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White House Takes The UPS Approach to Explain Tax Cuts

Posted on October 1, 2010 by Caleb Newquist

Keeping it simple for the folks: colors, shapes, numbers.

Not really too subtle with the “Blue=Good; Red=Bad.”

Posted in TaxTagged Austan Goolsbee, big red eggs, Rulers, Tax cuts, Tax policy, white boards

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Next: Is Anyone Surprised That Christine O’Donnell’s Nonprofit Failed to File Their Tax Returns?

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Anyone Feeling Nostalgic for Tax Reform Today Can Stare at This Photo as Long as They Need To

  • Caleb Newquist
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Our tax system will probably stay a clusterfuck for another 100 years, but we'll always […]

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Tax Changes for Haiti Donations Is Bad Legislation. So What?

  • Caleb Newquist
  • January 21, 2010

charlie rangel.jpgNot surprisingly, the House passed H.R. 4462 earlier today in order to accelerate charitable donations made for the relief efforts in Haiti. The bill was sponsored by Charlie Rangel (D-NY) and Dave Camp (R-MI).
We pointed out the thoughts of Howard Gleckman over at Tax Vox this morning and our contributor, Joe Kristan chimed in agreement earlier over at Tax Update Blog:

When something bad happens, politicians reflexively reach for the tax code. They should put it down and back away slowly…As bad as Haiti is, it’s not the first disaster ever, and one more change to the tax law isn’t going to solve that sad country’s problems. Of course, the proposed changes are more about politicians making a show of concern than actually accomplishing anything.

While our sentiments are with these two tax gurus, let’s not forget that every single member of the House of Representatives is up for re-election in less than 10 months. No one was going to vote against this bill. The Senate will pass it and the POTUS will sign it.
Noting that the bill is bad policy misses the point. We’ve all gotten used to Congress making the tax law progressively worse, so is it really necessary to mention that two-thirds of taxpayers don’t itemize deductions and thus, won’t see any benefit at all on their 2009 tax returns?
Those two-thirds of taxpayers don’t think about the standard deduction when they donate money to anything. It’s not about solving the problems of the mind job of the IRC, it’s about encouraging people to do what they can to help.
Save the bitching about Congress for [insert anything else].
Haiti Tax Relief [TaxProf Blog]
hr-4462.pdf

  • Tax

Warren Buffett Dares Rupert Murdoch to Whip It Out

  • Caleb Newquist
  • October 5, 2011

His tax return, people. His tax return. Remember last week when the Journal told O^3 he should put up or shut up since he’s so gung ho about increasing taxes on the ultra-rich? Well, he sure does and he seemed delighted when someone asked him about it today:

Asked about the editorial on Tuesday at Fortune’s Most Powerful Women Summit, Buffett said he was willing to release his tax returns, on one condition: “I think it might be a terrific idea if they would just ask their boss, Rupert Murdoch, and he and I will meet at Fortune, and we’ll both give you our tax returns and you can publish them,” Buffett said. “I’m ready tomorrow morning,” he added.

Your move, Rupes.

Buffett challenges Murdoch on tax returns [CNN]

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