Related to existing fiscal policy obligations, the X-date indicates precisely when the U.S. must have a higher debt ceiling.
Deciding Who Is Rich
With the Biden Administration taking us to a $400,000 threshold for higher taxes, deciding who is rich has become a legislative debate.
Why People Do and Don’t Pay Taxes
The economists who think about paying taxes tell us that there are so many different reasons that people do and do not comply.
One Way That Norway Is Different from Nigeria
Diplomatic immunity can give us an indication of corruption in a country by looking at whether consular officials pay parking tickets.
Where a Sugary Drink Tax Won’t Work
Looking at the Philadelphia sugary drinks tax, we would find it did not accomplish many of its goals in three major categories.
The Tax We Should Like
Among the least popular forms of taxation, property taxes are the most desirable because of their incentives, whom they target and their resilience.
Should Water Be Free?
Although protestors in Detroit and Ireland say water is a human right, economists, citing a definition of a public good and a tornado alarm, would disagree.
Weekly Roundup: From Marijuana to Multinationals
This week’s stories on everyday economics include productivity, externalities, tax revenue, monopolistic competition, international trade and economic forecasting.
Dude, Where’s My Tax Revenue?
Unpredictable human behavior for Colorado marijuana sales is but one example of why economic forecasting for tax revenue and GDP is inaccurate.
The One Big Reason We Can’t Really Cut the Federal Deficit
It is tough to be a deficit hawk. Rather than our typical spike in wartime spending, we have a peacetime deficit. (Please note that the federal deficit is just how much spending exceeds revenue during one year.): Spending for……
