Wednesday, February 01, 2012
President Obama's "Buffett Rule," requiring at least a 30 percent effective tax rate on millionaires, was introduced in the Senate on Wednesday. Here's what your tax return could look like if he—or any of the other candidates for president—has his way.
Friday, November 04, 2011
Herman Cain has gotten a lot of attention for his 9-9-9 tax plan, Governor Rick Perry recently unveiled his own flat tax proposal, and there have been numerous presidential candidates who have made a flat tax plan the basis of their campaigns. Joseph J. Thorndike is the director of the Tax History Project at Tax Analysts and a contributing editor for Tax Notes magazine looks at the history of the flat tax, how it compares to our current tax system, and what the proposed flat tax plans would mean for the U.S. economy.
Wednesday, October 26, 2011
When Herman Cain introduced his 999 plan, it put him in the spotlight and helped vault him to the top of the polls. It was just a matter of time before another Republican presidential contender offered something similar. Within days, Newt Gingrich proposed a 15 percent flat tax. Now Governor Rick Perry has responded with a flat tax plan of his own. Perry's plan centers around a 20 percent flat tax, and offers a choice. Taxpayers can either file under the current system, or opt to use Perry's flat rate.