November 17, 2008
While it's always nice to see Tax Foundation material cited in the New York Times or the Wall Street Journal, we are just as excited when we see our studies in student publications at colleges and universities.
Allysia Finley writes an op-ed in The Stanford Daily, an independent publication, on fiscal responsibility in government:
"Under Obama’s tax plan, 48 percent of people will not pay any income tax and many of these people will even receive a check from the government. Those who earn more than $250,000 will see their tax burden increase by 11 percent, even though the top one percent already pay 40 percent of the nation’s income taxes while earning 21 percent of the nation’s income, according to the Tax Foundation."
Zachary Kurtz looks at marginal rates and capital gains in President-Elect Barack Obama's tax plan in his opinion piece in The Statesman, the paper for Stony Brook University.
"The Obama plan won't actually help all the people he says that it's going to help, according to a study done by the Tax Foundation. On the surface, Obama's tax cuts and redistribution plans seem to put more money into the hands of those who need it. In a progressive taxation system, however, the real tax rate doesn't provide an accurate assessment of tax obligations. This is because the deductions available at each tax bracket creates a disparity between actual tax liabilities and taxable income, depending on what tax bracket you fit into."
We also continue to get love from the blogosphere: