by Dan Mitchell | Oct 1, 2014 | Big Government, Blogs, Economics, Government Spending, Laffer Curve
What’s the relationship between the Rahn Curve and the Laffer Curve? For the uninitiated, the Rahn Curve is the common-sense notion that some government is helpful for prosperous markets but too much government is harmful to economic performance. Even libertarians,...
by Dan Mitchell | Sep 28, 2014 | Blogs, Tax Competition, Taxation
Most of us will never be directly impacted by the international provisions of the internal revenue code. That’s bad news because it presumably means we don’t have a lot of money, but it’s good news because IRS policies regarding “foreign-source income” are a poisonous...
by Dan Mitchell | Sep 25, 2014 | Blogs, Economics, Taxation
I’ve shared some interested rankings on tax policy, including a map from the Tax Foundation showing which states have the earliest and latest Tax Freedom Days. There’s also a depressing table showing that the United States “earns” a lowly 94th place in a ranking of...
by Dan Mitchell | Sep 23, 2014 | Blogs, Tax Competition, Tax Harmonization, Tax Havens, Taxation
People pay every single penny of tax that politicians impose on corporations. The investors that own companies obviously pay (more than one time!) when governments tax profits. The workers employed by companies obviously pay, both directly and indirectly, because of...
by Dan Mitchell | Sep 21, 2014 | Blogs, Economics, Laffer Curve, Taxation
I’m a big advocate of the Laffer Curve. Simply stated, it’s absurdly inaccurate to think that taxpayers and the economy are insensitive to changes in tax policy. Yet bureaucracies such as the Joint Committee on Taxation basically assume that the economy will be...
