Daily Policy Digest
Tax and Spending Issues
| Dispelling the Myths: Toll and Fuel Tax Collection Costs in the 21st Century The cost of collecting motor fuel taxes is greater than the widely believed 1 percent of the revenue collected... |
| Higher Gas Tax Unlikely to Gain Support in U.S. Congress Since the gasoline tax aids in federal funding for transportation infrastructure, a failure to increase it would likely result in new ways to fund infrastructure projects... |
| Tax Exodus: Five States that Residents Are Fleeing People have begun to move to different states to avoid increased taxation, resulting in a net loss of revenue for some states... |
| Danish Government Rescinds Its Unwieldy Fat Tax After Denmark instituted a tax on saturated fats, 48 percent of families simply went to neighboring countries to stock up on fatty foods... |
| Two-Thirds of Millionaires Left Britain to Avoid 50 Percent Tax Rate About 10,000 fewer people reported an annual income of more than £1 million in the United Kingdom after a 50 percent tax rate was introduced on top earners before the 2010 election... |
| State and Local Property Taxes Target Commercial and Industrial Property Commercial properties face higher tax rates than residential properties in 39 states... |
| Why $16 Trillion Only Hints at the True U.S. Debt The actual liabilities of the federal government -- including Social Security, Medicare and federal employees' future retirement benefits -- already exceed $86.8 trillion, or 550 percent of gross domestic product... |
| Buffett Tax on Rich Will Hurt Average Americans Last year, according to the Treasury Department, the U.S. deficit was $1.1 trillion; a Buffett-style 30 percent tax on all millionaires would generate just $5 billion... |
| Myths and Realities of Social Security Replacement Rates Social Security's replacement rate is intended to provide equity in benefits over time, but there are some misunderstood features that have some unintended consequences for the overall evaluation of the program... |
| Germany Promotes Competition with Shift to Territorial Taxation System To make its companies more competitive internationally, Germany reduced the combined tax rate on corporate income from 56 percent to 30.2 percent in 1998... |
