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Argues that what the US and many other countries need is an independent, competent, and experienced body that leans neither right nor left. Proposed in light of tax reform promises by 2012 presidential candidates.
Shows that the current U.S. tax system violates the Buffett rule in that a large proportion of millionaires pay a smaller percentage of their income in taxes than a significant proportion of moderate-income taxpayers.
Interest in corporate tax reform that lowers the rate and broadens the base has developed in the past several years. Some discussions by economists in opinion pieces have suggested there is an urgent need to lower the corporate tax rate, but not necessarily to broaden the tax base, an approach that presents some difficulties given current budget pressures. Others see the corporate tax as a potential source of revenue.
Seeks to describe the principles that have guided recent tax reforms in Asian developing countries. It critically examines the purported rationale underlying these reforms and raises issues connected with these reforms.
Examines three main categories of tax reform: fundamental tax reform, tax reform based on the elimination of the individual alternative minimum tax (AMT), and proposals for reforming the corporate income tax. Periodically updated.
The Internal Revenue Service has released new data on individual income taxes, reporting on calendar year 2009. The year saw no economic improvement from 2008 as unemployment continued to increase. The amount of individual income tax paid steeply declined by $166 billion, twice the decline from 2007 to 2008. Nationally, average effective income tax rates were at their lowest levels since the IRS began tracking them in 1986. The average tax rate for returns with a positive liability went from 12.24 percent in 2008 to 11.06 percent in 2009.
Dedicated to educating taxpayers about sound tax policy and the size of the tax burden borne by Americans at all levels of government. Grounded in the belief that "the dissemination of basic information about government finance is the foundation of sound policy in a free society."
Refutes claims from a Tax Policy Center (TPC) paper that Mitt Romney’s tax plan "necessarily leads to lower taxes on high-income earners and higher taxes on everyone else" and presents data documenting record high progressivity rates in the current American tax system.
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