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
...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
See what the 2018 tax brackets are, what the standard and personal exemptions are, and whether you qualify for the Earned Income Tax Credit.
(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)
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 »
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.
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
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.
The GOP is taking advantage of Americans’ fear of tax season to shift the tax burden down the income ladder.
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
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
(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)
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
On government tables, it looks as if it’s low-income people. But the real losers would be higher up the income scale.
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...
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
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
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
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
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.