SmartMoney Blogs

The Tax Blog
The latest news, insights and tips about taxes

Geithner’s Take on Corporate Tax Reform

The Wall Street Journal’s David Wessel spoke to Treasury Secretary Timothy Geithner about corporate tax reform after the State of the Union speech earlier this week. (Read the entire Q&A here.)

For the most part, Geithner emphasized the administration’s insistence on offsetting the corporate rate, now 35%, by eliminating deductions, credits and incentives, not by raising revenues with higher taxes on businesses.

According to the story, “He wouldn’t say if the administration wants to move from taxing multinational corporations’ global profits and instead tax only domestic profits, as most other countries do and as U.S. business wants. But he said a “level playing field” is a major goal.”

Echoing Tax Guy Bill Bischoff’s recent blog post about how lower corporate tax rates would boost business, Geithner said he believed that lowering rates and eliminating the distortions in the present system, would help fuel growth because “it allows business to compete on the basis of performance and return rather than on their ability to get or protect special provisions in the tax code.”

Some experts believe that reforming the corporate tax system by reducing the overall corporate tax rate is exactly what’s needed to get more American companies to locate facilities in the U.S. and not move them overseas.  (Bischoff recently wrote that corporate tax rate cut would spur job growth.)

Geithner wouldn’t say whether there was any willingness consider a shift away from the current system, in which multinationals are taxed on their world-wide profits, to one where they’re taxed only on their U.S. profits, according to the Q&A.  The key here is that U.S. companies are only taxed on that profit now if they bring profits from those offshore operations back to the U.S.  Geithner said there was a desire to reduce the incentive to invest overseas and increase incentives to invest in the U.S.–and overall, to put U.S. firms on a level playing field with foreign competitors.

Readers, what kind of corporate tax reform do you think we need? And what do you think will actually happen?


We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 8)

View all Comments »
    • By WebOsPublisher

      Site description
      diablo 3 pay to play
      diablo 3 pay to play
      Site slogan
      New blog
      Callaway Diablo Edge Iron Evaluation2011-10-210 commentsYou can add items from the left menu by dragging them here.
      The Callaway Diablo Edge Irons are extremely comparable. Similar appears to be like not only in the way theclub appears at tackle, but also in coloring make for the comparisons, but then again, this is the Major Bertha”replacement” line. Diablo Edge functions a strong mid-dimensions head and fairly attractive shape and search. It definitely doesnot appear cumbersome and the polished stainless steel gives it a really classy seem for a recreation advancement iron. Identicalto the Diablo Edge Hybrids, the center of gravity is really very low and incredibly deep to offer an easyto hit club that hits the ball large with extremely small energy. Also a distinctive sole style gives the peoplethe capability to hit the ball from just about any lie with little problem or fear from getting caught upin the tough. diablo 3 blizzcon “I love the thought of acquiring further points for firing atthe difficult flags,” states the flamboyant Daly – a double major champion. “This PowerPlay Ignition is heading to be atrue blast and I can not wait to get out there and give it a rip. “.As verywell as the existing US Open up champion and the pin-up woman of the women’s planet golf, Daly will bejoined by Paul Casey, Ian Poulter, Helen Alfredsson, Gary Player and one particular of Wales’ favourite sons, the 1991 USMasters champion Ian Woosnam. As I mentioned just before, these clubs genuinely do look superior when you setthem down. There is a bit a lot more offset than say the X-22 irons, but not plenty of addedto make them search terrible. These price reduction golf clubs are intended for the mid to large handicap player andtheir search and design and style are intended for that purpose so we should not be expecting them to searchlike a players club! It is the polished complete that really helps make these clubs stand out on the shelfand offers a tiny much more self-confidence to the player seeking down at this kind of a excellent wanting clubhead! Hitting these irons have been just like hitting the hybrids. Large and straight with a minor draw.Hitting from the tough or fairway I acquired the similar ball flight and general, the ball flight is much betterthan any earlier iron they have built for the weekend golfer. The corporation has re-created it really is hosel technologicalinnovation and this contributes to the slight transform in ball flight. The veteran uniflex shaft fits well into the clubhead and helps make for an over-all stable iron.I would say to give these a try out ifyou are seeking for a solid, typical charge set of clubs for this Summertime. There are, as often, a lotof custom made alternatives offered to you by Callaway and as often, I do advise you get appropriately fitted bya processional in advance of earning a obtain.
      Filed under: uncategorized Leave a commentShooting On the web Video games – Go Gun Nuts2011-10-180 commentsYou can add items from the left menu by dragging them here.
      The Earth Large Net is a position in which you can discover hundreds of video games and other entertainingpoints. You can quickly play them using Flash and sometimes Java technology. This will enable you perform your preferred onesanytime you want. In the presence of so several excellent ones on-line, shooting and gun mad ones have genuinely manufacturedtheir mark. This is a video game liked by everybody irrespective of their age. Be it a kid or hisgrandfather, each and everybody enjoys them. They are really entertaining and interactive which makes them so well-known that folks fromall walks of life get attracted to them. They offer you much much more than just pleasure and suspense. Andthat is animation and graphics which truly add to the enjoyment and realism. Java or Flash programs are frequent andreadily available in everyone’s Personal computer presently which can make them a revolution.The gaming technologies is strengthening andchanging for a much better tomorrow each day. Hundreds of video game manufacturing firms contend with every single other andproduce the best and most advanced shooting ones each now and then. This soaring competitors among these businesses proves tobe an edge for the users. They get finest ones with good animations inside their funds. Men and women cansimply attain them which is a single much more rationale of their popularity. This also stands as a testimony totheir immense attractiveness. The finest matter about them is that if you really don’t want to acquire a CD ofyour favorite one particular, you can play it on the web anytime! diablo 3 You can attain the objectivein an online one particular with a crew chosen by oneself.All you require is a laptop or computer,keyboard and world-wide-web link if you want to perform these amazing thrillers on the web. There are different types ofthem on the net. Some of them need to have you to use the mouse and keyboard. Additionally, you getvarious situations to cope with in distinct video games. In some scenarios, of you are required to realize a particularmission while in some others, you can win just by killing the enemies. For fantastic animation and a fantasy worldsearch, you can go for the ones wherein getting a spaceship, you have to shoot the meteorites and other targetsin room.So permit the enjoyment and thrill start off! Let us see in which this revolution requires everyone particular of us! diablo 2 vista The globe of creativity is right here to conquer our hearts. Enteryour world of imagination now!
      Filed under: uncategorized Leave a commentFlash Games Advancement – Flash flex Games for Enjoyment & Wonderful Profits Generators2011-10-140 commentsYou can add items from the left menu by dragging them here.
      Gaming kinds have changed like other items in the human lifestyle in this know-how oriented age of time. Gaming isnot only thrilling for the children but all age team people today get pleasure from this universal entertaining giving activityby using their respective methods.In the recreation development business, presently flash primarily based games are in trends asmost of the sport lovers are computer making use of masses all more than the world and video game advancementby using flash technologies is on its rise. Although there are numerous technologies can be utilized for the advancement oflaptop or computer video games but designers are exhibiting far more interest in flash game improvement. Flash video games arefinding well-liked as they are able of drawing awareness of the people as effectively as they are freely obtainable onthe internet to perform on the net and down load diablo 3 wallpapers. Flash games can be played onmobile, desktop & browser. For working the flash video game on browser it calls for flash player, to play oncell it involves Flash Lite Player and there are few functions in the flash based video games which can notbe employed in the mobiles which can quickly operate working with desktop and browser.In the recreation creating sector,trend of free on the internet games is on rise flash designers are more hunting for the new ideas ashuge recreation producing organizations are asking to contemplate and to produce in flash media animation in order to provide cost-freevideo games. Those designers who desired to generate funds by selling, advertising and marketing & distributing the games on thenet have to get license from big video game establishing businesses. Most of the instances businesses use to make accessiblethe video games for cost-free to gather visitors on web page, right after displaying and letting it to use forcost-free, individuals make serious visits to pages and generate revenues by clicking & creating buy of merchandise. By this wayon the internet video games are utilized for just attracting the customers to make buy of other solutions.Thereis another two preferred techniques of earnings generation as a result of flash video games financing in which each socialgathering these kinds of as designer and financer gets respective rights demon hunter diablo 3. Edition foundation financing inwhich financers use to pay out the sport developer/designers for their products branding on each and every edition of thevideo game including games might be branded with financer’s brand and other on the internet marketing and advertising & advertisingmaterials. In some circumstances financer use to have all rights on the game, these as financer can distribute the sport,edit the code for the game and also declare to be operator of the game. Secondly financer can sell allthe rights to him for recreation branding accept developer/designer of the recreation can claim ownership, do editing, take part indevelopment contests and has rights to promote the companies within the sport alone.
      Filed under: uncategorized Leave a commentOn the net Games Boost your Self-confidence in Taking part in2011-10-120 commentsYou can add items from the left menu by dragging them here.
      With these video games, you can undoubtedly enhance your self-confidence, due to the fact these will definitely require youto be solid in facing lots of troubles. On the web games are not really basic to play, most particularlyto these who are not utilised to taking part in personal computer perform-offs. A lot a lot more to thesefolks who are not that well-informed in employing personal computer gadgets. Consequently, commencing in this kind of pastime actually requiresguts. New avid gamers ought to build confidence inside of by themselves that they can endure troubles. Takingpart in pc play-offs on the net will make you move various ranges with diverse degree of problems. Given thatthese factors are held as video games, consequently it is just normal for them to possess difficult amounts. Keep inmind that they are not able to be referred to as as video games if they are not supplying problemsto gamers. Truly, the issues brought by players are the ones that can make these plays exciting. Aimingto surpass issues introduced by gaming is genuinely pleasurable. If you intention to complete an on-line sport, you would actuallydo your finest to survive in all the amounts. The mere reality that you are carrying out your best canmake you joyful, most particularly if you attain your purpose of finishing the video game. But, if you will notwin, you even now truly feel the happiness that you actually tried using and you did your very best towin it. Conceivably, this is not the proper time for you to finish it. Maybe you will need much moreapply to formulate much more methods and to be far more acquainted with the recreation mechanics. But, you do nothave to get worried since with free online video games, you can play as many moments as you want. Youcan perform your favorite game frequently until you win it. It is really a major edge to perform on thenet games for totally free, as you do not have to invest major quantities of dollars to access them. Youjust want to spend a tiny sum of energy in finding no cost on the internet games. Gamers can simplysee a variety of video games for free of charge in the World-wide-web. By just accessing various gaming internet sites,a good deal of on the web video games can be accessed quickly. Commonly these perform-offs do not desire manynecessities to players prior to they can perform on the web video games. They can play by just clicking thevideo games that they like. They can perform various play-offs even for lengthy several hours just by accessing gaming websites. There are numerous gaming sites that are showcasing motion games diablo download free. These sorts of on thenet video games are more challenging hence they can definitely convey exciting, most specifically to individuals avid gamers who takepleasure in facing problems. Players can also create self-assurance in going through new issues in playing additional advanced perform-offs./as lengthy as they want with on the web games that are available for totally free consequently they can undoubtedlyhasten their gaming techniques.
      Filed under: uncategorized Leave a commentFlash Video games — Are They Truly Excellent2011-10-110 commentsYou can add items from the left menu by dragging them here.
      Laptop or computer video games have became really well-liked in todays technology entire world. Particularly children and adults areplaying these video games in a wonderful way. In accordance to a current survey executed by an impartial research agencyin United States of The united states, it is been observed that far more than sixty % of grownups arespending practically ten several hours a week in enjoying video games. And in accordance to the same investigation, the timeusage is likely to improve by one more 60% each and every year in the coming four years. Even therising markets like INDIA and China are also catching fairly quick in this arena. So, the gaming sector is reallybooming.Flash, a merchandise from Macromedia can be utilised in a incredibly terrific way to plan video games. href=”” Flash games are also really common all about the planet. Flash games are primarily well-known in the casualvideo games arena. Flash can be utilized in a extremely considerable style to design graphic abundant and interactive Flash videogames. On the other hand, to make games, which are quite critical, flash was not a great option. But, thetime has altered very a great deal. Flash seven, the new version, also termed MX 2004 at retail,is a modern interactive platform. Macromedia is betting on its strength to style huge flash video games. It has aextremely effective layout and animation authoring tool, an object oriented type safe and sound dynamic scripting engine, bitmap rendering withanti aliasing and sub pixel precision, and advanced video and audio playback attributes. These attributes are proving truly remarkable anduseful for developers to style and design graphic rich flash games. One particular of the major advantages ofthe flash video games is that the Flash is all over the place. For the web version of a game,96% of the viewers wont need to have to download something except the game. Far more importantly, numerous men andwomen wont be in a position to set up arbitrary ActiveX controls, or use a Java plug-in, while Flash ispreinstalled with Windows on corporate devices. Flash video games are usually extremely uncomplicated to find out also whenin contrast to their counter parts. Especially, for youngsters, these flash video games appear very intriguing adverts they require alot less or even no time to understand. They can perform any flash recreation promptly. However, thekey issue with Flash video games is their efficiency. Motion Script can be really sluggish. Byte code execution is okay,most likely on par with other scripting languages, but there is a significant difficulty with entry factors. Setting up theexecution context to simply call into the virtual device and tearing it down once again after a purpose exits isreally pricey. Much less high priced, but still substantial, is a script-to-script operate simply call. Consequently, if you canfantastic-tune the effectiveness, then Flash is absolutely a good solution to produce games.
      Filed under: uncategorized Leave a commentPc Games in the Classroom What is the Entire world Coming To!2011-10-100 commentsYou can add items from the left menu by dragging them here.
      Pcs are right here to keep. diablo 2 trainer They are in nearly each and every classroom and almosteach grade school kid is already cozy employing a single. Pcs provide cutting edge technology and latest data to collegestudents. Their contribution can be extended to involve entertaining understanding in the sort of personal computer video games.Why are personal computer games currently being applied in the classroom Are they merely there to fill time in positionof board video games or outside playing, or do they serve an educational intent Though games are usually used tofill those instances when college students need to have a thing entertaining to do, they do serve a really crucialobjective. Young children get pleasure from making use of the laptop or computer. In truth, very long inadvance of most kids have believed about school they have been on a computer. Video clip video games, each computerizedand on the tv, are also incredibly well-known with little ones. Children will perform laptop or computer video games, sowhy not use them to reinforce educational content though they play Laptop video games in the classroom donot replace the teacher’s function. They are utilized for practice and drill in most predicaments. Although some subjects, such astyping, are taught practically fully using personal computer application, the personal computer is used in other subjects for apply. Getspelling as an instance. When college students want to apply their spelling words, a uncomplicated laptop or computer video gamelike hangman could be applied to enable them follow in a exciting, comfortable way. Instructional application canbe used in the home as nicely as the school. You know that your children love to play on thepc. Visualize supplying them a sport to play that is exciting whilst at the very same time operates to reinforcetheir math capabilities. The two you and your children’s teacher will approve of that kind of screen time!href=”” Academic pc games can also help reinforce the pondering techniques of students. Games that consult college students toclear up mysteries are a good way to develop vital contemplating abilities in a fun, supportive way. These kinds ofgames are the ones that little ones can play and find out with out recognizing that they are mastering onething! When utilizing personal computer games in the classroom, it is essential to keep track of what yourpupils are doing. For example, you may possibly find that a college student constantly plays the fundamental math game thathe is familiar with he can win. He doesn’t actually require to practice in spelling, so you may possibly motivatehim to embark on a heritage mystery video game alternatively. Whenever achievable, pc video games need to be used tooperate on capabilities that a college student desires to strengthen.diablo 3 shirt Like all items in educationand learning, laptop video games necessitate a balanced method. Most little ones would be eager to play games all dayprolonged. Of program, this isn’t really a superior way to teach pupils. On the other hand, under no circumstances makingit possible for a university student to perform on the personal computer could be harming him. He will be missingout on useful apply time and a enjoyment way to tactic mastering. The balance ought to make it possible forpupils to play, while at the same time supplying traditional instruction all through the school day. So thesubsequent time you stroll into your child’s school and see her on the pc, don’t be concerned. She is stayingentertained, challenged and mastering at the very same time! Computer video games play a important part in a nicely-balanced classroom,so consider some time to thank your teacher for permitting your little ones some time to play!
      Filed under: uncategorized Leave a commentStock Military Icons for Shooting Video games and Net Internet sites2011-10-090 commentsYou can add items from the left menu by dragging them here.
      diablo 3 preorder Earning a excellent new technique sport Making a Website portal for weapon collectors You are goingto require pictures for toolbars, application images, navigation pictures and logotypes. Buy military icons from a layout studio, and youare likely to have to devote hours describing photographs, wait days and weeks for the images to arrive, and investcountless numbers of pounds for just a handful of images.You can skip the layout studio and just geta quickly accessible set of military icons. Over a hundred pictures of different military and army icons are obtainable inMilitary Icon Set for less than a hundred bucks. With images this kind of as Aim icon, Arrow icon, Mapsicon, Dragon icon and Alert icons, the assortment of army icons can enrich any war game, weapon collector Website internetsite or military portal. diablo 3 Utilizing prepared-produced pictures from the Military Icon Set saves the worry of orderingcustomized-produced images, minimizes expenditures and speeds up challenge diablo 1 Military Icon Set provides far morethan a hundred photographs in a variety of dimensions and file formats. Raster photographs are supplied in 16×16, 24×24, 32×32,48×48, 128×128, and 256×256 pixel measurements, with vector resources in 3DS Max format quickly obtainable. 8-bit and True Colour shaderesolutions are presented with every order. All 32-bit army icons are furnished with and devoid of a shadow, and containalpha-channel for clean edges. All army icons are supplied in GIF, PNG, BMP, and ICO formats for simple integration withNet web sites and military video games.
      Filed under: uncategorized Leave a commentMahindra bikes Diablo and Cevalo in October2011-10-080 commentsYou can add items from the left menu by dragging them here.
      diablo 3 diablo 3 Mahindra bikes Diablo and Cevalo will start in the month of October. These bikes willbe available in the sector with the value tag of Rs. one. five lakh and Rs. sixty,000. “” It expectedthat Mahindra has sllected bollwood actor Aamir Khan as brand name ambassador for Mahindra Diablo. Just lately a check ridehad held in Italy by the firm named as -tried in Itlay, coming to India-.The expected bike MahindraDiablo will have 300cc, liquid cooled, 4-stroke motor which generates highest electrical power of 25bhp. This aerodynamic bike will have13 potential of fuel tank and expected to supply a mileage of about 35 kmpl. diablo 2 demo Itssharp front cowl and attractive alloy wheels, dual headlamps, metallic gold coloured inverted front froks and leaf shaped rear lookat mirrors presents it a image of racing design bike. The anticipated sporty bike will contend with Kawasaki Ninja 250R,Bajaj Pulsar 220cc and Hero Honda Karizma ZMR-Fi.diablo 1 The yet another upcoming bike from Mahindra isMahindra Cevalo, This common bike in entry level bicycle section arrives with latest Mahindra technology and with ideal sports attributes.This bicycle will have 125cc, SOHC, 4-valve, air cooled, fuel injected engine which generates highest electricity of fifteen bhp. Thebike’s demo design seems to be identical to Yamaha FZ loaded with black coloured alloy wheels with solitary disc brakeprogram, stylish quick wind sheet around front mask, a semi digital speedometer connect with tachometer, indicator light and gearshift indicatorlight for assure a safe and sound and easy ride even on long and bump roads.It willLoad with finest characteristics which would make it sporty and eye-catching. Mahindra Cevalo will have naked chain sprocket, fat tyresand significant sized muffler, monoshocks, optional disc brake, split seat tends to make it much more cozy. IT will availablein both equally kick and self commence options will deal with hard competitors with Hero Honda, Bajaj Auto, Suzuki, TVSand Honda’s entry degree bikes.
      Filed under: uncategorized Leave a commentComputer Sport Backup Software package How To Backup Computer Games2011-10-070 commentsYou can add items from the left menu by dragging them here.
      Numerous Personal computer gamers generally want to develop backups of their Pc video games. Backing up Laptop games canbe helpful in situation the unique recreation discs get ruined or spoilt. If you perform alot of Personal computer games,you ought to look at producing backups of your video games if you have not presently carried out so. Ifyou do not know how, there is a software program that can backup Personal computer games simply.Pc videogame discs are very high-priced currently. This is specifically why it is a good strategy to invest in a verygood Pc game backup software. If your game disc will get misplaced or broken, you can often rely on thebackup. Envision if you went to the retailer, searched large and reduced for a tricky-to-discover game title and bought it,only to have it stolen, spoilt, or missing immediately after that. However, if you had produced a backup of thatvideo game, you wouldn’t have to fret at all!It is really effortless to backup your video games href=””. All you need to have is a Laptop recreation copying software that is capable to duplicatean picture of the disc you want to backup. Most reliable softwares come with a little charge, but in theprolonged-run, it is a significantly worthwhile investment. It is much additional affordable to make investments in a backup computer softwarerather than to pay out for a new video game disc. Nonetheless, prior to buying a video game backup softwareprogram, you need to locate out if it requires you to obtain any added hardware. Some softwares may well callfor you to have a disc burner while some others do not. Easy Backup Wizard is a person of thesuperior Computer video game copying softwares that does not require any more hardware. (You only need to have a CD-drivein your personal computer which just about every desktop and laptop computer ought to have) Of course, you will alsoneed a writable disc on which you want to backup your Personal computer video game on.When you havethe proper software, simply commence it up and observe the onscreen recommendations. The backup process ought to only just takeabout ten-20 minutes to complete. Backing up Pc video games is a definitely simple task that any person can dowith the correct Pc recreation copying software.
      Filed under: uncategorized Leave a commentVery best Way To Copy Computer Games2011-10-060 commentsYou can add items from the left menu by dragging them here.
      For those that want to Burn up Computer Games With out MOD’s, working with the correct game backup program isyour only chance to end up with completely playable copies. Regrettably there have been several sport burning softwares that dontbuild prepared to be played backups. Both they dont fully duplicate the video clip video games all the way, orthe graphics reduce out on you mid way by means of enjoying the video games. There is asingle recreation copy software program that will make playable video games, it’s fundamentally ready to copyPC Video games to anycompact disk you want. You dont want MOD’s, the copies function like new, and you canbackup video games with noany hassles. The sport clone plan- Game Copy Wizard – was designed a short time back by the computer softwarebuilders that designed the incredibly very first “unbreakable” coding. There was no doubt that it was a wonderful video sportsolution. Sothere’s no doubt that they have established to make high quality solutions diablo 3 storyline.Some ofthe best possibilities recreation burningsoftware have to do with guaranteeing that we never ever have to purchase games that weby now boughtover and more than once more. As shortly as youpurchase a new game, you can backup them asquickly as you open the sport. You in no way have to fret about dropping the sport -as the firstwe be safely put absent, though you perform the backup. Its all about makingknowing your popular Key Recreation consoles andEven Dreamcast and Game Cube games are secure and audio. Burningthe video games with the game clone wizard is apiece of cake. Just go together with the easysteps and you will have the fantastic, one hundred% playable, backup’s thatcan be played, loaned our or even burned once again by themselves. diablo battlechest After you have copied theburning software program, it will be time to copy your Nintendo Pc video games every time you wish. The softwareprogram will ask you some straightforward concerns, and manual you through the set up procedure in a straightforward to understandvogue. A single fantastic element about theproduct is that it arrives with distinctive Laptop sport copying method that copies substantiallymore quickly than any normal copying software program.Right after the sport burn software program is ready you thenare all set to insert the Computer game you want to backup. Disc gets set in the compact disk generateand then you do what the computer software states. The software will display you diablo 3 character classes. Afteryou are set up insert the disc you would like to burn off the Computer games to – use thedisc that suits you. Immediately after this the video game copy computer software will robotically backup the video video gamefrom the Personal computer to the compact disk. Its really uncomplicated and the Personal computer sport backup system is affordable.It pays for itself after you backup just 1 recreation.And of training course, this sport duplicate application willduplicate any sport you want – even the “unbreakable” video games. This software will break via any of the sportdefense’s. You will also be ready to backup far more than just regular video clip video games. You cancopy GameCube, Dreamcast and Personal computer Video games as nicely. You can also duplicate films, songs and video’s way too.Itsamazing how numerous different media optioins you can backup with this recreation duplicate computer software. Use any CD you want-it doesnt matter. Any of the disc’s will perform just as superior as the unique Video video games.
      Filed under: uncategorized Leave a comment<< Previous entries Author
      Write something about yourself. No need to be fancy, just an overview.
      October 2011September 2011
      RSS feed

    • The real question is whehter you have enough tax deductions to make it more beneficial to itemize your deductions as opposed to taking the standard deductions. Anyone can itemize if they wish and, if you itemize you can take the deduction for the value of the donation. But if your total deductions are not more than the standard deduction it doesn’t make any sense.References :

    • Charitable Contributions are itemized deiotcduns. The total of your itemized deiotcduns must be over your standard deduction ($5450 if you are single) before you receive any tax benefit.Most taxpayer’s biggest itemized deduction is mortgage interest so, unless you own a home and are paying a mortgage or you think that your furniture is worth a lot of money, it may not do you any good from a tax point of view to donate it.References :

    • First of all, Geithner is a mole of the Federal Reserve Bank, a private for-profit bank, and anything he does or says in Treasury is to serve his masters at the Fed, regardless of the United States of America or any other country.
      Second, reforming corporate tax rates is a diversion, for people to gab about, while the Fed inserts into the new tax laws any detail and advantage to itself that it wants, through their inside man Geithner.
      Third, tax reform of any kind, for any business or individual, must be related to wages. Real wages for the average joe have declined each of the last 8 years. Taxes and inflation eat away wages. Who is it that is supposed to be buying the products of the corporations? How can we tax corporate income if no one has money to buy their products?
      Fourth, the answer to the third: Other countries are supposed to buy the products of the corporations. And how do THEY get money to buy the products? The USA borrows money from the Federal Reserve to lend to those countries so they can buy our products. Average joe taxpayer is on the hook for this debt too, but it is the corporation who benefits and Average joe’s wages still stay flat or decline.

    • CJ wrote:
      .It’s absolutely ludicrous that we insist on taxing corporations at all. Want a way to get companies to locate their operations in the US? Make the US the biggest tax haven in the world by eliminating all corporate taxes! Let’s be honest, companies don’t set their price and then just merrily pay taxes. They pass along the taxes to consumers in the form of higher prices, workers in the form of lower wages, and shareholders (like pension funds for little old ladies who are retired school teachers) in the form of lower dividends. Corporate taxes don’t come out of the CEO’s salary, and everyone else who loses is the “little guy.” So reduce corporate taxes to zero, make us the biggest tax haven in the world, and allow companies to sell items at a lower cost, pay their employees more, and give bigger dividends. All of those things are good for business and good for the “little guy.” Even better, eliminate the IRS and go to the Fair Tax…but that’s another post.
      AMEN!!!! Now if only we could get politicians to understand.

About The Tax Blog

  • The Tax Blog brings together a team of award-winning tax journalists from the Dow Jones network and around the web to examine the tax issues, changes and legislation that affect families, investors and small business owners. Our contributors include Tax Report columnist Laura Saunders (WSJ), Tax Guy columnist Bill Bischoff and senior reporter Jilian Mincer (, retirement-focused reporter Anne Tergesen (WSJ), wealth management writer Arden Dale (Dow Jones Newswires), TaxWatch columnist Eva Rosenberg and personal finance reporter Andrea Coombes (MarketWatch), and reporter Alyssa Abkowitz (SmartMoney). They’ll provide the latest news and insight, mine the tax code for tips and loopholes, and answer your questions about tricky tax situations. Contact the The Tax Blog with ideas, suggestions or tax questions at