Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom

Taxes proposed to pay for healthcare reform

This paper from Curtis S. Dubay from the Heritage Foundation investigates the new taxes US government is about to impose, in order to finance Obama’s health care reform. Higher Medicare taxes would push the top average marginal tax rate even higher than already scheduled. Currently, the top federal tax rate is 35 percent, but President Obama has proposed to allow it to increase to 39.6 percent. In addition, the House of Representatives’ version of health care reform includes a 5.4 percent surtax on incomes over $500,000 a year.

All these increases, combined with state and local income taxes, would raise the average top marginal rate in the U.S. to over 52 percent. This would be higher than traditionally high-tax countries such as Italy, Spain, and even France.

Read the paper

Share this article :

Related contents ...

Tax on Robots? Old Wine in new Bottles

UK 2017 Elections

Capital for the 21st Century

New Policy Paper Available: Taxing corporations: why it is not only bad, but unjust
by Pierre Bessard and Fabio Cappelletti

Any message or comments?

Show Form

 css js

By continuing browsing our website, you agree with our cookies policy

Monthly newsletter
Receive our publications for free