by Dan Mitchell | Jul 21, 2024 | Blogs, Taxation
Some folks on the left have a deep-seated resentment of successful investors, entrepreneurs, business owners, and other high-income people. They want to hit them with confiscatory tax rates, even if the tax is so punitive that the government doesn’t...
by Dan Mitchell | Jul 11, 2024 | Blogs, Tax Competition, Taxation
The fundamental insight of supply-side economics is that people respond to incentives. So if the government imposes a high tax rate on income, people will try to avoid or evade the money grab. Especially if they have any ability to control the...
by Dan Mitchell | Jul 6, 2024 | Blogs, States, Taxation
Most people don’t appreciate the importance of trend lines in public policy. A country with just a little bit more growth each year will become significantly richer in the long run. A modest change in annual spending growth can make a big difference in long-run fiscal...
by Dan Mitchell | Jul 2, 2024 | Blogs, Taxation
I wrote yesterday about a strange quirk in the Dutch tax system. That country (which is quite sensible on issues such as personal retirement accounts and school choice) has a very odd way of double taxing income that is saved and invested. Today, we’re...
by Dan Mitchell | Jul 1, 2024 | Blogs, Taxation
When I write about how we can learn by examining tax policy in other nations, it’s normally because there’s an important policy lesson. It’s unfortunate to have an income tax. Adopting a VAT leads to bigger government. Wealth taxes are extraordinarily...
