Questions tagged [taxes]

Taxation consists of mandatory payments from taxpayers to the state.

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80
votes
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 ...
201
votes
12answers
49k views

Why doesn’t the IRS just send me a bill for the taxes I owe based on the info they already have?

So it's time to file taxes in the United States and it occurred to me that I am required to provide a lot of information that the government already knows. For instance, I have to provide the contents ...
3
votes
1answer
162 views

Tax Havens and actions against them

There are so many tax havens across the world. And tax evasion is a serious issue as the working class are forced to pay taxes but the rich escape. International organizations like UN have the power ...
1
vote
4answers
511 views

Has any policy countered the regressiveness of property protection?

Protection of private property is one of the main roles of most governments, but the job is inherently regressive since the wealthy have so much more property to protect. Police tend to be more ...
5
votes
3answers
661 views

Why does taxation of big tech companies seem so problematic?

According to this Fortune article, The European Commission is making steps towards "normalizing" taxation for tech companies: The European Commission wants to see big tech firms pay a 3% tax on ...
44
votes
3answers
7k views

Why does the US require non-resident citizens to file taxes even for non-US income?

The US requires US citizens to file a return for federal and state income taxes. Interestingly, per the 2017 IRS guide, page 5, it does not matter whether the US citizen resides in the US, or whether ...
4
votes
4answers
2k views

What can a democratic government do that an autocrat cannot? [closed]

I mean to ask are there any actions that an autocrat wouldn't have the ability to do but a democrat(small d) would. For instance prohibition, conscription or a hike in the tax rate. Things that would ...
58
votes
10answers
14k views

Why is a big country less suitable for high-tax, high-welfare system?

Back when the US presidential election, I frequently heard the US is not suitable for the high-tax, large-welfare system like in Scandinavia. This is especially common among leftists, mostly Hillary ...
22
votes
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 ...
13
votes
1answer
5k views

Who gets the funds raised by tariffs levied at the edges of the European Customs Union?

The European Union Customs Union has a Common External Tariff. A tax on imports. Who is the recipient of the funds raised by this tax? A country outside of the European Union Customs Union may levy ...
10
votes
3answers
2k views

Have tariffs/protectionism ever worked?

Has there been a case where an increase in import taxes was linked to an improved economic status in a country? Ie - resulted in net jobs saved, increased GDP etc. It doesn't need to necessarily be ...
6
votes
7answers
2k views

Why do politicians care so much about economic growth? Or: Why did the US need a tax reform?

In the US, economic growth does not seem so hard to achieve. If you look at the GDP of the United States, it seems to just grow and grow. Even the multiple crises along the way have only had minor ...
3
votes
2answers
302 views

British tax havens and the EU post Brexit

As far as I understand, the Channel Islands are more or less the personal property of the British Royal House, and are member of EU's common market by proxy of UK's EU membership, as the Channel ...
5
votes
4answers
493 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 ...
39
votes
5answers
6k views

Why is the German GEZ a fee and not a tax?

In Germany, every household has to pay "Rundfunkbeitrag" (often called GEZ). It is 17,50 Euro per month, which is used to finance public broadcasting. Normally, I would expect public institutions to ...
5
votes
1answer
238 views

Why would foreign nations sign on to FATCA?

According to the IRS, nearly every country, and hundreds of thousands of financial institutions, have signed on to FATCA. FATCA, in a nutshell, forces governments to give up financial data on people ...
9
votes
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 ...
0
votes
2answers
353 views

Tax Reform - Make people's tax cut permanent first instead of corporations?

I know that if there had been 60 yea votes for Trump's Tax Reform (Byrd Rule), that regular people would have also had their tax cuts made permanent along with corporations. What I want to know, ...
1
vote
4answers
5k views

Why are property taxes higher in some places than others (United States)?

The new tax law in the United States, which limits the deductibility of property taxes, has highlighted just how much property taxes can vary. (This site offers some hard numbers comparing median ...
2
votes
4answers
594 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 ...
35
votes
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 ...
15
votes
2answers
417 views

How long is the tax code now, compared to before the Trump tax cuts of 2017?

There was a lot of discussion by mostly Republican politicians saying that the tax code is way too long and everyone struggles with doing their taxes and wouldn't it be great if the tax code were ...
-1
votes
2answers
286 views

What are the negative economic effects of lower taxes in the US? [closed]

While lower taxes theoretically lets Americans keep more of their own money, what are the negative economic effects to this policy?
4
votes
0answers
117 views

Will most Michigan families get a tax hike due to the new tax bill?

Debbie Stabenow, US Senator for Michigan, claimed Thanks to President Trump and the Republicans, most Michigan families will get a tax hike. Looking at the proposed trax brackets I don't ...
5
votes
2answers
273 views

How does repealing the individual mandate adversely affect Obamacare?

The Senate will be voting on the Republican tax plan tonight, with the House revoting it tomorrow. From what I understand, the bill will repeal the Affordable Care Act's individual mandate. I have ...
1
vote
0answers
56 views

Are the discontinuities in the Conference Tax Reform plan purposeful or accidental?

Careful examination of the "final" Tax reform plan, when focused on the single filing taxpayer that employs just the standard deduction/personal exemption seems to display sharp discontinuities in the ...
2
votes
0answers
41 views

Are political donations to foreign politicians residing in Canada but campaigning abroad tax free?

There are a lot of new rules in Canada about political donations. But what about someone living in Canada who is campaigning to be elected abroad? Are donations taxable by the Federal government of ...
0
votes
1answer
166 views

Has privately funded national policing ever been implemented?

Has privately funded national policing ever been implemented? In a low-tax or even zero tax system, one would assume there would still need to be some kind of legal system in place and the only way I ...
20
votes
3answers
2k views

Would it be right, wrong or misleading to say that the Tax Cuts and Jobs Act, 2017 passed by the Senate “largely cut taxes for the rich”?

In a recent question I asked, a commenter just told me: You should remove the "which largely cut taxes for the rich" because it is A) Not True. [...] I try to always consider that I could be wrong ...
33
votes
2answers
6k views

Did Republicans accidentally kill corporate deductions, and will it force the Senate to revise and re-vote?

An article in New York magazine indicates that While Republicans were manically outlining their plans to take from the poor to give to the Trumps, they also, accidentally, nullified all of their ...
3
votes
1answer
185 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 ...
28
votes
1answer
4k views

Why the odd tax bracket intervals in the Senate Tax reform bill?

The US Senate's recently adopted tax plan calls for seven tax brackets. Ignoring for the moment the tax rates attached to each bracket, it seems strange that the taxable income range for bracket 5 (...
0
votes
1answer
216 views

What happens after Senate tax bill is passed?

My understanding is the house tax bill has already passed. If the senate passes their tax bill, from what I've read, the next step is that the leaders of the senate and house will get together to work ...
7
votes
4answers
1k views

What is the biggest flaw with this Democratic Taxation system? [closed]

Imagine a country where up to 50% of the tax dollars are allocated by the people instead of congress/government. Once a year, the citizens file a vote with their tax return, which allocates ...
-1
votes
10answers
869 views

Why is the intellectual consensus in the UK to prefer state-controlled philanthropy?

If philanthropy is the application of a moral code to redistributive monetary expenditure, a large proportion of the UK government spending is philanthropic in nature. Ethical responsibility is thus ...
3
votes
2answers
254 views

What do you call it when everyone gets an equal vote on how taxes are spent?

I had an idea and was wondering if there's a term for it or if there might even be groups or research surrounding this policy. The basic idea is that each year citizens of a country would vote for ...
4
votes
2answers
310 views

Do the Republican tax bills meet budget reconciliation requirements and if not why would they be proposed?

Sorry if this question is too specific to the current situation today to be on topic for this site but I do think the question has broader implications for American politics more generally. As of the ...
2
votes
0answers
400 views

Do Republican tax reform historically favor the wealthy and corporations?

The recent Republican tax reform bill has been criticized as being a "tax cut for the wealthy." U.S. Senate Republicans unveiled a tax plan on Thursday that differed from the House of ...
1
vote
1answer
466 views

Why don't people pay some tax to the country where they were raised? [closed]

In most countries, public primary and secondary education is free. If later the thus raised people leave the country to work abroad, then this is economically quite disadvantageous to the home country....
22
votes
2answers
4k views

What have been the arguments against VAT in the US?

The majority of countries in the world have implemented a Value Added Tax (VAT) - sometimes called a Goods and Services Tax (GST) - why hasn't the US? EDIT - I would assume that if a VAT were ...
3
votes
4answers
2k views

Why do US Republicans continually go after cuts to Medicare, Medicaid, social security?

Medicare, Medicaid, and Social Security are called "incentives" programs by some Republicans. These plans were put in place to help those disadvantage and many all ready pay federal taxes. Social ...
3
votes
1answer
989 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 ...
7
votes
1answer
472 views

What are the arguments for keeping the Jones Act, and who is making them?

Since Hurricane Maria devastated Puerto Rico, there was a growing call to suspend the Jones Act, which imposes protectionist limits preventing any foreign ships from carrying goods between American ...
5
votes
1answer
100 views

What committees in Congress handle tax code modifications?

The current administration is planning a tax code overhaul which is being released soon. What committees in Congress handle proposed legislation that changes the tax code?
2
votes
2answers
440 views

Why are tax cuts not tied to job creation and growth?

It seems to me with all of the thousands of pages in tax code with no way to pay for cuts is that the Republican Congress and Senate could tie tax cuts to corporations to job growth with these ...
4
votes
1answer
154 views

Is there a study that measures the effectiveness of lotteries in increasing VAT revenue?

Quite recently, several countries began using (VAT) lotteries to offer an incentive for people to request a receipt when purchasing goods and services. These countries include Malta, Poland, Slovakia, ...
8
votes
2answers
962 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 ...
2
votes
4answers
544 views

Why would a state tax something to obtain money for unrelated activities?

According to this article France’s ‘Solidarity Tax’ on air travel is a major source of funding for health programs in the world’s poorest countries: Just days before the presentation of Air France ...
2
votes
0answers
98 views

Motivations for, and effect of removing, tax incentives for political campaigns?

A number of states provide tax incentives for making campaign contributions. From a purely naive view point this feels like a waste since in theory (emphasis on theory) if we assume roughly equal ...
2
votes
2answers
415 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 ...