Word: taxed
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...result of the "stress test" process. That leaves the more important issue of what it means when the financial distress of the wealthy and nearly wealthy begins to look like the money problems of everyone else. The country counts on the rich for a large portion of it tax receipts. The new budget assumes that upper income households will pay an even larger part of their earnings each year from now on. (See pictures of things money...
...tax consequences of these problems at the top of the housing market cannot be underestimated. Congress and the Administration have decided to push more of the tax burden to the high end of the income brackets. Whether this is morally or economically defensible won't matter much if the total tax dollars that comes from people making over $250,000 a year is well below budget. Even if the federal government has a perfect track record of holding to its expense plan for the next two years, IRS receipts could be off by tens of billions of dollars. (See pictures...
...Local tax authorities that rely on property taxes to cover most of their needs will probably have more trouble than the federal government. In many municipalities, property taxes are the primary source of revenue for schools and local services. Rising foreclosure rates on the most valuable homes will eviscerate local tax bases. The municipalities will only have one place to turn ultimately and that is to the federal government...
...tough call. On the one hand, I could get a new car, reacquaint myself with some of the tax dollars I so patriotically pay, and-who knows?-maybe help out a polar bear or two. On the other hand, something about this past year has me feeling less than flush...
...Instead of building empires abroad, Republicans should aim to balance their books at home. We should not only fight to conserve tax dollars but also work as aggressively to defend the environment. As Reagan once said, conservatives are supposed to conserve...