NBER Working Paper No. Issued in November 2016 NBER Program(s): Public Economics. This paper provides preliminary evidence on behavioral responses to taxation around the 2013 tax increase that raised top marginal tax rates on capital income by about 9.
5 points and on labor income by about 6. 5 points. Oct 17, 2015 A taxtherich plan could raise enough to, for example, eliminate all public undergraduate tuition while still allowing wealthy individuals to take home a majority of their income, economists argue.
Apr 10, 2012 Taxes for the rich (both income taxes and capital gains) are at the lowest they have ever been. Lowering taxes further is not the answer. To try the same thing over and over and expect a different result is not an effective way of doing things. The US could lower taxes on the rich, but there will always be another country that has even But the top 1 percent (those earning more than 732, 000) would get an average tax cut of 270, 000 or nearly 18 percent, and the top 0.
1 percent would see a 20 percent tax cut. Mar 26, 2014 And taxing the rich adequately, if not extravagantly is a vital part of that idea. Im director of Tax Analysts Tax History Project. Im an historian, a regular columnist for Tax Analysts publications including Tax Notes magazine, and a writer for the Tax Analysts blog.
Americans top concern about the tax code is that they want corporations and wealthy individuals to pay more taxes. Even among rankandfile Republicans, soaking the rich is at least moderately popular. Thats according to a new report out from the Pew Center that takes a deep dive into public opinion on taxes.