Flattening business taxes

MTP2011011820110623 Federal Income Tax (Law)

NPR: White House Looks to Change Business Taxes

The Obama Administration wants to cut corporate tax rates but maintain income by eliminating deductions, flattening the way business taxes work. This is good news for industries with ineffective (or non-existent) lobbying groups, because they’re shouldering burden for industries that have gotten favors for themselves enshrined in the Code.

Around the Web, Tax Policy

Is income tax really the problem here?: The TaxProfBlog has a post from Prof. Jim Maule of Villanova Law School, who has observed that the date-bidding services on WhatsYourPrice.com, on which "generous" people bid for dates with...
Foul ball: A few interesting things about this story from the Houston Chronicle: first all tax lawyers tell corny jokes ("...you have to pay in dough," yuk, yuk, yuk); second, the reporter...
Gifts to the United States: Stephen King appeared at a rally recently and said that his tax rate as a "rich person" is 28%, but he thinks it should be higher. One enterprising author suggests...
Of all the fringe benefits to complain about...: When the government taxes income, there is always a little back-and-forth about what constitutes 'income.' Does my use of a University laptop in the evenings at home constitute a taxable...
Most don't cheat on taxes: The Today Show's Life Inc. blog reports that most Americans don't cheat on their taxes, and for most taxpayers, it is personal integrity rather than the threat of an audit...