Word: taxed
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...overlooked aspects of President George W. Bush’s plan to provide dividend tax relief is the selective awarding of those benefits to shareholders of corporations that pay federal taxes. In other words, firms that report profits to capital markets but don’t report profits to tax authorities, an increasingly common outcome, wouldn’t share in the benefits. In the process, comparisons between the income reported to capital markets and tax authorities would become much more transparent...
While this proposal is laudable, Bush’s dividend tax plan opens the door to a more fundamental reconsideration of corporate reporting: Should corporations be allowed to report their income in two distinct ways to investors and to tax authorities? Several countries other than the U.S. enforce so-called “book-tax conformity” to varying degrees so that results are reported uniformly to these two audiences. Recent trends suggest that now is an opportune time for the U.S. to revisit the rules that allow firms to describe their economic activity in different ways to these...
...time for President Bush to do something bold. Hah, you say. Bush is all bold all the time. Yes, but his boldness has been pretty much confined to military action and tax cuts. Now he needs a bold stroke diplomatically. The situation on the ground in Iraq is confusing at best, and quite possibly chaotic. It seems increasingly clear that a new government cannot be created by the U.S. alone. And so Bush should ask for help - not from the U.N., at least not yet, but from the six countries that are Iraq's immediate neighbors - Saudi Arabia, Syria, Jordan...
...secure companies’ agreement to the plan, the government offered them a slower rate in government-mandated wage increases, a cut in the payroll tax and more “flexibility” in deciding when the hours would apply...
...compared to the $3-billion spending gap, the elimination of $2.3 million from a vital public service can only be categorized as absurd panic cutting. If Romney meant his promise to stand up for the little guy, he can keep it by saving these centers and suspending the income tax rollbacks instead...