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Tag Archives: Income tax
Happy Tax Day!
Everyone got an extra three days to deal with their taxes this year. Hopefully everyone got to enjoy a little bit of weekend not fretting over their returns. When I was growing up my mother always said there were three … Continue reading
Posted in Uncategorized
Tagged Bush tax cuts, CNBC, Income tax, Jon Stewart, Paul Ryan, Tax, taxes, White House
148 Comments
The Ryan Game
This week, Representative Paul Ryan (R-WI) published a budget proposal called “The GOP Path to Prosperity.” As I mentioned on Monday in “Shutdown Showdown,” the proposal neither addresses the issues in the 2011 or 2012 budgets, nor makes realistic assumptions … Continue reading
Posted in Uncategorized
Tagged Income tax, Laffer curve, Medicaid, Medicare, Paul Ryan, Tax rate
9 Comments
“Fair” Unbalanced?
Last week I described four incidental burdens that arise from income taxes: They conflict with key elements of the Bill of Rights Calculating the correct amount of tax costs many taxpayers significant amounts of money and/or time The rates, coupled with … Continue reading
Progressive at What Cost?
Last week I explained the rationale behind a progressive tax model, and outlined how it can be determined in a reasonably fair fashion. But determination and application are two different things. For roughly a century, since the passage of the … Continue reading
Posted in Uncategorized
Tagged Bill of Rights, Income tax, Progressive tax, Tax evasion
104 Comments
Fair and Balanced
Much is said and written about the high burden of income taxes on the wealthiest Americans. The top 20% of earners contribute over three-quarters of federal income tax revenues, despite collecting about half of the overall nation’s income. At first … Continue reading
Posted in Uncategorized
Tagged Adam Smith, Income tax, Marginal utility, Progressive tax, Tax
125 Comments
Take 2: Could Employing Tax Cuts Tax Employment?
Waaaaaay back in September I posted my first article at 538 Refugees. In it, I concluded that there was an inverse relationship between the top income tax rate and employment growth. Now that the President and Congress are discussing the … Continue reading
Posted in Uncategorized
Tagged Bureau of Labor Statistics, Congressional Budget Office, Income tax, Tax, Tax rate, Taxation, Unemployment
143 Comments
Keynes Was Right
Much discussion has happened on this site regarding income tax rates, government spending, and the health of the economy. Certainly I’ve had some preconceived notions of what’s best, as has pretty much everyone else here. I decided to be more … Continue reading
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