The primary means by which governments raise revenue. Taxes can be levied on almost any aspect of economic activity.
Questions tagged [taxes]
65 questions
12
votes
1 answer
Does the Inflation Reduction Act increase taxes on people making less than $10,000 / year?
Quoting Democrats rely on misleading messaging to sell Manchin-Schumer bill:
In 2023, the year in which the legislation would increase tax revenue most, individuals making less than $10,000 per year would pay 3.1% more in taxes
The standard…
neubert
- 258
- 1
- 8
12
votes
1 answer
Did Trump save on taxes by burying his ex wife on a golf course?
This article claims that burying Ivana Trump on a Bedminster golf course eliminates property, income and sales tax.
Trump is accused of burying Ivana at his Bedminster golf club to take advantage of TAX BREAK offered to cemeteries: Move eliminates…
Christian
- 229
- 1
- 6
11
votes
1 answer
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 was less than 1 per
cent. ''In America, I'm told…
going
- 18,069
- 18
- 86
- 151
11
votes
1 answer
Did 80% of middle class families' tax burden decrease in 2018 because of Trump's tax cuts?
In the news lately (early 2019) are many stories of regular people complaining that they have drastically lower tax refunds than the previous year, and some even owing instead. This is in the wake of President Trump's Tax Cuts and Jobs Act, which…
user11643
11
votes
2 answers
Do rich Americans pay a lower portion of their income in federal taxes than the middle class?
Not quite the same as this related question but similar.
According to Wikipedia, the origin of the "Buffett Rule" oft-quoted by former-President Obama is that:
rich people, like himself, could pay less in federal taxes, as a portion of income, than…
Ertai87
- 516
- 4
- 11
11
votes
1 answer
Does a tax on drinks with high sugar content reduce sugar consumption?
The UK government is introducing a sugar tax on soft drinks with more than 5g per 100ml of sugar.
Coca-Cola claims that this "flies in the face of evidence from around the world"
A longer quote:
He said it was a “disappointment” that the government…
Tim
- 3,866
- 2
- 22
- 38
11
votes
2 answers
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 the need for
regulatory (command and control)
…
Ophir Yoktan
- 1,344
- 10
- 16
11
votes
1 answer
Is there a single US tax law that allows profits to be moved offshore to avoid taxes?
[A] tax provision that allows multinational corporations to defer U.S.
taxes by moving profits into offshore financial subsidiaries. This
provision -- known as the "active financing exception" -- is the main
tool GE uses to avoid nearly all…
Chad
- 9,099
- 6
- 49
- 96
10
votes
3 answers
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 measure a VAT or sales tax relative to total…
Borror0
- 7,581
- 6
- 48
- 67
10
votes
2 answers
Has a company been indicted for failing to pay taxes on benefits?
CNN is reporting that Ron Fischetti, an attorney for former President Donald Trump, stated:
“It’s outrageous. It’s unprecedented. It’s never happened before,” he said of a company being indicted in connection with failing to pay taxes on…
Dave
- 993
- 1
- 5
- 15
10
votes
2 answers
Does Scotland receive more public funding than its tax-payers contribute?
On the 18th of September 2014 the Scottish people will vote in a Referendum. The question:
"Should Scotland be an independent country?"
As you might expect the magnitude of this event has dredged up a whole load of wild claims from both sides of…
Ian
- 917
- 6
- 17
9
votes
1 answer
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 been used as an argument for raising taxes on the…
user6204
9
votes
1 answer
Is their tax bill the single biggest cost of living for most households in the UK?
Mark Littlewood wrote an opinion article in The Telegraph [unpaywalled alternative] atacking the UK's Conservative Party.
He claimed:
For most households, the single biggest cost of living is their tax bill.
This does not seem credible to me, from…
User65535
- 682
- 2
- 11
9
votes
1 answer
Is the average effective corporate tax rate in US only 15% in 2017?
I have seen plenty of arguments and articles claiming that companies pay significantly below statutory tax rates. This Forbes article claims that number was around 15%. But then I see articles like this MarketWatch one that lets you see the…
BlackThorn
- 219
- 1
- 4
9
votes
1 answer
Are the ABA and IRS foreign-owned private debt collection agencies?
A colleague recently shared An Open Letter to Sheriff Ward of Harney County Oregon - and to All County Sheriffs in America from Judge Anna
This letter makes a number of claims, among which:
The American Bar Association is an offshoot of the London…
Patrick87
- 848
- 1
- 7
- 14