Taxes

Does It Pay to Work?

What is the economic reward for working? The answer is surprisingly complicated. Going to work, earning a living, and spending one's earnings over time raises a variety of taxes and government benefit…

The IRS vs. Foreign Investment
Foreigners have invested more than $1 trillion in capital in the United States since 1984, when Congress and the Reagan administration established a policy of not taxing interest they earn on U.S. ban…
Investor Tax Relief
With continued sluggishness in the economy, the Bush administration is looking at new tax initiatives that will have a quick, positive impact on growth. However, the key to truly helping the economy i…
Cigarette Smuggling
Diverse state tobacco taxes are a key reason for cigarette smuggling, in which organized crime and terrorist groups increasingly are involved.
Repeal the Federal Job Tax
Employment has declined in most states, but the federal government continues to tax it. Employers in the 50 states will send an estimated $7.2 billion to Washington, D.C., in federal unemployment insu…
Women and Taxes

Largely for historical reasons, the American tax system is disconnected with the way women participate in the economy. The major elements of the tax system were put in place in the 1930s, 1940s and 19…

Tax-Favored Savings Accounts: Who Gains? Who Loses?

Recent legislation greatly expands the limits on tax-deferred savings accounts, including 401(k) plans and IRAs. This legislation is the latest in a quarter century effort by the federal government to…

Tax Relief For The Uninsured: Scholarship vs. Political Hype

People with employer-provided health insurance receive a substantial tax saving because this benefit is not taxed as income. On the other hand, people who buy their own insurance must do so with after…