Taxes

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…

Why the Capital Gains Tax Rate Should Be Zero

Proponents of cutting the capital gains tax rate cite economic studies showing increases in economic growth and realizations of gains, and even higher revenue for government. Opponents argue that a ca…

The Marriage Penalty: A Tax On Working Couples

The most significant change in the U.S. labor force in the last 60 years has been the increasing participation of women. Women now account for 46 percent of the total U.S. workforce, and nearly half o…

If You Like Complicated Hidden Taxes, You'll Love Phase-outs

The Tax Code is littered with rules that phase out various deductions, exemptions and credits as taxpayers' incomes rise. These rules create hidden increases in marginal tax rates for unsuspecting cit…

Repeal the Grave-Robbing Tax

A key component of President Bush's tax plan is eliminating the gift and estate tax, also known as the "death tax." This tax hits estates of more than $1 million in net assets with rates as high as 55…