The Olympic Medal Tax Will No Longer Get The Gold

The Olympic Medal Tax Will No Longer Get The Gold
It looks like the media is going to have to invent one more controversy every two years, because they’ll have a hole in their schedule once the Olympic Medal Tax is repealed. Here’s the deal: each Olympics, even that one that takes place in that white stuff that so many Texan tourists come here to Colorado to ...

The Top Tax Rate is Higher Than You Think

The Top Tax Rate is Higher Than You Think
I heard a story. The person was trying to figure out a tax question for a friend of a friend, so I don’t know any actual details, and, like a good game of Telephone, what I did hear was probably altered beyond recognition (oh, you sell plants and seeds, not sex and weed!). Even though ...

The Real Issue With the Trump Tax Plan

The Real Issue With the Trump Tax Plan
When Donald Trump first revealed his tax plan, I saw two immediate responses from the Twitterverse: (a) The Trump tax plan is designed to tax the rich, and (b) the Trump tax plan is the typical right wing trickle down economics. (Sidebar: NOBODY is advocating trickle down economics, but that’s neither here nor there) Since this is ...

Rand Paul Tax Plan Version 2.0: “Blow It Up”

Rand Paul Tax Plan Version 2.0:
Rand Paul is trying something new. His EZ Tax Plan, which was short on specifics and always doomed to fail, has now morphed into something much more unique: The Fair and Flat Tax. I have to give Rand Paul credit here. Whether or not you like the plan he offers, he at least offers specifics, unlike any ...

Bernie Sanders: Tax Millionaires, Pay For Everything

Bernie Sanders: Tax Millionaires, Pay For Everything
In The Lego Movie, Benny wants to build a spaceship. It’s his answer to everything. Escape from Bad Cop? Spaceship. Break into Lord Business’s evil lair? Spaceship! Destroy the Micromanagers? SPACESHIP! Like that 1980-Something Space Guy, Bernie Sanders has one main obsession: raising taxes on the wealthy. Social Security in trouble? Tax the rich. National ...

Bill Gates Missing The Point In Tax Analysis

Bill Gates Missing The Point In Tax Analysis
Bill Gates doesn’t have a problem with our current corporate tax system. Well, okay, that’s almost certainly overstating it. I’ve followed a bit of what the semi-post-Microsoft Bill Gates has done, and his viewpoints must be more complex than the sound bite answer we got on the tax system in his Fareed Zakaria GPS interview. However, he ...

Which Candidate’s Tax Reform Plan Would The Economist Support?

Which Candidate's Tax Reform Plan Would The Economist Support?
This morning I stumbled on an Economist article discussing a tax arrangement that’s distorting our world like a SciFi super villain. Unfortunately, our tax plan’s Lex Luthor also has the popularity of Superman: tax-free debt. If you don’t want to click the link above for fear that your friends will think you’re a haughty intellectual (“I read The Economist” ...

We Can Actually Criticize Specifics of Marco Rubio Tax Plan

We Can Actually Criticize Specifics of Marco Rubio Tax Plan
So far, while looking at the various 2016 presidential candidates tax plans, I’ve realized something important: we’re going to have way too many Republicans in the primary. And so far, very few of them have a tax plan. Rand Paul has a skeletal outline of a tax plan, but the other candidates so far have ...

Hillary Clinton Tax Plan Whatever You Want It To Be

Hillary Clinton Tax Plan Whatever You Want It To Be
Last week, I noted that Ted Cruz has a long way to go to come up with something resembling a usable tax plan. Compared to Hillary Clinton’s tax plan, though, his is a well-established masterpiece. From what I could find, Hillary Clinton’s presidential tax plan boils down to a couple of vague platitudes about helping the ...

Fighting to Make LIFO Repeal First Out

Fighting to Make LIFO Repeal First Out
I certainly hope Ways and Means Committee Chairman Dave Camp had some idea what he was getting into when he wrote a plan to reform our tax system. Even though both parties claim to agree to tax reform, actually writing something down is like painting a political target on your back. After Dave Camp initial release the reform ...