by Dan Mitchell | Jan 30, 2020 | Blogs, States, Taxation
I’ve written dozens of columns explaining why it would be a terrible idea for the United States to enact a value-added tax. But that’s not because I think consumption taxes are worse than income taxes. Indeed, sales taxes and VATs are less destructive because tax...
by Dan Mitchell | Jan 14, 2020 | Blogs, Economics, States, Tax Competition, Taxation
I wrote last week about the ongoing shift of successful people from high-tax states to low-tax states. And I’ve periodically confirmed this trend by doing comparisons of high-profile states, such as Texas vs. California and Florida vs. New York. Today, I’m going to...
by Dan Mitchell | Jan 11, 2020 | Blogs, States, Tax Competition, Taxation
I looked last year at how Florida was out-competing New York in the battle to attract successful taxpayers, and then followed up with another column analyzing how the Sunshine State’s low-tax policies are attracting jobs, investment, and people from the Empire State....
by Dan Mitchell | Jan 9, 2020 | Blogs, States, Tax Competition, Taxation
People underestimate the importance of modest long-run trends. A small boost in economic growth, if sustained, can have a major effect on long-run living standards. A small shift in the growth of government spending, over time, can determine a nation’s fiscal...
by Dan Mitchell | Dec 18, 2019 | Blogs, States
Based on rhetoric, the Democratic Party is committed to a class-warfare agenda. They want higher income tax rates, higher capital gains taxes, higher Social Security taxes, higher death taxes, a new wealth tax, and many other tax hikes that target upper-income...
