News about how little income tax some of the richest Americans reportedly pay is adding to questions about the value to society of their massive charitable donations.
Articles on Income tax
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Wriggling out of paying taxes may be legal, but is it right? Aristotle, Immanuel Kant – and others – have their say.
A new report found that America’s top billionaires paid very little income tax despite tremendous gains in their wealth.
New tax office figures show only 2% of Australians earn more than $211,000 a year.
LMITO excludes low earners and isn’t timely.
Raising income taxes for the super-rich can help ease the burden on government budgets and reduce inequality in society.
The UK government has an option to act boldly after Rishi Sunak’s latest budget.
Once paid, tax becomes the property of the government. Pretending otherwise undermines the basic principles of the social contract.
With their different but equally conservative income tax policies, both Labour and National ask voters to consider their own appetite for risk.
We’re all in this pandemic together. But we’re currently leaving it to a small proportion of the community to shoulder most of the economic pain. It’s an approach that’s compounding social and intergenerational…
The Canadian federal government’s COVID-19 Economic Response Plan includes tax-related measures. It’s helpful to examine tax supports for individuals by considering the past, present and future.
Digital transactions generate massive amounts of revenue and the Kenyan government wants to ensure that online traders pay their fair share of taxes.
The graph says Americans on the highest incomes now face lower tax rates than Americans on low incomes. It’s a consequence of an unusual definition of income.
High income families could get up to $1,080 per year, others $618, but it could still be worthwhile.
The Stage 3 cuts would make Australia’s income tax system the least progressive in 60 years.
In an interview with The Conversation, Frydenberg refused to be drawn on what the government would do if unable to get the whole bill through.
Taxation is not the only financial burden for overseas Americans.
The government promised to eliminate the 37% tax rate. Instead, for a certain range of income, it has lifted it to 40%.
After some years the Coalition’s proposals would cost $40 billion per year more than Labor’s, but by then Labor will have probably cut tax further too.
Flat tax is simple, Kondo simple. But that doesn’t mean it simplifies lives.
Top contributors
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Professorial Fellow, University of Canberra
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Associate Professor, POLIS@ANU Centre for Social Policy Research, Australian National University
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Senior Associate, Grattan Institute
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Visiting Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Democracy Deputy Program Director, Grattan Institute
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Scientia Professor of Economics, UNSW
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Chief executive officer, Grattan Institute
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Director, POLIS: The ANU Centre for Social Policy Research, Australian National University
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Vice-Chancellor’s Fellow, University of Tasmania
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Professor Emerita of Law, Vanderbilt University
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Lecturer in Accounting, Edinburgh Napier University
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Associate Professor of Business, Boston University
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Visiting Professor of Tax Law, New York University, and Professor of Law, The University of Melbourne
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Professor of Economics, Director of the Australian Institute for Business and Economics, The University of Queensland