by Dan Mitchell | May 25, 2024 | Blogs, Taxation
Guided by the principles of good tax policy, I have mostly focused on two important provisions when writing about Trump’s 2017 Tax Cut and Jobs Act (TCJA). Reducing the federal corporate tax rate from 35 percent to 21 percent, thus improving incentives...
by Dan Mitchell | May 18, 2024 | Blogs, Taxation
Like Thomas Piketty, Gabriel Zucman is a French economist who promotes economically destructive class-warfare tax policy. He’s also infamous for dodgy data manipulation, as Phil Magness explains in this Reason discussion. The interview lasts for 64...
by Dan Mitchell | May 8, 2024 | Blogs, Taxation
Like other international bureaucracies (most notably the IMF and OECD), the United Nations routinely advocates for higher taxes. According to the bureaucrats, we are supposed to believe that higher taxes are necessary because a bigger...
by Dan Mitchell | May 6, 2024 | Blogs, Taxation
Everything you need to know about wealth taxation can be summarized in two sentences. The biggest problem with most tax systems is the pervasive tax bias against income that is saved and invested, which discourages the accumulation of capital that helps...
by Dan Mitchell | Apr 28, 2024 | Big Government, Blogs, Taxation, Welfare and Entitlements
I already shared my thoughts about the value-added tax when discussing fiscal policy with an economist at the Confederation of Swedish Enterprise. Here’s some of what I said about tax progressivity and the welfare state. The bottom line is that the American tax...
