Taxes Matter

1. The government has collected less in taxes as a proportion of the economy in the past three years than it has in any three-year period since World War II, and tax rates are at historic lows. 2. One out of three multi-millionaires pays a lower percentage of their...
04/16/2012
Blog
The “Buffett Rule” proposed by President Obama and now being considered by the Senate would be an important symbolic step toward a fairer tax system. By instituting a minimum tax on very high earners, it would advance the principle of progressive taxation and reform the tax code in an...
04/12/2012
Blog
As the White House mounts a major campaign to sell the “Buffett Tax” this week, there is another, better tax on the 1 percent that Washington should be considering: A financial-transaction tax—better known as a financial speculation tax (FST). A financial-speculation tax has been...
04/11/2012
Blog
“Tax fairness” is defined very differently by Americans from various walks of life. Despite this divide, there is a substantial shared vision: a majority of Americans believe that the government should be doing more to help people, and the vast majority believe that wealthier...
04/10/2012
Blog
So, just how unequal are state and local taxes? In their comprehensive 2009 report, the Institute on Taxation and Economic Policy analyzed the tax systems of all 50 states and major localities, and found that, as a whole, state and local tax systems are extremely regressive. As the graphic shows,...
04/09/2012
Data Byte
If state and local government spent the same percentage of their budgets on social capital investments in 2009 as they did in 1996, they would have spent $187.6 billion more on the building blocks for our future prosperity. The fiscal crisis that beset the states has exacerbated this situation, but...
04/09/2012
Data Byte
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