For years many economists and financial market analysts have warned that government spending will place a burden on future generations. According to IRS data, 61…
Posts tagged as “income tax”
Non-profit investigative journalism site ProPublica has obtained mountains of tax information, including data on the wealthiest 25 individuals in the United States. The claim promoted…
Elizabeth Warren and Bernie Sanders promise that a (likely unconstitutional) wealth tax will allow the United States to pay for all sorts of new and…
Bernie Sanders suggests billionaires should not exist. Elizabeth Warren comes close. Both of their wealth tax plans would eventually stop collecting money or at least stop…
Despite the popularity of Rep. Alexandria Ocasio-Cortez and other populist figures in the Democratic Party, I do not believe that “demography is destiny” accurately reflects…
Sen. Elizabeth Warren’s (D-Mass.) has proposed a “wealth tax” on individuals with wealth valued at more than $50 million. After $1 billion in wealth, the…
Americans, especially exurban and rural Americans, distrust the federal government to spend tax revenues wisely. The great divide in the United States is Urban-vs-Rural —…
This campaign season in the United States is already producing some meme myths on social media. One I keep seeing is the “90% tax rate”…
NOTE August 8, 2017: The marginal and effective U.S. Tax rates mentioned in this 2011 post have been supported by research conducted by Thomas Piketty (Paris School…