Search Results

Trump may not pay taxes Trump did not deny paying zero taxes in the debate. He said that if he was, it was proof of his good business sense. Absent a denial, that seems fully justified. … She can claim both that Trump isn't paying taxes and that his tax plan would reduce his taxes. …

Almost half of the population pays no federal income taxes at all. The top .1% pay about a fifth of the overall taxes. … So looking just at just income taxes undercounts the US' relative dependence on income taxes paid by the rich. …

Liberal/bipartisan arguments against a VAT: Most states already have sales taxes and value added taxes (VATs) are essentially a tax on sales. … Countries with VATs tend to add them to existing taxes rather than replacing existing taxes with VATs. This leads to more taxes and spending. …

The reason why it exists in the current Senate bill is that it exists in the current system and they didn't fix it. You do not have to look farther than that. The House did fix this as part of red …

The United States taxes global income (as opposed to territorial income as in most countries). So the income of the export is taxed in the US when it is repatriated to the US. …

Even though Social Security and Medicare have specific taxes to fund them, those taxes don't actually fully fund the programs. Both programs spent more than they received during the last recession. … The other alternative is to increase taxes, and the Republicans are against increasing taxes. Since spending is projected to grow, to keep the deficit constant, they have to "cut" spending. …

For example, deductions for State and Local Taxes (SALT), mortgage interest, and even dependents. … To reduce taxes to that group, we'd have to make changes to the Social Security and Medicare taxes. I.e. the taxes that they actually pay. …

The next lower tax rate was 36% (PDF). Then they added a 10% surcharge (3.6%) for those with higher incomes. That made it 39.6% total. This was in 1993 (history). In 2001, tax rates were changed …

Because there is a custom that presidential candidates share their tax returns. Most presidential candidates are politicians not business people, so demanding their balance sheets would be meaningl …

Consumers evaluate products by their final price while companies evaluate products by how much they get net of taxes. … This is also true of corporate income taxes, but as they are nominally on profits, the connection is less clear. …

Taxes change value independently of the number of people using them. Therefore, if you want the revenue to be proportional to the number of people using them, you need to adjust them constantly. … Anyway, the point is that unless you are talking about a tax that is collected separately from the national tax, taxes are inherently under the jurisdiction of politicians. And thus political. …

I suggested allowing people to specify where their own taxes went. Larry Lessig suggested allowing people to specify where $50 of their taxes went, limited to political candidates. …

In the United States, payroll taxes are paid by employers. Employees never see that money and don't file it on their taxes unless they are self-employed. … My understanding is that this 15% is in addition to any other payroll taxes for unemployment insurance, etc. …

Government taxes and borrowing don't have the same inflationary effect. Rather than prompting new spending, they just move existing spending. And they do so at a lower rate. …

Property taxes are local (county, school district, and municipality) taxes. The Tax Foundation doesn't like them because rich people pay a lot. … The employees want credit for the taxes being paid. If the employers just pocket the taxes, then they can't deduct the employee's wages or salary from the business income taxes. …