The IRS has just released an analysis of the richest 400 American tax filers (.pdf). The top-line finding drawing the most attention is that these 400 earned about $138 billion, collectively, in 2007, the most recent year of data. In contrast, the bottom 90 percent of Americans, over 24 million filers, earned $247 billion.
One less-noticed [...]
All Posts Tagged: 'Income Tax'
Effective Tax Rates of the Richest 400 Americans
Charity Cynic
The Obama budget has already received vociferous opposition on its proposal to raise billions of dollars in additional revenue by capping the tax deduction for charitable contributions at 28 percent. One tv pundit predicted horrible unintended consequences and that contributions would fall “off a cliff.” That analysis is actually dead wrong, and the policy is [...]
Hoosier Taxation
Michele McNeil reports in Education Week:
Indiana Gov. Mitch Daniels, a Republican, who is facing re-election this year along with the entire House and some of the Senate in that state, has made property-tax relief his top priority this legislative year and wants to remove funding for schools’ general operating budgets from the property-tax rolls. That [...]
Lowering Student Loan Default Rates: What One Consortium of Historically Black Institutions Did to Succeed 
College and Career-Ready: Using Outcomes Data to Hold High Schools Accountable for Student Success
03/11/10 | Kevin Carey is quoted on the rising costs of education in The Economist.
03/10/10 | Chad Aldeman Aldeman's False Fronts is quoted on Accuracy in Academia.
03/09/10 | Ben Miller is quoted on loan origination on the Firedog Lake blog.
03/07/10 | Kevin Carey calls for a Race to the Top in higher education in a column in The Chronicle of Higher Education.
03/08/10 | Andrew Rotherham's Eduwonk post on RTT finalists is quoted on Class Struggle.
03/07/10 | Andrew Rotherham is quoted on the success of MATCH in The Times-Picayune.
03/06/10 | Eduwonk's reaction to Ohio's status as a RTT finalist is cited in a Wall Street Journal editorial.
03/05/10 | Andrew Rotherham's reaction to New York's status as a Race to the Top finalist is cited on National Journal.