Taxes
  • Monopoly

    Chart of the Day: Weak Effects of the Corporate Tax Cut

    By Michael Rainey

    Business investment has risen since the GOP tax cuts were signed into law by President Trump in 2017, but it’s not clear how much a contribution the tax cuts made to the relatively modest investment...

  •  U.S. President Trump hosts Medal of Honor ceremony for Atkins at the White House in Washington

    Trump’s ‘Terrible’ New Tax Cut Idea

    The Trump administration has been considering another tax cut that would primarily benefit the rich — and add about $100 billion to deficits over 10 years. The proposed change would reduce the taxes...

  • Who Isn’t Paying Income Taxes?

    By Michael Rainey

    Ten years ago, an economist at the Tax Policy Center calculated that 47% of Americans paid no federal income tax. That figure gained a degree of infamy in 2012 when presidential candidate Mitt Romney...

  • A Hanjin Shipping Co ship is seen stranded outside the Port of Long Beach, California, September 8, 2016. REUTERS/Lucy Nicholson/File Photo - RTSS0CF

    Number of the Day: $63 Billion

    The U.S. Treasury collected $63 billion in tariffs over the 12 months through June up from about $30 billion a year before, The Wall Street Journal reports . Tariff revenue is on pace for $72 billion...

  • When the Social Safety Net Is a Smart Investment

    By Michael Rainey

    Social welfare programs in the U.S. are sometimes seen as expenses that lawmakers should attempt to minimize, but a new paper from two economists at Harvard University shows that some programs...

Taxes Directory

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