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…the federal income tax.” Maybe we even mean “impose a sales tax on the kind of luxury items rich people buy,” or “eliminate the favorable tax treatment for capital gains…

…the payroll tax and the tax credit). It would be more politically palatable than your typical topline cut to income tax rates. Because the payroll tax is capped at about…

…tax reform. For those new to the debate, a border adjustment tax is a tax on goods and services based on where they are sold rather than where they are…

…Here’s why. What Is the Estate Tax, Exactly? Here’s the Internal Revenue Service’s explanation of the Estate Tax: The Estate Tax is a tax on your right to transfer property…

…taxpayers’ deduction for state and local taxes to $10,000. That limit makes taxpayers in high-tax jurisdictions feel the impact of their local governments’ tax-and-spend policies more keenly, and those governments…

…tax evasion (illegally misrepresenting income and deductions to fraudulently lessen tax liability) and tax avoidance (legally using available deductions and other tax benefits to legitimately lessen tax liability). This difference…

…tax liabilities by relocating operations to countries with much lower corporate tax rates than their home countries. Ireland, for example, is known for its low corporate tax of 12.5 percent…

…tax break. Most lower-income people won’t be required to pay any taxes. Further, the Tax Cuts and Jobs Act greatly improves the tax code for lower- and middle-income families with…

…a pre-tax basis, workers would have to start paying income and payroll taxes on these dollars. Gimmick Factor: 5. This tax will absolutely hit the middle class, Warren’s claims notwithstanding….

…pay their taxes, and a 2.9 percent increase in the total taxes owed the Treasury by these public servants. 3. You probably pay more in Medicare and Social Security taxes…

…Earners Pay No Federal Income Tax About 44 percent of Americans who file pay no net income tax, either having no taxable income or tax liability and often getting more…

…taxes across the board. Research and modeling by Huaqun Li, Garrett Watson, and Taylor LaJoie for the Tax Foundation has determined that “After-tax income for all taxpayers shrinks by 1.7…

…and taxation, with taxation being the method authorities use when they want to pretend neutrality. Taxation is not an establishment question. It is a free-exercise question. Free Exercise Clause jurisprudence…

…tax deduction for state and local taxes, a tax code provision that previously masked the effects of the high taxes those same legislators have enacted. They have mulled all manner…

…Airlines: Domestic Transportation Tax (7.5%), Travel Facilities Tax ($8.40), U.S. International Transportation Tax ($17.20). The only significant difference between those taxes and the TSA ticket tax is that the creator…

…or rapidly. We are told that we are the only country without a border tax. But no other country border adjusts their corporate income tax, only their consumption taxes. However,…

…in lobbying become billions in tax breaks. Our tax code has winners and losers, and the winners fight tooth and nail to keep their subsidies. We rightly criticize tax concessions…

…celebrating. Governor Bush’s plan eliminates the death tax, which is an especially punitive form of double taxation. His proposal also gets rid of the alternative minimum tax (AMT), which is…

…tax in 1916. What then? Would a wealth tax become as much a part of American government as the income tax did 100 years ago? It’s unlikely, for the same…

…Some 30-40 percent of federal individual income tax filers itemize their deductions. Before the change, taxpayers could take an unlimited deduction on their property taxes and either their sales taxes…

…tax revenues and fewer jobs. By the way, I particularly appreciate the WSJ’s observation that tax competition and tax planning are good for high-tax nations since they enable economic activity…

…that they have more real-world understanding of how taxpayers (particularly upper-income taxpayers) respond when tax rates change? P.P.P.S. If the JCT approach is reasonable, why do international bureaucracies so often…

…Tax Reform versus Tax Rate Cuts Tax reform lowers the burden on taxpayers by both slicing rates and reducing brackets; it does not simply cut rates. Tax reform simplifies the…

…cliff. Even more troubling, that 35 percent top tax rate will be imposed on any taxable income above $75,000 for single taxpayers and $150,000 for married taxpayers. Since the 35…

…and OECD to undermine the liberalizing force of tax competition. They want to rewrite international tax policy to prop up nations with uncompetitive tax systems. [BEPS] would…lead to an overall…

…over the prior law, which allowed multinational firms to earn money tax-free in these tax havens and escape U.S. taxation. GILTI has a cousin in tax reform with the acronym…

…column by noting “the Laffer Curve refers to tax revenue, not economic growth. It says there is a tax rate at which tax revenue is maximized. The tax rate at…

…tax plan: HARWOOD: The Tax Foundation, which was alluded to earlier, scored your tax plan and concluded that you give nearly twice as much of a gain in after-tax income…

…economy at the expense of most taxpayers. Film tax credits only help a small slice of the economy at the expense of most taxpayers. Tax credits are more valuable than…

…of taxi medallions using highly leveraged financing. Freidman expanded a company with just a few taxis into a conglomeration of three- to five-car mini-fleets. As Freidman’s taxi empire grew, he…

…altogether. It may seem ironic that a populist, pro-worker tax reform could begin with what sounds like a handout to corporations. But it’s true. Remember, the corporate tax is not…

…$2,635 Obamacare Taxes Avoided (0.9% of Corporate Profits) $90,439 $29,131 $2,058 $818 Total Taxes Avoided $381,852 $122,997 $8,691 $3,452 To put this tax evasion into context, while the Bidens avoided…

After the House Ways and Means Committee passed the Tax Cuts and Jobs Bill, Republicans in the U.S. Senate released their own tax reform proposal last week. Some of the…

…combined in property taxes, city taxes, and state taxes—a not uncommon occurrence, given high salaries in the area and a top marginal tax rate (both state and city) of 14.8…

…taxes to local, state, and federal government,” they wrote in a fact check. “Federal tax laws provide important bipartisan tax incentives to encourage specific economic activity — including investments in…

…the proposal. The original flat tax, championed by the economists Robert Hall and Alvin Rabushka, which formed the basis of Steve Forbes’s flat-tax proposal in 1996, is a single-rate tax…