Tag Archives: taxes

Taxing Email is Useless

Derek Thompson at the Atlantic blog writes about a NY Times piece on taxing email. He’s not advocating it, or arguing against it but looking at the supposed benefits and negatives, and how it would likely increase instant messaging. What … Continue reading

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Happy Tax Freedom Day

Today is the day that we have earned enough to pay its tax burden for the year. This year’s day comes earlier than last year, though this is due to recent stimulus effects. Before you start to celebrate though, Doug … Continue reading

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Blaming Obama for the Market

Ben Armbruster at ThinkProgress is upset Fred Barnes and Dick Morris are blaming Obama for the post-election declines in the stock market. Armbruster’s case is a little defensive and misjudged (he cites the New York Times’ opinion, as if that … Continue reading

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Tax Policy in the Obama Administration

For a technical look at what’s ahead, fifteen tax profs offer their thoughts on tax policy in the new Obama Administration.

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Pay No Attention to the Man Behind the Curtains

Alan Reynolds at Cato asks “How’s Obama Going to Raise $4.3 Trillion?” Altogether, Mr. Obama is promising at least $4.3 trillion of increased spending and reduced tax revenue from 2009 to 2018 — roughly an extra $430 billion a year … Continue reading

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Is Income Tax Becoming Too Progressive?

Fewer and fewer people are paying income tax and even less will be with either candidates tax plan. I don’t think this would be such a problem if we didn’t have such high spending, growing entitlements, and if so many … Continue reading

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Hooray for Mental Health!

If you support the Paulson bailout plan that is. The New York Times has coverage. The Senate proposal would cost more than $100 billion and extend and expand many individual and business tax breaks, including tax credits for the production … Continue reading

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Obama’s Plan: Does This Work?

According to the Associated Press, a sequence of interviews with Democratic leaders has revealed this to be the political plan being recommended to the Obama campaign: 1. Tie the Republican to an unpopular President Bush. 2. Let no charge go … Continue reading

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George Reisman vs. Barack Obama

George Reisman’s Blog“The loot?and?plunder theory is the theory of Obama, of the Democratic Party, and of much of the Republican Party. It is time to supplant it with the sound economic theory developed by generations of intellectual giants ranging from … Continue reading

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Lone accountant takes on IRS and wins

And millions of us may benefit. The dispute arose when more than 30 mutual life insurance companies became publicly traded corporations in the late 1990s and earlier this decade, in a process known as “demutualization.” Mutual companies are owned by … Continue reading

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Taxed to Death?

Maybe.  Professor Mankiw has the gory details.

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Sheesh!

I would call this ignorance, but it is worse than that. The Times reporters just believe corporations are such a honey pot they didn’t even stop to think. They just wrote.

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Bernanke has a solution

FROM: Dr Ben Bernanke Central Bank of United States of America 01-658-555-1234 TO: CEO Lagos, Nigeria Dear Friend: I have been requested by the regional members Federal Reserve of the USA to contact you for assistance in resolving a matter. … Continue reading

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A Conservative Blueprint for Health Care?

Ryan Ellis, the Tax Policy Director at Americans for Tax Reform, presents 3 principles of conservative health care. Principle 1: Conservative health care reform should neither raise taxes nor increase the size of government. You’d think this would be a … Continue reading

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Tropical Tax Paradises

No sales tax, no income tax, no capital gains tax, no inheritance tax….If I could only figure out a way to have income in Grand Cayman, I’d move without a minute’s notice. As it stands, it’s easy to avoid taxes … Continue reading

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Middle Class Burdens

Thanks to Don Boudreaux, I found this “Inconvenient Truth” about the struggles of the middle class. As readers here know, I have long been a bear on housing, but as always those who want their hands on our wallet can … Continue reading

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I’m with Senator Obama

At least on this topic. Economists in general oppose a tax holiday because it would encourage consumption of gasoline at a time of soaring demand. Billionaire oilman T. Boone Pickens, a longtime Republican donor, criticized Sen. McCain’s policy in an … Continue reading

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Tragic News for Leftists

Due to free markets, capitalism and freedom in general, the world is getting wealthier. The last quarter century has witnessed remarkable progress of mankind. The world’s per capita inflation-adjusted income rose from $5400 in 1980 to $8500 in 2005.Schooling and … Continue reading

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Wesley Snipes has put tax protesters in the cross hairs of the IRS

Actor Wesley Snipes was found not guilty of federal tax fraud and conspiracy charges earlier this month. Basically he blamed it on the tax advice he received. Whether one believes that he didn’t know that when one earns $38 million … Continue reading

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From the mouths of…Crotchety old socialists

  There is only one way to kill capitalism – by taxes, taxes, and more taxes. Karl Marx

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Voting With Your Feet

One of my liberal friends routinely rails at me for being such a selfish, uncaring conservative. When I remind him, though, that he is the one who moved from Minnesota to Florida because he “could not afford the taxes” in … Continue reading

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Big Oil, Big Taxation

photo: ccgd Mick at Uncorrelated picks up a Mark J. Perry story noting that ExxonMobil‘s annual average tax bill, nearly equals total taxes paid by the bottom 50% of individual taxpayers in 2004. In the leftist mind this is perhaps … Continue reading

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Kyl & McCain

Arnold has to govern liberal California, Rudy had to govern liberal NYC and McCain…McCain is from Arizona. So what exactly is his excuse for his dramatic shift to the Left over time? Lest you think he has one, here’s a … Continue reading

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Indexing Capital Gains

Richard Rahn pushes for the indexing of capital gains due to inflation as part of the stimulus. Accounting for inflation in this way has the advantages of producing more short-term revenue to the Treasury as long-term gains are “unlocked.” Furthermore, … Continue reading

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Megan McCardle calls the Democrats bluff

I don’t want to hear any more about how the Democrats are the party of fiscal responsibility; none of them are planning to close the current deficit, much less deal with the now-seriously-it-really-is-looming entitlement problem. Their tax code changes will … Continue reading

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