[A]s globalization increases demand for a more competitive tax system, the United States must consider shifting from a system that primarily relies on income taxation to one that relies primarily on consumption taxation. Most other major economies around the world depend more heavily on consumption taxation than does the United States. And all indications are reliance on consumption taxes is increasing. [Martin Sullivan]
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Happy March 15th! (2011)
Today marks a great day for our tax troll friends as the first corporate filing deadline of the year. For many of you, this marks the end of the traditional tax season and for the rest of you it’s more of a speed bump but it’s a sure sign that the traditional tax season is winding down.
So as the interns slap together the extensions, maybe dig into your drawer for a little pick-me-up and look over your bracket one last time. Just keep an eye out for the Judases amongst you. As far as they’re concerned, the extensions should have been finished a week ago and you should already be a dead sprint towards April 15th 18th.
Wealthy Canines Not Spared Democrat’s Ire During Tax Cut Debate
Somewhere in the whole mishmash of yesterday’s events leading up to the House’s passage of chicken crap, Joseph Crowley took to the floor to remind us know that it’s just not wealthy humans that stand to benefit greatly from tax cuts.
[via Gothamist]
Grover Norquist: No Matter What, Taxes Aren’t Going Up
GOP drum major Grover Norquist was interviewed by the Washington Post's Suzy Khimm and you'll […]