Questions tagged [taxes]

Taxation consists of mandatory payments from taxpayers to the state.

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0answers
38 views

Taxing companies owned domestically, but registered abroad

In a book by economists Saez and Zucman, they state the following: In 1936, dozens of wealthy Americans had created offshore shell companies, to which they had transferred the ownership of their ...
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What prevents a government from taxing its citizens living abroad?

South Africa recently introduced new legislation that means many citizens working abroad that were previously exempt from paying income tax are now required to do so. It is also common knowledge that ...
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More Than 40 Years Later---1040 Capital Losses are Still Capped at $3000 (Politically, Why?)

A couple of days ago, I posted this question on the LAW stack exchange: https://law.stackexchange.com/questions/59618/when-did-u-s-tax-code-limit-the-personal-capital-loss-deduction-to-3000 From a ...
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How would one justify public funding for non-STEM (or unprofitable) college majors to a non college educated taxpayer?

I'm curious what kind of arguments one could give to justify to someone without a college education that they would have to pay for someone else's education that they themselves never received. With ...
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Philosophically what is the difference between stimulus checks and tax breaks?

For example, Republicans are for tax cuts, and Democrats are against them. On the other hand, Democrats are for stimulus checks and Republicans against. But the net effect of both seems to be the same,...
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Is it economically viable to replace property taxes and consumption taxes with local income taxes? What are the downsides of such a proposal?

In the United States, most counties and cities levy property taxes and consumption taxes to fund local budgets. Consumption taxes are regressive, and property taxes can be burdensome on senior ...
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What does it mean when something is said to be “owned by taxpayers”?

There are 470,000 results on Google Search for "owned by taxpayers". Some excerpts: RBS remains 62% owned by taxpayers after a 45 billion pound bailout in the 2008 financial crisis. (...
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Is any government considering taxing remote work more than “regular” work?

Deutsche Bank proposed a 5% tax for remote work as remote workers enjoy several benefits such as more safety (e.g. from COVID), reduced costs due to less traveling and less socializing. A research ...
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Why is active income taxed more than passive income?

In the United States, ordinary wage income is taxed at a much higher rate than capital gains. It changes from year to year but in general the maximum bracket is 35% vs 25%. This is counter intuitive ...
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1answer
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What advantages does a super PAC enjoy compared to other corporations/nonprofits, especially 501(c)(4)s?

Sorry if this has already been addressed: If I understand correctly, US corporations can make unlimited independent expenditures on US elections after Citizens United v. FEC. Again if I understand ...
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How can governments convert informal work into formal work?

In Argentina, it is estimated that about 48% of all work is informal or off-the-books work which is not reported to the government or properly taxed. This hurts the government's tax revenue and can ...
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Can a reduction of employer taxation lead to more equal income?

In Argentina, it's usually said that the economic burden on employers is very heavy (just an example). So much so that, if it were lifted, more people would become employed, but I don't quite ...
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Why is avoiding, or even evading, taxes by elected U.S. officials a big deal? [closed]

In United States, politicians often criticize each other for allegedly avoiding, or even evading, taxes. For example, Donald Trump heavily criticized President Barack Obama for paying only 20.5%: …...
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Why is Fringe Benefits Tax the same as the highest tier as of Income Tax

In Australia FBT is currently 47%, which matches the income tax rate paid by anyone earning over $180,000 (45% income + 2% Medicare levy). It seems like Fringe Benefits would cost more for anyone ...
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Where does Starbucks Europe pay taxes?

I've heard that when Starbucks was doing tax evasion (by exporting all their benefits in the Netherlands and then claiming that they don't have any benefits in the UK and France for example). I've ...
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Was the U.S. IRS instructed to give Congress Donald Trump's tax records; if so, have they?

With the recent ruling by the Supreme Court letting Manhattan prosecutor pursue Donald Trump's financial records, it rejected President Trump’s bold claims of immunity from local law enforcement and ...
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Do the US and most EU countries effectively have a flat income tax system?

In the US and most EU countries, there is a progressive income tax system. However, income tax is not the only tax and there many other direct and indirect taxes. Almost all other taxes, such as ...
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How much, in taxes, does a typical American taxpayer pay toward public libraries?

I'm looking for an average or estimation of how much money public libraries cost a typical American taxpayer.
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Is the British Immigration health surcharge unique in the world?

People moving to the UK for longer than six months are required to pay an Immigration health surcharge. I.e., they pay a tax when they request a Visa to be allowed to use the National Health Service (...
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1answer
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What prevented the Tampon Tax from being abolished?

Today, in his first Budget speech, the Chancellor of the Exchequer, Rishi Sunak, has announced that "now that we have left the European Union", the Tampon Tax - the controversial imposition of VAT on ...
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Why don't Canada and Hong Kong tax the poor less, when they have sovereign wealth funds of $549B and $457B USD? [closed]

I live in Ontario and I have students from Hong Kong. I'm relying on Wikipedia for figures. Canada has 37.6 million people, and HK 7.4. Then sovereign fund wealth per capita = $14 601 in Canada and ...
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Is there a summary of Johnson's government plans to defund the BBC (assuming this is correct)?

According to CNN Johnson's government announced plans that pave the way to removing the BBC's public funding model. Johnson's government has been locking horns with the BBC virtually since he came ...
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Would policies that forced millionaires and billionaires to inject significant amounts of their wealth back into the economy cause inflation?

By my knowledge of the current situation, the majority of the wealth in many countries is held by a few individuals with incredible amounts of wealth. Much of it is in the form of stock options and ...
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Is Bill Gates correct about Warren's tax plan? [closed]

In an interview Gates said: When you say I should pay $100 billion then I'm starting to do a little math about what I have... leftovers Turned out it was a joke, as he added "Just kidding". But ...
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1answer
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Is there a comparison of the cost structure of residential electricity in the EU?

I can easily find the total cost of residential electricity for each country in the EU, but I would like to know/see how much of that is taxes and fixed network tariff. I could find such information ...
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Is there an index of state support for (the official) religion?

There is more than one index of religious freedom published, but I'm curious if another dimension of state involvement in religious life has been quantified, namely how much state support religious ...
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Why aren't we seeing carbon taxes in practice?

(I originally posed this question under economics -- https://economics.stackexchange.com/questions/33267/why-arent-we-seeing-carbon-taxes-in-practice -- where the consensus seems to be that in ...
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1answer
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Should taxpayers be allowed to vote where their taxpayer dollars go? [closed]

I am pondering over the pros and cons of having taxpayers submit via popular vote which federal executive departments or agencies they want their tax dollars to be allocated towards. This would appear ...
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1answer
234 views

How long does it take for the IRS to finish an audit?

Trump's tax returns have been in the media ever since 2016. He said then that he could not release his tax returns because they were under audit. Three years later, they are apparently still under ...
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Is VAT on private school tuition fees against EU law?

According to a leaked source, the Labour government plans to introduce VAT on private school fees to pay for free meals for all primary school pupils. But isn’t this clearly illegal under EU law? The ...
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What's the point on property taxes? [duplicate]

Why is it that in some western jurisdictions there's a notion of property tax? If a owner buys a property, why do they need to pay further and periodically for it, since it is namely theirs? I can ...
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Are there polls on US public support for a wealth tax?

Various Democratic candidates, including Warren and Sanders have proposed a wealth tax. Details differ between these plans, of course, but are there any polls on US public acceptance of a wealth tax ...
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Why is Trump releasing (or not) his tax returns such a big deal?

Why is it such a big deal that President Trump has not released his tax returns? Also, why would he make such a big deal about not releasing them, given that this just makes everyone more interested?...
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Brexit, EU tax evasion regulation, and the City of London

Articles (such as this one published by Foreign Policy and this one by BBC) and documentaries (such as 2017 film "The Spider's Web" described here) detail the history and extent of Britain’s "Empire ...
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Has the solidarity tax been successful in any country? [closed]

I have recently saw an older recording of an economist arguing that he does not know of any "successful implementation" of the solidarity tax. I have searched a little bit about this and found this ...
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Is the social contract invalid if I change jurisdiction? [closed]

Can I move to a different place and nullify the social contract (just somewhere else)? Does this destroy the moral justification for taxes?
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Why not demand President's/candidate's financial records instead of tax returns?

What significance could the information in Donald Trump's tax return have to his campaign? addresses what information could be gleaned from Donald Trump's tax returns if he allowed them to be ...
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126 views

GST/VAT tax. Why some countries return tax to tourists?

Some countries return tax to tourists in airports. I don't understand it. Why is it happening? What was the logic behind the decision? Why is it only related to purchase tax and not to income tax? ...
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Why states don't charge head taxes to reduce poverty? [closed]

Under current system, in most democracy, all people have a right to move anywhere. People in California have a right to move to Texas and via versa. We know that poor people are more likely to ...
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What do the advocates of single payer claim are the advantages of eliminating private health insurance?

Elizabeth Warren, Kamala Harris, and Bernie Sanders have all trumpeted the original meaning of Medicare for All: a single-payer health care system. The Medicare for All Act of 2017, sponsored by ...
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Are Common External Tariff levels in the EU agreed via qualified majority voting or unanimity?

Are Common External Tariff levels decided by qualified majority in the Council of Ministers? Or are these classified as taxation and therefore need unanimous agreement?
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Why isn’t the tax system continuous rather than bracketed?

In some countries like the US the tax system is bracketed rather than continuous. There would be some obvious trade offs, but would it be worth considering eliminating the marginal, bracketed tax ...
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3answers
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Can a government tax “land”?

This question is inspired by this other question also on Politics SE. My understanding of the way US law works (or in fact most property law in most of the developed world) is that, for various ...
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What is the logic behind charging tax _in the form of money_ for owning property when the property does not produce money?

I know that people living in comunities cooperate with each other when it comes to expenses to maintain the comunity. From what I understand, taxing property is a practice that started since before ...
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1answer
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How many US states still prohibit transportation of alcohol across state lines without a license, even for personal use?

Apparently Ohio still prohibits transportation of alcohol (even for personal use) across its state lines, without a license ("H permit"), while Pennsylvania legalized it in 2015/2016 and ...
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How is the excise border managed in Ireland?

There is a tax border between Northern Ireland and Ireland for excise. By "tax border" I mean a border across which tax is due. Although there has been a harmonisation effort within the EU for ...
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4answers
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Would taxing land be more simple than taxing income?

Why does US seem to have such a convoluted tax code? This one says that the US have 70k code. Most of which are loopholes for lobbyists I bet. Most make sense. I am a tourist that go to US for ...
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Has any country ever tried publishing the effective tax rate paid by its citizens?

I understand that Norway publishes the tax returns of all citizens, but this might be seen as unfair by some as it reveals individual's income. I'm wondering if any country has tried publishing the ...
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Does the US have a “Beauty Tax” on property?

Investopedia says that making your house look pretty is likely to cause an increase in taxes. ..more attractive homes often receive a higher assessed value than comparable houses that are less ...
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Is the President of the United States bound by state laws?

The state of New York is currently in the process of passing a law allowing Congress to access the state tax returns of elected officials and top appointed officials. This is seen as a potential "end-...

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