Tag: Taxation
Is Elizabeth Warren’s Proposed Wealth Tax Constitutional?

When President Grover Cleveland tried to implement an income tax in 1894, the Supreme Court declared it to be unconstitutional because it violated Article 1, Section 2 of the Constitution, which says taxes must be levied in proportion to a state’s population. In response, the supporters of income taxation passed the Sixteenth Amendment, ratified...
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Elizabeth Warren’s Proposed Wealth Tax

People tend to view taxes in one of two ways. One view is that taxes are the price people pay for government goods and services. The other is that taxes are a penalty levied on people who earn income or have wealth. Elizabeth Warren’s proposed wealth tax takes the second view.

Three Assumptions the Left Makes About Economic Inequality

Are policies to reduce inequality beneficial to those who are least fortunate? Sometimes they are; sometimes they are not.

Trump’s Tax Returns

Do we want Congress to have the power to demand the tax returns of anyone who criticizes those in Congress? That is the power they claim to have now.

Cigarette and Soda Taxes Don’t Save Many Lives

Selective excise taxes may raise revenue for the public sector by targeting the consumption of things that elites disdain, but they do not save millions of lives.

California Parents Need Educational Choices, Not Court Battles

Expanding education options through education savings accounts would help students and taxpayers alike.

SCOTUS Ruling on Sales Tax a Gift for In-State Retailers

Special interest politics is behind the Supreme Court’s decision.

Seattle Strives to Be More Like Detroit

The city of Seattle attempts to grapple with the crisis of economic prosperity.

Partisan Politics Disenfranchises the Minority Party

The House and Senate have each passed their versions of a tax reform bill. Those bills now go to a conference committee consisting of members of the House and Senate to reconcile their (minor) differences so that both houses can vote on and pass the same bill. The conference committee is just a formality....
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Tax Tinkering

It appears the Congress is getting closer to passing a tax reform bill. While there are differences between the current House and Senate versions, they are close enough that it is easy to see that they can be reconciled and tax reform legislation can be passed this year. Reform on the individual income tax...
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