Tag: Taxation

It’s Official: The Top 40% of Income Earners Pay More Than 100% of Federal Income Taxes »

The Congressional Budget Office has just published a study, The Distribution of Household Income and Federal Taxes, 2010, which shows that the top 40% of income earners paid 106.2% of total federal income taxes, while the bottom 40% paid -9.1%. This isn’t the study’s headline, so you have to dig a bit to get...
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“Creepy Uncle Sam” Is Back Just in Time for Halloween! »

Following up on the earlier videos that went viral regarding the looming threat of Obamacare, here is the newest one involving “Creepy Uncle Sam,” “Halloween Horror 2013 — Get The Door, Chad”: For the pivotal alternative to Obamacare, please see the Independent Institute’s widely acclaimed book: Priceless: Curing the Healthcare Crisis, by John C....
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Jon Stewart Savages Obamacare’s Healthcare.gov Website »

The utter disaster of the Obamacare website, Healthcare.gov, is attacked here by Jon Stewart of The Daily Show on Comedy Central. The further significance of Stewart’s critique is that according to the Pew Research Center, Stewart is the #2 leading source of news and analysis for 39% of young adults, ages 18-29 (The Colbert...
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Government Spending and Regime Uncertainty—a Clarification »

In view of my sixteen-year campaign to bring about an understanding of the idea of “regime uncertainty,” one might think that I would be gratified by the growing recognition of the importance of the closely related (but narrower) idea of “policy uncertainty” in relation to the unusually slow recovery from the bust of 2007-2009....
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Victory! The Independent Institute’s Longtime Opposition to Inclusionary Housing Policies Lays Groundwork for Governor’s Veto »

On Sunday, Gov. Jerry Brown vetoed Assembly Bill 1229, a measure that would have authorized California cities and counties to establish inclusionary housing requirements as a condition of development, allowing them to force housing developers to set aside units for low-income residents. The Independent Institute, and especially its Senior Fellow Benjamin W. Powell, provided...
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All I Really Need to Know I Learned from Reading Higgs »

Further to Bob Higgs’s earlier post, Thinking Is Research, Too!, down in Texas, the Chairman of the Dallas Fed has the odd practice of looking beyond government stats and actually (gasp!) asking real people how they think the economy is going. From a profile of the President and CEO of the Dallas Fed, Richard...
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ObamaCare Ruling Just Killed Portable Health Insurance »

Although it is rarely discussed by the national health media, a quiet revolution in how health insurance is purchased has been underway for several years now. Specifically, employers have been using Health Reimbursement Arrangements (HRAs) to allow their employees to purchase individually owned health insurance. A number of states, including Colorado, have expressly passed...
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New Book Exposes the ‘Terrible 10′ Worst U.S. Economic Policy Mistakes »

Despite enjoying impressive economic growth over the past century, Americans have also been the victims of scores of stupid government mistakes that have made them poorer. For many the blunders led only to temporary setbacks, but for others the errors created life-altering disasters from which they never recovered. In the new book The Terrible...
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Government-Run Preschool Is a Dead End, Not a Lifeline »

Greater economic equality requires the “lifeline” of more government-funded preschool for disadvantaged children, says Nobel Prize–winning economist James Heckman in his New York Times editorial last week. High-quality education can certainly enhance a foundation of opportunity and prosperity. But the empirical record shows that government preschool is a dead end, not a lifeline. Conspicuously...
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Taxing Internet Sales »

A consortium of states has been working since 2000 to design an agreement to levy sales tax on purchasers of goods bought via the Internet. The Supreme Court declared that it was unconstitutional for states to require sellers not in their states to remit sales taxes on their sales. The Streamlined Sales Tax (SST)...
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