taxing-wages-united-states.pdf
Fiscal Policy
What Does It Mean When AA+ Isn’t the Best Grade You Can Earn?
Exploring the impact of the United States's latest credit rating downgrade and what it means for investor confidence at home and abroad
Why did the US credit rating just get dinged?
It might have more to do with the country’s political dysfunction than with its solvency.
The Legacy of the 2001 and 2003 “Bush” Tax Cuts | Center on Budget and Policy Priorities
The biggest tax policy changes enacted under President George W. Bush were the 2001 and 2003 tax cuts, often referred to as the “Bush tax cuts” but formally named the Economic Growth and Tax...
FRED Economic Data
Federal Debt: Total Public Debt as Percent of Gross Domestic Product
Taxing Top Incomes in a World of Ideas | Journal of Political Economy: Vol 130, No 9
This paper considers top income taxation when (i) new ideas drive economic growth, (ii) the reward for successful innovation is a top income, and (iii) innovation cannot be perfectly targeted by a research subsidy—think about the business methods of Walmart, the creation of Uber, or the “idea” of Amazon. These conditions lead to a new force affecting the optimal top tax rate: by slowing the creation of new ideas that drive aggregate GDP, top income taxation reduces everyone’s income, not just income at the top. This force sharply constrains both revenue-maximizing and welfare-maximizing top tax rates.
8 takeaways from the debt ceiling vote
The agreement secures some GOP priorities on spending, permits and the safety net, but left the heart of President Joe Biden's agenda intact — at least until the next fight.
New York and California lost over $90 billion in income to low-tax states during Covid
The losses accelerated the trend of high-earners relocating to lower-tax states like Florida and Texas.
Who pays the lowest taxes in the US?
There's a common myth about who pays their fair share, and who doesn't.Subscribe to our channel! http://goo.gl/0bsAjOYou might have heard that the poor in Am...
Everything But the Bagel Tax
New York City may be known as the bagel capital of the world, but its inhabitants are subject to a "bagel tax" whenever they choose to buy a pre-sliced bagel with cream cheese.
Bonds, Explained Through SVB’s Collapse | WSJ
Buying U.S. government bonds is among the safest investments you can make. In fact, people often put their college funds and retirement savings into bonds. I...
Study shows sugar-sweetened beverage tax improves health, lowers healthcare costs
The sugar-sweetened beverage, or SSB, tax, implemented in Oakland in 2017, significantly reduced the number of purchases of soda and sugary drinks, according to a study published Tuesday in PLOS Medicine.
U.S. spent more on military in 2022 than next 10 countries combined
Global defense spending hit record $2.2 trillion last year.
Medicaid is popular. So why are Republicans still trying to cut it?
The flawed assumptions of the House GOP’s revived plan for work requirements.
Oakland's Soda Tax Cut Local Sales by 27%
(20) NAEEnet on Twitter: "TAX DAY! We know that you have filed a long time ago but if you need a reminder! What a great day to talk about where your tax $$ are going in class! So many economic concepts that you can cover! Where would you allocate the money? What are the trade-offs? #TeachEcon #TaxDay https://t.co/99cs6XZBLk" / Twitter
TAX DAY! We know that you have filed a long time ago but if you need a reminder! What a great day to talk about where your tax $$ are going in class! So many economic concepts that you can cover! Where would you allocate the money? What are the trade-offs? #TeachEcon #TaxDay pic.twitter.com/99cs6XZBLk— NAEEnet (@NAEEnet) April 18, 2023
Window tax
Tax Cuts Are Primarily Responsible for the Increasing Debt Ratio
Without the Bush and Trump tax cuts, debt as a percentage of the economy would be declining permanently.
These are the states with the highest and lowest tax burdens, a report says
A new report by WalletHub measured how much people pay in property, income and sales tax in proportion to the amount of money they make.
Who Pays? 6th Edition
No two state tax systems are the same; this report provides detailed analyses of the features of every state tax code.
The $31.4 trillion debt dilemma
How the US government spends more money than it collects
Demand supply imbalance during the covid 19 pandemic the role of fiscal policy
Policy Basics: Where Do Our Federal Tax Dollars Go? | Center on Budget and Policy Priorities
Debt Limit or Limitless Debt: How Congress Will Decide America's Financial Future
Each year's federal budget must be approved by Congress and signed by the President. Despite agreeing on a budget, the federal government will likely not raise enough tax revenue to match its spending projections.
Fiscal Data Explains Federal Spending
Check out @FiscalService Fiscal Data’s new federal spending page! #FederalSpending
Policy Basics: Introduction to the Federal Budget Process | Center on Budget and Policy Priorities
Senate passes $1.7 trillion government funding bill
The legislation will fund the government through next September.
Treasury Secretary Janet Yellen: The 2022 60 Minutes Interview
The treasury secretary tells Norah O’Donnell how she thinks the economy will fare in the coming year and what her department is doing to end the war in Ukraine.
2022-13.pdf
Federal deficit was cut in half last year, Treasury Department says
But the road ahead looks more troubling for the nation's fiscal situation.