…efforts, and loaded up on pork-barrel spending. Meanwhile, taxes were reduced—on wage earners, investors, and companies. The end result: We collected about the same amount of taxes in fiscal 2004…

…of the income tax. In other words, if everyone’s income falls by 10 percent, the overall percentage of taxes paid by the wealthy falls, because they pay a higher marginal…

…pay almost twice as much in payroll taxes as in income taxes. Yet people were willing to accept a regressive tax increase to sustain Social Security. Now the joke’s on…

…incomes, 80% and 20% respectively. Then we see that the income of each is divided into the categories of national accounts (consumption, taxes, saving and imports). All but consumption are…

…tax plans and announced the Mnuchin Rule–that “[a]ny reductions we have in upper-income taxes will be offset by less deductions so that there will be no absolute tax cut for…

Trump Says Dems Support Venezuelan “High Taxes And Open Borders” The average tax rate in Venezuela is 25%. The average tax rate in the US is 26%. Sorry, Trump, this…

…unclear is whether their approach will include a carbon tax.  This is troubling, because carbon taxes have very substantial economic and political advantages over other approaches to climate policy. No…

…minimize taxes. The audits underestimate tax evasion capturing little of the investor tax evasion by those using offshore accounts and pass-through businesses. Both methods present opportunities unlikely to be captured…

…what has been written on this subject and found a few papers on the effect of using announcements of future increases in consumption taxes to stimulate current spending in a…

…it or MMT theory. As long as the dollar is in demand globally, we are safe. Another possibility is to open more of the nation’s income to Social Security taxes….