Questions tagged [taxes]

Taxation consists of mandatory payments from taxpayers to the state.

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16
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4answers
8k views

Why are German local authorities taxing DoD employees, despite the protests of the US and of the German federal government?

There's a pretty long military.com (Stars and Stripes) article on the matter of taxes on some DoD employees in Germany: The U.S. contends the situation amounts to a treaty violation, but so far ...
2
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1answer
126 views

How do businesses operating in multiple countries in the EU account for different tax rates in different countries?

How do all the different European Union countries maintain their different laws while being a part of the Schengen zone? How much freedom is given to European countries to determine their own tax ...
9
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3answers
3k views

How much freedom is given to European countries to determine their own tax rates?

https://taxfoundation.org/top-individual-income-tax-rates-europe-2019/ According to this link, different European Union countries have different tax rates. But don't EU laws and the EU government in ...
0
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1answer
152 views

US Crypto Infrastructure Bill: Bad for privacy, but is it meant to generate revenue?

Per my understanding, the main consequence of bill for crypto is that it imposes a tax requirement on proof-of-stake validators, protocol devs etc, to report taxes on people who transact with the ...
1
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0answers
74 views

Why are African countries using direct and indirect taxation against their farmers to tax them at a rate twice as high than anywhere in the world?

Why are African countries using direct and indirect taxation against their farmers to tax them at a rate twice as high than anywhere in the world? I found this in a research paper entitled Why kill ...
18
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4answers
4k views

Why did the U.S. government lower the funding of the IRS?

Also needed: better tax enforcement through restored and increased funding of the IRS. An expert review of data released by the Congressional Budget Office and the Treasury Department indicates that ...
3
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2answers
171 views

What is the reasoning behind duty free allowances?

Most countries allow travellers (whether visitors or returning travellers) to import stated limits of goods, alcohol and tobacco into the country free of duty and tax. What is the reasoning behind ...
4
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1answer
299 views

Is it true that in Paradise, Nevada the services for streets, sewer, security and energy supply are private?

In Paradise, Nevada, The Clark County Commission is the governmental organization that governs and runs Clark County, providing services. Paradise is an unincorporated area. I heard that the services ...
6
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1answer
201 views

Why are the "Single" and "Married Filing Separately" tax brackets slightly different for high earners?

I just noticed a slight discrepancy between the US Federal tax brackets for Single filers and those for Married Filing Separately. From this Morgan Stanley pdf: These are identical up to the last tax ...
6
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1answer
173 views

Do people without children spend longer time in retirement homes?

This came up when discussing the 'Pflegereform' in Germany. Everyone has to pay a proportion of their income and this tax is used to help pay for the cost of retirement homes for old people. The ...
5
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2answers
164 views

What are some mechanisms that can be used by the EU to force countries to abide by a minimum tax rate?

https://nltimes.nl/2021/06/06/netherlands-favor-g7-plan-eliminate-tax-havens Vijlbrief also said he is working on implementing the agreement as soon as possible in the EU. The G7 countries all ...
6
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1answer
1k views

Biden's goal is 15% minimum tax rate, when Corporate Tax is already higher?

I do not understand the Biden Corporate Minimum Tax Rate proposal. Biden wants to set it at 15% per this article and few others. However, the minimum corporate tax rate is already 21%. Wikipedia ...
14
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2answers
1k views

Is Biden's assumption that the Capital Gains Tax increased on April 28, 2021 an ex post facto law?

The Wall Street Journal recently reported that Biden's budget appears to assume that the capital gains tax increased on April 28, 2021. The article states that whether this is true depends on whether ...
24
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4answers
5k views

How is Switzerland able to maintain low tax levels?

Looking at the countries with the lowest tax rate we can see many countries that derive their riches from oil supplies and thus can afford to have a low income tax rate and a low VAT rate. But there ...
3
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1answer
147 views

Is this WA tax with an opt-out option unique in the world?

Washington State recently introduced a new tax which has the unusual property of allowing a one-time opt out if you purchase private insurance instead: Under current law, you have one opportunity to ...
26
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3answers
5k views

How do states with no state income tax like Florida or Texas generate tax revenue?

How do states with no state income tax like Florida or Texas generate tax revenue? Do they have higher property tax or sales tax? I compared their property and sales taxes with other states with ...
0
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1answer
155 views

What is the average net income in Germany? [closed]

According to oecd.org, the net income of a single person at 100% of average earnings (no child) after taxes was 42,697.59 US dollars. But when I look at de.statista.com, they state that the average ...
2
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1answer
209 views

Arguments for and against forcing religious organizations to pay taxes (United States) [closed]

In the United States, currently, religious organizations are not required to pay taxes The first amendment doesn’t prevent religious organizations from paying taxes, link https://www....
0
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1answer
193 views

How does one determine the source of funds (money) for a government expenditure?

When a government decides to spend money, they have 3 primary choices (please correct me if I'm mistaken): Spend money they already have (from taxes) Borrow money (from people/organizations within ...
4
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0answers
164 views

Are there indications that the French government considered a carbon fee-and-dividend to assuage the yellow vests?

A key reason for the yellow vest protests was that poorer households would have been proportionally more impacted by the proposed fuel tax increases. Carbon taxes are generally regressive, i.e. impose ...
26
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6answers
5k views

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 ...
4
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1answer
662 views

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 ...
26
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12answers
5k views

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 ...
16
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8answers
4k views

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,...
2
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2answers
305 views

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 ...
15
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4answers
4k views

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. (...
5
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0answers
152 views

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 ...
12
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2answers
391 views

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 ...
4
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1answer
103 views

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 ...
5
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1answer
271 views

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 ...
10
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3answers
2k views

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 ...
-7
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4answers
319 views

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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0answers
59 views

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 ...
5
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2answers
428 views

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 ...
4
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0answers
89 views

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 ...
2
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1answer
748 views

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 ...
3
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1answer
559 views

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.
4
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1answer
202 views

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 (...
2
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1answer
359 views

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 ...
-5
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1answer
162 views

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 ...
5
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1answer
538 views

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 ...
4
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1answer
348 views

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 ...
-5
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1answer
394 views

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 ...
2
votes
1answer
108 views

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 ...
2
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1answer
114 views

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 ...
27
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5answers
4k views

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 ...
-1
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1answer
147 views

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 ...
3
votes
1answer
316 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 ...
3
votes
2answers
446 views

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 ...
1
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0answers
99 views

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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