Making sure that millionaires pay at least some minimum percentage of tax sounds like a really good idea. I mean, by definition "millionaires" -- persons reporting a gross income of one million dollars or more in a year -- must have a lot of extra money. They're rich, right? So the Minimum Tax on Millionaires will just make them pay their fair ( Read more... )

From Stephen Ohlemacher, AP in Yahoo! News (and I don't expect it to be left up very long)

WASHINGTON - About 13.4 million taxpayers may be getting unexpected tax bills because they were awarded too much money under President Barack Obama's Making Work Pay tax credit, a government audit said Thursday ( Read more... )

On http://chris-gerrib.livejournal.com/281933.html?view=676941#t676941, daveon expresses the belief that the Laffer Curve is a fantasy (so, by implication, assuming that he knows what IS the Laffer Curve one can raise the most revenues at 100% tax rates), ( Read more... )