”If you add up all the federal and you look at the disability and the unemployment and the Social Security and the state, my tax rate’s 62, 63 percent.  So I’ve got to make some decisions on what I’m going to do.” ~Golfer Phil Mickelson, 7th highest paid athlete in the world I always find [...]

 “Because access to information from other countries is critically important to the full and fair enforcement of U.S. tax laws, information exchange is a top priority for the United States’ tax treaty programs.” ~Manal Corwin, the deputy assistant Treasury secretary The Obama administration has been on a mission to prevent wealthy Americans and corporations from [...]

“We can no longer pretend that the creation of wealth for a few will inevitably benefit the many – too often the reverse is true.” ~Jeremy Hobbs - Executive Director, Oxfam International It’s amazing how many people fail to understand the significance of income inequality; some view income inequality as somehow the result of an individual [...]

The Cayman Islands has been just one of a handful of countries which are primarily used for tax evasion by exploiting the tax code and the protections of foreign governments.  As a British territory – their laws are very much under the influence of what Britain does and doesn’t want.  Which makes it all the [...]

“America can preserve the health and retirement safety net and rein in long-term spending growth by modernizing Medicare and Social Security in a way that addresses America’s new fiscal and demographic realities.” ~Gary Loveman, chairman, president and chief executive of casino giant Caesars Entertainment Corp. First off – to the CEO of Caesars from the [...]

Conservatives LOVE to talk about the flat tax.  There are very few things that will make a conservative get hot and bothered more than the idea of transitioning away from a progressive tax system to a regressive tax system that taxes everyone equally.  Governor Bobby Jindal (R-LA) has proposed to eliminate the state income tax [...]

“In America today, we have the most unequal distribution of wealth and income of any major country on earth, and more inequality than at any time period since 1928.” ~Senator Bernie Sanders (I-VT)  Senator Bernie Sanders is one of the few Senators who actually talks about income inequality.  The man exudes character and integrity; he’s [...]

The Republican party has a penchant for accusing Democrats of attacking “the little guy” anytime they try to pass a law that hurts the interest of their wealthy donors.  For example – when Democrats propose to increase the death tax for the wealthy – the first response is always that this will hurt families with [...]

“Last year was a great one for the world’s billionaires.” ~John Catsimatidis, the billionaire owner of Red Apple Group Inc There is something very wrong with a global financial system that allows for 100 people to be worth $1.9 trillion in wealth.  If these 100 individuals were their own country – they would be the [...]

“Republicans didn’t break their no-tax pledge. They’re going to be as opposed to more tax hikes as ever.” ~Grover Norquist – January 2nd, 2012 (source) Someone explain this to me.  Grover Norquist has changed his position on letting the Bush tax cuts expire for the rich from Republicans will impeach Obama to saying allowing tax [...]