The Washington Post. The economy's expansion last quarter, for the first time in more than a year, has prompted much speculation that the recession is over. This turning point, however, simply marks an end to the decline in activity.
The Washington Post. The economy's expansion last quarter, for the first time in more than a year, has prompted much speculation that the recession is over. This turning point, however, simply marks an end to the decline in activity.
The Washington Times. America's days of economic dominance are numbered because we don't save. The government is borrowing like crazy, and households aren't doing much better. The personal savings rate -- the share of after-tax income that people set aside for a rainy day -- has been falling...
Suppose that a taxpayer earns an additional dollar of
income. How much tax would she owe on that dollar? A
natural way to answer this question would be to look up
the taxpayers statutory tax rate - the tax rate corresponding
to her tax bracket and filing status.
President Obama's tax reform task force has been asked to propose ways to close the $300 billion tax gap, which is the estimated difference between taxes owed and taxes paid either voluntarily or through enforcement. But the amount of money lost to legal tax avoidance - the difference between an...
The Volcker task force on tax reform, part of the President's Economic Recovery Advisory Board, faces a daunting task that is made materially more difficult by ex ante constraints placed on its purview and recommendations. Broad-based reform proposals seem to be out of the question, and...
CNNMoney.com, Op-Ed.
Obama and other policymakers need to pay more attention to a fundamental conflict underlying the health care debate: People want the federal government to do much more than they are willing to pay for through their taxes.
To encourage better retirement saving, President Obama recently proposed policies that would require firms without retirement savings plans to automatically enroll their workers in IRAs. In addition, the president proposed an expansion of the Saver's Credit to be fully refundable and available...
What's blocking the recovery
The Washington Post. The economy's expansion last quarter, for the first time in more than a year, has prompted much speculation that the recession is over. This turning point, however, simply marks an end to the decline in activity.
What's blocking the recovery
The Washington Post. The economy's expansion last quarter, for the first time in more than a year, has prompted much speculation that the recession is over. This turning point, however, simply marks an end to the decline in activity.
Personal savings need a boost
The Washington Times. America's days of economic dominance are numbered because we don't save. The government is borrowing like crazy, and households aren't doing much better. The personal savings rate -- the share of after-tax income that people set aside for a rainy day -- has been falling...
Tax Cuts for New Hires: Not Yet Ready for Prime Time
Brookings Institution. Gary Burtless discusses the tax cut for new hires.
The Opacity of Marginal Tax Rates
Suppose that a taxpayer earns an additional dollar of
income. How much tax would she owe on that dollar? A
natural way to answer this question would be to look up
the taxpayers statutory tax rate - the tax rate corresponding
to her tax bracket and filing status.
Focus on the Tax 'Avoidance' Gap
President Obama's tax reform task force has been asked to propose ways to close the $300 billion tax gap, which is the estimated difference between taxes owed and taxes paid either voluntarily or through enforcement. But the amount of money lost to legal tax avoidance - the difference between an...
Remove the Return
The Volcker task force on tax reform, part of the President's Economic Recovery Advisory Board, faces a daunting task that is made materially more difficult by ex ante constraints placed on its purview and recommendations. Broad-based reform proposals seem to be out of the question, and...
Fix health care. But fix the deficits, too
CNNMoney.com, Op-Ed.
Obama and other policymakers need to pay more attention to a fundamental conflict underlying the health care debate: People want the federal government to do much more than they are willing to pay for through their taxes.
Pyrrhic victory on health reform?
Washington Times op-ed. Leonard Burman discusses the politics of the health care reform debate.
Automatic Enrollment in IRAs: Costs and Benefits
To encourage better retirement saving, President Obama recently proposed policies that would require firms without retirement savings plans to automatically enroll their workers in IRAs. In addition, the president proposed an expansion of the Saver's Credit to be fully refundable and available...