Tag Archives : capital gains tax
Grading Perry’s Flat Tax: Some Missing Homework, but a Solid B+
Governor Rick Perry of Texas has announced a plan, which he outlines in today’s Wall Street Journal, to replace the corrupt and inefficient internal revenue code with a flat tax. Let’s review his proposal, using the principles of good tax policy as a benchmark. 1. Does the plan have a low, flat rate to minimize […]
read more...Explaining the Perverse Impact of Double Taxation with a Chart
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 is saved and invested. Examples of this self-destructive practice include the death tax, the capital […]
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We Don’t Need an Investor-in-Chief
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 – other people’s money, of course – then there will be no innovation […]
read more...We Should Copy the Clever British Campaign against Higher Capital Gains Tax Rates
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 last one because of my interest in tax competition. […]
read more...Overhauling CBO and JCT Is a Real Test of GOP Resolve, not the “Pledge to America”
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. Jacob Sullum of Reason is similarly underwhelmed. He writes: In the “Pledge to […]
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Obama Wants a 23.9% Capital Gains Tax, but the Rate Actually Will Be Much Higher Because of Inflation
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 way. This sounds bad (and it is), but the news […]
read more...New CF&P “Economics 101″ Video Explains Why Capital Gains Should Be Indexed to Protect Taxpayers from Inflation
The capital gains tax is a perverse form of double taxation that should be abolished. This bad tax is especially damaging because families often are taxed on gains that are solely the result of inflation. This video explains how taxpayers could be protected by indexing the capital gains tax so the levy only applies to inflation-adjusted gains.
read more...Economics 101: Indexing the Capital Gains Tax to Protect Taxpayers from Inflation
The capital gains tax is a perverse form of double taxation that should be abolished. This bad tax is especially damaging because families often are taxed on gains that are solely the result of inflation. This video explains how taxpayers could be protected by indexing the capital gains tax so the levy only applies to inflation-adjusted gains.
read more...Senator DeMint Praised for Leading the Fight Against Higher Taxes on Dividends and Capital Gains
The Double Taxation Working Group unveiled today a letter sent to United States Senator Jim DeMint thanking him for his leadership in the battle to block higher tax rates on capital gains and dividends.
read more...DTWG Letter to Senator Jim DeMint
This Double Taxation Working Group letter sent to United States Senator Jim DeMint thanks him for his leadership in the battle to block higher tax rates on capital gains and dividends.
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