Greg Mankiw's Blog: Goodbye, Estate Tax
As I recall, the reason for this peculiar state of affairs was not, as Paul Krugman suggests, an attempt to hold down the official cost of the Bush tax cuts. Indeed, back in 2001, what would happen in 2011 was outside the 10-year budget …
How can Obama “give a tax break” to people who don’t pay taxes?
dmbfans101 asked: Obama’s tax break for 95% of people includes 40+% of people that do not pay taxes. Plus he is not planning to extend the Bush tax cuts, therefor increasing taxes on 49% or tax payers.
How will you be given your tax relief money?
angybebe83 asked: I filed my taxes on friday however turbo tax told me they were waiting to process until feb 11th due to this tax relief….does this mean my add’l 600.00 from bush will be added to my tax money I am already getting back by direct deposit??? Or are they going to be mailed???
I [...]
How much does it cloud the issues to refer to “taxes” instead of “tax rates” and “tax revenue”?
Randall E asked: People often write that it was responsible for Bush ‘41 to break his “no new taxes” pledge – but when he did, tax REVENUE went down – and it’s tax revenue that funds the government.
The same people often argue that Bush should have “raised taxes instead of cutting them during war time” [...]
