Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/sin taxes

Global warming policy on taxes report

18 expert panelists on GAO report on cap and trade versus carbon taxes. Joseph Aldy, Resources for the Future James Edmonds, Pacific Northwest National Laboratory Richard Howarth, Dartmouth College Bruce…

TAXES AS A % OF INCOME

This is a chart of your data on personal taxes as a share of personal income. See what I mean by how stable it has been until recent years….

Social Security: Cato’s “Quick Facts”

…Social Security taxes have been raised more than 40 times since the program began. 8. The maximum original Social Security tax was just $60. Today it is $11,000. 9. In…

Three-Card Monte

…near the middle of the income distribution pay almost twice as much in payroll taxes as in income taxes. Yet people were willing to accept a regressive tax increase to…

Fiscal Policy Options for Bush’s Second Term

…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…

Poor Rich People Pay Too Much in Taxes?

…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…