The Wall Street Journal uses the clash between the Steelers and Packers as an opportunity to make a much-need point about taxes. Because of Pennsylvania’s flat tax, Ben Roethlisberger keeps a greater percentage of his salary than Aaron Rodgers, who gets raped by Wisconsin’s “progressive” tax system. Packers fans shouldn’t worry about this, though, since […]
read more...Ronald Reagan would have been 100 years old on February 6, so let’s celebrate his life by comparing the success of his pro-market policies with the failure of Barack Obama’s policies (which are basically a continuation of George W. Bush’s policies, so this is not a partisan jab). The Federal Reserve Bank of Minneapolis has […]
read more...In an interview with the Wall Street Journal, Clint Eastwood is asked about the new governor of California and uses the opportunity to advocate a simple and fair flat tax. “But I’ll tell you when I liked him—and I wasn’t a registered Democrat—but I liked him when he was running for president [in 1992] on […]
read more...There’s a supposed expose in the U.K.-based Daily Mail about how major British companies have subsidiaries in low-tax jurisdictions. It even includes this table with the ostensibly shocking numbers. This is quite akin to the propaganda issued by American statists. Here’s a table from a report issued by a left-wing group that calls itself “Business […]
read more...It may not be very nice to say “I told you so” when the warnings you issue become reality, but I’m not a nice person (at least when it comes to greedy politicians imposing stupid policy). So I’ll openly admit that I’m happy to read that entrepreneurs and job creators already are beginning to escape […]
read more...I’m not a big fan of the Internal Revenue Service, but I try not to demonize the bureaucrats because politicians actually deserve most of the blame for America’s complex, unfair, and corrupt tax system. The IRS generally is in the unenviable position of simply trying to enforce very bad laws. But sometimes the IRS runs […]
read more...You readers have been presented with a series of challenging quizzes on topics such as Sharia law, healthcare, incest, and vigilante justice. Let’s now shift to the world of taxation. We all know governments routinely make life hard for taxpayers. The IRS, for example, is a rather brutal bureaucracy, as explained in this video. But […]
read more...The Laffer Curve is one of my favorite issues (see here, here, here, here, here, etc). But it is a very frustrating topic. Half my time is spent trying to convince left-leaning people that the Laffer Curve exists. I use common-sense explanations. I cite historical examples. I even use information from left-of-center institutions in hopes […]
read more...There is a very bizarre race happening in Illinois. The Governor and the leaders of the State Senate and General Assembly are trying to figure out how to ram through a massive tax increase, but they’re trying to make it happen before new state lawmakers take office tomorrow. The Democrats will still control the state […]
read more...Grousing about the GOP’s timidity in the battle against big government will probably become an ongoing theme over the next few months, and let’s start with two items that don’t bode well for fiscal discipline. First, it appears that Republicans didn’t really mean it when they promised to cut $100 billion of so-called discretionary spending […]
read more...