Social Security and Medicare are facing serious financial difficulty in the near future.
The official unemployment rate was 4.4 percent in March 2020, up from 3.5 percent in February. That increase was the largest of any month since January 1975.
High healthcare spending is not necessarily a bad thing, especially if it leads to better health outcomes. However, that is not the case in the United States.
Compared to historical trends and other advanced economies, corporate tax revenues in the United States are at very low levels.
Healthcare in the United States is very expensive — but we don’t get what we pay for.
A number of current and former candidates have suggested adding new sources of revenue through various types of taxation of wealth.
Some lawmakers favor substantial increases to marginal tax rates. Let’s look at how marginal tax rates and brackets work.
A wealth tax would impose a levy on assets owned by an individual or household — as opposed to, for example, an income tax.
As the 2020 campaign season swings into gear, the national debate about taxes — including tax rates, tax types, and tax fairness — is gaining prominence.
The proportion of the population who are uninsured began increasing in 2017.