Business Tax VOX
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Clinton proposes tax simplification for small business
The measures aren’t especially dramatic, and are unlikely to garner many headlines, but they have the potential to make tax filing vastly easier for owners of small firms.
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The wide tax gulf between Romney and Trump
In their support of Trump, the Republican Party is backing a substantially different tax plan than they were four years ago with Mitt Romney.
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'I was framed!' Or, the case of the tax policy overpowered by words.
When it comes to taxes, how much can they be swayed by perception?
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Being IRS commissioner shouldn't be mission impossible
The 2016 Republican Party platform demands that Congress impeach and convict Internal Revenue Service Commissioner John Koskinen. Impeaching the commissioner may be good political theater, but it's bad for the country.
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How the candidates compare on taxes
According to the Tax Policy Center, Clinton's tax proposals could cut $1.2 trillion off the national debt within one decade while Trump's proposals could add $11.2 trillion to the debt.
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How would Clinton’s tax proposals affect different taxpayers?
Democratic presidential nominee Hillary Clinton's tax proposals would raise $1 trillion over the coming decade—and nearly all of it would come from high-income households.
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Trump's tax plan gets fuzzier and fuzzier
Back in the day, when Soviet-era Russian apparatchiks fell out of favor, they’d become non-persons and even be removed from old group photos. That’s what’s happened to Donald Trump’s tax plan from last September.
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Giving Olympians a special tax break wins the gold medal of bad ideas
Despite what Congress wants you to believe, a bill making Olympic medals and cash awards tax free would do almost nothing to help truly struggling athletes.
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Making America's debt great again
Donald Trump's tax reform plan would drain government coffers of revenues. Coupled with his promise to avoid cuts to Social Security and Medicare – two big parts of the budget – it would boost public debt to all-time record levels.
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What Clinton’s 2015 income tax return tells us
The Clintons are rich, pay a lot of taxes, and are more generous than average for people in their bracket.
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Mike Pence is an experienced tax cutter
In just three years as governor, Republican vice presidential nominee Mike Pence successfully pushed proposals to cut income taxes, corporate taxes, personal property taxes, and completely eliminate the state’s inheritance tax.
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Federal taxes are very progressive
The Tax Policy Center projects that effective federal tax rates this year will range from 3.5 percent for households in the lowest-income quintile (or fifth) to 33 percent for those in the top 1 percent.
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Trump's child care tax break won't help most families
Donald Trumphas proposed allowing all families to deduct average childcare costs on their income tax returns. The details are muddy, but subsidies aren’t generally the best way to help low-income households pay for childcare.
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August 24, 2016
Photos of the Day 8/24
A recovered hedgehog is held in gloved hands before its release near Kecskemet, Hungary, on Wednesday. Some forty previously injured and rehabilitated animals belonging to the protected species were released into the wild as a result of the joint efforts of the Kecskemet Zoo and Kiskunsag National Park.
More Tax VOX
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Tax platform stays offstage for Democrats
In contrast to the Republican platform, the Democrats' tax platform doesn't include many specifics about the party's goal for taxes and does not call for fundamental tax reform.
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Tim Kaine's tax record reflects Clinton's present and possibly future
While he was governor of Virginia, Tim Kaine proposed tax hikes to pay for new government programs and tax cuts for low- and middle-income residents. It’s a combination that closely parallels Clinton's tax proposals for the nation.
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What Brexit says about the credibility of experts and evidence
Britain's vote to leave the European Union may indicate a growing distrust of experts in advanced countries. In order for trust in research and expert opinion to be restored, transparency in funding and peer review should be standard practices.
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Clinton wants to change capital gains taxes
In an effort to encourage investors and businesses to think long-term, Hillary Clinton has proposed changing how we tax capital gains.
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Reimagining international tax in a globalized world
Though the world economy has changed drastically in the past hundred years, the basic international tax framework has not. Michael Graetz addresses how to handle issues of international tax in a recent talk at Tax Policy Center.
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Trump's tax plan is twice as costly as Reagan’s
Donald Trump's proposed tax plan could add $11 trillion to federal debt over the next ten years with a revenue reduction that would be the largest in history.
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What tax brackets are most Americans in?
Though policymakers are often consumed with discussing the top tax rate, only one percent of couples are in the 39.6 percent tax bracket. The majority of American incomes are taxed at 15 percent or less.
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What the GOP platform says about taxes
The Republican platform approved yesterday by the GOP convention is an attempt to merge standard party views on taxes with candidate Donald Trump’s less orthodox positions.
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A closer look at those who pay no income or payroll taxes
Nearly half of Americans pay no federal individual income taxes, according to the Tax Policy Center.
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Trump and Clinton fiscal policy in era of growing government debt
It is worth considering the Congressional Budget Office’s fiscal forecast, out today, as you think about the campaign promises of Hillary Clinton and Donald Trump. In that context, Clinton’s agenda is merely irresponsible. Trump’s is fiscal madness.
