News
CNBC | The rich do not pay the most taxes, they pay ALL the taxes
Buried inside a Congressional Budget Office report this week was this nugget: when it comes to individual income taxes, the top 40 percent of wage earners in America pay 106 percent of the taxes. The bottom 40 percent...pay negative 9 percent.
CNBC | Though Revenue Growth Is Slowing, States See More Budget Stability, Report Finds
While states are continuing to see modest progress in their struggle to dig out from the 2008 recession, the era of chronic budget instability and wholesale service cuts appears to have ended, according to a report released Tuesday by the National Association of State Budget Officers. The rate of revenue growth in 2014, however, is expected to be significantly lower than in 2013, the report said.
Econ Comments & Analysis
FOX Business | The Truth About Taxes
Have you ever noticed that taxes move in one direction: Up. And, so it is with property taxes. During the housing bubble, taxes rose as values climbed and in many parts of the country they are still stuck in the stratosphere, even after prices have plunged. Fortunately, you can do something about it.
Forbes | The Tax Draft Of Sen. Max Baucus Amounts To Legalized Wealth Confiscation
The test of any tax plan is how well it measures up to the principles of sound tax policy: Does it promote neutrality? Does it simplify the tax code and make it more transparent? Does it make the system more stable and predictable? And, does it avoid retroactive measures?
