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When it comes to taxes, do the rich pay their fair share? The answer, of course, is subjective since "fair" is not an absolute concept and tax data, depending how it's sliced, can tell different stories. Those who say the rich pay their fair share point to the fact that the top 1% of taxpayers end up paying almost as much in federal income tax (and some years even more) as the bottom 95% combined. Still, it's unlikely that even the most anti-tax, pro-wealth advocates would find this particularly fair: A very small number of millionaires end up owing no federal income tax at all.

China is planning to raise income tax on the very rich. By changing the minimum income at which the bracket begins from $450 to $315 a month. Even though a nation that has a great disparity between rich and poor the the tax system will have not as large an effect as say in america. This is because only a small amount of chinese file income tax forms at all so the overall lessening of government income willl not take such a direct hit.

The suffering will be widespread in Michigan as lawmakers dig the state out of next year's projected $1.4 billion budget hole.Snyder's plan eliminates the unpopular Michigan Business Tax in favor of a much smaller corporate income tax. To make up for the lost revenue, many tax exemptions and credits, both for business and individuals, would be erased. The most controversial of those eliminate an extra credit for the working poor and reduce pension exemptions.In total, income tax revenue would rise in 2013 nearly as much as business tax collections decline.

In a new study of federal fiscal policies between 1977 and 1992 entitled "Inequality and the Federal Budget Deficit," the nonpartisan group concludes that the tax cuts enacted in that period enriched the wealthy, increased the tax burden of the middle class, and grossly inflated the national debt. The study concludes that the tax cuts have resulted in lower overall federal tax burdens for only the very poorest and very richest of U.S. taxpayers. Most other families are paying a greater percentage of their family income to the government than they would be if the tax code had remained unchanged since 1977.

North Carolina is seeking to aid citizens so that tax returns are easier for them and income tax is not a "guessing game". Making tax returns simpler for citizens in North Carolina will aid the government by having to send out less and smaller returns because the citizens will be able to predict the amount of income tax that they have to pay more accurately.

Lower income earners will see a small increase in their pay packets from July 1 when the government rushes forward $1.37 billion in tax breaks.The tax cut was to be delivered when people filed their returns at the end of the financial year, but the government is changing the timing in a gesture to cost-of-living pressures and to encourage people into work and to work more.

This article is interesting since it discusses the problem with deciding on who pays higher taxes. The tax described here is a progressive tax but it is hard to decide at which income to increase the income tax.

This article is about the process that the government is going through to ban State income taxes. It is apparent that most everyone does not want to be taxed on their income but rather on their expenditures.

The article discusses the Chinese state's initiative to increase the minimum income tax threshold from 2000 yuan. This was done in order to 'boost domestic demand' - a rise in disposable income increases consumer expenditure in theory and thus boosts aggregate demand. The authorities are however cautious of the increase in income leading to inflation - this suggests that the authorities deem the Chinese economy to be near full employment of resources (according to the Keynesian outlook).

This article discuses how the increase in VAT indirect taxes, past year in Spain, by the government led to a generalized inflation that stroke the market quite heavily.

This article talks about Obama's fiscal policy with regards to taxes on the rich, and the benefits/limitations of increasing or decreasing taxes on specific income brackets.

This article deals with an increase in prices over the Scottish energy bill and repair.

This article discusses Obama's plan to use fiscal policy in order to stimulate the economy. He plans on cutting taxes based on the income group people are in.