Governor Brown takes a half step in the right direction. But other states should not emulate it. Instead Californians and others should support a proposal which advances real change -- The Millionaires Tax.
If you cut taxes, revenues will fall and deficits will increase. If you change the CBO's scoring process to hide this fact -- as is under consideration by leading Republicans -- you are engaging in exactly the same sort of deception that brought down Greece.
The much anticipated corporate tax reform framework released last week by President Obama hit the right notes but lacked the details to know if it can fully realize it's potential.
Let's face it -- Republicans believe in tax reform if it means reducing taxes on the wealthy. Democrats believe in tax reform if it means increasing taxes on the wealthy. And both parties believe in tax reform if it means cutting taxes on the middle class.
Even though April 17 is a ways off, it's never too soon to start planning your strategy. Here's a roundup of common economic challenges you may be facing and their possible tax implications.
Most of us don't get second acts in our financial lives until it's too late. That's especially important for entrepreneurs, who are ambitious risk-takers, but have fewer safety nets than traditional employees. Now is the time to get on track.
How can you plan for a future where you create income that is more like Warren's? It starts with setting aside investable savings.
Here's a quick guide on how to avoid the Buffett rule if you're a large shareholder in a public company or have some extra cash to invest. But, unfortunately, these strategies won't help much if you're Jeremy Lin.
We have a debate between the right -- Republicans like Mitt Romney who would cut corporate taxes and ask them to pay less -- and a business-friendly, centrist president who won't call on corporations to pay more. "Fair share?" -- not so much.
The organization for which I work, the Institute for Economics and Peace, released a new report this week detailing the macroeconomic effects of U.S. ...
If you are like most Americans, you are most likely looking forward to receiving your tax refund check, so that you can pay down some debt, take a vacation, or buy something really nice. Here are some tips that will help you maximize your 2012 tax refund.
I hereby nominate Karlgaard and "cold loathing" friends as the charter members of Christians Against Morality, Equity, Liberty, and Same-sex marriage (CAMELS). All meetings will be held at "Eye of the Needle" bar, however, so entry is likely to prove impossible for the charter members.
The only way that Senator Toomey's plan could avoid raising taxes on people with incomes below $200,000 would be if he designed it in such a way that it lost significant revenue overall and, thus, added significantly to the deficit.
Of course, Boehner and McConnell and their cronies are already crying "foul" that the budget is all election year pandering by the president without a snowball's chance of being passed, since not enough is being offered to reduce the deficit. All smoke and mirrors and accounting tricks is their numbing refrain.
The GOP has followed its extremist fringe off the deep end, leaving the rest of us back in the reality based world, and befuddled. Their strategists warned them not to do this, but it appears that to the GOP, unhinged fringe issues are like catnip.
Both want to appeal to a hurting middle-class electorate. Only one has a populist message with appeal and effect. He most likely will win re-election in 2012.