My post on Tuesday, On California’s Shifting Tax Burden, cited a recent Los Angeles Times story claiming taxes paid by California businesses have been shrinking over the last 30 years. It attracted expected responses from some of my business-owner friends with counter-claims of their own. As a business owner myself, I’m certainly not feeling under-taxed. [...]
Last week, I looked at the federal taxes we pay (Economic Concerns…and Taxes) as well as a humorous illustration of our progressive tax system. Today? How about who pays what in California? A story published in Sunday’s Los Angeles Times tells us (Tax Burden for California Businesses? In Reality, Not That Bad, October 24, 2010). It [...]
Our Tax System explained in Beer. Here’s a classical explanation of our tax system (kinda of connected to my last post, Economic Concerns…and Taxes). Given all the current talk about which taxpayers deserve not to have their taxes raised, let’s dust this off. Suppose that every day, ten men go out for beer and the [...]
Today’s post offers points to ponder. It’s no surprise with the seemingly never-ending recession that economic issues dominate the public mood. Austerity is the current rule in our personal lives, which is perhaps why so much concern exists over the explosion of public spending. The inevitable conflict is the amount of taxes demanded of us, [...]
