Topic: Taxation

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How Not to Reform Tax Filing

– April 17, 2018

What Elizabeth Warren intends is to make the highwayman rob you in your sleep, so that you never know he is there and come to expect less ownership in the morning than when you went to bed. Her proposed change to tax filing would diminish property rights, make tax increases easier, reduce your privacy, and fundamentally upend what remains of the idea that you are entitled to the wealth you earn. It would also end up restricting your possible sources of income

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The Year Ends in Tax Cuts and Deregulation

– December 25, 2017

So far as I’m concerned, the genuine achievements under the Trump administration can be summed up in two words: tax cuts and deregulation.

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Whose Money Is It?

– October 11, 2017

Tax debates might have better outcomes if we began by acknowledging that the politicians take the money from the people who earn it. It’s not the politicians’ money. It’s ours.

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Bracket Creep: A Real Problem for Taxpayers

– September 7, 2017

Nothing raises Americans’ ire more than tax increases, but most of us don’t know that we face a hidden income-tax hike almost every year that the economy grows.

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TARP’s Tax Meter Still Running Years After End of Crisis

– August 16, 2017

Taxes are being collected to help end the financial crisis that ended nearly a decade ago.

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Repeal the Corporate Income Tax

– May 19, 2017

An especially controversial feature of President Trump’s proposed tax reform is a cut in the corporate income tax. The current tax is progressive, with rates ranging from 15 to 35 percent on income minus deductions. The Trump tax would have a single rate of 15 percent and would eliminate some deductions.

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Trump’s Plan Reduces the Tax Burden but Increases the Debt Load

– May 2, 2017

Americans spend $400 billion dollars per year to comply with the tax code. Americans also dedicate 9 billion hours of labor to comply with the current tax code. Beyond costly compliance, the current tax code distorts investment and work decisions in the economy. Something needs to be done to simplify the tax code and make it pro-growth. 

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An Age of Illusionists

– November 29, 2012

Remember, all spending is a tax. It has to come from somewhere. It’s coming out of the value of your Dollar.

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New CPI Means Higher Taxes, Lower Benefits

– June 11, 2012

A rose by any other name would smell as sweet, but a steak tastes not as sweet – if it’s a cut of horse  meat… The new CPI calculations are designed to further disguise inflation and the erosion of your standard of living. Last month, …

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“Two Years of Epic Stimulus Failures” – Steve Stanek

– March 9, 2011

“We’ve just passed the second anniversary of “economic stimulus” under President Barack Obama. Aside from spending on the stimulus itself—the actual price tag soon climbed from $787 billion to $862 billion—not much else has been stimulated. Well over h …

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“Our fiscal paradox: Governments too costly to function” – WP

– February 22, 2011

“Many governors face more than a spending crisis. They preside over failed systems that have discouraged fiscal restraint and sometimes preferred the interests of state employees to the interests of taxpayers. “The most important changes,” says John Ho …

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“Obama’s Louis XV budget full of gimmicks” – Chicago Tribune

– February 21, 2011

“Classic Obama debt reduction: Add $2 trillion in new taxes, then add another $1 trillion in new spending and, presto, you’ve got $1 trillion of debt reduction. And what of those “painful cuts” Obama is making to programs he really cares about? The cat …

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