Tax Analysts Blog

Monday, February 4, 2013
If Sen. Carl Levin ever feels like Sisyphus, constantly pushing a boulder up a hill only to have it roll back to the bottom, he certainly doesn't let anyone know it. For years, Levin has been on a quest to close international taxation loopholes. And for just as long, he has largely failed to persu...
Monday, January 28, 2013
The derivatives market in the United States is estimated to be $600 trillion, which is 10 times the size of the global economy. Excessive trading in derivatives probably contributed heavily to the meltdown in the financial sector that threw the United States -- and the world -- into recession in 20...
Tuesday, January 22, 2013
President Obama and Democrats may think that taxes should go up more on upper-income earners, but count Phil Mickelson among those who disagree. The golfer recently told reporters that he planned to make “drastic changes” because of California's new tax laws. He hinted that retirement might be a...
Monday, January 14, 2013
The fiscal cliff might be behind the United States, but the effects of the deal to avoid it will be felt for a long time. Unlike many other hasty tax compromises drafted on Capitol Hill, the provisions of the American Taxpayer Relief Act (ATRA) are mostly permanent. The income tax rates, the estate...
Monday, January 7, 2013
The fiscal cliff may have been averted, but anyone who just received their first paycheck of the new year probably noticed that it was a bit smaller. That may have come as a shock to many middle-income taxpayers. Didn't President Obama just spend a whole week touting the fact that he had saved 98...
Monday, December 17, 2012
Raising taxes in the middle of a weak economy is usually political suicide. Herbert Hoover did it in 1932 and condemned the Republican Party to decades of rebuilding. Bill Clinton did it in 1993 and watched as the GOP took control of Congress in 1994 for the first time in decades. And now President...
Monday, December 10, 2012
Tax competition is a positive force in the global economy, according to Daniel Mitchell of the Cato Institute. He believes that governments competing against each other to attract business makes tax codes more efficient and helps economic growth. It certainly helps businesses, but it isn’t clear j...
Monday, December 3, 2012
The GOP has a Senate problem. Everyone knows it because it has been front and center in the last two election cycles. Despite a favorable political climate in 2010 and a map tilted their way in 2012, Republicans have failed to make much headway toward retaking the Senate (the party is only up five...
Monday, November 26, 2012
It took John Kerry 14 years to get a seat on the Senate Finance Committee. That’s supposedly what Senate Majority Leader Harry Reid told Angus King when the Senate’s newest independent requested a seat on the prestigious taxwriting committee. King was hoping to replace Olympia Snowe, the retiring...