Michael Lewis is a brilliant writer who has brought clarity and insight to the sometimes arcane worlds of Wall Street, baseball, and parenting. In his...
This article was published as part of the Tax Note series "The Legacy of the TRA '86." As current budget pressure forces us to consider tax reform as a means of raising revenue, past reforms provide us some valuable lessons. Reforms typically begin with a consensus that something is broken and that
Eugene Steuerle testifies before the Senate Finance Committee on "Tax Reform Options: Incentives for Charitable Giving," presenting options on how to increase tax revenues with minimal impact or perhaps even an increase in charitable giving. Among other recommendations, he suggests a floor under
Herman Cain’s plan would eliminate the current individual income tax, corporate income tax, payroll tax, and estate and gift tax and substitute three taxes imposed at a 9 percent rate: a 9 percent “national sales tax,” a 9 percent “business flat tax,” and a 9 percent “individual flat tax.” Based on
Fully phased in distribution of federal tax change, by cash income level, of presidential candidate Herman Cain's 9-9-9 Tax Reform Plan without poverty deduction, measured against current law.
Fully phased in distribution of federal tax change, by cash income percentile, of presidential candidate Herman Cain's 9-9-9 Tax Reform Plan without poverty deduction, measured against current law.
Fully phased in distribution of federal tax change, by cash income level, of presidential candidate Herman Cain's 9-9-9 Tax Reform Plan without poverty deduction, measured against current policy.
Fully phased in distribution of federal tax change, by cash income percentile, of presidential candidate Herman Cain's 9-9-9 Tax Reform Plan without poverty deduction, measured against current policy.
Distribution of federal tax change and tax units who no longer pay income tax, by cash income percentile, resulting from excluding realized capital gains, dividends and interest income from taxation.
This year marks the 100th Anniversary of California's initiative process. In 1911, California famously adopted the direct initiative process and ballot box decision-making has become almost as synonymous with the Golden State as beaches, hi-tech innovation, and Hollywood. While 75% of voters in
The federal individual income tax has had many more brackets and much higher rates in the past than it does today. In 1958, for example, there were 24 brackets (versus 6 today) and the top rate was 91 percent (versus 35 percent today). The impact of more brackets and higher rates on taxpayers and
This year marks the 100th Anniversary of California's initiative process. In 1911, California famously adopted the direct initiative process and ballot box decision-making has become almost as synonymous with the Golden State as beaches, hi-tech innovation, and Hollywood. While 75% of voters in
