…the amount of money the government spends that year and the amount of revenues the government collects in taxes. Both of these factors are affected by the state of the economy, as…

…Massive Tax Cuts in Recent Decades U.S. policymakers have substantially reduced taxes for wealthy households in recent decades. The 2001 and 2003 Bush tax cuts[2] reduced individual income tax rates, taxes…

As everyone should know, tariffs are just consumption taxes. Other countries don’t pay them. Importers don’t pay them. The extra cost is just added to the retail price. “As of…

…the other hand, have argued since the 1930s that employers should have sole control over what paychecks they cut, even resisting the minimum wage. And now they’ve found a slick…

…The second is that investors expect that after-tax profits will rise at the expense of wages or due to lower taxes. The third is due to a bubble, or “irrational…

…restaurants and motorsports tracks that provide special tax subsidies to particular industries! Also read more: Environment and Taxes, Insurance, Job creation, Payroll Taxes, Regulation, Tax in the News, Tax Legislation…

…to taxes works best. That is, the state with the lowest taxes will “steal” business from other states and produce the fastest economic growth. A lot of people seem to…

There were three big political stories that came out of David Gregory’s fabulously interesting interview of Paul Ryan aired last Sunday on Meet the Press. One was that Ryan said:…

Via Robert Waldmann Richard Thaler at Bloomberg provides a different take on innovators and job creators: A recurring theme of this year’s presidential campaign is the need to encourage the…

…greater investment, savings, productivity, or income growth. Everything he cites here is about U.S. tax and growth rates — a single sample point though a long-term one — all of…