by Dan Mitchell | Jun 23, 2022 | Big Government, Blogs, Taxation
I wrote a couple of days ago about California’s grim future. But now I’ll share some good news. No matter how bad California gets, the Golden State probably won’t have to worry about people and businesses fleeing to Illinois. That’s because the Prairie...
by Dan Mitchell | Jun 9, 2022 | Big Government, Blogs, Taxation
Based on research from the Congressional Budget Office, I’ve shared estimates of the potential economic damage from the fiscal plan Joe Biden unveiled last year. But now he has a new budget. So what if we simply focus on the tax portion of...
by Dan Mitchell | Jun 4, 2022 | Blogs, States, Tax Competition, Taxation
I’ve already shared the “feel-good story” for 2022, so today I’m going to share this year’s feel-good map. Courtesy of the Tax Foundation, here are the states that have lowered personal income tax rates and/or corporate income tax rates in 2021 and 2022....
by Dan Mitchell | Jun 2, 2022 | Blogs, Economics, Taxation
Good tax policy should strive to solve the three major problems that plague today’s income tax. Punitive tax rates on productive behavior.Double taxation of saving and investmentCorrupt, complex, and inefficient loopholes. Today, let’s focus on the...
by Dan Mitchell | May 28, 2022 | Blogs, Economics, Taxation, Uncategorized
Back in 2018, I shared some academic research on the relationship between state tax rates and the performance of professional football teams. The main takeaway is that teams based in high-tax states did not win as many games, on average, as teams based in...
