Do tax cuts pay for themselves? Q.Do tax cuts pay for themselves? A.At current tax rates, the direct revenue loss from cutting tax rates almost always exceeds the indirect gain from increased activity or reduced tax avoidance. Cutting tax rates can, however, partly pay for itself. How much depends on how people respond to tax changes. Read more about Do tax cuts pay for themselves?
What would and would not be taxed under a broad-based income tax? Q.What would and would not be taxed under a broad-based income tax? A.Generally, all forms of income, but there are as many options as there are proposals. Read more about What would and would not be taxed under a broad-based income tax?
Who bears the burden of federal excise taxes? Q.Who bears the burden of federal excise taxes? A.Workers, owners of capital, and households that consume a disproportionate amount of taxed items all bear the burden of federal excise taxes. Read more about Who bears the burden of federal excise taxes?