…wealth. Put another way – all else being equal, peoples’ incentive to avoid/evade taxes is higher when tax rates are higher, and that incentive decreases when tax rates go down….

…although this would mean that many very wealthy people will pay no income taxes or estate taxes, and many other very wealthy people would pay income taxes at a single-digit…

…would be better politics to propose making Bush tax cuts on family income under $250,000 permanent and extending the Obama tax cuts one year (that is 400 per individual taxpayer…

…(1) collectively, Americans cheat on their taxes and (2) whether the tax burden, the percentage of GDP that the government collects in taxes, rises or falls seems to have nothing…

…course. 3. Don’t Mess With Taxes: Though tax professionals hardly need tax advice, the colorful news items and perspective dispensed by Kay Bell, a self-proclaimed tax geek and native Texan,…

…from capital gains taxes. Another big change would be the elimination of the tax deduction on state and local taxes. In principle, I’m a fan of tax simplification. The tax…

…confirmed the 682 tax filers in the entire country who owed estate taxes owned farm assets and represented ~ 13 percent of the 5,219 estate tax returns in which taxes…

by Dale Coberly No. It’s not. Here is why. The argument for ending the tax on Social Security benefits seems to be that “it is a tax on a tax”,…

…to the data on taxes. The Tax Foundation gives the data on tax brackets and tax rates from 1862 to 2021 here. Look at the marginal tax rates for 1954. For…

…taxes, property taxes, and similar deductions. Over time, the AMT has eroded–too many exceptions made, too many taxpayer friendly amendments, and then the Bush tax cut bills that lowered rates…