Welcome to Higher Taxes

It’s apparently unpleasant:

American workers are opening their first paychecks of the year and finding an unpleasant surprise: The government’s take has gone up.

A temporary cut in Social Security withholdings gave Americans hundreds of extra dollars to spend over the past two years. But Congress allowed that break to expire during the wrangling . . . → Read More: Welcome to Higher Taxes

Who Pays Taxes?

Everyone:

Virtually all Americans will pay taxes during their lifetime. The uncertainty that came packaged with the Great Recession has allowed for the proliferation of many other economic misconceptions, especially in regard to taxes. Today’s economic context for tax reform is very complex. Most immediately, the economy is still in the midst of a . . . → Read More: Who Pays Taxes?

Tax Myths

Matt Yglesias:

A somewhat strange myth has taken hold in some precincts of American conservative opinion that some vast swathe of the population isn’t paying taxes. In fact everyone pays sales taxes and other state and local taxes, and as Adam Looney and Michael Greenstone write for the Hamilton Project almost all working-age people . . . → Read More: Tax Myths