Tax rates : economic effects and implications / Howard P. Durham, editor.

Format:

Book

Contributor:

Durham, Howard P., editor.

Series:

Economic issues, problems and perspectives series.; Novinka (Series)

Economic Issues, Problems and Perspectives

Language:

English

Subjects (All):

Taxation--United States--Rates and tables.

Taxation.

Income tax--United States.

Income tax.

Physical Description:

1 online resource (112 pages) : illustrations.

Place of Publication:

New York : Novinka, 2013.

Summary:

Income tax rates have been at the center of recent policy debates over taxes. Some policymakers have argued that raising tax rates, especially on higher income taxpayers, to increase tax revenues is part of the solution for long-term debt reduction. For example, the Senate recently passed the Middle Class Tax Cut, which would allow the 2001 and 2003 Bush tax cuts to expire for taxpayers with income over $250,000. The Senate recently considered legislation, the Paying a Fair Share Act of 2012, that would implement the "Buffett rule"by raising the tax rate on millionaires. Other recent budget and deficit reduction proposals would reduce tax rates. This book examines individual income tax rates since 1945 in relation to these arguments and seeks to establish what, if any, relationship exists between the top tax rates and economic growth, using statistical analysis.

Notes:

Includes index.

Description based on online resource; title from PDF title page (ebrary, viewed January 17, 2017).

ISBN:

1-62417-216-4