interest

Why the Next Debt Limit Debacle Might be Worse

Congress’s latest flirtation with debt-limit default caused barely a ripple in the financial markets. Rates on short-term Treasuries spiked in early October, before quickly subsiding...

December 3, 2013Benjamin H. Harris

Individual Taxes: TaxVox

Marginal Tax Rates Matter More than Average Tax Rates

Each year when I complete my federal income tax return, Turbotax tells me my average tax rate—how much tax I owe measured as a percentage...

October 9, 2012Roberton C. Williams