News
CNN: Money | Top 1% get big bang from tax breaks
There are more than 200 tax breaks in the U.S. tax code, and the top 10 for individuals are by far the most expensive. How expensive? They will cost federal coffers $12 trillion over the next decade.
Econ Comments & Analysis
Investors | Robin Hood' Tax Will Not Make Markets More Stable And Might Hurt Economic Growth
The proponents of the tax argue that an FTT will reduce speculative and irresponsible trading, which was allegedly behind both the financial crisis of 2008 and the sovereign crisis in Europe. But even if one believes that the ability to trade instantly, at practically zero cost, has helped to spread the panic, an FTT is not going to help.
Mercatus Center | The High Costs of a Terrible Tax Code
The Treasury forgoes approximately $450 billion per year in unreported taxes. Worse, Americans face up to nearly $1 trillion annually in hidden tax-compliance costs. And according to the IRS, taxpayers spent more than six billion hours in 2011 complying with the tax code.
NBER | The R&D Tax Credit in France: Assessment and Ex-Ante Evaluation of the 2008 Reform
This article presents an econometric analysis of the direct effects of the R&D tax credit (RTC) on private R&D in France and proposes an ex ante evaluation of the major reform implemented in 2008.
CBO | The Distribution of Major Tax Expenditures in the Individual Income Tax System
This report examines how 10 of the largest tax expenditures in the individual income tax system in 2013 are distributed among households with different amounts of income. Those expenditures are grouped into four categories:
