…local taxes and it’s really easy to get a total sales tax over 50%. One more thought: with sales tax rates like these (heck–suppose I’m wrong and a 25% federal…
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High Marginal Tax Rates are Associated with High GDP Growth
…explores the relationship between statutory top marginal tax rates on personal income and long-run economic growth. While theoretical models of endogenous growth explicitly allow for nonlinear effects of taxation on…
Tax Breaks Favor The Income Rich
Jon Perr at Crooks and Liars does a nice review on defining who benefits the most from tax breaks: CBO Study Shows Tax Breaks Favor the Rich “Every year, tax…
SOCIAL SECURITY: CBO TELLS IT LIKE IT IS . . . MOSTLY
…of different increases in the tax “cap” [the level above which payroll taxes are not assessed, on the theory that Social Security is insurance for which “enough is enough”]. The…
Obama’s Populist Tax Reform Proposal
…proposal would be to keep the fairly complicated loophole closing and tax increases, but to replace the proposed targetted tax cuts with a broad simple tax cut. The quote of…
Killing Mitt Softly: His Not Being In a Position To show Leadership By Persuading Rightwing Republicans to Agree to Their Own Policy Proposals
…yesterday Seriously, Mitt? Seriously? You ran on a Tea Party fiscal agenda of lowering tax rates by 20%–a huge tax break for the wealthy–and increasing defense spending, and absolutely gutting…
Saving SPOT! (Thank You, Miley Cyrus.)
…purpose, but to pay this circus’s legal fees. But now that we’re beyond the year-end rush for donating to charities and getting a tax deduction for 2012, there’s a way…
Why We Should be Impressed by Nate Silver
…July (say how aggressively to use tax shelters July 2012 or whether to invest in bottled water, canned food and ammunition July 2004). The fact that he got it right…
Off-topic again: All dogs go to heaven
…day later became paraplegic. A wonderful lady who’s active in animal shelter work took Bella this morning to see a highly-regarded vet who works closely with one of the shelters…
Kemp Roth Reagan Miller
…that there are efficiency losses due to tax avoidance strategies such as investing in tax shelters (to obtain income losses and capital gains). So a semi-rational defender of Kemp-Roth-Reagan could…
