income

For Athon. In my worldview (where the sky is blue!) one's IQ causes how successful he/she will be in life and how much money he/she will make (or Socio Economic Status-- SES). Many would argue the opposite-- that the environment and opportunity you get as a kid (with SES being a crude measure...

Tis the season for giving tax policy questions. I've used a bit of Internal Revenue Code of 1954 as a model for a progressive taxation scheme and adaped it for inflation. See: 1954 IRS Code - Wikipedia NextAmount TaxRate AmountTaxed TaxTally IncomeRemaining $0,010,000 000% $0,000,000...

It is more than apparent the United States cannot continue to run huge budget deficits and spend like drunken sailors in Washington. I have a solution that has been proposed throughout the Accounting circles for eons with little political dialogue. My plan is simple; eliminate income taxes on...

Amendment XVI The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration. How do the Tax dodgers explain away the 16th when the claim that the tax is...

...compared to how things were back in say...1970. I sort of started my adult life then. Minimum wage was$1.60 an hour. That is what I got when I worked at a woodworking company. I am a person who has never been too much into buying all the worldly things available to us. I am a person who has...

Associated Press WASHINGTON -- Most American and foreign corporations operating in the United States paid no income tax between 1996 and 2000, government auditors said Friday. Using data collected by the Internal Revenue Service, the auditors found that 71 percent of foreign corporations paid...

The LibDems are proposing replacing council tax with a 3.75% local income tax (LIT). They claim (with some justification) that this is fairer as it better reflects a persons ability to pay. Yet, there are obvious flaws with this system. Thoughts?

This is interesting stuff: I have more info in my link: http://www.rationalrevolution.net/american_income_taxation.htm