by Dan Mitchell | Apr 27, 2024 | Blogs, Capital Gains, Tax Competition, Taxation
Class-warfare tax policy is bad news. Last year, I warned that, “rich people are not sheep, patiently waiting to be sheared. If their fiscal torture is too extreme, they will leave.” Norway is a powerful example. Here’s a chart showing the rate at which...
by Dan Mitchell | Apr 26, 2024 | Big Government, Blogs, Government Spending
The most important election of 2023 took place in Argentina, where that nation’s voters elected the libertarian candidate, Javier Milei, as their new president. I discussed the outlook for Milei’s agenda on a recent appearance of the Schilling Show....
by Dan Mitchell | Apr 24, 2024 | Blogs, Tax Harmonization, Taxation
When Joe Biden began his push for a global corporate tax cartel back in 2021, I explained why the idea was very bad news for the world’s workers, consumers, and shareholders. And I pointed out it was specifically bad news for...
by Dan Mitchell | Apr 23, 2024 | Big Government, Blogs, Government Spending, Taxation
There’s going to be a big tax fight in Washington next year, regardless of who wins the House, the Senate, and/or the presidency. That’s because major portions of Trump’s 2017 Tax Cuts and Jobs Act will expire on December 31, 2025. Will those tax cuts be...
by Dan Mitchell | Apr 22, 2024 | Blogs, Taxation
When asked about tax loopholes, my first reaction is to determine whether something is an actual tax preference or merely a mitigation of a tax penalty. And that means understanding the “tax base.” For instance, IRAs and 401(k)s are not loopholes. They are a way...
