Maryland's income tax scheme is discriminatory in and of itself because it systematically imposes tax burdens on interstate economic activity that are greater than the burdens imposed on economic activity conducted solely within Maryland.
At roughly 39% (including state taxes), the U.S. corporate tax rate is the highest among developed countries. Also, the United States is one of the few countries still taxing the active foreign-source income of its corporations.
Viard discusses recent assertions that corporations are subsidized when they claim ordinary business expense deductions for payments of performance-based executive compensation.
The tax system penalizes some kinds of capital relative to others because of differences in how cost recovery is treated. There’s also a penalty on equity relative to debt, which is very important. We have good evidence from many studies over the years that the decision between the two financing methods is somewhat sensitive to the differences in tax treatment.
The Senate is set to make Finance Committee Chairman Ron Wyden’s tax-extenders legislation its top priority this month. But what is this all about, and how does it affect the average American? Alex Brill, research fellow at the American Enterprise Institute (AEI), sets us straight
Taxing e-cigarettes like their cancer-causing alternative, traditional tobacco, is absurd. The evidence to date tells us that e-cigarettes are safe when compared to conventional cigarettes.
Tax season is over for all but the greatest procrastinators among us. Two-thirds of taxpayers are celebrating their forthcoming refunds while tens of millions of others have grudgingly written a check to the IRS.
Based on fairness concerns, there’s a strong case for making the tax system more marriage neutral by shifting to individual rather than family-based taxation, and for providing increased support to low-income individuals without children.
Please join AEI for a panel discussion exploring these and other questions about this crucial case.
Join Lerman, Wilcox, and a group of distinguished scholars and commentators for the release of Lerman and Wilcox’s report, which examines the relationships among and policy implications of marriage, family structure, and economic success in America.
Please join AEI for a book forum moderated by Last and featuring five of these leading conservative voices. By the time the forum is over, attendees may be on their way to discovering an entirely different — and better — moral universe.
Join us, as experts discuss their predictions for whether the United States will strike a nuclear deal with Iran ahead of the November 24 deadline, and the repercussions of the possible outcomes.
Please join Author James Grant and AEI senior economists for a discussion about Grant's book, "The Forgotten Depression: 1921: The Crash That Cured Itself" (Simon & Schuster, 2014).