Questions tagged [taxes]

The primary means by which governments raise revenue. Taxes can be levied on almost any aspect of economic activity.

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52
votes
3answers
6k views

Do rich companies pay little/no corporate income taxes in the United States?

It's a fairly common "fact" that if you make enough money, that you can hire lawyers who can hide all of your money, so that you end up paying little to no tax. Is this true?
23
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3answers
3k views

Do US companies pay significantly less taxes than European ones (based on tax rates)?

I have frequently heard claims that US companies pay significantly less taxes than European ones (based on tax rates). The last time I saw this claim (and what caused me to ask this question) was ...
31
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1answer
2k views

Is there economic data to suggest whether or not trickle-down economics provides a net increase in standards of living?

One of the chief arguments for Reagan's fiscal policy of trickle-down economics was "money was all appropriated for the top in hopes that it would trickle down to the needy." Essentially that by ...
55
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4answers
19k views

Are US workers legally required to pay income taxes?

In the 2006 film America: Freedom to Fascism, several interviews are shown which claim that American workers do not need to pay income tax. Specifically, this clip claims that There is no law which ...
28
votes
2answers
6k views

Does 20% of the population pay 80% of Federal income tax in the US?

I have heard this used in arguments (and even used it myself several times): that 20% of the US population pays 80% of the taxes. But I am starting to wonder if that is statistically accurate. Also, ...
16
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1answer
908 views

Is the GOP tax plan the 'largest tax cut in history'?

The GOP recently released their final tax plan this week, after going to a conference committee to reconcile the House and Senate versions of the bill. US President Donald Trump has frequently ...
18
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1answer
3k views

Has income tax been found unconstitutional by a court?

Someone told me that there are people who claim that the income tax, and by extension the IRS, is unconstitutional, and that some have won in court using this argument. Is this true? An example of a ...
20
votes
1answer
3k views

Was the 16th Amendment (income tax) improperly ratified?

Bill Benson released The Law that Never Was in 1985, which "claims that the Sixteenth Amendment to the United States Constitution, commonly known as the income tax amendment, was never properly ...
9
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1answer
2k views

Did Warren Buffett pay a lower rate of income tax than his secretary?

Within the past few months, Warren Buffett has been quoted as saying he only paid 15% income tax while his secretary paid much more (I think the number is 35%, but I could be wrong). This "fact" has ...