Taxes

The Case For An Across The Board Tax Rate Reduction

Federal taxes have reached their highest level in history. To bring federal taxes to a tolerable level will require not just tax reform, but a complete overhaul of the federal budget as well.

Fighting the Rising Tax Burden

Recently released data from the Department of Commerce reveal that federal, state and local taxes consumed a record 31.3 percent of gross domestic product last year - the highest level in U.S. history…

The Economic Effects of A Flat Tax

Using an economic model published in several peer-reviewed journals - a computable general equilibrium (CGE) model - this study examines the effects of a 17 percent flat tax on the various sectors of…

Tax Reform's Third Rail: Mortgage Interest

The mortgage interest deduction has long been considered the untouchable third rail of tax reform. However, a close look at a flat-rate tax suggests that, on balance, homeowners would gain more from i…

Principles of a Flat Tax

There is a better way of taxing. Under a flat tax, all income is taxed, and it is taxed at the same rate. Furthermore, income is taxed only once, at its source, when it is realized.

Benefits of the Flat Tax

A flat or single-rate income tax would replace the current system of five rates and hundreds of deductions, credits, exclusions, etc. This change is grounded in widely accepted principles of taxation.

Poor Gain (Proportionately) the Most From Capital Gains Tax Cut

As Congress considers whether to reduce the tax on capital gains, much of the debate has focused on who would benefit from such a reduction. Opponents claim that those with high incomes would gain dis…

Tax Fairness for the Elderly: Eliminating the Social Security Earnings Penalty

Social Security recipients under age 70 who earn more than a modest amount from wages or salary are America's most heavily taxed citizens.