Taxes

Measuring the Burden of High Taxes

Not only would Americans have a higher standard of living if the tax rate had been at 21 percent of GDP, but based on public spending and indicators of social progress, it appears that the marginal be…

Taxing the Poor
In its haste to enact one of the largest tax increases in U.S. history, Congress has done precious little analysis of the social and economic impact of the proposed tobacco bill.
The Middle-Class Tax Squeeze

Since the sweeping tax cuts of 1981, little has been done to directly benefit middle-income American families - those with taxable earnings between $30,000 and about $65,000 a year. During that period…

The Marriage Penalty

A marriage penalty results when a married couple pay more taxes by filing jointly than they would pay if each spouse could file as a single person. A couple face the marriage penalty only when both sp…

The 1997 Budget Deal - What It Means to Taxpayers

The Taxpayer Relief Act of 1997 is important more as a political statement than for its economic impact. As the first major tax cut since 1981, it marks the end of the paralysis in fiscal policy that…

Can the IRS Be Reformed?

Since ancient times, people have feared and suffered at the hands of tax collectors. The ancient writer Lactantius tells us that Roman tax collectors would always double the tax when they were sent to…

The Case for Abolishing Death Taxes

The estate tax is a bad tax. It raises little revenue. It does not redistribute wealth. It imposes large costs on the economy. And it is complicated and unfair. It should be abolished.

Why Treasury's Numbers Don't Add Up

One of the most important factors in evaluating tax legislation is the distributional impact of the tax changes. The Treasury Department produces tables showing the effects of tax cuts and tax increas…