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Articles on Income tax

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Some extremely rich people are paying a much smaller share of their income on taxes than other folks. Nuthawut Somsuk/iStock via Getty Images Plus

A new reason Americans are getting leery of billionaire donors

News about how little income tax some of the richest Americans reportedly pay is adding to questions about the value to society of their massive charitable donations.
A sign in Texas in 1939, at the end of the Great Depression. (The New York Public Library/Unsplash)

Put your trust in taxes during the coronavirus pandemic recovery

The Canadian federal government’s COVID-19 Economic Response Plan includes tax-related measures. It’s helpful to examine tax supports for individuals by considering the past, present and future.
Crash or crash through? Treasurer Josh Frydenberg and Prime Minister Scott Morrison walk to a meeting with the Reserve Bank governor on Wednesday. Joel Carrett/AAP

Frydenberg declares tax package must be passed ‘in its entirety’

In an interview with The Conversation, Frydenberg refused to be drawn on what the government would do if unable to get the whole bill through.
To start with each side offers a “lamington” (Low and Middle Income Tax offset), then the differences get serious. Shutterstock/Grattan Institute

Your income tax questions answered in three easy charts: Labor and Coalition proposals side by side

After some years the Coalition’s proposals would cost $40 billion per year more than Labor’s, but by then Labor will have probably cut tax further too.

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