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There Is an Ugly War Being Waged Against Poverty-Stricken Grad Students

Imagine having to pay thousands of dollars of taxes on virtually no income. The Republican tax plan winding its way through Congress includes a special middle finger to the nation’s graduate students. It’s a little bit wonky, so stay with me here. Show More Summary

You Just Cannot Be an Honest Neoclassical Economist and Make the Trumpublican Tax "Reform" a Winner for U.S. National Income Growth...

...or, especially, after-tax real median growth. Or even 2%-ile income growth. Let alone well-being after cuts in public services. You just can't. It doesn't add up at any level. As a matter of arithmetic... Just too much of existing capital income flows to foreigners. Show More Summary

2018 Tax Brackets

See what the 2018 tax brackets are, what the standard and personal exemptions are, and whether you qualify for the Earned Income Tax Credit.

How Corporate Income Taxation is Misunderstood

(November 20, 2017 02:05 PM, by Contributing Guest) by Richard McKenzie "Don't tax me, don't tax thee, tax the man behind the tree!" ~ The late U.S. Senator Russell Long (D-LA) Republicans are being excoriated by pundits, journalists and Democrats for proposing to lower the corporate income tax... (0 COMMENTS)

Another conservative leads Kansas governor race after crisis

A year ago, many voters concluded that Kansas would abandon deep-red politics after Gov. Sam Brownback's experiment in cutting income taxes ended in failure. But instead of moving back toward … Click to Continue »

The Republican War on College

For the cost of cutting corporate income taxes, the U.S. could provide universal pre-K and make tuition free at public colleges for non-affluent students.

We Deserve Corporatism, and Notes on Fed Income Taxes, & on Banking

Most Americans today appear to know very little History, Geography, American Government, & Logic, and pretty much zero about the Constitution. Never mind knowledge of how Propaganda works, or anything at all about Corporatism, or the significance of gerrymandering, or how political candidates really are selected. Show More Summary

Trump advisors send mixed signals on fate of tax bill’s health provision

Two of President Donald Trump's leading economic advisers sent mixed signals Sunday on the fate of a health care provision in the Senate version of a $1.5 trillion measure to overhaul business and personal income taxes that is expected to be voted on after Thanksgiving.

Want A Simpler Tax Code? Sure, But It Will Cost You

The GOP is taking advantage of Americans’ fear of tax season to shift the tax burden down the income ladder.

What's Making the 1% So Much Richer in U.S.

Income inequality inspires fierce debate around the world, and no shortage of proposed solutions. As global billionaires bid up the price of a da Vinci painting on Wednesday, to $450.3 million, Congress debated tax reforms that many analysts said would give the largest benefits to the richest 1 percent of taxpayers. Show More Summary

Sen. Collins wants more middle income help in Senate tax bill

WASHINGTON (Reuters) - Republican Senator Susan Collins said on Sunday she wants changes in the U.S. Senate tax reform legislation that would bring more relief to middle income Americans. Read moreg Blogs | Comments

How much do government workers cost?

(November 19, 2017 12:14 PM, by Scott Sumner) Tyler Cowen directed me to an interesting question raised in his comment section (by "BC"): Do federal employees pay income tax on their wages? I know they do nominally, but that tax goes back to their employer, the federal government.... (0 COMMENTS)

This seems whacky, yet I cannot refute it (from the comments), tax incidence department

Here is an unrelated topic, but part of the general topic of tax incidence. Do federal employees pay income tax on their wages? I know they do nominally, but that tax goes back to their employer, the federal government. So, doesn’t that...Show More Summary

Who Really Gets a Tax Increase if the Individual Mandate Goes Away?

On government tables, it looks as if it’s low-income people. But the real losers would be higher up the income scale.

Goldin Presents Complexity and Take-up of the Earned Income Tax Credit At Northwestern

Jacob Goldin (Stanford) presented Complexity and Take-up of the Earned Income Tax Credit at Northwestern yesterday as part of its Advanced Topics in Taxation Workshop Series hosted by Sarah Lawsky: Tax benefits like the Earned Income Tax Credit (EITC) represent an important source of income to their recipients, but millions...

Judge to Issue Ruling on Constitutionality of Seattle Income Tax Next Week

Earlier today, King County Superior Court judge John Rhule announced he would make a decision before Thanksgiving regarding the constitutionality of a progressive income tax in Seattle, after hearing the first round of oral arguments in Kunath vs. Show More Summary

Go Ahead, Take People Off the Income-Tax Rolls

I had hoped that conservative enthusiasm for keeping as many people as possible paying income taxes would peter out after the 2012 election, when the sentiment led Mitt Romney to make his politically damaging remarks about the allegedly irresponsible “47 percent” of people who don’t pay them. Show More Summary

BANK OF AMERICA: These 12 tax loss harvesting stocks are prime for a rebound

Selling stocks before the year's end to offset taxes on gains and income has been popular for decades. Bank of America Merrill Lynch analysts combed through the stocks they still think are good buys, but have lost steam this year, to see which might be a good idea to sell in order to lower your tax bill. Financial markets have had a spectacular year. Show More Summary

Seattle Defends Income Tax in Court, Judge Expected to Rule Next Week

3 days agoUnited States / Seattle : Slog

The judge said he plans to rule by Thanksgiving. by Heidi Groover The scene at Seattle City Hall in July as the state Republican Party chairman responded to Seattle's new income tax. HG The City of Seattle appeared in court Friday for...Show More Summary

GOP closer to big win with House tax vote; Senate unclear

3 days agoNews : Trending Now

WASHINGTON (AP) — Republicans have stretched closer to delivering the first big legislative victory for President Donald Trump and their party, whisking a $1.5 trillion overhaul of business and personal income taxes through the House. Thorny problems await in the Senate, though.

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