Tag Archives : Marginal Tax Rate
The Perverse Economics of Obamacare: Earn Less, Get More
Obamacare was put together by people who don’t understand economics. This is probably the understatement of the year since I could be referring to many features of the bad law. The higher tax burden on saving and investment, making an anti-growth tax system even worse. The exacerbation of the third-party payer problem, which is the […]
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New Academic Research Confirms the “High Price” of High Tax Rates
I periodically cite new academic research about tax policy and economic activity. I sometimes even publicize research from international bureaucracies showing the link between taxes and growth. I’m not naive enough to think that any particular study will change minds, but when the bulk of the research unambiguously tells us that lower tax rates are […]
read more...New European Data: When Tax Competition Is Weakened, Politicians Respond by Increasing Tax Rates
I often argue that we need to preserve tax competition and tax havens in order to limit the greed of the political class. Without some sort of external constraint, they will over-tax and over-spend, creating the kind of downward economic spiral already happening in some European nations. Speaking of which, new evidence from Europe bolsters […]
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Based on a Review of Studies Looking at the Impact of Taxes on Growth, Academic Research Gives Obama a Record of 0-23-3
How do you define a terrible team? No, this isn’t going to be a joke about Notre Dame foolishly thinking it could match up against a team from the Southeastern Conference in college football’s national title game (though the Irish win the contest for prettiest make-believe girlfriends). I’m asking the question because a winless record […]
read more...How the Welfare State Traps the Poor in Dependency, the British Version
Back in 2011, I linked to a simple chart that illustrated how handouts and subsidies create very high implicit marginal tax rates for low-income people and explained how “generosity” from the government leads to a tar-paper effect that limits upward mobility. Earlier this year, I shared an amazing chart that specifically measured how the welfare […]
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