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When you finish filing your income tax return, you’re probably looking forward to getting that refund check -- but it may be a very bad money move.
And when it comes to taxes, I’ve learned that people really, really don’t like People Think Getting A Tax Refund Is Bad. In Reality, Ramit Sethi Says It's Great.
Income redistribution expressed equivalently as a negative income tax or as a basic income Theoretical discussion of negative taxation began with Vilfredo Pareto , who first made a formal distinction between allocative efficiency (i.e. the market's ability to give people what they want subject to their incomes) and distributive justice (i.e ...
Sales taxes and payroll taxes are examples of regressive taxes that tend to have a greater impact on low-income households compared to high-income households. This indicates that more progressive income tax policies (e.g., higher income taxes on the wealthy and a higher earned-income tax credit) would reduce after-tax income inequality.
Income taxes provide one mechanism for addressing after-tax inequality. Increasing the effective progressivity of income taxes reduces the gap between higher and lower incomes. However, taxes paid may not reflect statutory rates because (legal) tax avoidance strategies can offset higher rates.
Extending the individual income tax portions of the Tax Cuts and Jobs Act (TCJA) is supposed to be a good thing, right? ... The post Keeping These Tax Cuts Is a Bad, Expensive Idea appeared first ...
While pre-tax income is the primary driver of income inequality, the less progressive tax code further increased the share of after-tax income going to the highest income groups. For example, had these tax changes not occurred, the after-tax income share of the top 0.1% would have been approximately 4.5% in 2000 instead of the 7.3% actual figure.
Grant Cardone, finance expert and investor, bestselling author and founder of the 10X Growth Conference, may be all about big money, but there's one thing related to his finances he prefers to keep...