Category: Taxes & Revenue
Taxes and Revenue
Tom Bruno mentioned at a recent council meeting that taxes are the lowest they have ever been in 50 years, as a function of GDP, while discussing city taxes and encouraged us to look it up. Is this a good argument to raise taxes? I looked it up. Here is what I found...
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On February 9th, 2009 the Tea Party movement went viral...
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Illinois is in a financial crisis. New Jersey is in a financial crisis. Illinois is controlled by special interests. New Jersey is controlled by special interests. What can Illinois possible to do control the cost the government? Ask Chris Christie...
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In an odd confluence of events, there is no estate tax this year. If congress does nothing, the estate tax will go back to 55%.
A progressive might be angry that we have a giant defecit and taxes on primarily a wealthy group (also a lot of farmers) of people are 0% this year. Conservatives are not happy about any tax rate going to 55%. No one should be happy that Congress appears to be doing nothing.
The Wall Street Journal tackled the issue a couple days ago: The Future of the Estate-Tax Law
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