How to tax the top 1% with Natasha Sarin

如何对最顶尖的1%征税——Natasha Sarin访谈

The Economics Show

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2024-11-04

29 分钟
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In 2025, some major provisions in the Tax Cuts and Jobs Act are going to expire. Meanwhile, spending is likely to rise. That means there is going to be a conversation about tax policy. Natasha Sarin was a counselor to Treasury secretary Janet Yellen at the US Treasury, and is now a professor at Yale and president of the Budget Lab, a research centre analysing US policy. And one thing she has been studying is the tax position of many of the ultra-wealthy. Much of their wealth is in stocks, which aren’t taxed until they’re sold. This week we are going to ask, what is the best way of taxing the top 1 per cent? Soumaya Keynes writes a column each week for the Financial Times. You can find it here Subscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • Next year, American policymakers are going to have to decide what to do about taxes.

  • Some major provisions in the Tax Cuts and Jobs act are going to be expiring an outcome neither Republicans nor Democrats want.

  • That means that whoever wins the US Election, there is going to be a conversation about tax policy.

  • There is also the context that right now the government is borrowing a lot of money.

  • At some point, taxes are going to need to rise and many are going to be saying,

  • okay, cool, but don't raise my taxes.

  • Raise them on those people over there.

  • Raise them on the very richest.

  • This week we are going to ask what is the best way of taxing the top 1%?

  • This is the Economics show with Samaya Keynes.

  • I'm joined today by Natasha Sarin,

  • formerly counselor to Treasury Secretary Janet Yellen at the US Treasury,

  • a current professor at Yale, and also president of the Budget Lab,

  • a research center analyzing US Policy.

  • What better person to talk about taxes?

  • Natasha, hello.

  • Hi, Samayya.

  • Thanks so much for having me.

  • Thanks so much for being here.

  • Okay, let's get straight into it.