Taxation






British economist Arthur C. Pigou, friend and contemporary of beloved John Maynard Keynes, eventually not only came around to the Keynesian logic, but also expanded on the common-sense philosophy to promote social balance…


Via Wikipedia and TruthAttack.org:

Tom Cryer was an attorney in Shreveport, Louisiana who was charged with and later acquitted of willful failure to file U.S. federal income tax returns in a timely fashion. In a recent case in United States Tax Court, Cryer contested a determination by the U.S. Internal Revenue Service that he owed $1.7 million in taxes and penalties. Before the case could come to trial, Cryer died June 4, 2012. He was 62:







Interesting point of view from Jeff Klein on Counterpunch: It’s hard to miss the higher cost of gas every time we fill up our cars these days, but the News Media doesn’t…



PrayerTrine Tsouderos reports in the Chicago Tribune:

Thanks to a $374,000 taxpayer-funded grant, we now know that inhaling lemon and lavender scents doesn’t do a lot for our ability to heal a wound. With $666,000 in federal research money, scientists examined whether distant prayer could heal AIDS. It could not.

The National Center for Complementary and Alternative Medicine also helped pay scientists to study whether squirting brewed coffee into someone’s intestines can help treat pancreatic cancer (a $406,000 grant) and whether massage makes people with advanced cancer feel better ($1.25 million). The coffee enemas did not help. The massage did.

NCCAM also has invested in studies of various forms of energy healing, including one based on the ideas of a self-described “healer, clairvoyant and medicine woman” who says her children inspired her to learn to read auras. The cost for that was $104,000.






Ten U.S. Senators are now proposing a “Marketplace Fairness Act,” which creates a new system letting states collect sales taxes from purchases made online. “It’s about closing a tax loophole,” said Senator…




Harrisburg, PAAmerica (in this case, Pennsylvania), Fuck YA! AFP via Google reports:

Pennsylvania’s state capital Harrisburg has declared bankruptcy, according to a court filing seen on Wednesday, raising the specter of a string of local defaults across the United States.

The city — whose finances have been ravaged by the costs of upgrading a once-mothballed trash incinerator — filed late Tuesday to seek protection from creditors. The city reportedly owes around $310 million.

According to the Bankruptcy Court filing, Harrisburg has between one and 49 creditors. It also reported a roughly equal amount of assets and liabilities, in the range of $100-500 million.

The state of Pennsylvania had tried to force Harrisburg to sell off those assets in order to pay bondholders, but the city council reportedly voted by a margin of four to three on Tuesday to opt for bankruptcy. The result is a rare, but not unexpected, US municipal bankruptcy amid a faltering economy.



Eat The RichInteresting points from TechCrunch founder Michael Arrington:

Tax the rich. Those bastards.

I get why people who aren’t rich hate those that are. No one really cares what they have, they only care what they have relative to others. When there is inequality, and there always is, even the hyper intelligent call for a redistribution of wealth. It’s an enduring longing for us as a species, and no evidence to the contrary will convince people it just doesn’t work in any large group.

What I really didn’t understand until recently though is why so many rich Americans seem to loathe their richness as much as everyone else does. Many in Silicon Valley want to tax the rich into the middle class and let government spend and spend and spend. The super rich tech elite flock to Obama, joining in the call to screw the rich as loudly as all the rest.

Then I figured it out. As I wrote then, the super rich won’t mind at all if we “tax the rich” as it’s currently defined. That’s because people who are super rich don’t really pay taxes…