The Pope vs. the IRS

The Pope vs. the IRS

When I write about America’s awful tax code, I generally focus on anti-growth policies such as high tax rates, the bias against saving and investment, and nightmarish and costly complexity. But there’s actually a fourth problem of “worldwide taxation”...
The 2024 Tax Hell Index

The 2024 Tax Hell Index

The 1841 Foundation has released a new version of the Tax Hell Index. And just like last year and in 2022, let’s see what nations qualified because of the combination of bad fiscal policy and low-quality governance. There is a tie for the...
Taxes and Incentives: The Italian Version

Taxes and Incentives: The Italian Version

Basic economy theory, depicted by supply-and-demand curves, tells us that taxes will cause “deadweight loss.” This is the economic activity that no longer occurs because taxes creates a wedge between buyers and sellers. And this analysis applies whether...