Taxes

Would You Benefit from a Roth IRA?

Millions of Americans are saving for retirement in 401(k)s and Individual Retirement Accounts (IRAs). These tax-deferred accounts allow people to invest pretax dollars, but require them to pay taxes o…

Grading the President's Tax Reform Panel's Plan

The President's Advisory Panel on Federal Tax Reform was guided by two outstanding economists, Edward Lazear and James Poterba, and an equally impressive former IRS commissioner, Charles Rossotti. The…

The Flat Tax: Improving on a Good Idea

Steve Forbes has done a commendable job spelling out why America's tax system must be simplified. Scrap the mind-numbingly complex, loophole-filled, savings-averse code, advises the editor-in-chief of…

Tax and Social Security Reform: Thinking Outside the Box

This study examines the effects of fundamental tax reform as well as combining tax reform with fundamental Social Security reform.

Kerry Tax Plan: “Them” versus “Us”

A key element of the John Kerry-John Edwards campaign is an us-versus-them theme - where "us" are the poor and middle class and "them" are the greedy rich -famously characterized by Edwards as "Two Am…

Benefits of the Bush Dividend Tax Cut

One of America's largest publicly owned corporations recently announced the biggest stock dividend payment in history: some $37 billion. Tens of thousands of workers and retirees will benefit from Mic…

Bush Savings Incentives

In the 2004 Budget, President Bush proposed to simplify and expand saving incentives. Instead of choosing from among a bewildering array of narrowly focused accounts, individuals would be able to save…

Deficits and Taxes

The president's budget for fiscal year 2005, which starts October 1, 2004, projects that the deficit will be cut in half as a percentage of gross domestic product (GDP) by 2010. After record deficits…