All Questions
47
questions
18
votes
3
answers
5k
views
If only people with at least $1,000,000 annual income were taxed, what would their tax rate have to be to avoid a drop in income tax revenue?
If personal income taxes were eliminated entirely for anyone with less than $1,000,000 income, there is one flat tax rate for those who are taxed, and corporate income taxes and all other taxes staued ...
- 1,247
1
vote
3
answers
252
views
Has any government ever implemented a break-even tax policy?
I was reading Strong Towns by Charles L. Marohn Jr. In it, he describes how cities must have revenues that exceed expenses in order to survive. However, in his experience, most people react to the ...
- 207
57
votes
14
answers
12k
views
How is printing money different from taxing people?
From what I understand, printing money gives the government more money while, in time, decreasing the value of the rest of the money in circulation (or reducing how much the value of the currency ...
- 641
9
votes
4
answers
363
views
Has an income ceiling policy been tried in a free market economy?
Some countries have implemented some very high tax rates, but did any country, in recent history, implement a ceiling on all earnings (wages and capital gains) in an, otherwise, self-regulated market? ...
- 107
31
votes
3
answers
10k
views
How does Dubai get its money?
I have seen many claims that Dubai has no income tax. Yet, since the Government of Dubai clearly does spend lots of money, how does money flow to the Government of Dubai?
- 857
1
vote
0
answers
82
views
Why are African countries using direct and indirect taxation against their farmers to tax them at a rate twice as high than anywhere in the world?
Why are African countries using direct and indirect taxation against their farmers to tax them at a rate twice as high than anywhere in the world?
I found this in a research paper entitled Why kill ...
- 45.4k
6
votes
1
answer
1k
views
Biden's goal is 15% minimum tax rate, when Corporate Tax is already higher?
I do not understand the Biden Corporate Minimum Tax Rate proposal. Biden wants to set it at 15% per this article and few others.
However, the minimum corporate tax rate is already 21%. Wikipedia ...
user38056
26
votes
3
answers
6k
views
How do states with no state income tax like Florida or Texas generate tax revenue?
How do states with no state income tax like Florida or Texas generate tax revenue? Do they have higher property tax or sales tax?
I compared their property and sales taxes with other states with ...
user38056
1
vote
1
answer
241
views
How does one determine the source of funds (money) for a government expenditure?
When a government decides to spend money, they have 3 primary choices (please correct me if I'm mistaken):
Spend money they already have (from taxes)
Borrow money (from people/organizations within ...
- 1,506
5
votes
0
answers
160
views
Is any government considering taxing remote work more than "regular" work?
Deutsche Bank proposed a 5% tax for remote work as remote workers enjoy several benefits such as more safety (e.g. from COVID), reduced costs due to less traveling and less socializing.
A research ...
- 53.4k
12
votes
2
answers
534
views
Why is active income taxed more than passive income?
In the United States, ordinary wage income is taxed at a much higher rate than capital gains. It changes from year to year but in general the maximum bracket is 35% vs 25%.
This is counter intuitive ...
- 843
7
votes
1
answer
359
views
How can governments convert informal work into formal work?
In Argentina, it is estimated that about 48% of all work is informal or off-the-books work which is not reported to the government or properly taxed. This hurts the government's tax revenue and can ...
- 355
10
votes
3
answers
2k
views
Can a reduction of employer taxation lead to more equal income?
In Argentina, it's usually said that the economic burden on employers is very heavy (just an example). So much so that, if it were lifted, more people would become employed, but I don't quite ...
- 355
3
votes
1
answer
777
views
Do the US and most EU countries effectively have a flat income tax system?
In the US and most EU countries, there is a progressive income tax system. However, income tax is not the only tax and there many other direct and indirect taxes. Almost all other taxes, such as ...
- 658
5
votes
2
answers
513
views
Would policies that forced millionaires and billionaires to inject significant amounts of their wealth back into the economy cause inflation?
By my knowledge of the current situation, the majority of the wealth in many countries is held by a few individuals with incredible amounts of wealth. Much of it is in the form of stock options and ...
- 2,125