Word: feenberg
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Dates: during 2010-2019
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Opinion is mixed about whether tax that primarily targets the rich would solve today's debt problems. "Once the marginal rate exceeds 40%, you get high levels of tax avoidance and evasion," says Daniel Feenberg, an associate with the National Bureau of Economic Research in Cambridge, Mass. (See the best business deals...
...prefers the idea of introducing a VAT, or value-added tax, and increasing payroll contributions for social programs such as retirement and disability insurance. Feenberg estimates that a 14% VAT on goods and services, similar to what exists in the E.U., would generate more revenue than the existing income...
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