…that becomes income taxes is certainly a function of one’s rising share of total income. But, the income going up faster than the rise in taxes paid or the taxes…

…raised from individual income taxes would decline from 47.5 percent to 45percent. Corporate income taxes under current laws and CBO’s baseline economic assumptions are projected, to increase by 46 percent,…

…coffers last year alone. Diesel taxes totaled $9 billion more. Almost all gas taxes are levied at a flat rate per gallon, regardless of whether a gallon of gas costs…

Kash recently posted a graph entitled Historical Profits, which had me looking for an excuse to post the following graph showing corporate taxes relative to corporate profits before taxes (see…

A few economists think that he actually might: SAN FRANCISCO (CBS.MW) — He never felt the need to recite his father’s infamous “no new taxes” pledge, and yet President Bush…

By now, you’ve probably seen somewhere that Dennis Hastert is floating the idea of abolishing the IRS and replacing income taxes with a consumption tax (or, alternatively, a VAT). Kevin…

…pay) and income taxes (which many of the working poor do not pay).(*) All people who work do in fact pay taxes, but some only pay payroll taxes (the taxes…

…tax rates could be imposed to offset the revenue loss from not taxing dividend income. The wealthy lose money (more income taxes) and gain money (no dividend taxes), netting out…

There Will Be No Postponing Social Security Taxes  Among the items that President Trump issued an “executive action” about three weeks ago was that for people earning less than around…

…that Bill Clinton, Obama, and Biden were elected promising to raise taxes on the rich and cut taxes on everyone else. I suppose I should address two important questions. FIrst…