News
CNN Money | Tax breaks: Where big money is
If Congress and President Obama are ever going to get serious about tax reform, they will have to rethink some of the biggest and most popular tax breaks.
CNBC | Obama Questions 'Carried Interest' Tax Break
President Barack Obama said on Sunday more tax revenue would be needed to reduce the U.S. deficit and signaled he would push hard to get rid of loopholes such as the "carried interest" tax break enjoyed by private equity and hedge fund managers.
Econ Comments & Analysis
LA Times | The birth of the income tax
This month marks the 100th anniversary of the ratification of the 16th Amendment, which gave Congress the power to tax American incomes.
Mercatus | Sin Taxes: Size, Growth, and Creation of the Sindustry
With lingering economic doldrums eroding governmental tax bases and strong resistance to proposals for cutting public spending or raising broad-based taxes, many states have begun searching for new revenue sources. Particularly attractive targets for revenue creation are goods deemed by policy makers to be unhealthy, to generate negative externalities, or both.
