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Bottom Line Counts Down to Tax Day
Count Down to Tax DayThose who are yet to file their tax returns know full well that April 15 (Tax Day) is fast approaching. In the mad rush to complete the paperwork, little thought is likely given by...
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So What's Our Revenue Situation?
Count Down to Tax DayWith tax day fast approaching, it's worth discussing the current state of revenues in the United States. Last year, revenue collection hit a 60-year record low of 14.8 percent of...
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Spending by Any Other Name Smells as Sweet: Tax Expenditures
Count Down to Tax DayIn the complexity that is our tax system, there’s a special group of tax law provisions that significantly change how the regular tax rates affect individual and corporate...
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New Types of Taxes
Count Down to Tax DayIn counting down to tax day, we’ve already shown that we don’t raise as much in revenue as we spend, and how this is partially the result of costly tax expenditures. Paring back...
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Can Only Taxing Income Over $250,000 Pay Off Our Debt?
Count Down to Tax DayPresident Obama has pledged not to raise taxes on individuals who earn under $200,000 a year or on couples earning under $250,000. It seems highly unlikely that the President will...
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Considering a Value Added Tax
Countdown to Tax DayWith huge structural deficits looming in the future, many observers feel that the current tax code will not be able to raise enough revenue to balance the budget, even with...
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The Need for Fundamental Tax Reform
Countdown to Tax DayIn our “Countdown to tax day” we have so far covered the pros and cons of a VAT, the limitations of only taxing income over $250,000, extending expiring tax cuts only temporarily,...
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