Where Have All the Economists Gone? (Taxes)

Joe Biden says that corporations aren’t paying their fair share of taxes. He also says his plan to raise corporate taxes won’t harm anyone who makes less than $400,000 a year. Virtually all economists know these statements are false. Yet, John Goodman thinks there has ever been a time in recent history when there has been such a large gap between what economists know and what politicians say. More.

Economic Analysis of the Biden Tax Plan

Biden Tax Plan 2020

Like other economic estimates of the Biden economic plan, the Kotlikoff analysis finds that the impact on 80 percent of the population is a small, positive number, averaging only a few hundred dollars a year.

Goodman: Tax Reform for the Middle Class

Tax Law Changes: Good, Bad and Ugly

We need to remove the most unfair, most anti-work, most anti-saving provisions of the tax code – ones that burden the middle-class. These include a social Security earnings penalty that can push senior workers into a 95% marginal tax rate, a tax on nonsocial security income that even hits tax-exempt bonds, and unfair restrictions on part-time workers and the self-employed. More.