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26 October 2012 0 Comments

Taxing Businesses – The Willie Sutton Economic Policy – Because That’s Where the Money Is

The Marxist Alinsky – Willie Sutton – Obama “Tax the Rich” is an ongoing leitmotif of American politics and academic discourse.  Street- smart, Philadelphia bank robber, Willie Sutton, explained this underlying philosophy in simple and clear terms:   After being convicted for being a serial bank robber a judge asked him why he robbed banks, […]

11 October 2012 0 Comments

Tax Fairness – Plutocracy; Tax Fairness – A Sophisticated Libertarian Analysis – Stephen Moore

TaxProf Blog brings this tax fairness analysis to our attention. The Marxist Alinsky mantra is “Have Nots vs Haves” also that there is a systemic, and profoundly unfair distribution of wealth favoring “the Rich”, Plutocrats who rapaciously and greedily exploit and plunder the “working stiff” common man. “Social Justice” requires the government, in its virtue […]

2 October 2012 0 Comments

Tax Reform – WSJ Stephen Moore and a Critique – Rep. Dave Camp, Republican House Ways and Means Chairman

A WSJ Letter to the Editor succinctly challenges WSJ Free Markets For Free People.  Stephen Moore has a different view and argues for the residential mortgage deduction status quo. “Stephen Moore continues to forget that every candidate espousing the flat tax mantra of Steve Forbes has been soundly defeated.  (“The Weekend Interview with Dave Camp: […]

26 September 2012 0 Comments

Big Government’s Profits – ExxonMobil and the Energy Tax – ExxonMobil Pays Taxes Three Times Its Profits!

ExxonMobil Paid $1 Trillion in Taxes Since 1999, Three Times Its Profits  READ MORE Carpe Diem 9 August 2012 Mark J. Perry (as reported at TaxProf Blog)  “For every dollar in profits it earns for its shareholders, ExxonMobil earns nearly three dollars for governments.” Forbes AEI 9 August 2012 Nick Schulz         […]

29 August 2012 0 Comments

Analyzing Left Wing Analysis: Mitt Romney’s Tax Plan – Closing Loopholes for the Rich

The Leviathan State ensnares us all with the complications and expense of the tax code. See also “college perfesser” who makes the similar point about special tax preferences . “It isn’t easy being the intellectual frontmen for President Obama’s re-election campaign, as the boys at the Brookings-Urban Institute Tax Policy Center are discovering. Their ballyhooed study […]

12 August 2012 0 Comments

Senator Pat Toomey at Liberal Brookings Institute Explaining Tax Reform

Sen. Toomey also outlined how pro-growth tax reform presents a path forward to address our fiscal challenges, including the impending fiscal cliff. “So the first point I want to talk about is the truth. The truth is that our big entitlement programs, Social Security included, but especially the mandatory health care programs, are unsustainable. I […]

17 July 2012 0 Comments

The Forgotten Taxpayer: How Much and Where It Goes

21 June 2012 0 Comments

A Short History of Recent Tax Cuts: Remembering the 1997 Clinton Tax Cuts

ClintonTax Cuts: In 1997 President Bill Clinton signed a tax cut bill that, among other things, created a new $500 child tax credit, raised the income limit for deductible IRAs, nearly doubled the estate tax exemption, and slashed the capital gains tax rate by a whopping 28%.  The reduction in the capital gains tax was […]