by Dan Mitchell | Jul 26, 2010 | Blogs, Taxation
The 2001 and 2003 tax cuts are scheduled to expire at the end of this year, which means a big tax increase in 2011. Tax rates for all brackets will increase, the double tax on dividends will skyrocket from 15 percent to 39.6 percent, the child credit will shrink, the...
by Dan Mitchell | Jul 24, 2010 | Blogs, Government Spending
The Washington Examiner explains that America’s Founders would be aghast to see how modern politicians have accumulated $trillions of debt. That may be true, but the editorial is nonetheless unsatisfactory because it’s quite likely that the founders would be even more...
by Dan Mitchell | Jul 23, 2010 | Big Government, Blogs, Taxation
The Wall Street Journal ponders the mini-tax revolt among some Democrats, ranging from Kent Conrad in the Senate to Jerrold Nadler in the House, who are suddenly making arguments that it would be a bad idea to allow higher tax rates in 2011 (because the 2001 and 2003...
by Dan Mitchell | Jul 20, 2010 | Blogs, Flat Tax, Tax Competition, Taxation
Redistributionists hate the flat tax, and this sentiment is widely shared by other statists. These proponents of big government want the tax system to to punish success and generate loot that can be used to buy votes (though they don’t seem to understand that if they...
by Dan Mitchell | Jul 17, 2010 | Blogs, Taxation
The Financial Times reports that the number of Americans giving up their citizenship to protect their families from America’s onerous worldwide tax system has jumped rapidly. Even relatively high-tax nations such as the United Kingdom are attractive compared to the...
