Tag: Taxation

Why Are So Many Economists Confused About Obamacare’s Effects on Jobs? »

What’s wrong with the business economists? Have they forgotten everything they learned in Econ 101? Casey Mulligan explains it for the umpteenth time: As far as I know, before this month the only place that one could read about the Affordable Care Act’s new employment tax was in this paper by David Gamage, in...
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Patient CARE Act Would Impose 37 Percent Marginal Income-Tax Hike on Late Middle-Aged »

I have already written twice about three Republican Senators’ health-reform bill (here and here). Nevertheless, it continues to attract attention, and its likely most curious impact has not yet been described. The Patient CARE Act, put forward by Senators Hatch, Burr, and Coburn, would institute changes to marginal-income tax rates that would increase disincentives...
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Health Reform: Senate Republicans’ Proposal Is a $47 Billion Tax Hike with Few Beneficiaries »

The health-reform proposal put forward by three Republican Senators (Hatch, Burr, and Coburn) has attracted a lot of attention as the so-called Republican alternative to Obamacare. Although the reform includes a grab bag of previous Republican reforms, including medical malpractice and Medicaid, its most radical element is a significant change to the private, employer-based...
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President Obama on Inequality: Rhetoric vs. Reality »

President Obama has recently promoted inequality as a fundamental threat to our way of life, saying, “The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe.” You can read the rhetoric here. Let’s look at...
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Oh No! The Republicans Are Going to Tax Your Health Benefits! »

If even the Wall Street Journal offers biased coverage on reforming the tax code to allow individuals to own their own health insurance (and it does), we have a bigger hill to climb before we can eliminate the discrimination against individually owned health insurance. According to the WSJ, Congressional Republicans are more gun-shy than...
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“Job Lock” from Employer-Based Health Benefits: What Should Government Do? »

Back in 1993, the economists Jonathan Gruber and Brigitte C. Madrian highlighted the problem of “job lock,” a consequence of employer-based health benefits. Job lock referred to the fact that the U.S. Internal Revenue Code does not tax employees’ health benefits if they are provided through employers’ group plans. However, if employers gave the...
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It’s Official: The Top 40% of Income Earners Pay More Than 100% of Federal Income Taxes »

The Congressional Budget Office has just published a study, The Distribution of Household Income and Federal Taxes, 2010, which shows that the top 40% of income earners paid 106.2% of total federal income taxes, while the bottom 40% paid -9.1%. This isn’t the study’s headline, so you have to dig a bit to get...
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“Creepy Uncle Sam” Is Back Just in Time for Halloween! »

Following up on the earlier videos that went viral regarding the looming threat of Obamacare, here is the newest one involving “Creepy Uncle Sam,” “Halloween Horror 2013 — Get The Door, Chad”: For the pivotal alternative to Obamacare, please see the Independent Institute’s widely acclaimed book: Priceless: Curing the Healthcare Crisis, by John C....
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Jon Stewart Savages Obamacare’s Healthcare.gov Website »

The utter disaster of the Obamacare website, Healthcare.gov, is attacked here by Jon Stewart of The Daily Show on Comedy Central. The further significance of Stewart’s critique is that according to the Pew Research Center, Stewart is the #2 leading source of news and analysis for 39% of young adults, ages 18-29 (The Colbert...
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Government Spending and Regime Uncertainty—a Clarification »

In view of my sixteen-year campaign to bring about an understanding of the idea of “regime uncertainty,” one might think that I would be gratified by the growing recognition of the importance of the closely related (but narrower) idea of “policy uncertainty” in relation to the unusually slow recovery from the bust of 2007-2009....
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