Taxes

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The federal estate tax has been instituted and repealed several times.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…

The Case For The Tax Cut

Congress has passed a 10-year $792 billion tax cut bill that President Clinton has criticized as "gargantuan" and has vowed to veto. Put in perspective, however, the tax cut is small, and is justified…

Why All Taxpayers Deserve a Tax Cut

The tax burden is measured in different ways, but by almost every measure, federal taxes are at an unprecedentedly high level, Congress can solve that problem by moving quickly to reduce the tax burde…

The International Importance of Low Tax Rates

During the 1980s more than 50 countries including the United States and the United Kingdom sharply reduced their highest tax rates, particularly on capital. However, in the early 1990s most of the lar…

Tax Briefing Book

This book covers the burden of taxation, taxes and growth, spending and deficits, tax fairness, taxes on Work, and other tax issues.

The Underground Economy

Internal Revenue Service Commissioner Charles Rossotti recently estimated that the federal government is losing $195 billion per year in revenue due to the failure of people to report income and pay t…