Econ Comments
WSJ | Reagan's Legacy and the Current Malaise
Lower taxes and a strong dollar could spur growth once again.
Blogs
Tax Policy Blog | No Country Leans on Upper-Income Households as Much as U.S.
Interestingly, countries with top personal income tax rates that are higher than in the U.S., such as Germany, France, or Sweden, have ratios that are closer to 1 to 1. Meaning, the share of the tax burden paid by the richest decile in those countries is roughly equal to their share of the nation's income.
Fox News | Democratic Senator Reveals Nearly $300,000 in Unpaid Property Taxes
For one-term Senator Claire McCaskill, D-Mo., up for re-election in 2012, that's the amount of personal property taxes she failed to pay since 2007 on a plane she and her husband, a millionaire businessman, partially owned.
Reports
AEI | The Case against Raising the Social Security Tax Max
If they raise Social Security’s maximum taxable wage—a common proposal—individuals will respond by working and saving less, which weakens the economy and does not fix the problem.
