Archive for the 'taxes' Category

Stop the tech millionaire tax cut!

Merriam’s Kitchen linked this from their twitter account.

On Wednesday, the DC Council will consider legislation that would cut the tax rate for investors to just three percent when they invest in DC technology companies. That’s lower than tax rates paid by working District residents. DC cannot afford basic services for DC’s most vulnerable residents, like shelter for the homeless and assistance for needy families, and should not cut revenues even further by cutting taxes for wealthy investors – especially when theire is no evidence that such tax breaks provide any economic benefits.

Join the fight now by letting the DC Council know that you don’t support tax cuts for tech millionaires!

Debunking conservative talking points on the corporate income tax

Tax Tricks: Is Corporate Income Taxed Twice?

Conservatives claim that income from corporate dividends is “taxed twice” — first when the corporation pays its taxes (if it does pay taxes), and then when the recipient of dividends pays taxes on that income.

They don’t claim, however, that when you pay your plumber the plumber shouldn’t have to pay taxes because you already paid taxes on your income. That’s different, I guess, because you and your plumber both have to work. Income from working has no such considerations of favor.


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