Posts Tagged ‘taxes’

What the Tribune missed

iTax Dodge protest

image from Michael Casey via flickr (cc)

Last year the remnant of the Chicago Tribune requested ideas for elements of a new “Plan of Chicago.” They even posted a few of the responses on their site. I suppose some were included in the hardcopy newspaper too.  But those don’t seem to have included my submission, so I probably ought to post it here.

My proposal, of course, relates to how public revenue is raised.  The protesters pictured on the right probably wouldn’t realize that it relates to their concerns, and would almost certainly cause Apple to make a greater contribution to local coffers than they do now. But it wouldn’t increase any corporate tax rate nor prevent Apple from playing accounting games.  It doesn’t need to.

Here’s the proposal as submitted on October 24 2013: (more…)

Update on Consumer Taxes

The Civic Federation has updated their compilation of Chicago consumer taxes, noted last year.  This includes the additional 1/4% RTA sales tax effective April 1, but not the Cook County sales tax increase going into effect later.

Ricardo's Law: The Video

Fred Harrison now has a youtube video version of his Ricardo’s Law, which explains how a “progressive” income tax actually traps the poor and benefits the rich. Mairead Sullivan, Ben Kettlewell, Ross Ashcroft, Ben Holland, and Megan Campbell are also credited on the project.

If you only have 8 minutes to spend learning about this stuff, or as an introduction, the video is recommended.

update Feb 26: The youtube link is changed above.  Also there is an alternative link.