Publications -- Taxes

BA #418 – 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 insurance taxes this year.

ST #252 – The Economic Cost of the Social Security Payroll Tax

The payroll tax that funds Social Security, Medicare and Disability Insurance, called FICA, is already the largest tax most American families pay. In the future, it will claim an even greater share of Americans' incomes. From its current level of 15.3 percent (combining the employer and employee shares), the payroll tax will need to rise above 25 percent of workers' incomes by the middle of the century in order to pay benefits to today's teenagers when they retire.

BA #403 – Texas Charter Schools: Do They Measure Up?

Charter schools are independent public schools that are freed from many of the bureaucratic rules and regulations preventing innovation and flexibility in traditional public schools.

BA #394 – Analyzing the 2002 Social Security Trustees Report

Is Social Security in financial trouble? If you believe a press release issued by the Trustees of the Social Security and Medicare Trust Funds, the answer is no. If you go to the fine print of their annual report, however, the answer is a resounding yes.

ST #250 – 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 1950s, when most women, certainly most mothers, were not in the workforce.

ST #249 – 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 convince Americans that saving through tax-deferred retirement accounts results in lower lifetime taxes.

BA #385 – Social Security Reform: The NCPA's 'Hybrid' Plan

President Bush's Commission to Strengthen Social Security moved the Social Security reform discussion forward. However, despite the commission's hard work, its findings are not the final word in the debate. As Congress takes up the discussion, it should consider the "hybrid" reform plan proposed by the National Center for Policy Analysis. The NCPA plan combines the most attractive features of major plans developed by both Republicans and Democrats over the past several years. It includes no benefit cuts for those who contribute to a personal retirement account (PRA) and no tax increases.

BA #387 – Two Cheers for the Commission to Strengthen Social Security

President Bush created the Commission to Strengthen Social Security in May 2001 to develop a plan to reform the nation's retirement system. The commission's final report to the White House includes three broad frameworks for reform and leaves it up to Congress and the administration to develop the details.

BA #384 – Tuition Tax Credits: A Model for School Choice

Parents seeking educational opportunities for their children are now finding more options available to them. Inspired largely by the success of Arizona's Tuition Tax Credit Program, a number of states are establishing tax credits to support scholarships that families may use to send their children to both public and private schools.

BA #382 – Is the Stock Market Too Risky for Retirement?

Now that President Bush's Commission to Strengthen Social Security is preparing its report for release later this year, the debate on the wisdom of investing in the stock market is again at center stage. As we choose which option, if any, will replace Social Security's present financing, the behavior of our stock market over the last three-quarters of a century clearly suggests that it should be one of the considered choices.