Questions tagged [taxes]

Taxation consists of mandatory payments from taxpayers to the state.

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6
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2answers
1k views

What share of federal taxes do the rich pay?

It is a commonly held belief that upper-income people pay too little in federal taxes, or that they pay no income taxes at all. An AP story noted a Pew Research poll that found: A majority of ...
81
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16answers
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What ethical (if any) or economical arguments are offered in defense of the inheritance tax?

Although I am normally quite supportive of higher taxation, I've never really felt comfortable with the inheritance tax. I see no reason why the government should tax the money a parent wishes to ...
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2answers
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Why does US seem to have such a convoluted tax code?

There is a serious debate in my country about fiscal code reformation which involves many changes to taxation of employees. Currently, being an employee is very simple from taxation perspective: the ...
28
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8answers
4k views

What are the reasons for people to oppose Basic Income Guarantee?

The people of Switzerland will probably vote on implementing a citizen's income. The idea does not, of course, have universal 100% support. For some people (e.g. high income earners) there seem to ...
21
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13answers
7k views

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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2answers
636 views

Are there libertarian views on proper procedure to obtain property that was previously unowned?

A while back, there was a fun article making the rounds about some dude selling people "rights" to own a plot of land on the Moon. There was another one selling plots in open ocean outside the coastal ...
22
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3answers
4k views

What gives the U.S. president the legal authority to raise tariffs?

In the last few minutes, President Trump has signed a proclamation to introduce tariffs on most imports of steel and aluminium to the United States. Article I, Section 8 of the US Constitution states ...
6
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3answers
823 views

Why are some wage taxes officially paid by the employer, even though they're really paid by the employee?

My current salary is taxed at two levels: first, the employer has to pay a certain number of taxes on my wages. The rest of the money is then considered to be my salary and I pay other taxes (social ...
8
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1answer
491 views

Are there precedents for the EU fining the UK for undervalued Chinese imports?

With all the Brexit talks, this has become a barely noticed case, but it might be relevant for future border relations between UK and EU: Britain faces a potential €2 billion bill from Brussels after ...
3
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1answer
3k views

Can Trump really implement his tax reform?

Tax reform has been one of the positions of the Trump campaign since the beginning. His website claims that he will reduce tax rates, but also suggests that he will eliminate many deductions and loop ...
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1answer
190 views

What are the advantages or disadvantages in reducing the number of Federal Income Tax brackets

The US House just adopted a bill that would establish four income tax brackets. The US Senate just adopted a bill that would establish seven income tax brackets. A conference committee will have to ...
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3answers
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What significance could the information in Donald Trump's tax return have to his campaign?

I watched the debate, and I'm wondering what is going on with Donald Trump's tax return. I heard Hillary say the deal is either he's (1) less wealthy than he claims to be, (2) not making the ...
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4answers
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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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2answers
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Is there a documented rationale why the House Ways and Means chairman can demand tax info?

The BBC says: House Ways and Means chairman Richard Neal said failure to comply with the new deadline would be interpreted as a denial of request. One of Mr Trump's top aides said last week that the ...
24
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6answers
3k views

What are the objections to implementing a flat rate income tax in the United States?

Some of the most heated politics debates are about taxes, and who should get taxed more and who should get taxed less on their income. But there rarely seems to be any debate in US politics as to ...
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3answers
722 views

Why is targeted scrutiny from the IRS bad?

There has been a lot of talk in the news recently about the IRS targeting various applications for tax-exempt organizations and scrutinizing their application more closely. These applications ...
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2answers
985 views

Why did Japan not raise taxes instead of borrowing to avoid having such a large debt ratio?

According to this article, Japan reached an enormous debt/GDP ratio of about 250%. The first two answers from here illustrate more about the structure of the debt. My highlights are: most ...
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1answer
478 views

What prevents a large corporation from subdividing itself in order to avoid internet sales taxes? [closed]

I'm afraid I'm not overly familiar with the bill or the minutiae of it, particularly as a foreigner to US politics. From what I understand, though, US businesses trading online and with annual sales ...
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2answers
437 views

Is there any evaluation of solidarity tax impact in France?

Romania's Government has changed recently and the new one tries to introduce a solidarity tax: The Romanian Government wants to introduce a new type of tax called the solidarity tax, which will ...
9
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1answer
5k views

Why do we pay taxes during a government shutdown?

While a government is shutdown there are a lot of services that are not available (including the IRS). Why do we still pay taxes during the government shutdown? Shouldn't we get a refund or a part of ...
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 ...
6
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1answer
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How much is the wall across the Mexico & US border going to cost?

With Trump's wall being backed by 79% of his voters, and becoming a crucial part of his mandate...I'm curious how much in $US will this border wall cost? If the cost was going to be paid for in a tax ...
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4answers
501 views

Why can't London increase the Congestion Charge to the point where congestion is reduced to reasonable levels?

According to the Wiki article about the London Congestion Charge: In 2013, ten years after its implementation in 2003, TfL reported that the congestion charging scheme resulted in a 10% reduction ...
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1answer
1k views

Are US territories getting the same degree of Federal support without paying as much in taxes?

As I understand it they have no voting ability and while they pay some taxes they are exempt from on of the biggest taxes, income tax. I believe they are other taxes states pay that territories do ...
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5answers
1k views

Why does Ted Cruz want to abolish the IRS?

Senator Ted Cruz said I think we ought to abolish the IRS and instead move to a simple flat tax where the average American can fill out taxes on postcard. What are the benefits the supporters of ...
2
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1answer
123 views

What was the legal justification for H.R.2419 (protection of social security)?

As per "42 USC § 401 - Trust Funds": (h) Benefit payments Benefit payments required to be made under section 423 of this title, and benefit payments required to be made under subsection (b),...
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1answer
278 views

How does the public know that many large corporations paid zero Federal tax last year?

So the press is reporting that many large corporations paid zero Federal taxes see here for 2018 under the tax act passed under the Trump Administration. Considering the concern that people have ...
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 ...
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 ...
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4answers
603 views

What will be the effect of a Bitcoin tax?

Let's assume that bitcoin was taxed in form of a percent-based tax on every mined bitcoin. How could government enforce this tax, considering that the whole idea of bitcoin transactions is to remain ...
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0answers
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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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4answers
660 views

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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1answer
220 views

What share of federal tax breaks do the rich get?

It is a commonly held belief that the rich don't pay their fair share, or that they pay no income taxes at all because of tax breaks. What share of all federal tax breaks are given to the top income ...