Questions tagged [taxes]

Taxation consists of mandatory payments from taxpayers to the state.

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Does the trust fund have the funds needed to cover the shortfall from a gas tax holiday?

In 1956, the federal motor fuel tax was established, along with a dedicated pool of money for the construction of an interstate highway system. Those gas tax funds go into the "Highway Trust ...
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53 votes
14 answers
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How is printing money different from taxing people?

From what I understand, printing money gives the government more money while, in time, decreasing the value of the rest of the money in circulation (or reducing how much the value of the currency ...
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-6 votes
4 answers
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Why do property taxes fund schools when only a subset of residents actually use said schools?

I send my children to private school and my elderly neighbors have no children in school. When we look at our property tax bills, we notice that 50% of the money we pay goes to the local county ...
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Can taxes diminish Europe's dependency on Russian oil?

Can (higher) excise taxes, as well as taxes on cars with poor fuel economy, diminish the dependency of Russian oil? What are their advantages and disadvantages? PS: some believe that natural gas is ...
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9 votes
4 answers
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Has an income ceiling policy been tried in a free market economy?

Some countries have implemented some very high tax rates, but did any country, in recent history, implement a ceiling on all earnings (wages and capital gains) in an, otherwise, self-regulated market? ...
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Do the USA and France offer tax havens?

'Stolen assets of developing countries must be returned,' PM Imran tells UN panel Prime Minister Imran Khan called upon the international community to take steps to counter illicit flows of money, ...
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Was UK National Insurance meant to cover all welfare payments from an earmarked fund?

In the UK, National Insurance was introduced as a means of paying for health, welfare and pensions. The original 1911 act created a fund that was paid into by workers, employers and the Treasury and ...
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3 answers
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How does Dubai get its money?

I have seen many claims that Dubai has no income tax. Yet, since the Government of Dubai clearly does spend lots of money, how does money flow to the Government of Dubai?
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18 votes
4 answers
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What is the rationale of banning proof-of-work instead of highly taxing it?

According to CoinDesk, the vice-chair of the European Securities and Markets Authority (ESMA) suggested that cryptocurrency mining based on proof-of-work should be banned: Proof-of-work crypto mining ...
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Prior to COVID-19, had any country fiscally targeted unvaccinated individuals?

Upon reading that Quebec may impose a health tax on unvaccinated Canadians, I wondered the following: Prior to COVID-19, had any country fiscally targeted unvaccinated individuals?
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How could Distributed Ledger Technology help the government in tax collection and passport issuance?

From this link, I saw that Distributed Ledger Technology (DLT) can bring the secure functioning for a decentralized database because it is governed by the rule of networks as well as avoiding cyber-...
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4 votes
1 answer
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Why are new mothers apparently excluded from receiving the 2021 monthly "Advance Child Tax Credit Payments" if they filed taxes last year?

According to this Stack Exchange post, it appears that one cannot get the 2021 monthly "Advance Child Tax Credit Payments" for a child born or adopted in 2021 if they also filed taxes last ...
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How can the way the council tax amount is calculated be changed?

I read recently, but forgot where, that someone is saying that the current system of how council tax is calculated isn't fair, and it should be a percentage of the property value. I was wondering how ...
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17 votes
4 answers
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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 ...
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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 ...
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9 votes
3 answers
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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 ...
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1 answer
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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 ...
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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 ...
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19 votes
4 answers
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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 ...
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3 votes
2 answers
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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 ...
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4 votes
1 answer
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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 ...
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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 ...
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1 answer
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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 ...
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6 votes
2 answers
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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 ...
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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 ...
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14 votes
2 answers
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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 ...
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24 votes
4 answers
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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 ...
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3 votes
1 answer
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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 ...
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26 votes
3 answers
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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 ...
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2 votes
1 answer
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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....
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1 vote
1 answer
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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 ...
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4 votes
0 answers
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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 ...
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26 votes
6 answers
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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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4 votes
1 answer
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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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26 votes
12 answers
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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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16 votes
8 answers
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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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2 votes
2 answers
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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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15 votes
4 answers
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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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5 votes
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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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12 votes
2 answers
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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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4 votes
1 answer
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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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7 votes
1 answer
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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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10 votes
3 answers
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 ...
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-7 votes
4 answers
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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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1 vote
0 answers
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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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5 votes
2 answers
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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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4 votes
0 answers
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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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2 votes
1 answer
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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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3 votes
1 answer
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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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1 answer
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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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