Econ Comments & Analysis
Forbes | Bill Gross Is On The Right Track, Let's Equalize Most Capital Gains Taxes
Recently Bill Gross, the head and founder of PIMCO, the manager of the world’s largest bond fund, made news by suggesting that capital gains taxes should be equalized with income taxes on wages and salaries. This is a worthy idea, and with a few tweaks to the suggested policy perhaps a lot of people on both sides of the aisle can support it.
Fortune | More Americans ditch their passports
Time to dump your American passport -- and with it, presumably, your bothersome U.S. tax bill. The reason, international tax lawyers say, may have less to do with offshore tax evasion and more with a new generation of sophisticated -- and legal -- tax planning.
Washington Times | The tipping point
Fifty-four million Americans pay not a penny to the IRS. That leaves 91 million shouldering the full weight of the supersized federal government. A Tax Foundation analysis notes that the number of freeloaders has been rising steadily since the 1980s. The freeloaders will soon make up the majority.
Heritage Foundation | America’s Austerity: It’s the Tax Increases
U.S. policymakers pursued deficit reduction (also called “fiscal consolidation” or “austerity”) twice in 2013. As economists have shown in dozens of papers, how a country goes about reducing deficits matters a lot in determining the economic impact of the deficit reduction.
