Big Employers Extorting States, Pocketing Employee Income Tax Withholding
Wonder why states are broke? It isn't just the global financial crisis induced knock-on effects of a plunge in tax receipts and a rise in social safety net payments. Nor is it just pension fund time bombs (note that despite the press hysteria, the problem is unmanageable only in a comparatively small number of states,...
"High Tax Rates Won’t Slow Growth"
Peter Diamond and Emmanuel Saez: High Tax Rates Won't Slow Growth, by Peter Diamond and Emmanuel Saez, Commentary, WSJ: The share of pre-tax income accruing to the top 1% of earners in the U.S. has more than doubled to about...
Number of the Week: Smaller Tax Refunds This Year
The U.S. Treasury has paid out less this year in tax refunds than last. That could disappoint consumers, but may be good news for politicians.
Vital Signs: Tax Revenue Growing
State tax collections increased 3.6% in the fourth quarter of 2011 from a year earlier, compared with 5.6% year-on-year growth in the previous quarter.
"Our Tax System is on the Wrong Track"
Brad DeLong has a warning: I am Cassandra. I am here to warn you that on taxes America has, over the past generation, gotten itself onto the wrong track. A generation or so ago, we had a federal tax system...
"An Election-Year Giveaway Unlikely To Create Any Jobs"
Bruce Bartlett: Do Small Businesses Create Jobs?, by Bruce Bartlett, Commentary, NY Times: ... Congress is, of course, always keen to find ways of aiding small businesses, which are akin to mom and apple pie in its eyes. Just recently,...
"The Migration Myth"
Greg Mankiw argues that: If people feel that their taxes exceed the value of their public services, they can go elsewhere. They can, as economists put it, vote with their feet. How much evidence is there that people actually do...
"The Migration Myth"
Greg Mankiw argues that: If people feel that their taxes exceed the value of their public services, they can go elsewhere. They can, as economists put it, vote with their feet. How much evidence is there that people actually do...
Where Do Our State Tax Dollars Go?
Via the CBPP:
... States spend more than half of our tax dollars on education and health care, on average.
