taxation   3002

« earlier    

Paul Krugman Seems to Think It's 1955 When It Comes to Taxes / by John Steele Gordon (Commentary, 2019/01/07)
“I can only assume [Krugman] thinks that the rich vote Republican, as they did in the 1950’s when the Republicans were still the country club party and the Democrats the party of the working stiffs. Today, Republicans are the party of the upwardly mobile middle-class, and the Democrats are the party of the elite and the government-dependent. Both Barack Obama and Hillary Clinton easily carried a majority of voters earning over $250,000 a year.”
PaulKrugman  Taxation  JohnSteeleGordon 
14 days ago by cbearden
'Generational divide': UK split by age over tax rises for public services | Politics | The Guardian
Cox added that the findings showed that “traditional left-right politics is being flipped on its head, as under-45s back lower taxes and a smaller state, despite overwhelmingly voting Labour in the last election, while Conservative-leaning voters over 65 back higher taxes and spending”.
O_o  uk  taxation  labour  conservatives  youngpeople 
6 weeks ago by libbymiller
The “Tax the Rich” Delusion of the Democratic Left
“America’s federal tax code is already the most progressive in the OECD, even adjusting for income inequality. The Congressional Budget Office reports that the top-earning 20 percent of taxpayers earn 53 percent of the income, yet pay 69 percent of all federal taxes, including 88 percent of all income taxes. The bottom 40 percent of earners earn 14 percent of the income while collectively paying no income tax, and less than 5 percent of all federal taxes. Tax code regressivity is not the problem.”
IncomeTax  Taxation  BruceRiedl 
6 weeks ago by cbearden
T18-0128 - Tax Units with Zero or Negative Income Tax Under Current Law, 2011-2028 | Tax Policy Center
Number and percent of tax units that do not owe a positive amount of individual income tax, as well as those who do not owe a positive amount of individual income or payroll tax, for calendar years 2011 through 2028. Baseline is the law in place for each year as of September 5, 2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
Taxation  America  IncomeTax 
9 weeks ago by cbearden
Negative Gearing and Welfare: A Quantitative Study for the Australian Housing Market
This paper explores the implications of negative gearing tax associated with housing
investment by conducting a quantitative study of the Australian housing market. We
build a general equilibrium overlapping generations model with incomplete markets
and heterogeneous agents which features income taxes and negative gearing tax that are
consistent with the Australian practice. Comparing across the stationary equilibria with
and without negative gearing tax, we find that removing negative gearing would result
in lower house prices, higher rents and homeownership rate. Improvements in homeownership
rate are observed predominantly among young and middle-aged households
who are relatively poor. The welfare analysis suggests that eliminating negative gearing
would lead to an overall welfare gain of 1.5 percent for the Australian economy in
which 76 percent of households become better off. However, the welfare effects are heterogeneous
across different households. Renters and owner-occupiers are winners, but
landlords, especially young with high earning landlords, lose
rba  finance  realestate  property  investment  taxation  www.rba.gov.au 
10 weeks ago by philippe3000

« earlier    

related tags

1%  10%  1970s  1980s  20%  2008  2018  actoninstitute  africa  age  ageing  alexandria-ocasio-cortez  amazon  america  anti-semitism  aoc  apple  art  article  austerity  australia  basic-income  batchelder  bc  bennism  blairism  brackets  brexit  britain  bruceriedl  business  calls  canada  capitalism  carbonemissions  cash_transfers  centrism  china  class  climate.change  climatechange  coal  code  comment  consensus  conservatives  corbynism  corbynjeremy  corporations  corruption  countries  country  critique  culture  customs  dataviz  dates  dc:creator=finlaysonlaura  dctagged  degiro  democrats  deregulation  earnings  ebay  ecommerce  economics  economy  editorial  education  eitc  elderly  environment  epa  estate  estate_tax  etf  eu  europe  executivepay  farright  fear  finance  financialcrisis  fossilfuels  fr:economy  gabriel.zucman  gas  georgism  germany  gift  global_inequality  globalization  globalwarming  google  goreal  government  health-care  healthcare  history  housing  identification  ihra  immigration  income-inequality  incometax  industry  inequality  inheritance_taxes  internet  investment  ippr  israel  japan  joecarter  johnsteelegordon  krugman  labor  labour  labourparty  land  land_value  land_value_tax  life  livingstandards  loans  london  lrb  luxembourg  makerdao  marginal-rates  marginal-tax-rates  marginal  marginalrevolution  marketisation  marketplace  mentalités  middle-class  misc  money  nasa  neoliberalism  nhs  nike  nyt  nytimes  o_o  offshore  ott  paul-krugman  paulkrugman  perceptions  philanthropy  philosophy  phone  piketty  plutocracy  policy  politics  pomerancerafe  population  poverty  profit_shifting  property  public  publicservices  publishing  rate  rba  reaganronald  realestate  redistribution  reform  regulation  renewables  response  revenue  scandinavia  science  services  social_justice  social_wealth  social_wealth_funds  socialcare  society  socioeconomics  sports  starbucks  state  stocks  swf  tax-rates  tax.havens  tax  tax_havens  taxes  taxrate  theverge  theweek  toryparty  tuitionfees  tylercowen  ubi  ubi_funding  uk  ukpensions  unions  urbanization  usa  usa:economy  uspoli  value  value_added_tax  vancouver  vat  violence:terrorism  wages  wealth  welfare-state  welfare  welfarestate  work  www.rba.gov.au  youngpeople  youth  zambia  zucman 

Copy this bookmark:



description:


tags: