It’s Time to Eliminate the US Corporate Income Tax

by Laurence J. Kotlikoff, Voxeu.org Though taxing corporations may be a political no-brainer, it may be a big economic mistake. This column discusses recent research showing that the tax is not paid primarily by rich corporate shareholders. They can, and do, move their capital away from countries that have high corporate rates. Eliminating the US …

Taxing The 1%: Why The Top Tax Rate Could Be Over 80%

by Thomas Piketty, Emmanuel Saez and Stefanie Stantcheva Originally published in Voxeu.org 08 December 2011. The top 1% of US earners now command a far higher share of the country’s income than they did 40 years ago. This article looks at 18 OECD countries and disputes the claim that low taxes on the rich raise …

Corporate Profits: An Elusive and Problematic Tax Base

Written by Elliott Morss, Morss Global Finance Introduction There are frequent reports of corporations paying 10% tax rates (or less) on profits – legally. And it certainly pays for large corporations to employ teams of lawyers to find ways to minimize their global profit tax liabilities. And predictably, politicians are angry and have called hearings …

Here’s The Real Time Evidence That The US Economy Is Growing at 2.4% Right Now!

by Lee Adler, Wall Street Examiner Let’s get one thing straight. I am no economist. If I were, I’d be too embarrassed to tell anybody anyway. I’m just a guy who learned from Yogi Berra that, “You can observe a lot by watching.” I do like to watch, but not financial “news” TV. It’s a …

Falling Expenditures, Rising Receipts

Fiscal Slope Negotiations in the Context of Current Expenditures and Current Receipts by Menzie Chinn, Econbrowser The latter (receipts) are stabilizing at extremely low levels. To place matters in perspective, note that even before 2008, tax revenues were low by historical standards. That was due to tax reductions passed in 2001 and 2003 (EGTRRA and …