by Dan Mitchell | Mar 20, 2014 | Blogs, Economics, Flat Tax, Taxation
I generally get very suspicious when rich people start pontificating on tax policy. People like Warren Buffett, for instance, sometimes advocate higher taxes because they’re trying to curry favor with the political elite. Or maybe they feel compelled to say silly...
by Dan Mitchell | Feb 27, 2014 | Blogs, Economics, Taxation
To make fun of big efforts that produce small results, the famous Roman poet, Horace, wrote “The mountains will be in labor, and a ridiculous mouse will be brought forth.” That line sums up my view of the new tax reform plan introduced by Congressman Dave Camp,...
by Dan Mitchell | Feb 18, 2014 | Blogs, Economics, Taxation
The tax code is a complicated nightmare, particularly for businesses. Some people may think this is because of multiple tax rates, which definitely is an issue for all the non-corporate businesses that file “Schedule C” forms using the personal income tax. A...
by Dan Mitchell | Feb 16, 2014 | Blogs, Taxation
I’ll be first in line if there’s a contest over who thinks most strongly thatpoliticians are corrupt, or whether they can waste money in creative ways. But if somebody asserts that politicians are stupid, I’m going to argue on the other side. This isn’t because I’m a...
by Dan Mitchell | Feb 14, 2014 | Blogs, Tax Competition, Taxation
What’s the defining characteristic of our political masters? Going all the way back to when they ran for student council in 6th grade, is it a craven desire to say or do anything to get elected? Is it the corrupt compulsion to trade earmarks, loopholes, and favors in...
