Chart 2: Wealthy Taxpayers Rely Less on Wage and Salary Income Than Any Other Income Class
Chart 3: Changes In Tax Rates Have Little Effect on Revenues
Chart 4: Rich Pay More Following 1920s Tax Cuts
Chart 5: Rich Paid More Under 1960s Kennedy Tax Cuts
Chart 6: Reagan Tax Cuts Generated 31% More Tax Revenue From the Wealthy
Chart 7: Higher Tax Rates, Lower Revenue
Introduction
One of the most important fiscal policy debates developing in this election involves the question of whether changes in tax policy have supply-side effects. In other words, will lower tax rates increase economic growth, resulting in more jobs, higher wages, and bigger profits? If the answer is yes meaning that lower tax rates cause taxable income to rise it is reasonable to argue that a tax cut will be at least partially self-financing. The extent to which increased revenue from a bigger tax base helps offset the revenue loss from lower tax rates then becomes an empirical question. This is what st
Seven in 10 homeowning freelancers say at least one lender has refused to consider them for a mortgage because of their employment status, a new survey suggests.
More than half of self-employed people also said they felt penalised when applying for a home loan, while 96 per cent said they had to provide more paperwork.
A quarter of freelancers who had got a mortgage found the process somewhat or very difficult according to the Association of Independent Professionals and the Self-Employed and specialist self-employed mortgage broker, CMME Mortgages for Independent Professionals
Freelancers have had limited mortgage options during the pandemic, according to the survey
The Army’s senior sustainer will highlight the important role the Army Materiel Command plays in modernization and the sustainment warfighting function during the Association of the U.S. Army’s 2021 Global
On this edition of
Talk of Iowa, host Charity Nebbe meets some remarkable high school students from around the state of Iowa.
We know that many Iowans are eager to get vaccinated against COVID-19 and for many, getting a vaccine has been an ordeal. Navigating websites and apps to make appointments is a real barrier for Iowans who may not have internet access, smart phones or comfort with technology. Grant Kimball, a junior at Norwalk High School, started a Facebook page to help people schedule appointments to get vaccinated.
At Cedar Falls High School, three students of color asked their choir teacher if they could teach their fellow students African-American spirituals and the meaning and history behind them.