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Tax Loopholes

Calling Out the Corporate Charade

Sarita Gupta | Posted 06.17.2013 | Business
Sarita Gupta

Shareholder season is upon us, marking the beginning of another round of corporate America's dog-and-pony shows held to placate their cronies and pat each other on the back for another profitable year.

Facebook Paid A NEGATIVE 40.4 Percent Tax Rate In 2012, Group Claims

Posted 04.12.2013 | Business

Here’s something to “Like" if you're Facebook: getting a tax rebate despite pulling in billions in profits. The social media giant paid a nega...

Close Corporate Tax Loopholes, Not Public Schools

Carl Gibson | Posted 05.29.2013 | Chicago
Carl Gibson

If you want more kids to grow up into responsible, successful adults who contribute to our society, and if you want lower crime rates and prison populations, investing in good public education makes sense.

Obama Populist Rhetoric Has Unusual Consequence

Reuters | Posted 05.20.2013 | Politics

* Kansas Democrats, Republicans see a threat to jobs * Private-jet industry accounts for 1 in 10 jobs in region * Confli...

Ben Hallman

New 'Territorial' Tax Push Could Allow Companies To Pay Even Less In Taxes | Ben Hallman | Posted 03.06.2013 | Business

Corporate profits are soaring, but many of the largest American companies say they need tax relief in order to compete with foreign foes. On Wedn...

Sequestration Nation, and Remembering Robert Kennedy

Robert Reich | Posted 05.03.2013 | Politics
Robert Reich

With the sequester now beginning, I find myself thinking about Robert F. Kennedy -- and 46 years ago when I was an intern in his Senate office.

Sequester Insanity

Joe Peyronnin | Posted 04.22.2013 | Politics
Joe Peyronnin

Conventional wisdom currently is that the sequester deadline will pass and then Washington will come up with some sort of compromise solution. Perhaps just in time for the next self-inflicted crisis.

Three Loopholes Obama Wants To Close To Avoid Sequester

Ben Hallman | Posted 04.21.2013 | Business
Ben Hallman

The outcome of the latest round of political brinkmanship over fiscal policy increasingly looks like it will hinge on whether Congress is ready to tak...

The Revenue Discussion Is Not Over

Sen. Sheldon Whitehouse | Posted 04.10.2013 | Politics
Sen. Sheldon Whitehouse

Republicans argue that our revenue discussion should be over. They'll say that we already agreed to raise tax rates a little bit on the rich, so now we should only be cutting spending. But they ignore that America gives away through the tax code just as much money as it collects.

Surprising Dem Agrees With Mitt Romney

The Huffington Post | Paige Lavender | Posted 02.03.2013 | Politics

Senate Majority Leader Harry Reid has had plenty of criticism for 2012 Republican presidential candidate Mitt Romney, but during an appearance on ABC'...

Dem Senator Looks For Allies In Looming Battle

Reuters | Posted 03.31.2013 | Politics

* Levin circulates list of specific tax ideas to colleagues * Automatic spending cuts will be 'disaster,' he says By Kim...

NEWT Can Close Tax Loopholes

Rep. Charles Rangel | Posted 03.26.2013 | Politics
Rep. Charles Rangel

By using a loophole in the tax code, some individuals have organized their businesses in such a way that their earnings, what you and I would call "wages," can technically be called "profits" and therefore are not subject to Medicare tax.

Dave Jamieson

More Revenues Must Be Part Of Deficit Deal: Obama Adviser | Dave Jamieson | Posted 01.20.2013 | Politics

A top adviser to President Barack Obama said Sunday that more revenue must be part of any long-term deficit deal that the administration strikes with ...

Shocker: Huge Companies Cost U.S. Billions Exploiting Tax Break Designed for Farmers Swapping Horses

Ian Reifowitz | Posted 03.10.2013 | Business
Ian Reifowitz

It's ridiculous that huge corporations or speculators should be able to take advantage of this provision, buying one investment property, flipping it, and then "replacing" it with another, ad infinitum, not paying capital gains taxes on the sales.

Built to Last: Proposition 39 and California's Schools

Kate Gordon | Posted 02.12.2013 | Green
Kate Gordon

Washington, take note: if our nation physically crumbles, our status as a world leader crumbles too. It's time to take action.

Warren Buffett's Tax Confusion

Robert Auerbach | Posted 02.12.2013 | Business
Robert Auerbach

If one of the world's most successful investors, Warren Buffett, calls you on the phone and gives you a specific investment tip would you reply that it depended on the taxes that affect the income from the investment?

Fantasy Cliff: Debunking the Biggest Myths About the Bush Tax Cuts and the Rich

Sanjay Sanghoee | Posted 01.30.2013 | Politics
Sanjay Sanghoee

We should stop taking the flawed arguments of the rich seriously, and call it out for what it is. Greed.

Politics and Equality: Why the Rich Should Be Grateful to Obama for Taxing Them

Sanjay Sanghoee | Posted 01.15.2013 | Business
Sanjay Sanghoee

Raising taxes on the rich, who usually pay a lower rate than everyone else because of the loopholes available to them, is not about redistribution of wealth but about creating a level economic playing field for all Americans.

Good Rich, Bad Rich

Jag Bhalla | Posted 01.08.2013 | Politics
Jag Bhalla

I am not remotely against the rich: It would be great if many more were rich. But to simplify for the sake of a useful argument, we need to distinguish at least two kinds of rich: the good in-it-together rich and the bad in-it-only-for-themselves rich.

Why California's Union Members Should Support Proposition 39

David Foster | Posted 01.05.2013 | Business
David Foster

When you boil it down, Proposition 39 is actually easy to understand. The ballot measure would simply close a tax loophole that incentivizes California companies to create jobs elsewhere. Every Californian will benefit from this proposition.

6 Small Business Issues at Stake in This Election

Stacy Mitchell | Posted 12.29.2012 | Small Business
Stacy Mitchell

A number of critical small business issues are at stake in next month's federal and state elections. Here are six of the most important.

We Pay More

Carl Gibson | Posted 12.26.2012 | Politics
Carl Gibson

I pay more. So do you -- either as a percentage of our income, as an effective federal tax rate, and even as a dollar amount compared to our corporate counterparts.

WATCH Huntsman: Romney Should Withdraw Mourdock Endorsement, Pull Ad

The Huffington Post | Sabrina Siddiqui | Posted 10.25.2012 | Politics

Jon Huntsman, former Utah governor and 2012 Republican presidential candidate, said on Thursday that Mitt Romney showed a lack of leadership with his ...

Matt Sledge

Romney Website Silent On Closing Tax Loopholes | Matt Sledge | Posted 10.06.2012 | Politics

Wondering which loopholes for the rich Mitt Romney would close to pay for a $5 trillion tax cut? Don't go to his website. A Romney budget, the webs...

What Obama Can Learn From Bush

Sanjay Sanghoee | Posted 12.05.2012 | Politics
Sanjay Sanghoee

What you need to remember about Bush is that whether you agreed with him or not, you always knew where he stood on things. Obama, for good or bad, needs to do the same.