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Explaining the Perverse Impact of Double Taxation with a Chart

by Dan Mitchell | Sep 26, 2011 | Blogs, Capital Gains, Economics, Taxation

Whether I’m criticizing Warren Buffett’s innumeracy or explaining how to identify illegitimate loopholes, I frequently write about the perverse impact of double taxation. By this, I mean the tendency of politicians to impose multiple layers of taxation on income that...

We Don’t Need an Investor-in-Chief

by Brian Garst | Jun 26, 2011 | Blogs, Capital Gains, Economics, Keynesian, Taxation

How was anything ever invented before government started “investing” in new technologies? One wonders these things, given the seriousness with which Keynesians seem to believe that if they don’t choose the economic winners and then throw large sums of money at them –...

We Should Copy the Clever British Campaign against Higher Capital Gains Tax Rates

by Dan Mitchell | Oct 17, 2010 | Blogs, Capital Gains, Tax Competition, Taxation

Here are a handful of the posters being used in the United Kingdom to fight the perversely-destructive proposal to increase tax rates on capital gains. (for an explanation of why the tax should be abolished, see here) Which one is your favorite? I’m partial to the...

Overhauling CBO and JCT Is a Real Test of GOP Resolve, not the “Pledge to America”

by Dan Mitchell | Sep 30, 2010 | Big Government, Blogs, Government Spending, Taxation

While I’m glad Republicans are finally talking about smaller government, I’ve expressed some disappointment with the GOP Pledge to America. Why “reform” Fannie and Freddie, I asked, when the right approach is to get the government completely out of the housing sector....

Obama Wants a 23.9% Capital Gains Tax, but the Rate Actually Will Be Much Higher Because of Inflation

by Dan Mitchell | Sep 20, 2010 | Blogs

Thanks to the Obamacare legislation, we already know there will be a new 3.9 percent payroll tax on all investment income earned by so-called rich taxpayers beginning in 2013. And the capital gains tax rate will jump to 20 percent next year if the President gets his...
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