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Articles on Taxation

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U.S. Rep. Alexandria Ocasio-Cortez making a fashion statement. Ray Tamarra/GC Images via Getty Images

‘Tax the rich’? Democrats’ plans to make the wealthy pay a little more will barely dent America’s long slide from progressive taxation

In 1950, the top 0.01% of earners paid almost 70% of their income in taxes. By 2018, the super-rich paid proportionately less than the average for all other Americans.
President Biden said he wants to raise capital gains taxes to help pay for his ambitious proposals. AP Photo/Andrew Harnik

What’s a capital gain and how is it taxed?

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.
Bank of Canada Gov. Tiff Macklem speaks during a news conference at the Bank of Canada on Sept. 10, 2020 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

The throne speech: Fiscal prudes are fretting about the wrong issues

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.
In a 1775 cartoon, a British cartoonist mocks how wealthy elites were compelled by ordinary Americans to respect trade and price regulations. Philip Dawe/Wikimedia Commons

Fight for economic equality is as old as America itself

Fears of great wealth and the need for economic equality go back to the country's origins.

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