gains have gone overwhelmingly to workers in the top half of the income distribution. Consequently, the increase in …

between the national output and income accounts. The statistical discrepancy fell from its normal range of 0.5 – 1.0 percent … in national income accounts as ordinary income. If this is the case, then the drops in household saving during the …

When most workers look at their pay stubs, they can see that the Social Security payroll tax rate is 12.4 percent … year – pays Social Security tax on only half of his or her earnings, and one who makes just over a million dollars per year … pays the tax on only about a tenth. Raising the Social Security cap – which would make some or all earnings above $106 …

There are many economists who argue that temporary tax cuts, like those in the 2009 stimulus and the ones proposed by … President Obama last week, have no impact on the economy. They argue that people will save a temporary tax credit rather than …

three major taxes in the Czech Republic in 2008: personal income tax, corporation tax and value added tax. Unlike in many …Tax reliefs (tax expenditures) in the Czech Republic, as well as in other countries, are frequent topic of political … tax system and causes distortions. This article aims to identify and quantify the tax reliefs (tax expenditures) of the …