Wisconsin
Wisconsin Budget Project: Taxation of Capital Gains Income
January 14, 2013
Wisconsin is one of nine states that provide a broad tax break for capital gains. That tax exclusion has become a key budget issue after the state Senate voted on June 17 to eliminate the tax break for such income, in lieu of creating a new oil company tax. The Governor and Assembly recommended smaller […]
Milwaukee Journal Sentinel Wisconsin’s tax burden gets lighter but not for all
January 8, 2013
(PDF of Original Post) By Dave Umhoefer of the Journal SentinelPosted: April 12, 2010 | At the end of last year, one Midwestern state emerged carrying its lightest total tax burden since the early 1960s. Only six states nationwide saw a bigger drop in the percentage of taxpayer income taken for government spending over an […]
Milwaukee Journal Sentinel Tax reform should aim for greater tax fairness
January 8, 2013
(PDF of Original Post) By Jon PeacockOct. 2, 2010 The income gap between the richest and poorest Americans grew wider than ever last year, according to new data from the Census Bureau. That finding strengthens our conviction that the state and federal tax systems should not be tilted in favor of the wealthiest Americans. At […]
Wisconsin Budget Project: Will Recent Changes to Capital Gains Tax Be Rolled Back?
January 8, 2013
(PDF of Original Post) Tuesday, January 11, 2011 As policymakers contemplate how to create jobs in Wisconsin and how to finance state services and local aid, they might want to take a look at A Capital Idea: Repealing State Tax Breaks for Capital Gains Would Ease Budget Woes and Improve Tax Fairness, a new report […]
Labor Notes: New Voice in Wisconsin Protests: No Concessions, No Cuts
January 8, 2013
(PDF of Original Post) Colette Brown| March 2, 2011 With the largest protests in Wisconsin history unfolding, labor activists are drawing on a new sense of power to reject both their union leaders’ concessions and the massive service cuts the governor proposes. A day after 100,000 people demonstrated in Madison—one of the largest protests in […]
American Prospect: Ryan Visits Racine
January 8, 2013
(PDF of Original Post) Wisconsin Rep. Paul Ryan visits one of the most economically depressed towns in Wisconsin, and residents there let him know what they think of his budget plan. Roger Bybee | April 30, 2011 | House Budget Chair Paul Ryan, of Wisconsin, who earlier this month introduced a budget plan that would […]
Richmond Times-Dispatch: States Taxing the Rich: A Very Bad or Good Idea
January 8, 2013
(PDF of Original Post) NEAL PEIRCE © WASHINGTON POST WRITERS GROUPPublished: September 20, 2009 WASHINGTON In a dramatic break from tax trends of recent decades, eight states have voted this year to push up the percentages of income that their wealthiest citizens must pay. Connecticut is the latest to take this step, following Delaware, Hawaii, […]
Salt Lake City Weekly: 9 Reasons the Rich Get Richer
January 8, 2013
(PDF of Original Post) A tax expert’s story on tax myths may not be sexy, but it could arouse you—and not in a good way. By David Cay Johnston Posted // April 13,2011 – For three decades, we have conducted a massive economic experiment, testing a theory known as supply-side economics. The theory goes like […]
Williston Observer: Taxes and the wisdom of our forebears
January 7, 2013
(PDF of Original Post) July 16, 2009 BY BRIAN MILLER One hundred years ago, on July 17, 1909, Sen. William E. Borah, R-Idaho wrote the words, “The income tax is the fairest and most equitable of the taxes. It is the one tax which approaches us in the hour of prosperity and departs in the […]
The Providence Journal: Study suggests eliminating R.I.’s capital gains tax break
January 7, 2013
(PDF of the Original Post) 01:00 AM EDT on Saturday, March 21, 2009 By NEIL DOWNING Journal Staff Writer Rhode Island could save more than $49 million a year by eliminating the favorable tax treatment that the state currently allows on capital gains, a new report says. Rhode Island is one of only nine states […]
MinnPost.com: Minnesota taxes- Where do we go from here?
January 4, 2013
(PDF of Original Post) By Sharon Schmickle | Wednesday, May 12, 2010 Sure, you’ve heard it before: Gov. Tim Pawlenty vetoes yet another DFL bid to close the state’s budget chasm by raising income taxes on high earners. But the tax issue has many lives in this election year when the Independence Party’s gubernatorial endorsee, […]
Forbes: How The Wealthy Plan to Finance The American Aristocracy With Middle Class Dollars
January 4, 2013
(PDF of Original Post) Mar. 11 2011 – 4:57 pm The quest for influence, power and control at all levels of government has long played out through large political contributions and the big bucks paid to lobbyists to accomplish special interest objectives. And while the game has often been ‘rigged’ to benefit the wealthy in […]
Daily Hampshire Gazette: Fair taxation one budget fix
January 4, 2013
(PDF of Original Post) Saturday, March 26, 2011 EASTHAMPTON – The middle class is disappearing in America. We hear it over and over again. Instead of watching helplessly while it slips away, a few brave members of the state Legislature, lead sponsors state Sen. Sonia Chang-Diaz and Rep. Jim O’Day, have filed “An Act to […]
Stateline: Md. ‘millionaire’s tax’ debate is back
January 4, 2013
(PDF of Original Post) TUESDAY, NOVEMBER 24, 2009 By Stateline.org Staff Reports A headline in this morning’s Baltimore Sun — “Maryland lost nearly 30% of millionaires last year” — is sure to revive a debate over the higher tax rates that Free State legislators imposed on millionaires in 2008. At least eight other states this […]
Atlanta Journal-Constitution: Barnes plan: Remove capital gains tax for 2 years
January 4, 2013
(PDF of Original Post) Candidates says break would pay for itself; experts disagree By Jeremy Redmon The Atlanta Journal-Constitution 7:45 a.m. Wednesday, October 13, 2010 Democratic candidate for governor Roy Barnes appeared alongside a pair of local businessmen at a news conference in Midtown Atlanta’s Technology Square this month, trumpeting his plan to revive Georgia’s […]
Oregonian: TAXING THE RICH It’s not class warfare, it’s just common sense
December 21, 2012
(Original Post) The Sunday Oregonian (Portland, Oregon) September 20, 2009 SundaySunrise Edition TAXING THE RICH It’s not class warfare, it’s just common sense NEAL PEIRCE In a dramatic break from tax trends of recent decades, eight states have voted this year to push up the percentages of income that their wealthiest citizens must pay. Connecticut […]
New Haven Advocate: Connecticut Can Still Raise Taxes on the Rich, Even if Washington Doesn’t
December 21, 2012
Original Post By Mark EnglerMay 24, 2011 In 2009, when then-New York Gov. David Paterson signed a temporary tax increase on the state’s wealthiest individuals — one of the so-called “millionaire’s taxes” that have passed in recent years in select states across the country — at least one multimillionaire was not happy. Rush Limbaugh proclaimed […]
Post-Star (NY): Commentary: Anti-tax Governors just getting started
December 21, 2012
Original Post By Matthew Gardner, Executive Director Institute on Taxation and Economic Policy July 28, 2011 Twelve new governors who ran on anti-tax platforms have now signed their first fiscal year budgets. All of them will tell you they were elected with a mandate to get their state’s fiscal house in order, rein in government […]
La Crosse Tribune: Matthew Gardner: Anti-tax govs just getting started
December 21, 2012
Original Post July 31, 2011 COMMENTARY Twelve new governors who ran on anti-tax platforms have now signed their first fiscal year budgets. All of them will tell you they were elected with a mandate to get their state’s fiscal house in order, rein in government spending and cut taxes. Some of them will even tell […]
Huffington Post: Poverty Is Rising, But State Tax Systems Burden The Poor, While Rich Get Off Easy
December 21, 2012
Original Post September 27, 2011 by Tyler Kingkade WASHINGTON — Newly released U.S. Census data reveal that poverty levels have skyrocketed, but in most states, the tax systems disproportionally burden the poor. Most states also impose tax structures similar to what current Republican presidential candidates are advocating, and experts warn these should serve as cautionary […]
Daily Mail: Thirty of biggest U.S. companies paid zero income tax over last three years despite making combined profits of $160 billion
December 21, 2012
(Original Post) Average tax rate for 280 companies in study was 18.5 percent – less than half the statutory rate of 35 per cent Total tax subsidies given to all corporations in report amounted to $222.7 billion from 2008 to 2010 Wells Fargo tops the list, getting nearly $18 billion in tax breaks from the […]
Daily Kos: Thirty American Corporations Paying Zero Income Taxes between 2008 – 2010
December 21, 2012
(Original Post) Thu Nov 03, 2011 at 02:16 PM PDT NetminderElite I know this is probably old news for a lot of us, but if I get one person to realize this for the first time, I’ve achieved what I want. If you are not aware, between 2008 and 2010, thirty large and wealthy American […]
CBS News: Study: Many Fortune 500 cos. paid $0 taxes
December 21, 2012
(Original Post) November 3, 2011 3:00 AM By David Morgan (CBS News) Advocates for reducing U.S. corporate tax rates argue that lower corporate rates charged in other countries impede American competitiveness. Yet a new study finds that many of the nation’s top companies are already paying less in U.S. taxes on their pretax profits than […]
Grist: Energy companies get $24 billion of corporate welfare from taxpayers
December 19, 2012
(Original Post) by Brad Johnson 9 Nov 2011 4:24 PM Chart.Tax breaks and subsidies for energy companies have gotten so extreme that dozens of top companies have made billions in profits while having negative taxes — actually receiving taxpayer welfare instead of paying anything to the federal treasury. An analysis by Citizens for Tax Justice […]
Joy Cardin Radio Show on WPR: Cyber Monday and Internet Sales Taxes
December 19, 2012
Joy Cardin Show on Wisconsin Public Radio – Big Question Segment Program Page November 30, 2011 After a busy Cyber Monday, a plan to collect sales tax on internet sales goes before a Congressional committee today. After seven, Joy Cardin asks her guests this week’s Big Question: do you support the idea of an Internet […]
