Posts Tagged ‘flat tax’


Deprecated: Function get_the_author_description is deprecated since version 2.8.0! Use get_the_author_meta('description') instead. in /mnt/stor3-wc2-dfw1/509309/www.mygovcost.org/web/content/wp-includes/functions.php on line 5379

Tax System Remains Punitive


Friday February 16th, 2018   •   Posted by K. Lloyd Billingsley at 9:28am PST   •   0 Comments

As we noted, the Republicans’ tax bill lowers the corporate rate from 35 to 21 percent and according to the New York Times it will cut taxes for about 75 percent of filers in 2018. That is good news for taxpayers, who would do well to consider realities that have not changed, such as…
Read More »

Trump Tax Plan Ignores Basic Injustice


Thursday April 27th, 2017   •   Posted by K. Lloyd Billingsley at 9:43am PDT   •   0 Comments

President Trump’s new tax plan will cut seven tax brackets down to three, with rates of 10, 25 and 35 percent. The Trump plan also drops the top rate of taxation from 39.6 to 35 percent. The corporate income tax rate falls from 35 to 15 percent, and the estate tax is eliminated. Those…
Read More »

Government Goldfinger


Tuesday October 11th, 2016   •   Posted by K. Lloyd Billingsley at 9:02am PDT   •   1 Comment

President Obama has signed the United States Appreciation for Olympians and Paralympians Act, which “eliminates a tax penalty imposed by the Internal Revenue Service on medals or other prizes awarded to Team USA athletes during the Olympic and Paralympic Games,” according to a press release from Bob Dold (R-IL). Olympic athletes with adjusted gross…
Read More »

Fixing the Budget Deficit Without Raising Taxes


Monday November 15th, 2010   •   Posted by Emily Skarbek at 11:01am PST   •   3 Comments

The New York Times has a wonderful tool for understanding how the recommendations of the presidential deficit commission could work to close the estimated annual budget shortfalls in the future. You simply go through and select spending cuts and tax increases until the budget shortfall is corrected for both in the present and future….
Read More »

Facebook Twitter Youtube

Search MyGovCost