Econ Comments & Analysis
CRS | 501(c)(4)s and the Gift Tax: Legal Analysis
Recent media reports of donors contributing substantial amounts to tax-exempt 501(c)(4) organizations have led some to ask whether these donations are subject to the federal gift tax. The short answer is that the gift tax statutes do not contain an exemption for these donations, thus indicating they are subject to tax.
Blogs
Heritage Foundation | Government Will Take Almost Half Your Paycheck in 2013
How high is the marginal tax rate on each additional dollar the average American earns? In other words, if you got a raise of one dollar, how much of that dollar would be taxed away? These rates are already high, and they’re getting higher next year.
AEI | Social Security: How bad a deal, and why?
The AP report that today’s new retirees will be the first to collect less from Social Security than they paid in has gotten people talking—I’ve done no less than 15 radio interviews on the topic.
Tax Foundation | Monday Map: Average Tax Savings from One Year Extension of Bush Tax Cuts
Today's Monday Map shows the impact of the imminent expiration of the Bush tax cuts by state. Connecticut, where taxpayers stand to pay an average of $5,783 more, would be affected the most; Mississippi, with an average tax increase of $1,310, would be affected the least.
