income tax

Many lawyers, tax professionals,  and financial planners around the USA are focused on the new tax laws, changes, adjustments, and rates. While the tax rates and estate taxes are presently  fair for most Americans, the estate taxes are set to rocket up in 2013 if changes do not occur.  This...

No matter how you slice and dice it, it is difficult to swallow when you see Warren Buffett's or Mitt Romney's taxes. You may think, how did they get their tax rates down to 15%? The challenge for many of us is not the tax rates, but the totality of taxes or the level of income we receive. As I...

From The Economist.

Robert Frank in the WSJ: "The debate over taxing the rich in the U.S. seems to center on “fairness” – who pays too much or too little. Yet there is little discussion about a more immediate question: Would it raise the expected revenue? Great Britain's recent experience may be instructive. The U.K....

by Mike Kimel The Effect of Individual Income Tax Rates on the Economy, Part 6: 1981 - 1993 This post is the sixth in a series that looks at the relationship between real economic growth and the top individual marginal tax rate. The first looked at the period from 1901 to 1928, the second from...

by Mike Kimel The Effect of Individual Income Tax Rates on the Economy, Part 5: 1968 - 1988This post is the fourth in a series that looks at the relationship between real economic growth and the top individual marginal tax rate. The first looked at the period from 1901 to 1928, the second from...

In the earlier post regarding Sarah Palin’s train-wreck of a speech at ICSC REcon 2010, I mentioned that she should have talked about the legislation making its way through Congress that could potentially subject carried interest to the normal tax rate (currently 35%, could...