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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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 ...
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5 votes
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Are university research studies involving children a money making scheme?

I would like to point out that this question is from a dubious and unverified claim that I had encountered. I thoroughly searched the internet for any information on such claims but could not find ...
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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 ...
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28 votes
2 answers
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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, ...
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15 votes
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If you raise taxes, will the rich leave the country? [closed]

I often see/hear this argument used as an argument against raising income tax, at least here in the UK. The argument being the rich will leave, taking their cash out of the country, resulting in ...
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10 votes
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Are value-added taxes naturally progressive?

In The solution to income disparity? Consumption taxes, Timothy Taylor claims the following: Why are VATs and sales taxes so unpopular? One common critique is that they are regressive. ... But if you ...
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11 votes
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Do the rich in the US donate an average of 15 percent of their income?

Dick Smith in a recent rant about "selfish" rich Australians made a claim that: In the United States, the rich donated an average of 15 per cent of their income, Smith said. But in Australia it ...
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11 votes
2 answers
704 views

Does Ecological taxation work?

From Wikipedia: Ecotax (short for Ecological taxation) refers to taxes intended to promote ecologically sustainable activities via economic incentives. Such a policy can complement or avert ...
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Has anyone noteworthy given up their US citizenship to escape taxation?

I've heard it said that a US citizen can escape paying US income taxes by giving up their citizenship and living in a foreign country (presumably, somewhere that has lower taxes or perhaps where a ...
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23 votes
3 answers
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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 ...
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52 votes
3 answers
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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?
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25 votes
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Do tax cuts stimulate an economy?

Every election cycle, I keep hearing that tax breaks stimulate the economy. Are there any well-known studies or scientifically-backed examples from history that shed light on whether or not this ...
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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 ...
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