In the Tuesday Wall Street Journal, Professor Alan Blinder wrote of his puzzlement at the very slow growth of productivity in the last three years. There is really no mystery. The rate of growth of investment in...
- Putting a Face on America's Tax Returns: Chart 12
Putting a Face on America's Tax Returns: Chart 12
Key Findings OECD countries rely heavily on consumption taxes, such as the value added tax, and social insurance taxes, such as the payroll tax. The United States relies heavily on the individual income tax, at 37 percent of total government...
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...
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