News
Fiscal Times | So Far, Most of Tax Cut Is Going Down the Gas Tank
Gas prices have drained more than half the extra cash Americans are getting this year from a cut in Social Security taxes.
CNN Money | IRS cracks down on millionaires
Especially if you make more than $10 million. Audits of these folks surged 73% last year, hitting more than 18% of taxpayers in the highest income bracket, according to recently released statistics from the IRS.
Econ Comments
Washington Times | RAHN: Lessons from the states
Prosperity reigns where taxes are low and right to work prevails.
NRO | GE Avoids Taxes?
Shocker: Corporations try to avoid taxes.
WSJ | The Price of Taxing the Rich
The top 1% of earners fill the coffers of states like California and New York during a boom—and leave them starved for revenue in a bust.
Blogs
The Economist: Buttonwood's notebook | The rich will pay
For those who doubt that there is a trade-off between tax rates and tax take, note that the Swedish system has high marginal tax rates but in terms of tax take, is less progressive than Britain.
Reports
Census | Quarterly Summary of State and Local Government Tax Revenue
Total tax revenue increases for fifth straight quarter.
