Taxes

Elderly Taxpayers And The Capital Gains Tax Debate

In order to correct the unfairness in the present tax code and encourage a higher national saving rate, we should index capital gains and other investment income for the effects of inflation, exempt c…

The Bush Savings Plan

Almost everyone agrees that the current method of taxing capital gains is harmful and unfair. Although personal income tax rates are inflation-indexed, there is no similar protection for people who ma…

Employee Benefits Law: The Case For Radical Reform

Each year Ametica "spends" $105 billion in tax deductions for employee benefits. The deductions cause the tax rates for all taxpayers to be higher than they otherwise would be. The justification is th…

Taxing Capital Gains

A capital gain is the difference between the sales price and the purchase price of an asset. Under current law, this gain is taxed at the same tax rate as ordinary income. Although the tax code is ind…

Taxing the Savings of Elderly Americans

An elderly widow living on a small Social Security benefit and $24,000 of income from interest, dividends, and a pension annuity faces a 1989 marginal tax rate of 48.3 percent. This extraordinarily hi…

Child Care Tax Credits: A Supply-Side Success Story

The federal government is going to subsidize child care, which approach is better: tax credits for working families or another government spending program? The current system relies on tax credits and…

The Elderly: People The Supply-Side Revolution Forgot

Elderly taxpayers now face the highest marginal tax rates ever imposed on middle-income Americans. In some cases, elderly workers who earn a dollar will lose more than a dollar in taxes and lost Socia…

Taxation And Economic Growth: The Emerging Consensus Among The Experts

Whether measured in terms of investment, capital used per hour worked, or labor productivity, the performance of the U.S. economy over the past decare has been poor: