tax
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Other Sciences
Wealth tax linked to increased savings, study finds
Credit: Pixabay/CC0 Public Domain Uncle Sam is chronically running trillions of dollars in deficits, so one proposal to raise revenue is to tax the wealthiest Americans on their accumulated assets rather than their annual income. That is what it is. Sen. Elizabeth Warren (D-Mass.) has introduced a version of a wealth tax that would impose a 2% tax on net…
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Science
A short-lived soda tax strengthens alternative estimates of the tax’s impact on consumer behavior: a study
Credit: Pixabay/CC0 Public Domain One of the most common assumptions made by tax policy makers is that increasing taxes will increase government revenue. But a new study focused on Washington state’s soda tax strengthens another estimate of the tax’s impact on consumer behavior. Researchers found that when Washington state enacted a soda tax, not only did it provoke a backlash…
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