by CF&P | Sep 21, 2010 | Big Government, Blogs, Taxation
Our tax system in America is an absurd nightmare, but at least we have some ability to monitor what is happening. We can’t get too aggressive (nobody wants the ogres at the IRS breathing down their necks), but at least we can adjust our withholding levels and control...
by Dan Mitchell | Sep 9, 2010 | Big Government, Blogs, Taxation
I sympathize with almost all taxpayers, but it’s difficult to feel sorry for government workers who get in trouble with the IRS. Compensation packages for federal bureaucrats are twice as lucrative as those for workers in the productive sector of the economy and their...
by Dan Mitchell | Sep 8, 2010 | Big Government, Blogs, Regulations, States, Taxation
When all you have is a hammer, everything begins to look like a nail. That old saying makes a lot of sense. As a tax economist, I’m sometimes guilty of looking at all sorts of issues based on their relationship with the tax code. In my defense, however, the tentacles...
by Dan Mitchell | Aug 29, 2010 | Blogs, Taxation
In the private sector, no business owner would be dumb enough to assume that higher prices automatically translate into proportionately higher revenues. If McDonald’s boosted hamburger prices by 30 percent, for instance, the experts at the company would fully expect...
by Dan Mitchell | Aug 29, 2010 | Blogs, Economics, Taxation
I know I’ve beaten this drum several times before, but the Wall Street Journal today has a very good explanation of why class-warfare tax policy will backfire. The Journal’s editorial focuses on what happened after the 2003 tax rate reductions. And below the excerpt,...
