The Death Tax and British Royalty

The Death Tax and British Royalty

Every American school kid presumably learns about the Boston Tea Party and other events that culminated with the United States gaining independence from from the rule of King George III. Think of it as America’s first tax revolt. But that’s not the...
Taxes, Incentives, Booze, and Liberty

Taxes, Incentives, Booze, and Liberty

I celebrate when my friends on the left stumble into economic insights. For instance, many of them sound like Milton Friedman when they pontificate in favor of higher tobacco taxes because they want people to smoke fewer cigarettes. As a libertarian, I...
America’s Onerous Tax Burden

America’s Onerous Tax Burden

This probably does not quite belong in my collection of “most depressing charts,” but it is definitely very bad news that taxes now impose a greater burden on the average American household than the combined cost of food, clothing, education, and health care. This is...
Great Moments in Foreign Taxation

Great Moments in Foreign Taxation

It is easy to criticize the many types of bad tax policy in the United States. High marginal tax ratesPervasive double taxationMind-boggling complexityGrotesque unfairnessThe Internal Revenue Service But let’s not forget other...