May 25, 2008

A Pigovian Idea for All You Gas Hogs

Posted in Oil Prices, Taxes tagged , , , at 7:01 pm by davidprudente

In today’s New York Times, Robert Frank points out that the Invisible Hand is still hard at work and that perhaps taxes aren’t the evil some politicians make them out to be.


November 5, 2007

Taxation Power Point Slides

Posted in Taxes at 9:47 pm by davidprudente

It might be helpful to review the Powerpoint slides for the taxation chapter. To view the slides click here Mankiw Chapter 12

November 4, 2007

How We Build a Budget Deficit

Posted in Budget Deficit, National Debt, Taxes at 5:07 pm by davidprudente

Here’s a story from today’s New York Times that provides great background about pork barrel spending. If you wonder how we’ve amassed 9 Trillion dollars of debt, this story should help you understand.

October 31, 2007

Required Reading

Posted in Taxes at 8:08 pm by davidprudente

Here’s an excellent article from today’s New York Times that explains current taxation issues. For anyone interested in the current taxation debate it is required reading. In addition, click here for a graphic on the leading presidential candidates views on taxes.

Tax Graphic

Thanks to Professor Mankiw for the pointer.

October 30, 2007

Speaking of Taxes

Posted in Taxes tagged , , at 4:15 pm by davidprudente

As I was saying in class, it’s up to us to choose how we spend our tax dollars. Check out this story from CNN about an attempt to use tax dollars to build a mule museum in Bishop California.

Is this type of pork barrel spending helpful to the economy? What utility do you get from projects like this?

October 29, 2007

The Tax Policy Center’s take on Rangel’s Tax Proposal

Posted in Taxes at 6:00 pm by davidprudente

Professor Mankiw provides the following info on his Blog regarding Representative Rangel’s tax proposal.

October 26, 2007

Taxation

Posted in Articles, Taxes at 3:59 pm by davidprudente

Extra Credit Alert: 

Over the next two weeks, we’ll be examining the costs of taxation as well as the design of the tax system in the United States. In class on Friday I asked students to read this article by Professor Greg Mankiw where he argues that wealthy Americans pay their “fair” share of the tax burden (based on Congressional Budget Office data). I also found this article about Representitive Charlie Rangel’s (D-NY) new tax proposal.

As you read, I would like you to consider several questions (read the second article and answer the questions for extra credit):

  1. Who will bear the tax burden? (Rich, Middle-class, Poor)
  2. What effect will tax policy have on you?
  3. How can tax cuts help/hurt the economy?
  4. What programs will the government need to restrict if we cut taxes?

Also, be sure to complete chapter 8: The Costs of Taxation as you will have a quiz on Tuesday. Enjoy your weekend.