by Dan Mitchell | Feb 28, 2023 | Blogs, Taxation
Marginal tax rates (how much you are taxed for earning additional money) have a big impact on incentives to engage in productive activity such as work, saving, investment, and entrepreneurship. This is why governments should keep tax rates at modest levels. But as you...
by Dan Mitchell | Feb 21, 2023 | Blogs, States, Tax Competition, Taxation
It usually is not fun writing about public policy, given my libertarian sentiments. After all, politicians have a natural tendency to expand their powers and diminish our liberties. So where there is occasional good news, I like to relish the...
by Dan Mitchell | Feb 14, 2023 | Blogs
The economics of tax policy is largely the economics of incentives. When governments impose high tax rates on something, you get less of that thing. My left-leaning friends acknowledge this is true, but only selectively. They openly agitate for higher...
by Dan Mitchell | Feb 2, 2023 | Blogs, States, Tax Competition
I wrote in both 2021 and 2022 about states enacting lower tax rates. And that includes several states (Iowa, Idaho, Arizona) adopting flat taxes. Today, let’s quantify these developments. Our friends at the Tax Foundation...
by Dan Mitchell | Aug 5, 2022 | Blogs, Economics, Taxation
Back in 2009, I narrated a video about the downsides of class-warfare tax policy. But if you don’t want to spend eight minutes watching the video (or 14 minutes watching this video), here’s a visual that summarizes why high tax rates discourage...
