by Dan Mitchell | Nov 12, 2023 | Big Government, Blogs, Taxation, Welfare and Entitlements
In Part I of this series, we explained why marginal tax rates matter. In Part II, we emphasized that low marginal tax rates are important. Today, in Part III, let’s consider the role of payroll taxes, especially hidden payroll taxes. To be more specific, governments...
by Dan Mitchell | May 2, 2020 | Blogs, Taxation
What’s the most poorly governed city in the United States? San Francisco, where there are “poop patrols“? Chicago, which is spending itself into oblivion? New York City, home of America’s worst mayor? Those are all good options, but Seattle may deserve this award....
by Dan Mitchell | Jan 17, 2016 | Big Government, Blogs, Taxation, VAT, Welfare and Entitlements
My views on the value-added tax are very simple and straightforward. If we completely eliminated all income-based taxes, I would be willing to accept a VAT (or even a national sales tax) as a revenue source for government. But unless that happens, I’m unalterably...
by Dan Mitchell | Oct 25, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation
It’s time for a lesson in tax economics. Though hopefully today’s topic won’t be as dry and boring as my missives on more technical issues like depreciation and worldwide taxation. That’s because we’re going to talk about the taxation of workers, which is something...
by Dan Mitchell | Jan 4, 2013 | Blogs, Economics, Taxation
Washington is filled with debate and discussion about the economic burden of the federal income tax, which collected $1.13 trillion in FY2012 ($1.37 trillion if you include the corporate income tax). Yet politicians rarely consider the economic impact of payroll...
