by Dan Mitchell | Nov 22, 2021 | Blogs, States, Tax Competition, Taxation
Motivated in part by an excellent graphic that I shared in 2016, I put together a five-column ranking of state personal income tax systems in 2018. Given some changes that have since occurred, it’s time for a new version. The first two columns are self...
by Dan Mitchell | Nov 18, 2021 | Blogs, Taxation
Immediately after election day in early November, I applauded voters in the (very blue) state of Washington. They wisely expressed their opposition to a plan by state politicians to impose a capital gains tax. And it wasn’t even close. Voters said...
by Dan Mitchell | Oct 29, 2021 | Blogs, Taxation
The good news is that President Biden wants the United States to be at the top. The bad news is that he wants America to be at the top in bad ways. The highest corporate income tax rate.The highest capital gains tax...
by Dan Mitchell | Sep 14, 2021 | Blogs, Taxation
When I discuss class-warfare tax policy, I want people to understand deadweight loss, which is the term for the economic output that is lost when high tax rates discourage work, saving, investment, and entrepreneurship. And I especially want them to understand...
by Dan Mitchell | Sep 10, 2021 | Big Government, Blogs, Economics, Welfare and Entitlements
The welfare state and the so-called war on poverty has been very bad news for taxpayers. But it’s also very bad news for poor people, in part because various redistribution programs can lure them out of the productive economy and...
