Tag: ‘business taxes’

Tax Subsidies May Not Help Start-Ups as Much as Lawmakers Think

By :: February 9th, 2015

Many tax subsidies help new businesses, especially those financed with borrowed money and organized to avoid the corporate income tax . However, large numbers of start-ups may not benefit from this largess, according to a new study by my Tax Policy Center colleagues Joe Rosenberg and Donald Marron. Startups   and those that lose money in […]

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The Year in Taxes: From the Fiscal Cliff to Tax Reform Talks

By :: December 12th, 2013

The year in taxes started with the nation toppling, briefly, over the fiscal cliff. And it ended with some interesting policy proposals on tax reform though little political progress. Remember the fiscal cliff? While that crisis was resolved on New Year’s Day, it really began in 2001, when President George W. Bush signed the Economic […]

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Obama’s New Corporate Tax Offer is Another Dead End

By :: July 30th, 2013

In a speech today in Chattanooga TN, President Obama made congressional Republicans an offer they could refuse. And they did.  By doing so, Obama may have quashed the last shred of hope that tax reform can happen before the 2014 congressional elections. In what the White House pitched as a new idea, Obama offered to […]

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Why the IRS Should be Taxing the Profits of Private Equity Funds as Ordinary Income

By :: February 4th, 2013

For years, the battle over carried interest has focused on how to tax the compensation of private equity managers. But a careful reading of  the law suggests that all the business profits of these investment firms, not just the pay of their managers, are ordinary income, and should be taxed that way. Until now, the […]

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New Ways to Think About a Tax on Public Companies

By :: December 30th, 2012

Suppose someone proposed a special tax on businesses that make their ownership shares publicly available in affordable, easy-to-sell units. Such an idea would probably generate a lot of push-back. Efficiency advocates might complain that it taxed the very attributes that make equity markets efficient. Progressivity advocates might object on the grounds that it taxed those […]

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“Corporations are People” But Which People?

By :: August 12th, 2011

In a shouting match with a demonstrator at the Iowa State Fair yesterday, GOP presidential hopeful Mitt Romney argued against raising corporate taxes, asserting that “Corporations are people.” He’s right, of course, in both the legal sense—the law treats corporations as if they are people—and in the economic sense—what happens to corporations affects people. Corporations […]

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