How do financing methods affect the long-run burdens of tax cuts? Q.How do financing methods affect the long-run burdens of tax cuts? A.Tax cuts are financed through reductions in current outlays or higher government debt that will eventually have to be repaid. But the distributional effect of reduced government services and the debt are excluded from standard distributional tables. Read more about How do financing methods affect the long-run burdens of tax cuts?
What would the tax rate be under a broad-based income tax? Q.What would the tax rate be under a broad-based income tax? A.That depends on what exclusions, credits, and deductions are left in and whether revenue neutrality is a must. Read more about What would the tax rate be under a broad-based income tax?
What did the American Taxpayer Relief Act of 2012 do? Q.What did the American Taxpayer Relief Act of 2012 do? A.The American Taxpayer Relief Act of 2012 made permanent most of the income tax cuts enacted between 2001 and 2010 and extended other temporary tax provisions for between one and five years. Read more about What did the American Taxpayer Relief Act of 2012 do?