Pages

Wednesday, September 19, 2012

Taxes

News                                                                                                                             
Politico | Estate tax debate re-emerges as fiscal cliff looms
A tiny fraction of the population is affected by it, a majority of the public fears it, and it’s about to become a marquee bout in the congressional fight over taxes this year — again.

Econ Comments & Analysis                                                                                            
WSJ | A Little Good News for Taxpayers
Four years after the financial panic, Washington has enacted little in the way of genuine reform. But Congress seems poised to take one modest step toward free markets in finance. Come January 1 the universe of assets guaranteed by U.S. taxpayers is scheduled to shrink by more than $1 trillion.
Investors | The Great Tax Divide Between Democrats And Republicans
There was a time when Democrats and Republicans alike could talk sense about tax rates, in terms of what is best for the economy, without demagoguery about "tax cuts for the rich."
WSJ | Sweden 22-U.S. 35
The headline above is not an athletic game score, and in this contest you want to be on the lower end. We're talking about the corporate tax rate, which Sweden's Prime Minister Fredrik Reinfeldt has announced that he intends to cut to 22% from 26.3% as part of his next budget.

Blogs                                                                                                                             
Tax Foundation | How much do Nonpayers Earn?
Looking at just the filers who are nonpayers, the IRS provides data on their income, which can be found in our recent report.  This data is presented in the chart below for tax years 2001 and 2009, to show the progression of nonpayers over the last decade. 
AEI | From ‘You didn’t build that’ business to ‘You didn’t raise that’ child: Policy as pro-family as well as pro-entrepreneur
About half of people who don’t owe income tax are off the rolls not because they take advantage of tax breaks but rather because they have low incomes.