Taxes

Marriage Penalty Relief in the New Tax Law

Some things never seem to die. The marriage penalty is one of them. The new tax law benefits most married couples somewhat, but it does not eliminate the so-called marriage penalty for lower- and uppe…

Does It Pay Both Spouses to Work?

Social Security was created in an era in which the typical household consisted of a working husband and a stay-at-home wife. The structure of Social Security rewards that type of arrangement and penal…

The Bush Tax Plan: Tax Reform in the Making
President Bush has proposed a tax package to spur economic recovery and promote growth. The President's plan includes accelerating scheduled tax rate cuts, ending the double taxation of corporate inco…
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…