News
WSJ | IRS Gives Employers a Break on Payrolls
The downside for such companies? Regulators say they are going to be more vigilant about misclassification of workers in the future.
Econ Comments
WSJ | Obama's Tax Morass
Barack Obama and his perpetually angry Democratic "base" are the outliers on comprehensive tax reform.
Washington Times | TYRRELL: Not knowing when to say ‘when’ on taxes
Obama thinks all of our money is his money.
Blogs
Political Calculations | Why Hiking the Top Income Tax Rate Won't Fix President Obama's Deficits
What we do see indicates that the maximum tax rate has little to no bearing on how much money the federal government collects per household in any given year. Since 1967, the government's RPH to MHI ratio has risen steadily on average, indicating that the U.S. government is collecting more and more money per household over time, with the changing level of the topmost income tax rate having little to no effect on the rate of that change.
Cato@Liberty | Warren Buffett’s Tax Story Is Bogus
Perhaps Buffett was referring to the fact that his secretary pays a heavy load of payroll taxes in addition to income taxes. But when you look at data which includes all federal taxes, the system is still highly graduated with much higher rates at the top end.
NRO: The Corner | Is Our Tax System Fair? If Not, Why?
I actually find the system unbelievably unfair because the amount of taxes one pays isn’t actually a product of how much one makes.
