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Logo3 Merry Christmas and Happy New Year

NEW - In 2016 the 2-4-8 Tax Blend will become 2-4-8 Tax Choice
The "choice" would allow all taxpayers to choose an income tax rate between 8% and 28% paired with a net wealth tax rate of 2% going down to zero. Wealth taxes paid would reduce Estate and Gift taxes (also set at 28%). This would encourage wealthy individuals to pay some net wealth taxes as a form of inexpensive life insurance.
  Wealth
0%
0.5%
1%
1.5%
2%

Income
28%
23%
18%
13%
8%

Business
C - Corp
4% VAT
8% Income
   


January to March 2012

In The News and the 2-4-8 Response

March 2012

Code Penalizes Success - Small business owner argues in favor of consumption tax - Fair Tax

Washington Post, March 30, 2012, “The tax code is too complex and penalizes success”, by Brian Stein.

Tax Reform is Hard - popular tax expenditures make it difficult to reform the tax code

Slate, March 26, 2012, “Tax Reform is Really Hard” by Matthew Yglesias.

Tax More Work Less? - the rich pursue tax avoidance strategies rather than altering their economic behavior

Wall Street Journal, March 26, 2012, “Do the Rich Work Less as Their Taxes Increase?” by Robert Frank.

Two Page Tax Code - the US tax code is so corrupt that any symplified reform would be better

CNN World, March 24, 2012, "Zakaria: America needs a 2 page tax code" by Fareed Zakaria.

God Taxes Wealth - Jewish and Christian lessons about taxation in bliblical times

Huffington Post, March 8, 2012, “Memo to Presidential Candidates: Redistribution of Wealth Is a Divine Commandment” by William O’Brien and "Purim and Taxes: Paying Civilization's Price" by Ari Hart.

Reform Will Happen - After the November elections the entire tax code will be in play

Wall Street Journal, March 5, 2012, “Tangled Tax Code Primed for Pruning” by John D. McKinnon.

February 2012

Not Social Security

US News, Feb. 29, 2012, “Obama, Romney, Santorum, and Gingrich Fall Short on Tax 'Reform'” by Anthony Davies.

Buffet on Wealth Tax

CNBC, Feb. 27, 2012, Warren Buffet would accept a tax on a person's total wealth: “… I’d Buy Up Millions of Single-Family Homes If I Could” by Alex Crippen.

Reform Inevitable?

Los Angeles Times, Feb. 27, 2012, “Former Obama aide Lawrence Summers says tax reform is inevitable” by Jim Puzzanghera.

Efficient, Simple and Fair

Financial Times, Feb. 26, 2012, Editorial: “The tax debate America needs”

Fair Share Myth

The Daily Caller, Feb. 24, 2012, “The ‘Fair Share’ Myth” by Joseph F. Petros III.

Obama Corporate Tax

NY Post, Feb. 24, 2012, “Reform Poison, O’s corporate-tax plan: Just the same old tricks” by Charles Gasparino.

Romney Tax Reform

Wall Street Journal, Feb. 23, 2012, “A Tax Reform to Restore America’s Prosperty” by Mitt Romney.

Tax Code Principles

New York Times, Business Day, Feb. 21, 2012, “Tax Code Not Aligned with Basic Principles” by Bruce Bartlett.

Ryan Tax Reform

US News, Feb. 16, 2012, “No Turbo Tax for House Budget Chairman Paul Ryan” by Lauren Fox

Retirement Plans

Advisor One, Feb. 16, 2012, “No Tax Reform Without Incentives for Retirement Savings” by Melanie Waddell.

Capital-Gains

Bloomberg, Feb. 16, 2012, “Two Tricks to Raising Capital-Gains Taxes Fairly by Ray Madoff.

Manufacturing

Politico, Feb. 15, 2012, “Obama, in Wisconsin, talks tax reform” by Donovan Slack.

Social Security

The Washington Post, February 15, 2012, “Obama’s budget guts the government”, by Robert J. Samuelson.

Big Tax Lies

The American Prospect, Feb. 14, 2012, “Three Big Tax Lies”, by David Cay Johnston.

Wealth Gap

Mother Jones, Feb. 13, 2012, “It's the Wealth Gap, Stupid, Why the truly alarming economic trend is not income inequality”, by Reid Cramer.

Progressive Tax Theory

Forbes, Feb. 13, 2012, "Progressive Income Tax Theory: How Much More Can The Rich Be Taxed?" by Matthew Campione.

New Flatter Tax Plan

Governing, Feb. 9, 2012, "Could a Flatter Federal Tax Plan Actually Work?" by Giraid Miller.

Wealth Tax for Facebook

Reuters, Feb. 8, 2012, “Mark Zuckerberg and the case for a wealth tax“ by Felix Salmon.

Purple Tax Plan [Parody]

The Huffington Post, Feb. 7, 2012, "The Purple Tax Plan", by Professor by Lawrence J. Kotlikoff.

Tax Reform Not Likely

FoxNews.com, Feb. 6, 2012, "Tax reform in this election year: It's not likely", By Tom Raum.

Corporate Tax Charade

The Kansas City Star, Feb. 4, 2012, “Commentary: Obama's corporate tax charade”, by E. Thomas McClanahan.

Tax Justice

Verdict Justia.com, Feb. 3, 2012, "The Buffett Rule ... an Important Step in the Right Direction", by Neil H. Buchanan.

Class Warfare

The Washington Post, Feb. 2, 2012, "Warren Buffett’s ‘nuclear bomb’", by Susan Brooks Thistlethwaite.

January 2012

Tax Reform always Fails

The Washington Post, Jan. 31, 2012, "Major tax reform: Why it always fails", by Robert J. Samuelson.

Low-Rate Flat Tax

Wall Street Journal, Jan. 31, 2012, "Why Gingrich's Tax Plan Beats Romney's", by Arthur Laffer

Wealth and Tax Reform

Bangor Maine Daily News: Jan. 26, 2012 Editorial: “Wealth must be tied to tax debate”.

Wealth Incentives

Forbes: Jan. 23, 2012 Dean Zarras discusses why Romney and Buffet need tax rewards for wealth creation.

Debunk - Constitution - Retirement

TownHall: Jan. 17, 2012 Daniel J. Mitchell tries to "debunk" any conservative case for taxing wealth.

Timid on Tax Reform

Kudlow: Jan. 12, 2012 Mitt should start exciting the country on tax reform; 2-4-8 Objections to the "Fair Tax".

Private Business Valuation.

Wall Street Journal, Jan. 11, 2012: The Wealth Report by Robert Frank questions valuation process for private business.

Conservative Case

Wall Street Journal, Jan. 9, 2012: Stanford Professor suggests 3% Net Wealth Tax as "Conservative" tax solution.



 
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