The country’s manufacturing sector is in decline. In 1979, about 19.6 million Americans were employed in manufacturing. Today the number stands at 12.3 million. Despite—or perhaps because of—this economic shift,...
- Scott Hodge on Fox Business: The Folly of the Buffett Rule
Scott Hodge on Fox Business: The Folly of the Buffett Rule
Key Findings A tax expenditure is a departure from the normal tax code that lowers a taxpayer’s burden, such as an exemption, a deduction, or a credit. The list of tax expenditures in a tax system depends heavily on what one considers...
Key Findings A marriage penalty or bonus is the change in a couple’s total tax bill as a result of getting married and thus filing their taxes jointly. Marriage bonuses typically occur when two individuals with disparate incomes marry...
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