Taxes

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…

Wealth, Mobility, Inheritance And The Estate Tax

The federal estate tax has been instituted and repealed several times. Usually it has been seen as a source of revenue, rather than a means of redistributing wealth. But the current tax is clearly des…

Why Death Taxes Should Be Abolished

While the tax is insignificant in terms of federal revenue, it is very significant economically. It wastes resources. It discourages work, saving and investment. And it does virtually nothing to equal…

Income Distribution

Almost daily, left-wing organizations - Citizens for Tax Justice and the Center on Budget and Policy Priorities are two of the most prominent - have been publishing attacks on the House and Senate tax…