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Brookings: How Income Tax Changes Impacts Economic Growth

April 30, 2017
Photo of 20 dollars by Vitaly, Sand City, United States - via Unsplash

A report from Brookings: “Effects of Income Tax Changes on Economic Growth.” Brookings has an interesting white paper about how changes to the individual income tax affect long-term economic growth. The structure and financing of a tax change are critical to achieving economic growth. Tax rate cuts may encourage individuals to work, save, and invest, but if the tax cuts are not financed by immediate spending cuts, they…

Federal Income Tax

OECD Report: Income taxes in the U.S. are relatively low

April 12, 2017
Photo of 20 dollars by Vitaly, Sand City, United States - via Unsplash

Americans love to gripe about income tax rates, particularly in April. However a new report indicates that U.S. tax rates aren’t that high compared to other developed countries. The Organisation for Economic Co-operation and Development (OECD) released its annual Taxing Wages report yesterday. The study finds that the tax burden of U.S. workers is below average on a global scale. The average single U.S. worker with no children…