From the tax point of view it's not such a bad idea to run a museum as a for-profit venture.
The tax point is true to some extent.
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Online-only retailers are exploiting a massive loophole by not collecting the sales tax at the point of purchase despite the fact that the tax is still due.
This is on top of the current 15% payroll tax, and in addition to a new 2.5-percentage point tax on individuals who don't buy health insurance.
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The tanning tax could be a case in point, since tax collections have evidently been quite small.
He found the money by dropping the government's plan to cut company tax by a percentage point, a promise linked to a new tax on mining profits.
The Temporary Payroll Tax Cut Continuation Act of 2011 keeps alive the two percentage point payroll tax cut we had in 2011.
The 2 percentage point tax increase has reduced tax-home pay for nearly all Americans.
The same beer is then reimported to the UK, with the fraudsters failing to pay tax at that point.
Annuity payments can be deferred until retirement or advanced age, at which point tax would be due on the income component of the annuity payments.
Portugal has increased its value added tax by 1 percentage point across all categories, while increasing the top marginal tax rate by 1.5% on top earners and by 2.5% on corporations.
"Online and mail-order retailers should collect sales tax at the point of purchase, too, so there will be a level playing field, " says Jason Brewer, a spokesman for the Retail Industry Leaders Association, which includes nine of the 10 largest merchants.
Over the past 80 years, despite multiple movements in marginal rates up and down, the top 1% of earners paid an ever-increasing share of the total Federal income tax burden reaching its highest point at 40% after the Bush tax cuts and most recently representing 38.7% of total Federal income tax in 2009.
Last week, Italy increased the value added tax a full percentage point to 21%.
As Colbert told Louis XIV, at some point the tax authorities have to start listening to the geese.
House Republicans yesterday voted down the Senate's two-month extension of the two-percentage-point payroll tax holiday to 4.2% from 6.2%.
Starting on January 1, high income taxpayers will have an additional 90 basis point Medicare tax on wages that exceed a certain limit.
Finally, all workers will lose the temporary 2 percentage point payroll tax cut that was first enacted as part of the 2010 stimulus.
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Regulators are supporting new trading systems but a 30-basis point stamp tax, payable by the seller, is likely to more than compensate for official words of encouragement.
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Unemployment is at 9.5% and rising, but Democrats will nonetheless impose a new eight percentage point payroll tax on employers who don't provide health insurance for employees.
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He believes that providing this kind of certainty -- at least for the next year -- for middle class families -- we can have a longer debate about how to handle tax reform past that point.
But during the December 23 pro forma session, the Senate overrode the prior unanimous consent agreement by unanimous consent to allow the Senate to pass a temporary extension of the temporary 2 percentage point payroll tax reduction.
And if they can manage, in one of their reports, to grasp the most basic point about tax incidence, the simple and classic economics of taxation, then the rest of us should be able to do the same.
The issue is those among the other 99% that are envious of the 1% and convert that envy into malice, making the bogus argument that the wealthy are evil because of their wealth and that the only way to deal with them is to tax them to the point they are no longer wealthy or just to murder them.
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The key, say most players, is to come up with a moderate plan that takes the tax structure and simplifies it to the point that remote sellers can comply with interstate tax requirements while fulfilling the bottom lines of state and local governments.
There are sales tax management services available at every price point, including free, and they can handle every aspect of sales tax collection, from calculation to remittance.
Most students of economics are familiar with the Laffer curve, named by Dr. Art Laffer, which demonstrates how higher taxes do not necessarily mean a higher tax yield, with there being a point (the peak of his curve) after which total revenue falls when the tax rate increases.
The whole point of a tax reform is to make things better, not worse.
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