…less 26k in tax payments with targeting, 100k income plus 10k tax subsidy less 36k tax with universalism). The important lesson here is that extending the targeted tax credit to…

…tax policy. A fair tax structure means that those earning similar incomes should pay similar taxes and stipulates that taxes should not increase4 income or wealth disparities. Trump’s tax cuts…

…r. r = (1-t)f ‘(k).” and “We cut the tax rate t. Because f ‘(k)*k is the tax base, the static cost of the tax cut (per worker) is dx…

…kind of tax agenda that the Journal supports–moving to a consumption tax–like the national sales tax– that shifts most of the tax burden to ordinary folks (since they will pay…

…“buy” the federal income tax depreciation deductions on municipal equipment. The municipalites couldn’t use the deductions, since municipalities are tax-exempt entities. The buying corporations were subject to US tax (usually,…

…out tax scams and shelters invented by high-paid accountants and law firms and in-house counsel. It has to examine and audit and negotiated with taxpayers who are often better resourced…

…profits from a high-tax to a low-tax country, the company pays tax on those profits at the lower statutory rate. The company’s tax saving equals the amount of profits shifted…

…notion that growth was faster in periods of rising tax rates than in periods when tax rates were coming down. It is worth noting that growth from 1933 to 1940…

…race will be off again in a new cycle of tax shelters. And being in Michigan, I can’t leave out Ave Maria (hat tip to Paul Caron at Tax Prof)…

…corporate taxes he only gets a 5.2% return–asserting that the corporation “pays a 35% corporate tax on its earnings”. He pays taxes on that income, so he claims his after-tax…