Video encyclopedia

Tax policy


Biden on tax policy: 'The middle class is getting killed'


The 70% top tax rate, explained with potatoes


Joe Biden on tax policy in interview with CNBC


Two tax policy experts debate how Joe Biden's tax proposals affect the economy


Here's a break down of Democratic Candidate Joe Biden's tax plan

Tax policy is the choice by a government as to what taxes to levy, in what amounts, and on whom. It has both microeconomic and macroeconomic aspects. The macroeconomic aspects concern the overall quantity of taxes to collect, which can inversely affect the level of economic activity; this is one component of fiscal policy. The microeconomic aspects concern issues of fairness and allocative efficiency.
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