The Biggest Tax Cut of All
Between the 1950s and the 2000s marginal taxes on the wealthiest Americans have fallen from 90% to 35%. As late as 1982 the top marginal tax rate was still 50%,...
Taxation
Make the Payroll Tax Cut Permanent
A basic principle of modern tax theory is that rich people should pay more as a percent of their income than poor people. The more income you have, the less...
Making the Payroll Tax Cut Revenue-Neutral
President Obama and Republican leaders are currently debating whether or not to extend the 2011 Social Security tax reductions for one more year. The usual Social Security payroll tax is...
The Alchemy of Our Awesomely Affluent
Today's super rich can't turn tin into gold. But they can get Uncle Sam to loan them free money. At the expense, of course, of America's bottom 99 percent. How...