Econ Comments & Analysis
Daily Finance | Muni Bonds: How Killing a Tax Break for the Rich Could Hit Everytown, U.S.A.
Republicans in Congress and President Obama remain locked in their seemingly interminable debate over how to avoid the fiscal cliff of tax increases and spending cuts set to befall us at the end of the year. As they've tried to break the stalemate, lawmakers have looked at a variety of proposals to raise revenue, among them, ending certain tax breaks and exemptions.
AEI | The GOP case for higher taxes on the rich
Republicans should unequivocally accept rate increases -- immediately. It would reduce the deficit and suddenly turn the spotlight on Democrats' steadfast refusal to reform entitlements.
Blogs
Library of Economics | The Folly of Obsessing over Marginal Tax Rates
It's often wise to pay more attention to marginal tax rates than to average tax rates. If you can make your first $100 tax free but the 101st dollar is taxed at a marginal rate of 99% you'll probably decide to earn $100 at most.
