by Dan Mitchell | Jun 19, 2010 | Big Government, Blogs, Europe, Taxation
CNBC is reporting that 51 German millionaires and billionaires have endorsed the idea of that rich people should have to give an extra 10 percent of their income to the government. I’m tempted to dismiss this story since (according to my rudimentary math skills)...
by Dan Mitchell | Jun 19, 2010 | Blogs, Competition, Economic Growth, Tax Competition, Tax Harmonization, Taxation
The United States has a very anti-competitive corporate tax regime. The federal tax rates is 35 percent and the average of state corporate tax systems brings the rate to nearly 40 percent. In Europe, by contrast, the average corporate tax rate is about 25 percent....
by Dan Mitchell | Jun 12, 2010 | Blogs, Health Care, Taxation
In the real world, government policies that raise the cost of doing business often lead to crippling – and sometimes even fatal – results. Here’s a story, which I saw via Instapundit and Megan McArdle, about an insurance company that is closing its...
by Dan Mitchell | Jun 11, 2010 | Big Government, Blogs, Economic Growth, Taxation
Art Laffer has a compelling column in the Wall Street Journal, where he makes the case that future tax rate increases will cause considerable economic damage because people have an incentive to maximize income this year to take advantage of current tax rates –...
by Dan Mitchell | Jun 11, 2010 | Big Government, Blogs, Taxation
This story from Philadelphia, which I saw on Reason’s Hit and Run blog, is one of the worst examples I’ve ever seen of government bureaucrats bilking taxpayers. The City Manager, who already receives an absurdly extravagent salary and hasn’t even...
