When a worker’s after-tax income declines due to higher taxes, that person has a reduced incentive to work, a Congressional Budget Office analyst explained.
MSNBC host Rachel Maddow caused a media stir Tuesday when she sent out a tweet revealing that her show had obtained President Trump’s tax returns and she was going to unveil them later that night.
MSNBC host Rachel Maddow tweeted Tuesday night promising the audience who tuned into her show President Donald Trump’s tax returns.
The federal government collected approximately $1.257 trillion in taxes in the first five months of fiscal year 2017, but the federal government still ran a $349 billion deficit during that time, according to the latest monthly Treasury Department statement.
Since Jan. 1, the city of Philadelphia has implemented a 1.5 cent per ounce tax on soda and other sweetened beverages, causing businesses to incur losses and lay off workers, the New York Post reported.
Republicans are overwhelmingly concerned with the current tax system, saying that the tax code is too complicated and the rates are too high, according to a survey from the American Action Network. Tonight, President Donald Trump will give his first address before a joint session of Congress where he will likely focus on tax reform. …