by Dan Mitchell | Mar 24, 2015 | Big Government, Blogs, Economics, Taxation
With tax day fast approaching, it’s time to write about our good friends at the Internal Revenue Service. One of the new traditions at the IRS is an annual release of tax scams. It’s know as the “dirty dozen” list, and while it may exist mostly as a publicity stunt,...
by Dan Mitchell | Mar 4, 2015 | Blogs, Economics, Taxation
In my 2012 primer on fundamental tax reform, I explained that the three biggest warts in the current system. High tax rates that penalize productive behavior. Pervasive double taxation that discourages saving and investment. Corrupt loopholes and cronyism that bribe...
by Dan Mitchell | Feb 27, 2015 | Blogs, Economics, Taxation
On the issue of so-called progressive taxation, our left-wing friends have conflicting goals. Some of them want to maximize tax revenue in order to finance ever-bigger government. But others are much more motivated by a desire to punish success. They want high tax...
by Dan Mitchell | Dec 17, 2014 | Blogs, Economics, Taxation
Genuine tax reform would be the second-best fiscal policy reform to boost economic growth.* With a simple and fair tax system, we could get rid of high tax rates that penalize productive behavior. We could eliminate the double taxation that discourages saving and...
by Dan Mitchell | Aug 8, 2014 | Blogs, Economics, Taxation
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...
