by Dan Mitchell | Jan 11, 2013 | Blogs, Economics, Taxation
Because of Obama’s class-warfare tax hike and additional tax increases by kleptocrats at the state level, many successful taxpayers will now lose more than 50 percent of any additional income they generate for the American economy. I discuss the implications of this...
by Dan Mitchell | Jan 1, 2013 | Blogs, Economics, Europe, Taxation
Back in mid-2010, I wrote that Portugal was going to exacerbate its fiscal problems by raising taxes. Needless to say, I was right. Not that this required any special insight. After all, no nation has ever taxed its way to prosperity. We’re now at the end of 2012 and...
by Dan Mitchell | Dec 31, 2012 | Blogs, Economics, Laffer Curve, Taxation
Back in September, I shared a very good primer on the capital gains tax from the folks at the Wall Street Journal, which explained why this form of double taxation is so destructive. I also posted some very good analysis from John Goodman about the issue....
by Dan Mitchell | Dec 4, 2012 | Blogs, Economics, Europe, Laffer Curve, Taxation
Obama’s main goal in the fiscal cliff negotiations is to impose a class-warfare tax hike. He presumably thinks this will give the government more money to spend, but recent evidence from the United Kingdom suggests that he won’t get nearly as much money as he thinks....
by Dan Mitchell | Nov 28, 2012 | Blogs, Economics, Laffer Curve, Taxation
Being a thoughtful and kind person, I offered some advice last year to Barack Obama. I cited some powerful IRS data from the 1980s to demonstrate that there is not a simplistic linear relationship between tax rates and tax revenue. In other words, just as a restaurant...
