Corporate tax lawyers like the tax – a lot. Corporate tax managers can’t live without it. The Big Four accounting firms have an army of partners who have become rich working on corporate tax issues. State revenue departments are full of people who earn their living working on corporate taxes. Most of them would like to cash in on their expertise and become partners in big law and accounting firms. State economic development officers love the corporate tax – a big old cookie jar from which to dole out goodies. Those economic development folks soon find themselves working for big consulting firms that manage to get corporate tax breaks for their clients. Think tanks on both the left and right love the tax. The left needs it to champion, the right to decry. Academics like the tax. It is so screwed up that it provides a wealth of research opportunities. These are the people who benefit from auditing, planning, litigating, and talking about the state corporate tax. [David Brunori]
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Just So You’re Aware: Cuba Is Developing a Children’s Video Game to Promote Taxes
- Caleb Newquist
- January 28, 2011
We assume El Presidente is cognizant of the situation but we honestly don’t know what to make of Cuba allowing any semblance of private enterprise other than we hope this means the country will get back to something that closely resembles the Havana casinos in Godfather II.
“Tributin” or “Little Tax” is expected to be available this fall and sounds like it will be quite a gas:
“It is a fun software to help children learn about fiscal policy, because since they were born in a socialist society with some gratuities, they don’t have all the elements needed to understand taxes,” project director Dagoberto Marino told Reuters in a telephone interview.
“Tributin” would show children how the money they spend when they buy candy puts in motion mechanisms that benefit their communities in the form of school improvements.
Cuba plans children’s video game to promote taxes [Reuters via Tax Docket]
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David Cay Johnston Impressed with Obama’s Wily Plan, Will Stand Up to Those Bullying Social Security
- Caleb Newquist
- September 23, 2011
DCJ is putting the rubes (read: Republicans) on notice that A) Obama is one crafty SOB and B) if Rick Perry wants to throw around “Ponzi scheme” then two can play at that game.
Obama has also set a clever trap for anti-tax Republicans. Obama’s American Jobs Act would lower Social Security taxes for all workers and for all businesses in 2012. Republicans who vote against the bill would be voting against a tax cut. They would also be voting against a huge business tax break, letting business immediately write off all capital investments made in 2012. […] The latest assault on Social Security comes from Governor Rick Perry of Texas, a Republican presidential hopeful who insists that social insurance for widows, orphans, the disabled and the old is a Ponzi scheme. If Social Security is a Ponzi scheme then so are public education, businesses and the state government that has for decades employed Rick Perry.
Father Christmas seems a little surprised that the GOP would find a tax cut they didn’t like but as we know, many don’t find the Social Security tax cut to be their cup of tea because of its lack of eternal life.
More for the rich [DCJ/Reuters via TaxProf]
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Chris Van Hollen Isn’t Buying the “Tax Cuts Create Jobs” Story
- Caleb Newquist
- November 24, 2010
In case you needed another sign that we are heading full speed towards a stalemate on tax policy, the Representative from Maryland would like to be recognized for calling BS on the popular Republican rhetoric:
“It’s clear that the tax cuts for the folks at the very top have not created any jobs. After all, we’ve had them in place now for more than eight years, and we know what the jobs situation is,” Van Hollen said during an interview Monday on MSNBC.
“The notion that you’ve got to continue them in order to somehow boost the economy, when those are in place right now and we have a lot of people unemployed, is a clear indication that they are not a big job creator.”
Eric Cantor’s rebuttal will sound similar to this:
“Taxes shouldn’t be going up on anybody right now.”
[…]
“This election … was really the American people saying they are tired of the lack of results in Washington,” he said. “They want to see more jobs for more Americans. They want to see us … cut government spending, rein in the size of government so we can get this economy growing again. That was the prescription, that was the mandate that came from the people.”
So there’s no middle ground to be found here, guys? No chance you can put down the ideological rhetoric for the sake of, ya know, screwing the American people?
Van Hollen: Tax cuts for wealthy ‘not a big job creator’ [The Hill]