/cdn0.vox-cdn.com/uploads/chorus_asset/file/3601626/ctj_taxrate.0.png)
State and local taxes are rather regressive.
/cdn0.vox-cdn.com/uploads/chorus_asset/file/3601618/ctj_taxshares.0.png)
via Think the poor don’t pay taxes? This chart proves you very wrong. – Vox and How Much Do the Top 1 Percent Pay of All Taxes?
Who Pays Taxes in America in 2015?
16 Apr 2015 Leave a comment
in politics - USA, public economics Tags: tax incidence
Taxes on wages rising, but are low in New Zealand
14 Apr 2015 Leave a comment
in politics - New Zealand, public economics
Taxes on #wages rising, even tho most governments did not raise rates in #OECD area. Why? See bit.ly/1IHNOvQ http://t.co/pX1v1rlFFf—
(@OECD) April 14, 2015
Taxes on wages have risen by about 1 percentage point for the average worker in OECD countries between 2010 and 2014 even though the majority of governments did not increase statutory income tax rates…
The highest tax wedges for one-earner families with two children at the average wage were in Greece (43.4%), Belgium (40.6%) and France (40.5%). New Zealand had the smallest tax wedge for these families (3.8%), followed by Chile (7%), Switzerland (9.8%) and Ireland (9.9%). The average for OECD countries was 26.9%… Child related benefits and tax provisions tend to reduce the tax wedge for workers with children compared with the average single worker. In New Zealand in 2014, this reduction (13.4 percentage points) was greater than for the OECD average (9.1 percentage points).
via OECD tax burdens on wages rising without tax rate increases – OECD.
Who pays income tax in the USA?
14 Apr 2015 Leave a comment
in politics - USA, public economics Tags: tax incidence, top 1%
The top 1% of income earners in the U.S. pay nearly half of all income tax on.wsj.com/1IRkAr1 http://t.co/n6L8QhArtq—
Nick Timiraos (@NickTimiraos) April 12, 2015
A lot of countries have been cutting their company tax rate in recent years
13 Apr 2015 Leave a comment
in public economics Tags: company tax rates, tax competition
Desperately seeking a neoliberal conspiracy to slash taxes to the bone in Australia and New Zealand
31 Mar 2015 Leave a comment
in politics - New Zealand, politics - USA, public economics Tags: neoliberalism, Rogernomics, tax reform
If our friends on the Left are to be believed, governments fell under the spell of a flying visit by Milton Friedman and his local neoliberal cronies and slashed taxes to the bone from about the mid-1980s in Australia and New Zealand.
Source: Revenue Statistics – Comparative tables.
In Australia’s case, the only time tax revenue as a percentage of GDP fell prior to the election of a Labour government in 2007 was during a deep recession in 1991. This was a recession bought on by irresponsible monetary policy by Paul Keating– the Keating recession.
As for New Zealand, the tax take increase quite considerably under tax reforms of the Labour Government of the 1980s. Roger Douglas, far from being a neoliberal plant, seemed to be a double secret agent of a tax maximising Leviathan. Little wonder the New Zealand economy was sluggish in the late 1980s because of this large increases in the tax take.
Osborne won't rule out tax cut for top earners ind.pn/1JaeId4 http://t.co/LvO7vgmmX0 http://t.co/YU3600Sk5s—
Marcus Chown (@marcuschown) April 05, 2015
Tax reform leads to higher taxes – the evidence on the GST
31 Mar 2015 Leave a comment
in constitutional political economy, politics - Australia, politics - New Zealand, Public Choice, public economics, taxation Tags: Geoffrey Brennan, James Buchanan, tax reform
The GST increased from 10 to 15% in New Zealand; more than doubled in the UK; but GST rates were stable or went up and down in the remaining Anglo-Saxon countries.
As for a selection of other non-Anglo-Saxon countries , Brennan and Buchanan were right. Tax reforms such as a broad-based consumption tax leads to higher taxes through time.
ICYMI: How does Australia's GST compare with other nations? ab.co/1eBsdrS #factcheck http://t.co/QFP05xonEB—
ABC Fact Check (@ABCFactCheck) July 31, 2015
The GST (goods and services tax) in Europe is known as the value added tax (VAT).
Source: OECD Tax Database – OECD.
Red Ed has given up on fighting climate change and introducing a carbon tax
11 Mar 2015 Leave a comment
in energy economics, environmental economics, global warming, public economics Tags: carbon tax, climate alarmism, expressive voting, left-wing popularism, rational ignorance, rational irrationality, UK politics
I am starting to warm to Red Ed. His freeze on energy bills rules out any carbon tax was he cannot introduce a carbon tax while freezing energy bills.
Hauser’s Law of marginal tax rates and tax revenue
26 Feb 2015 Leave a comment
in politics - USA, Public Choice, public economics Tags: Director's Law, Marginal tax rates
No matter what the tax rates have been, in post-war America tax revenues have remained at about 19.5% of GDP.
Cigarette smuggling in the United States on a state-by-state basis
18 Feb 2015 Leave a comment
in applied price theory, applied welfare economics, economics of crime, law and economics, macroeconomics, politics - Australia, politics - New Zealand, public economics, taxation Tags: smuggling, tax avoidance, tobacco regulation, tobacco taxation
Ricardian equivalence alert: Millennials and the funding of their retirements
17 Feb 2015 5 Comments
Utopia, you are standing in it! 
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