Low rates are great, but it’s equally important to have a system that taxes economic activity only one time.
read more...How does their plan stack up against these criteria for good tax reform?
read more...Politicians and their allies are making life harder for workers.
read more...The President’s desired taxes on capital will hit more than just the rich, and might even lose revenue.
read more...There are many different tax reform proposals that exhibit the principles of a good tax system.
read more...The United States has one of the highest capital gains tax rates in the world. The ideal rate is zero.
read more...What we can learned from our northern neighbors.
read more...I’ve already shared a bunch of data and evidence on the importance of low tax rates. A review of the academic evidence by the Tax Foundation found overwhelming support for the notion that lower tax rates are good for growth. An economist from Cornell found lower tax rates boost GDP. Other economists found lower tax rates boost job creation, savings, […]
read more...I’m a long-time proponent of the flat tax for three simple reasons. 1. It replaces the discriminatory “progressive” tax with a single tax rate at the lowest possible level, thus reducing the tax penalty on productive behavior. 2. It gets rid of all forms of double taxation, such as the death tax and capital gains tax, meaning economic activity is never taxed more […]
read more...Allister Heath, the superb economic writer from London, recently warned that governments are undermining incentives to save. And not just because of high tax rates and double taxation of savings. Allister says people are worried about outright confiscation resulting from possible wealth taxation. It is clear that individuals, when at all possible, need to accumulate more financial assets. …Tragically, it won’t […]
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