Nobody ever said economists were perfect. Economics necessarily smoothes away the complicated marginalia of actual economic life, in order to produce models that will work simply and fairly accurately ...

Here is how much taxpayers in each income bracket pay on average, and how much each bracket contributes to the federal tax ...

Thanks in large part to new House member Alexandria Ocasio-Cortez, a New York Democrat, there’s been lots of discussion this week about hiking tax rates on the superwealthy. Her support in a 60 ...

I have made it one of my little missions in life to convince proponents of what I call "Ultra-strong supply side-ism" that no, at the tax rates that currently prevail in the United States, you cannot ...

Taken together with the inflation measure the IRS uses, the agency says that—on average—the inflation-adjusted tax numbers ...

Your tax bracket and the percentage of your income you actually pay are two different things. Your marginal tax bracket, or marginal tax rate, and the actual tax rate you pay on your income are ...

Editor's note: A version of this article was initially published on April 10, 2018. It is part of the 2020 Tax and IRA Guide. Question: What is the difference between marginal and effective tax rates, ...

When they won the 2011 Nobel Prize in economics for their research on the causes and effects of government policy on the macroeconomy, Thomas Sargent and Christopher Sims were given a unique ...

All of the impact is not due to the ACA; it is the cumulative effect of all explicit and implicit taxes on labor income. For example, the increase from 2012 to 2013 was due to the ending of the ...

This blog has been updated to clarify that the top table refers to single household incomes in 2012, and the interactive tax calculator below reflects 2010 data for most countries. The amount ...

Learn how marginal relief prevents disproportionate tax liability when your income slightly exceeds a surcharge threshold, ensuring fairness in ...