Tag: Income Tax

Tax Reform Is a Scam: Tell Us What We Really Pay! »

In another post, Randall Holcombe rightly notes the pressing need for tax reform. Holcombe argues that Trump’s proposed tax reform is “an improvement over the current system.” That may be true; time will tell. Yet, today my news feed reports nonchalantly that the Republican Congress passed a budget in excess of $4 trillion. That...
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Taxation and Wealth Redistribution as Lowbrow Morality »

Peter is a wealthy man and has $1,000 in his wallet. He plans to use it for a variety of things—some groceries, taking his wife out to dinner, and buying some new golf clubs he’s been admiring. Enter Paul. Paul thinks that Peter’s money could be put to better use, like helping low-income families...
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Did Lefty Need to Apologize for Tax Comments? »

Phil Mickelson is being targeted for his comments on California’s and the Feds’ tax hikes. The offending statements, as reported by the Chicago Tribune, are as follows: “Well, it’s been an interesting offseason, and I’m going to have to make some drastic changes,” Mickelson told reporters Sunday after tying for 37th place at 17 under...
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Willingness to Soak the Rich Depends Upon the Question »

Further to my post, “Two Wolves and a Sheep,” a new poll out yesterday from The Hill disputes other polls showing a majority favoring taxing the rich more. According to The Hill’s poll, when asked the specific percentage “the rich” should pay, most provide a number lower than the current tax rate on the...
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Two Wolves and a Sheep »

This front-page headline from Friday’s San Francisco Chronicle brings to mind the old adage about democracy being two wolves and a sheep voting on what to have for dinner: “Voters Willing to Tax Wealthy.” The article goes on to detail the not-surprising results of a poll in which voters were asked to choose between...
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Tax the Productive »

Hillary Clinton made the news a week or so ago by saying the rich don’t pay their fair share of taxes, echoing statements President Obama has made since his presidential campaign. But the remedy they recommend is to raise income tax rates on high-income earners. That’s not taxing the rich, it’s taxing the productive....
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Robert Higgs on War, Taxes and Economic Crises »

With Barack Obama’s delusional belief in massive expansions in government spending and power as a means to overcome the economic recession and create human welfare, Senior Fellow Robert Higgs‘s discussion on war, taxes and economic crises could not be more timely and instructive. Dr. Higgs is the author of the award-winning Institute book Depression,...
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