Posts tagged taxation

From foreignaffairsmagazine:


America the Undertaxed — U.S. Fiscal Policy in Perspective
Compared with other developed countries, the United States has very low taxes, little income redistribution, and an extraordinarily complex tax code. If it wanted to, the government could raise taxes without crippling growth or productivity. Tax reform is ultimately a political choice, not an economic one — a statement about what sort of society Americans want.


I, for one, am a big fan of the value added tax (VAT). Or what you might call a national sales tax. It’s incredibly simple and if you didn’t want to pay taxes, well, you could just buy less crap.

From foreignaffairsmagazine:

America the Undertaxed — U.S. Fiscal Policy in Perspective

Compared with other developed countries, the United States has very low taxes, little income redistribution, and an extraordinarily complex tax code. If it wanted to, the government could raise taxes without crippling growth or productivity. Tax reform is ultimately a political choice, not an economic one — a statement about what sort of society Americans want.

I, for one, am a big fan of the value added tax (VAT). Or what you might call a national sales tax. It’s incredibly simple and if you didn’t want to pay taxes, well, you could just buy less crap.

From npr:

newshour:
Check how your income would be taxed at different countries’ marginal tax rates.
And a look at the history of taxes in the U.S. from Paul Solman.

Tax debate, meet reality. 

From npr:

newshour:

Check how your income would be taxed at different countries’ marginal tax rates.

And a look at the history of taxes in the U.S. from Paul Solman.

Tax debate, meet reality. 

Economist Daily chart: which governments take the biggest chunk from a $100,000 salary? Belgium’s government grabs the highest share from earnings of $100,000, at almost 48%. Between 2003 and 2009, the highest tax rates on personal income declined. But last year they increased by 0.4% as governments sought to reduce deficits.

Economist Daily chart: which governments take the biggest chunk from a $100,000 salary? Belgium’s government grabs the highest share from earnings of $100,000, at almost 48%. Between 2003 and 2009, the highest tax rates on personal income declined. But last year they increased by 0.4% as governments sought to reduce deficits.

A comparative perspective on the US tax rates (one of the lowest in the world, actually). From thenewrepublic:

Jonathan Cohn wants Congress to raise his taxes.

Happy Tax Day. And I mean that sincerely. I don’t like parting with my money any more than you do. But I like what my tax dollars buy. Public schools. Safe food and consumer products. National security. The post office. Guaranteed income and health insurance for my aging parents, plus (soon) a guarantee of health insurance for my immediate family.

A comparative perspective on the US tax rates (one of the lowest in the world, actually). From thenewrepublic:

Jonathan Cohn wants Congress to raise his taxes.

Happy Tax Day. And I mean that sincerely. I don’t like parting with my money any more than you do. But I like what my tax dollars buy. Public schools. Safe food and consumer products. National security. The post office. Guaranteed income and health insurance for my aging parents, plus (soon) a guarantee of health insurance for my immediate family.

Interesting breakdown of what the average American pays for in taxes. I would like to see a similar breakdown for other countries, both in the developed & developing world.
npr:

An itemized list of where a typical earner’s taxes go would include  $625.51 for Medicare,  $229.17 for combat in Iraq and Afghanistan, and  $28.09 for NASA. See a receipt of other things that made the list.

Interesting breakdown of what the average American pays for in taxes. I would like to see a similar breakdown for other countries, both in the developed & developing world.

npr:

An itemized list of where a typical earner’s taxes go would include $625.51 for Medicare, $229.17 for combat in Iraq and Afghanistan, and $28.09 for NASA. See a receipt of other things that made the list.

It’s always interesting to actually compare tax rates around the world. So many of my students believe taxes are “too high” — but this should always be relative. Too high compared to what, exactly?
theeconomist:

Daily Chart: let’s get fiscal. Which government takes the biggest bite out of an income of $100,000? Croatia, Hungary and India top our taxation table.

It’s always interesting to actually compare tax rates around the world. So many of my students believe taxes are “too high” — but this should always be relative. Too high compared to what, exactly?

theeconomist:

Daily Chart: let’s get fiscal. Which government takes the biggest bite out of an income of $100,000? Croatia, Hungary and India top our taxation table.