Econ Comments
Bloomberg | Get Rich, Pay Lower Taxes, Boost Federal Revenue: Amity Shlaes
Raise the rates too high, and you get a perverse result: less money from the rich than you expect. Lower the rates, and the rich pay a greater share of the taxes.
Fiscal Times | Taxing the Rich Can Shortchange the Economy
Only 47 percent of Americans pay federal income taxes, which suggests that high spending candidates who are more likely to tax the rich are more likely to be elected.
RCM | Who Among Us Doesn't Pay Income Tax?
While the final statistics for 2010 are not yet available, we know from past years that over one-third of taxpayers will file "non-taxable returns," meaning that they will not owe any federal income tax.
Fox News | Gang of Six' Senators Under Pressure to Strike Budget Deal After Credit Rating Warning
The commission plan would cut the debt by roughly $4 trillion over 10 years, touching every area of the budget, including entitlements, taxes, and defense spending.
