President Obama’s “Little Bit More”

By: alanjoelny (Diary)  |  April 15th at 10:59 PM  | 

In preparation for a talk to a group of financial people, I had to put together some numbers regarding President Obama’s “little bit more” that he has asked “the wealthiest among us” to pay. So I calculated the additional federal income taxes a high earner will pay in 2013 vs what one would have paid on the same income for 2012, The increases are caused | Read More »

Britain’s New “Get-Rich-Quick” Scheme

By: alanjoelny (Diary)  |  August 29th at 09:23 PM  | 

Because the first one didn’t work. Several weeks ago, I reported that Britain’s plan to raise additional government revenue by levying higher income taxes was a failure. British officials were shocked! that hiking the rates of the wealthiest citizens to 50% resulted in less tax collected. As CNBC reports, Britain has already hiked taxes on the rich to 50 percent but amid a weak economy | Read More »