In today’s political climate of big government, big spending and big taxes, it’s important to recognize when someone in Congress stands up and gets it right. Senator Jim DeMint did just that recently when he proposed an amendment, to the current tax…
Daily Analysis
A Totalitarian Future for Europe?
I don’t often agree with the statist president of the European Commission, but Mr. Barroso may be right when he warns that some nations are at risk of descending back into dictatorship. But while he may be correct in his diagnosis, his proposed solution is more…
British Prepare for Impending Capital Gains Increase
UK Chancellor George Osborne is expected to include a sharp increase in Britain’s capital gains tax when he unveils the emergency budget on Tuesday. Preparing for this, British citizens are acting to take advantage of the lower rates while they still can: A…
Russia Getting Rid of Capital Gains Tax
The former communists running Russia apparently understand tax policy better than the buffoons in charge of U.S. tax policy. Not only does Russia have a 13 percent flat tax, but the government has just announced it will eliminate the capital gains tax (which…
Taxpayers vs. Bureaucrats, Part XXXI
The competition to be the Greece of America has a lot of contestants. California and Illinois certainly are strong candidates. New Jersey was an early favorite, though Gov. Christie is actually doing some good things and pulling the state back from the precipice. But…
Anti-Tax Competition Schemes by High-Tax Nations Will Expand the Underground Economy
Regular readers know that I am a big supporter of international tax competition as a mechanism to limit the greed of the political elite. Unfortunately, the statists are having some success in their efforts to undermine the fiscal sovereignty of low-tax jurisdictions….
New Tax on Millionaires Won't Fix New Jersey's Budget
New Jersey’s $10.7 billion budget deficit is the second highest among all U.S. states. With New Jersey already facing one of the worst economic outlooks in the country according to ALEC’s “Rich States, Poor States,” newly elected Governor…
Primer Makes the Case for Tax Competition to Restrain Government Oppression
The Freeman has an article by an expert from Bermuda about the importance of giving taxpayers an escape option to curtail the greed of the political elite: The Declaration of Independence had it exactly right: “He [King George III] has erected a multitude of New…
Guilt-Ridden German Millionaires Endorse More Class-Warfare Taxation
CNBC is reporting that 51 German millionaires and billionaires have endorsed the idea of that rich people should have to give an extra 10 percent of their income to the government. I’m tempted to dismiss this story since (according to my rudimentary math skills)…
America Will Now Be the Unquestioned World Leader…But in the Wrong Way.
The United States has a very anti-competitive corporate tax regime. The federal tax rates is 35 percent and the average of state corporate tax systems brings the rate to nearly 40 percent. In Europe, by contrast, the average corporate tax rate is about 25 percent….