The OECD released some information about income taxes for 2011. It’s hard to know how interesting the information is because all the spreadsheet links in the release are broken. Nonetheless, the release provides this chart, which compares income taxes in the United States to income taxes in the rest of the [...]

The Center for Budget and Policy Priorities put out a nice series of charts today detailing the distributional impact of various regressive taxes in the United States. One of the findings is that the lowest quintile of households pay 1.6% of their income in excise taxes each year while the top 1% pay [...]

The Center for Tax Justice released a report yesterday detailing the 2011 tax burdens of different income groups in the United States. Contrary to common wisdom, the poor are not free-riding on taxes and the rich are not drowning in them. As the CTJ notes (and as I have noted before), [...]

The right-wing canard that corporations are buckling under high corporate taxes has always been misleading. Although the U.S. has a 35% corporate tax rate, few if any corporations actually pay that statutory rate. In reality, the United States has the second lowest ratio of corporate tax revenues to GDP in the [...]

The New York Times ran a piece about some of the hurdles facing the adoption of President Obama’s new tax rule dubbed the Buffett Rule. The idea for the Buffett Rule comes from the fact that investors who make their money primarily through capital gains pay much lower tax rates than a great [...]

The Internal Revenue Service released a report on how much revenue the government misses out on due to illegally unpaid taxes. According to their estimates, the figure for 2006 was around $450 billion, with 17 percent of taxes going unpaid. Around $65 billion of the unpaid taxes are recovered through enforcement, leaving a [...]

I somehow summoned the energy necessary to watch the New Hampshire Republican debate on Saturday. Like the seemingly dozens of GOP primary debates held so far, the usual trainwreck transpired. Jon Huntsman spoke in Chinese briefly to try to show how much he knew about China, not realizing that the nationalists in the Republican party [...]