Topic: Taxation

A U.S. Wealth Tax Would Force Wealth Out of the U.S.

– November 1, 2021

“Since no other developed country taxes wealth in the aggressive way that the Democrats are proposing, passage of their proposed tax would result in a massive flight of human and financial capital out of the United States.” ~ John Tamny

Fiscal Policy, Government, Taxation

FNB’s Shameful Public Purse Raid

– October 28, 2021

“That big bankers and their government toadies continue to play the public for suckers is abhorrent. That’s especially true as, on one hand, they tout all the ‘public benefits’ of their projects as their other hand turns out taxpayer pockets.” ~ Colin McNickle

Fiscal Policy, Government, Taxation

President Biden Is the Latest to Promote the Fib That Corporations Pay No Taxes

– October 8, 2021

“So long as the tax code penalizes work and investment, corporate taxes will be enormously high. Call them what they are: taxes on individual earnings that harm the individual, and that by extension harm the corporations that operate within what we call an ‘economy.'” ~ John Tamny

Economic Education, Government, Taxation

SALT Deductibility, Hypocrisy and Good Government

– October 6, 2021

“SALT deductibility suffers from several policy disabilities. If state and local governments benefit their citizens, they offer them more valuable services than costs, so no deductibility is warranted.” ~ Gary M. Galles

Economic Education, Government, Taxation

What Is Tax Fairness?

– September 7, 2021

“I suspect that, in a prosperous and growing economy, questions of ‘fairness’ will lose much of their political cachet and recede to the academic lounges where they belong.” ~ Theodore A. Gebhard

Economic Education, Government, Taxation

You Are Not Paying a Higher Relevant Tax Rate Than Billionaires

– June 15, 2021

“Allegations that higher income earners don’t pay their ‘fair share’ of taxes are a mainstay misrepresentation of the political left. When the facts say otherwise, they simply twist the facts and ignore more serious studies. ProPublica’s latest effort is just one more of a long line of such analytical abuses, whose details have varied over time in search of what can be most effectively used to mislead citizens.” ~ Gary M. Galles

Art and Culture, Government, Taxation

Go East, Young Man.

– June 10, 2021

“What matters now is whether California will do anything at all to make it a more palatable possibility for people who would be inclined to live there. If not, we’ll see continued erosion of the tax base, as it is only people who pay taxes who are inclined to leave, and a smaller congressional contingent with each passing census.” ~ James R. Harrigan

Economic Education, Taxation, Unemployment

Setting the Table for Covid-X

– May 15, 2021

“Covid-19 struck a robust, arguably healthy economy; a less productive, more heavily-indebted, higher tax economy awaits Covid-X.” ~ Peter C. Earle

Books, Government, Taxation

Arthur Okun, Class Warfare, Redistribution, and Income Growth

– May 7, 2021

“The low-income worker is a net beneficiary of bigger government for about 10 years. But as time goes on, the worker would be far better off with smaller government and faster growth. Different assumptions will lead to different results, of course. My goal is simply to help readers understand two things: bigger government leads to less economic growth, and less growth leads to big income losses over time.” ~ Daniel J. Mitchell

Fiscal Policy, Government, Taxation

Biden’s Infrastructure Boondoggle

– May 4, 2021

“The immediate lesson from all of this is that Biden’s plan is a boondoggle waiting to happen (just as would have been the case with Trump). The longer-term lesson is that we should get the federal government out of the business of infrastructure.” ~ Daniel J. Mitchell

Fiscal Policy, Government, Taxation

Janet Yellen Is Serious, and That’s Really Sad

– April 9, 2021

“Yellen plainly feels individual U.S. tax rates aren’t high enough, so she seeks global tax harmonization on the corporate level in order to get another swipe at individuals. On their own, Yellen’s desires rate ridicule. As evidenced by the trillions Treasury collects every year from taxpayers in order to fund a government with powers ‘few and defined,’ Americans are already overtaxed.” ~ John Tamny

Economic Education, Government, Taxation

Three Reasons to Reject Biden’s Tax Harmonization Scheme for “Global Minimum Taxation”

– April 8, 2021

“It goes without saying that if politicians are able to create a tax cartel, it will merely be a matter of time before they ratchet up the tax rate. Simply stated, they won’t have to worry about an exodus of jobs and investment because all countries will be obliged to have the same bad approach.” ~ Daniel J. Mitchell