Category Archives: Taxes

What Tax Reform Should Do

And it’s not what most people would think. Between taxes being due today and Il Trumpe deciding to tackle tax reform*, there’s talk of tax reform: how we can change the tax code to do…something. But here’s the problem I … Continue reading

Posted in Taxes | 2 Comments

Everything Is About The Budget Control Act

Or, Republicans are now getting screwed by the forced austerity they created. Every so often, I come across a piece arguing that Il Trumpe isn’t that different from Reagan. While I agree in many ways–is Betsy DeVos any more ridiculous … Continue reading

Posted in Conservatives, Healthcare, Taxes

Bannon, International Man Of…WTF?!?

We’ve discussed elite racist, presidential advisor, and possible tax fraud Steve Bannon before, but now he is under investigation for residency fraud, which is usually an attempt to claim residence in a low (or no-) tax state in order to … Continue reading

Posted in Bidness, Taxes | 4 Comments

D.C.: Extra Taxation Without Representation (On Free-Loading Non-Urban Areas)

One common conservative claim is that cities, full of those people, are leeches that take a lot of money from ‘real Americans’ to pay for all of their lazy poor people. While the claim appears ridiculous (among other things that … Continue reading

Posted in DC, Economics, Taxes

Trump Declares War On Your 401(k) Retirement Money

I’ve never been a fan of the shift from defined benefit pensions to 401(k) plans: they’re nothing more than a way for brokers to charge excessive fees, and to give wealthy people a tax cut for something they were already … Continue reading

Posted in Bidness, Conservatives, Taxes | 1 Comment

Trump Voters To Give Massive Tax Cut To ‘Coastal Elites’ They Despise

Never mind the kleptocracy, it’s just the same old conservative con (boldface mine): President Donald Trump is set to give America’s richest 1% an average annual tax cut of $214,000 when he takes office, while more than eight million families … Continue reading

Posted in Bidness, Conservatives, Taxes | 3 Comments

Massachusetts Proposes a Millionaire’s Tax

Over two years ago, when I lived in Massachusetts, I proposed a 10% income tax on every dollar over $780,000 (at the time, Massachusetts had a flat tax of 5.25%): With those assumptions, I find that overall income tax revenues … Continue reading

Posted in Massachusetts, Taxes | 3 Comments