Congressional study warns of dire US debt outlook (via AFP) US debt is on track to double the size of the entire economy in the next 25 years, the non-partisan Congressional Budget Office reported Tuesday in its grim view of America’s fiscal future. The CBO said that under present policy, in which current tax rates…
Tag Archive for Tax Rates
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CBO warns of US falling off ‘fiscal cliff’
by Bears Chat at The Wall Street Examiner • • 0 Comments
CBO warns of US falling off ‘fiscal cliff’
[img]http://l.yimg.com/bt/api/res/1.2/oXh_6AJBHy_uEbdrklkymA–/YXBwaWQ9eW5ld3M7Zmk9Zml0O2g9Mjg-/http://l.yimg.com/os/152/2012/04/21/image001-png_162613.png[/img]By ANDREW TAYLOR | Asso…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Three of a Kind
by Bruce Krasting • • 0 Comments
. On the Debt Ceiling
The Treasury Department emailed its fans a blog entry setting out its position on extending the debt limit. The very fact that the Treasury Department feels the need to post blogs on this topic worries me. They wouldn’…
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Nick Hanauer Tells Cavuto Like It Is
by Bears Chat at The Wall Street Examiner • • 0 Comments
CAVUTO: Rich people pay a third of their income in taxes. […] What’s the fair share to you?
HANAUER: Rates of growth were greatest when tax rates were at their highest […] The truth is that the truly rich aren’t paying thirty percent. They’re payi…
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Many Big Businesses Pay ZERO Income Tax
by Bears Chat at The Wall Street Examiner • • 0 Comments
The official corporate tax rate is 35 percent, but that would be tough to tell by looking at the financial statements of some of the nation’s largest companies.
A new study out Thursday found that 280 of the largest publicly traded U.S. compani…
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The First Trillionaire
by Bears Chat at The Wall Street Examiner • • 0 Comments
Monday, the White House proposed a new tax bracket for millionaires and billionaires, part of a $4.4 trillion proposal to rein in the country’s debt. Republicans such as Rep. Paul Ryan have called the proposal “class warfare,” but Obama defends it as o…
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Attention Americans: You Won’t All Be Rich Tomorrow
by Bears Chat at The Wall Street Examiner • • 0 Comments
If we were all to become suddenly rich tomorrow, the government’s revenue problems are solved at the current tax rates, so no worries in that case. But I place long odds on that, so let’s move on to what’s actually happening.
It’s as if th…
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Hardest States To Make A Living In
by a Wall Street Examiner • • 0 Comments
Though many economic experts say the American job market is back on track, some states are more firmly on the right track while others have pretty much fallen off completely.
Because these day, even if you can find a job, making a living in your s…
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How To Pay No Taxes
by a Wall Street Examiner • • 0 Comments
For the well-off, this could be the best tax day since the early 1930s: Top tax rates on ordinary income, dividends, estates, and gifts will remain at or near historically low levels for at least the next two years. That’s thanks in part to legislat…
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The Little People Pay Taxes
by a Wall Street Examiner • • 0 Comments
From the NY Times…
Leona Helmsley’s legacy lives on in the building that bears her name.
Over at tax.com, Martin A. Sullivan, an economist and contributing editor to Tax Analysts, has a fascinating post on the tax rates paid by the residents …
