Tag: Taxation
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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Illinois Passes Its First, Country’s 18th, Tax-Credit Scholarship Program

This week the Illinois legislature passed legislation creating the country’s 18th tax-credit scholarship program, and the bill is on its way to Gov. Bruce Rauner, who’s said he’ll sign it. UPDATE: Gov. Rauner signed the bill (see here). Officially called the Invest in Kids Act, Illinois’ flagship tax-credit scholarship program was passed as part...
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The Double Tax on Saving

In an earlier post I argued for expanding tax-deferred retirement accounts because they eliminate the double tax on saving that exists under the current tax system. Here is the basic idea. People earn income and pay income tax on that income. If they save it and then earn interest (or dividends, or capital gains,...
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Tax Reform V: Eliminate the Estate Tax

The estate tax amounts to a penalty on the heirs of those who have accumulated wealth over their lifetimes. It raises less than 1% of federal revenues, so it provides almost no benefit to anybody, but imposes a big cost on a few. There are many ways for the wealthy to avoid the estate...
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