Next week, Nevada voters will cast their ballots and decide whether or not Nevada will institute a margin tax. The tax is a modified gross receipts tax (a type of tax only five other states have) and is modeled after the...
- Putting a Face on America's Tax Returns: Chart 12
Putting a Face on America's Tax Returns: Chart 12
Executive Summary In his bestseller Capital in the Twenty-First Century, Thomas Piketty recommends a wealth tax as a remedy to inequality. The basic version of Piketty’s wealth tax would impose a tax rate of 1 percent on net worth of $1.3...
Key Findings The United States is not the only country to experience the phenomenon of corporate tax inversions. Despite cutting the corporate tax rate from 52 percent in 1980 to 28 percent by 2008, the UK levied one of the higher corporate...
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