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Tag Archives: 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
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
Republicans Favor Increased Taxes
Today in the Senate, Republicans voted unanimously in favor of the largest income tax increase in decades, despite the overwhelming opposition of Americans. The Republican support for this tax increase is not new. When the tax increase was originally conceived in … Continue reading
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
Could Employing Tax Cuts Tax Employment?
Republicans have been incessant in their demands for the top income tax rate to remain at 35%, and are willing to allow the rate reductions on the middle class to expire rather than concede the top rate reset. Since the days … Continue reading