Econ Comments & Analysis
The American | A Tax Increase without the Pain
In recent years, the number that has attracted significant attention is the report’s estimate of the present value of the government’s “unfunded liabilities” for the next 75 years—the present dollar value of the funding shortfall in Social Security, Medicare, and Medicaid over that period if current policies were to remain unchanged.
Politico | Confronting the looming ‘tax-mageddon’
Unless Congress and President Barack Obama can reach agreement by the end of this year, steeply higher taxes — amounting to about half a trillion dollars annually — will slam the economy and most taxpayers, starting Jan. 1, 2013
Investors | Territorial Tax System For U.S. Would Improve Global Competitiveness
America's tax system needs an overhaul. It is too complex. Many provisions are unreliably temporary. Even rules that work as intended have been branded as loopholes.
Blogs
FOX Business | Are My Social Security Benefits Taxable?
The advent of Social Security in 1935 was a response to the economic uncertainty from the Great Depression. It was promoted as a way to provide a cash flow to retired workers.
