Basing a tax on a fictitious price means no one will ever know the correct tax. Taxpayers will spend time and money trying to beat the system, and government will spend time and money in self-defense.
More and more, it appears, people are not just voting with their feet to visit and use parks, but they are literally casting their ballots and voting with their pocketbooks to say that parks are crucial parts of their communities.
Cutting the Pentagon budget is in the interests of the vast majority of Americans who would rather that our tax dollars be used for domestic needs -- including by lowering taxes on working people -- than for foreign wars, foreign military bases, and exotic science fiction weapons systems.
The upcoming JPMorgan Chase settlement is expected to be the largest corporate settlement in Justice Department history. Unless the Justice Department prevents it, JPMorgan could heap billions of dollars right back onto the shoulders of taxpayers.
Tax rates fell on the wealthy after 1980, while their incomes skyrocketed. But how strong is the correlation between falling tax rates on the wealthiest among us and economic inequality?
There is no more noble a contribution to society than participation in the service of the defense, perpetuation and safety of this country. The tax benefits that are in the law are yours and you have earned them. It is the least the country can do to thank you for your service.
Washington's obsession with tax cuts and deficit reduction is distracting the American people from the slow dismantling of the social contract, and its devastating impact -- financial and otherwise -- on all but the wealthiest among us.
Every year, the Federal Trade Commission, or FTC, negotiates hundreds of millions of dollars in deals with corporations to settle allegations of criminal wrongdoing. However, the FTC has ended up allowing bad actors to claim massive tax deductions for their wrongdoing.
The most important take-away is that your health care is now tied to your taxes and the more you know and understand the better the decisions are that you make.
This budget seems a little like the calm before the pension storm. Unless the state acts, and acts soon, the "pension bomb" explodes next year.
For years the creeping erosion of American hegemony has been evident, from the offshoring of manufacturing jobs which ultimately led to the demise of the middle class, to the defunding of our education system which could only lead to the dumbing down of the population.
Obsolete and entangling alliances have indeed kept the United States "in" these regions with a significant military presence long after the Cold War ended.
Leaders like La Guardia smashed slot machines because slot machines take money from the vulnerable and poor and deliver a large portion of the take to politicians.
October is a time we give additional visibility to the disease and those affected by it. But, what does any of this have to do with taxes? This is, after all my tax blog. So, let me tell you.
The problem is that the Democrats still seem to accept the Republicans' parameters for the budget debate. The implication is that current deficits are a serious problem.
Tax time may not be right around the corner, but the last quarter of the year is here, so it's time to get in gear to maximize the potential for tax deductions as the year draws to a close.