Tax Analysts Blog

Wednesday, August 26, 2009
No doubt you've heard about our government's get-tough policy on tax evasion. It was splashed all over the headlines -- both here and overseas --- in connection with last week's deal between the U.S. Department of Justice and UBS, the influential Swiss bank that claims to be world's largest manager...
Sunday, August 9, 2009
I've promised to stop ranting about how most people -- roughly half the country -- don't pay any income taxes. If we're serious about broadening the tax base and lowering rates, then everybody ought to have some skin in the game. Enough said. As many of you have pointed out, our country's poor do p...
Saturday, July 25, 2009
Some years ago a group of folks in Washington devised what they thought was a clever idea. It was known as the Starve-the-Beast (STB) theory. The 'beast' here is a pejorative reference to our federal government, which was portrayed as bloated, bureaucratic, inefficient, and statist. Admittedly, the...
Wednesday, July 22, 2009
When we last discussed the inadequacies of the U.S. tax system, I pointed out that roughly 43% of households paid no income tax. The Wall Street Journal picked up on the theme a few days later. Peter Ferrara's July 14 editorial The 0% Tax Rate Solution observed that the bottom 40% of households, as...
Saturday, July 18, 2009
Here's a riddle. How do you get corporate America to embrace a solution to our climate change crisis? The answer involves taxes. Specifically taxes that inflict pay-back on our favorite currency manipulators: the People's Republic of China. Don't get me wrong: I like all the Chinese people I've eve...
Wednesday, July 15, 2009
Litigation is a bit like a poker game. Each player has a clear objective: collect as many of the other guy's chips as you can. As a means to that end, gamblers learn not to telegraph their hand. Above all else, never display weakness when bluffing. Over the coming weeks the U.S. Department of Justi...
Friday, July 10, 2009
The phone rang the other night. It was a conservative friend who I hadn't heard from in months. He let me have it about how my last post was complete nonsense. His beef was that I understated the number of American households that pay no income tax. I recently said it was 40%. My pal disagreed and...
Tuesday, July 7, 2009
Nobody enjoys paying taxes, but you must admit that our tax revenues pay for a lot of great things with redeeming social value. Things like public libraries, transportation infrastructure, and a military to protect us from crackpots like North Korea's Kim Jong-Il. (I'll conveniently overlook the fa...
Friday, July 3, 2009
The Fourth of July is a special occasion. It serves as a moment when our nation can reflect on the greatest of American virtues: baseball, apple pie, and bank secrecy. That's correct ... bank secrecy. The U.S.A. is the biggest tax haven in the world due to our bank secrecy regime. Ponder that as yo...
Wednesday, July 1, 2009
These days we hear a lot of talk about tax havens. If the headlines are to be believed there is a global crackdown on offshore tax evasion. That's good news, if it's true. I pay all my taxes, so it's only natural I'm peeved that others avoid paying their fair share by stashing money away in a forei...