With A Sales-Based Formula?

August 26, 2014 –

Corporate inversions have been the topic of the summer for tax wonks (beats jellyfish and beach traffic, I suppose), but the issue is a classic bit...

Individual Taxes

How Much Would An Individual Tax Rate Cut Add to the Deficit, and Who Would Benefit?

August 21, 2014 –

Reducing tax rates is a guiding principal of most tax reform plans. Even Democrats who see reform partly as a tool to boost revenues agree that some...

Individual Taxes

One Downside Of Inversions: Higher Tax Bills For Stockholders

August 20, 2014 –

Corporate inversions are all the rage these days as U.S. businesses merge with foreign firms and then restructure the combined businesses as foreign-...

Individual Taxes