Hedgehog Party

Summary of Steve Forbes' Flat Tax Plan

Steve Forbes promotes the flat tax.

http://www.pbs.org/newshour/bb/congress/forbes_flat_tax.html

Flat tax from Wikipedia

This is a summary of the countries that are implementing flat taxes.

http://en.wikipedia.org/wiki/Flat_tax

A Fair Tax for Progressives and Conservatives

This is an article touting the Fair Tax.

http://blogcritics.org/archives/2007/07/10/231024.php

Tax Loopholes Sweeten a Deal for Blackstone

Wave the magic wand and make the taxes disappear. 

http://www.nytimes.com/2007/07/13/business/13tax.html?ei=5090&en=6739efc5e541fdd3&ex=1341979200&partner=rssuserland&emc=rss&pagewanted=all

Warren Buffett Decides not to Pay Estate Tax

The sage of Omaha is brilliant and rich and generous.  He recently gave away over $30 billion of his fortune.  By this generous act, Warren Buffett, champion of the estate tax, decides not to pay it.  All rich estate tax payers are equal, but some are more equal than others.  If you are worth, say, $10 million upon your death, then you should pay 55% percent of it to the Federal Government.  If you are worth $50 billion, you should not pay the estate tax.  Instead, create a tax exempt foundation...with parameters that you decide...to spend and invest the money.  You can control the estate long after your death.  Clearly, the Federal Government is not qualified to receive estates taxes from large estates.

http://money.cnn.com/2006/06/25/magazines/fortune/charity1.fortune/

Boone Pickens Exploits Katrina Tax Loophole

One of the more egregious uses of a tax loophole to fund something else entirely.  This is a common use of any special deduction or credit by the well-connected rats.  The answer, as always, is to eliminate all deductions and credits. save one, and create a single tax rate for everything.

http://www.usatoday.com/sports/college/2006-08-15-pickens-oklahoma-state-donation_x.htm

Who Pays a 35% Tax Rate?

The managerial class arranges not to pay the high marginal tax rate.

http://news.yahoo.com/s/usatoday/20070723/cm_usatoday/ourviewonincomeinequalitywealthmoneymanagersmakemoregettaxedless;_ylt=Alp4X3clZenemsbqFQlJm7IE1vAI

There is no equity in the Income Tax

This is an interesting article written by a tax and investment expert showing examples of the vagaries and inequities of the Internal Revenue Code.

Wonk

http://www.palisadeshudson.com/sentinel.php?article=57

Froma Harrop Hedge Fund Taxes

Another example of low tax rates for high concentrations of wealth.

Wonk

http://www.chron.com/disp/story.mpl/editorial/outlook/4934185.html

June 30, 2007, 7:31PM
Moneybag Democrats are mighty quiet on this one

By FROMA HARROP

Tax returns 2004 election

The is a summary report of tax return data released by the major candidates in the 2004 election.

http://www.cbsnews.com/stories/2004/04/13/politics/main611620.shtml

(CBS/AP) President Bush and Democratic presidential candidate Sen. John Kerry have released their 2003 income tax returns.