tag:ctj.org,2012-06-01://17 2013-05-08T15:37:46Z Movable Type Pro 4.38 tag:ctj.org,2013:/ctjinthenews//15.9756 2013-05-17T20:38:37Z 2013-05-17T20:39:30Z

Citizens for Tax Justice tag:www.ctj.org,2013:/taxjusticedigest//1.9740 2013-05-16T20:02:22Z 2013-05-16T20:11:51Z

First it was Mitt Romney, and now two more aspiring public servants are in the spotlight for questionable tax maneuvers - Penny Pritzker, President Obama's Commerce Secretary Nominee, and Massachusetts Republican Senate candidate, Gabriel Gomez. The complex tax avoidance strategies exercised by both these two candidates for federal office demonstrate the stunning extent to which wealthy individuals of all stripes can play by a different set of tax rules than everyone else.

Citizens for Tax Justice tag:www.ctj.org,2013:/taxjusticedigest//1.9738 2013-05-16T15:27:05Z 2013-05-16T15:36:43Z

ITEP found that flattening of the income tax would overwhelmingly benefit Virginia's most affluent residents, even as Virginia's wealthiest taxpayers already pay far less of their income in state and local taxes than their less well-off neighbors. Lower and moderate income families are least likely to benefit from this cut, and the Cuccinelli plan runs the risk of actually raising taxes on a significant number of Virginians because "loopholes" of the non-crony-capitalism kind that benefit moderate income families would likely have to be reduced to pay for the larger rate cut. Among the middle 20 percent of taxpayers, a majority (71 percent) would see their state income taxes fall, but by an average of just $98 per year, while the top 1 percent of earners alone would take home a full 27 percent of the benefits, for an average state tax cut of over $8,000 per household.

Citizens for Tax Justice tag:ctj.org,2013:/ctjinthenews//15.9737 2013-05-15T17:58:08Z 2013-05-15T17:59:36Z

Citizens for Tax Justice tag:ctj.org,2013:/ctjinthenews//15.9736 2013-05-13T17:55:00Z 2013-05-15T17:57:48Z

Citizens for Tax Justice tag:www.ctj.org,2013:/taxjusticedigest//1.9735 2013-05-15T16:50:11Z 2013-05-15T17:37:12Z

Think tank warns surpluses are fleeting, and California and Wisconsin wonder about spending theirs. Kansas seems bent on eliminating its income tax, and Colorado seems destined to restore credits for working families.

Citizens for Tax Justice tag:www.ctj.org,2013:/taxjusticedigest//1.9734 2013-05-15T14:54:16Z 2013-05-15T15:02:38Z

The bill the legislature will now send to Governor Nixon is a regressive income tax cut package. Assuming Nixon, a Democrat, does veto this expensive tax package (its annual cost will be upwards of $700 million), the Republican-controlled legislature will put an override on their agenda when they return in September for a special veto session.

Citizens for Tax Justice tag:www.ctj.org,2013:/taxjusticedigest//1.9733 2013-05-13T21:41:43Z 2013-05-13T21:50:29Z

Senator Rand Paul of Kentucky, an opponent of efforts to crack down on offshore tax havens, is stepping up his efforts by introducing FATCA repeal, and is extending his help to tax-dodging corporations by proposing a repatriation amnesty...

Citizens for Tax Justice tag:www.ctj.org,2013:/taxjusticedigest//1.9732 2013-05-13T16:17:26Z 2013-05-13T16:28:55Z

A return-free tax system is more than just theoretical. The reality is that 36 countries like Germany, Japan and the United Kingdom already use a return-free filing system to greater or lesser extents. In fact, you do not have to look any further than California, which uses this approach in its ReadyReturn program. According to a study of ReadyReturn, participants in the program spent about 80 percent less time filing and had an error rate of a tenth of the level of comparable taxpayers. While return-free filing gets accolades from across the political spectrum, however, it has some powerful opponents thwarting its implementation in the US...

Citizens for Tax Justice