…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…

…in state and local income taxes, $11,656 in real property taxes, and $2,422 in personal property taxes, as well as 8505 in tax preparation fees. They also enjoyed $10,754 of…

…before): most administrations do not change their tax policy very much, but tax policy (and other policies that correlate with tax policy) can take a while to have an effect…

…marginal tax rates. I think a lot of the change has to do with regulation and enforcement. An administration that cuts tax burdens is reducing regulatory tax burdens and perhaps…

…“The deal on extending the tax cuts“, Start Making Sense, Dec. 6, 2010 and “The tax cut deal: too soon to tell who really won?“, Dec. 7, 2010. I think…

…there was that bizarre babbling about Mexico’s VAT tax. Krugman writes: There was this, on Mexico: “Let me give you the example of Mexico. They have a VAT tax. We’re…