President Biden wants to raise the capital gains tax that wealthy people pay and use the extra revenue to fund new social spending on children and education.
Nearly all U.S. families with children will benefit.
Tara Moore/Stone via Getty Images
For middle-class and wealthy families, securing government aid tends to be free of hassles. For low-income families, the process is often stigmatizing and the benefits meager.
U.S. taxpayers spend more than $2 billion annually in tax preparation fees.
Nora Carol Photography/Getty Images
Dozens of prosperous countries save billions of dollars and hours annually by not requiring residents to fill out tax returns, so what is the United States waiting for?
Thomas Reevely, 10, takes part in a class meeting in Ottawa, April 3, 2020.
THE CANADIAN PRESS/David Reevely
An economist and an environmental law expert explain why a tax is more palatable to the industry and better for the public than regulation.
A water bottle sits on the table in front of Chief and NDP candidate Rudy Turtle during a visit by NDP Leader Jagmeet Singh on Oct. 5, 2019 on the Grassy Narrows First Nation, where industrial mercury poisoning in its water system has seriously affected the health of the community.
THE CANADIAN PRESS/Paul Chiasson
A tax on sugar-sweetened beverages may be intended to improve health, but for Indigenous consumers, such a tax would be unethical, contravene tax law and undermine Indigenous rights.
Tax revenue from lotteries is supposed to fund education and other public services.
AP Photo/Alan Diaz
The Mega Millions lotto pot for Jan. 15 is the second largest it’s ever been. Taxes on the lotto go to state governments, but often the money isn’t spent in quite the way it’s supposed to be.
In ancient Athens, only the richest people paid taxes on wealth, and they were happy to do it.
Twospoonfuls via Wikimedia Commons
In ancient Athens, the richest people paid taxes to support what the residents considered the salvation of the city. These taxes earned them social and political clout more valuable than money.
While those on the left, right and middle worry about the federal deficit, the real world that we live in is in trouble. The fiscal prudes are fretting about the wrong issues.
American citizenship is not as coveted as it once was.
iStock / Getty Images Plus
Some 10,000 people are likely to give up their US passport this year, way above average. Are they fleeing COVID-19? Nasty politics? Taxes? None of the above, says an expert on American citizenship.
A shack in a waterfront community in Lagos.
GettyImages
Our new research shows Australians recognise the fundamental importance of additional investment in the aged care sector to boost the quality of care.
Protestors voice their displeasure during a New York City Council hearing on Amazon’s plan to locate a headquarters in the city.
Drew Angerer/Getty Images
As state and local governments lure businesses to their shores with financial incentives, a recent study finds that two forms of stimulus spur growth more than others.
The demand for services nonprofits offer is surging.
Paul Bersebach/MediaNews Group/Orange County Register via Getty Images
What is a state’s balance of payments, and why do some pay so much more? An author of a report at the heart of debates over which states should get coronavirus relief funds breaks it down.
Canada’s federal deficit has skyrocketed since the beginning of the coronavirus pandemic. How will Ottawa pay back the money its borrowed?
THE CANADIAN PRESS/Sean Kilpatrick
Canada’s federal deficit has ballooned as Ottawa spends billions in response to the coronavirus pandemic. An economist explains why the massive spending will not harm Canadians in the future.
Good old days: Before the coronavirus hit, governors, like California’s Gavin Newsom, had easier jobs.
AP/Rich Pedroncelli, Pool
As Congress considers further financial help for victims of the coronavirus pandemic, the magnitude of the fiscal crisis that governors and their states will have to face is just starting to emerge.
A sign in Texas in 1939, at the end of the Great Depression.
(The New York Public Library/Unsplash)
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.
Digital traders will not escape taxation.
Create Jobs 51/Shutterstock