I shall post videos, graphs, news stories, and other material there. We shall use some of this material in class, and you may review the rest at your convenience. You will all receive invitations to post to the blog. (Please let me know if you do not get such an invitation.) I encourage you to use the blog in these ways:
To post questions or comments about the readings before we discuss them in class;
To follow up on class discussions with additional comments or questions.
To post relevant news items or videos.

There are only two major limitations: no coarse language, and no derogatory comments about people at the Claremont Colleges.

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Wednesday, April 14, 2010

The Tax Man (Does Not) Cometh

Expanding upon our discussion of tax rates and that 47% of Americans do not pay taxes, the New York Times ran an article analyzing the numbers. It factors in tax credits, while also looking at the impact of other taxes, like corporate taxes and excise taxes.
"Even if the discussion is restricted to federal taxes (for which the statistics are better), a vast majority of households end up paying federal taxes. Congressional Budget Office data suggests that, at most, about 10 percent of all households pay no net federal taxes. The number 10 is obviously a lot smaller than 47."
(N.B. This is a post for Jacinth Sohi, not Abhi. She just hasn't figured out the website yet to be able to publish herself.)

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