April 18th, 2009 by drs
#teaparty
Here’s a great video from reason.tv that presents some amazing facts in just a couple of minutes.
Tax facts to make your head explode!
Is it patriotic to pay taxes? And if so, who the most patriotest Americans? Who are the least? How many words are in the tax code? How much do patriotic Americans pay to prepare their taxes? How long do you have to work in a year to earn enough to pay your taxes?
The answers to these and other questions add up to one big W-2 WTF.
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March 19th, 2009 by drs
A video by CF&P Foundation that builds on the discussion of theory in Part I and evidence in Part II, this concluding video in the series on the Laffer Curve explains how the Joint Committee on Taxation’s revenue-estimating process is based on the absurd theory that changes in tax policy – even dramatic reforms such as a flat tax – do not effect economic growth. In other words, the current system assumes the Laffer Curve does not exist.
Because of congressional budget rules, this leads to a bias for tax increases and against tax cuts. The video explains that “static scoring” should be replaced with “dynamic scoring” so that lawmakers will have more accurate information when making decisions about tax policy. For more information please visit the Center for Freedom and Prosperity’s web site: www.freedomandprosperity.org.
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February 12th, 2009 by drs
This video reviews real-world evidence showing that changes in marginal tax rates can have a significant impact on taxable income, thus leading to substantial amounts of revenue feedback. In a few cases, tax-rate reductions even “pay for themselves,” though the key lesson is the more modest point that pro-growth changes in tax policy will have a positive impact on economic performance and that good tax cuts therefore do not “cost” the government much in terms of foregone tax revenue.
This video is second installment of a three-part series. Part I reviews theoretical relationship between tax rates, taxable income, and tax revenue. Part III discusses how the revenue-estimating process in Washington can be improved. For more information please visit the Center for Freedom and Prosperity’s web site: www.freedomandprosperity.org.
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February 10th, 2009 by drs
What is the Laffer Curve? I’m sure you’ve probably heard it mentioned in the news. The following video the the Center for Freedom and Prosperity does a great job explaining the Laffer Curve.
The Laffer Curve charts a relationship between tax rates and tax revenue. While the theory behind the Laffer Curve is widely accepted, the concept has become very controversial because politicians on both sides of the debate exaggerate. This video shows the middle ground between those who claim “all tax cuts pay for themselves” and those who claim tax policy has no impact on economic performance. This video, focusing on the theory of the Laffer Curve, is Part I of a three-part series. Part II reviews evidence of Laffer-Curve responses. Part III discusses how the revenue-estimating process in Washington can be improved. For more information please visit the Center for Freedom and Prosperity’s web site: www.freedomandprosperity.org.
For more information: www.freedomandprosperity.org
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Tags: federal government, marginal tax rates, Politics, reason.tv, tax cuts, tax policies, tax rate, tax rates, taxes, Tea Party
