Questions tagged [taxes]

Taxation consists of mandatory payments from taxpayers to the state.

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26
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2answers
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 ...
18
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1answer
6k views

Why are gambling winnings not taxed in the United Kingdom?

I recently moved to England and was somewhat surprised to learn that gambling winnings are not taxed. A Google search reveals this article from Forbes that explains that such a tax would be at most ...
11
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1answer
592 views

How much of the deficit would be reduced by increasing taxes on the top 1% to 1990s levels?

President Obama has talked about raising taxes on the super-rich as one way to balance the national budget. This New York Times opinon piece says: We can achieve significant deficit reduction ...
0
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1answer
125 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 ...
11
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6answers
3k views

How does libertarianism challenge a “property is theft” counter-argument to a “tax is theft” argument?

An argument commonly ascribed to libertarianism runs as follows: Property is the right (either shared or exclusive) to enjoy the benefits of a particular resource. Theft is the non-consensual ...
2
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1answer
181 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
160 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
155 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 ...
0
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0answers
40 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 ...
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 ...
3
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2answers
493 views

How can French politicians prevent the US from collecting taxes from expats?

According to 20minutes.fr : « Le problème principal, c’est que la fiscalité américaine est basée sur la nationalité, en contradiction avec les règles de l’OCDE, estime l’eurodéputée française ...
26
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12answers
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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 ...
16
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8answers
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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,...
4
votes
1answer
594 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 ...
2
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2answers
291 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 ...
1
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4answers
642 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 ...
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. (...
4
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0answers
143 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
366 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 ...
6
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5answers
2k views

Does lowering the capital gains tax encourage investment and increase economic growth?

Capital gains are taxed lower than other types of incomes in several nations.The rationale I have heard for this is that a lower tax on capital gains is supposed to encourage investment and increase ...
9
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1answer
388 views

What were the positive and negative effects of the French ISF?

The Impôt de Solidarité sur la Fortune (ISF, or wealth solidarity tax), is easily the most controversial part of French tax policy, and its removal by Emmanuel Macron was probably the most ...
4
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1answer
96 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 ...
66
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26answers
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What reasons are there for a Capitalist to oppose a 100% inheritance tax?

As I understand it, most capitalists would argue that the reason the rich deserve their wealth is that they have worked for it, and the fact that they have managed to gain such wealth shows that they ...
5
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1answer
263 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
308 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
56 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
407 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 ...
9
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1answer
419 views

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 ...
35
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4answers
7k views

Why did Democrats oppose Ted Cruz's provision to allow funds from 529 plans to be used for homeschooling?

Senator Ted Cruz proposed an amendment to the recent tax reform bill to allow funds from 529 plans to be used for homeschooling1, but the Democrats voted against it and it did not make it into the ...
2
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1answer
736 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 ...
4
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3answers
540 views

Why can't countries print money to maintain their budgets instead of using taxes?

Theoretically speaking, developed countries like the US could abolish all forms of taxation (short of taxes on imports, where applicable) and simply print as much money as necessary for the government ...
3
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1answer
432 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.
6
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1answer
1k views

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 ...
80
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17answers
20k views

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 ...
4
votes
1answer
234 views

Confused about Emancipation Day and Tax Day

Washington DC celebrates Emancipation Day on the weekday nearest April 16th. Wikipedia says: As the federal government observes the holiday, it causes the federal and all state tax deadlines to be ...
4
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1answer
196 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
344 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 ...
8
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1answer
428 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 ...
15
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5answers
857 views

How could a wealth tax (not income tax) be implemented to make evasion difficult?

Recently liberals and conservatives alike have floated returning to the high marginal income tax rates of the mid 20th century, as a method to help reduce inequality in the United States, among other ...
-5
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1answer
158 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
535 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 ...
1
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2answers
161 views

Why are services by self-employed people and employees taxed differently in the UK?

In the UK workers are taxed differently based on whether the work arrangement looks more like self-employment or employment. Here's an example by HRMC for self-employment: Alan is taken on by a ...
4
votes
1answer
337 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
votes
1answer
391 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
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1answer
105 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
77 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 ...
26
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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 ...
12
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5answers
2k views

Why do we collect taxes on income from labor?

This question tries to illuminate why it is probably good if within a country/an economy there are more jobs rather than fewer jobs. I would agree, it seems to me that employment is likely to lower ...

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