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Income Tax « Rogue Politics

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The Best and Worst News of 2016

There was some genuinely good news in 2016, which is more than I can say for 2015 (my “best” development for that year was some polling data, followed by some small-ball tinkering). Though the good news for 2016 was mostly overseas. Here are the four things from around the world that made me happy this […]

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The hidden costs of our bloated tax code

Is there anybody in the real world who doesn’t know this? President-elect Donald Trump could save U.S. taxpayers and business billions of dollars in hidden compliance costs by simplifying the nation’s bloated and incomprehensible tax code. That’s according to information presented in a recent report from the Tax Revolution Institute. From the report: 74,608 pages, 2.4 […]

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Decision Time in the South Pacific: Income Tax or Mitchell’s Golden Rule?

Can you identify the nation with the world’s 7th-friendliest tax system according to the Index of Economic Freedom? Don’t know the answer? Well, here’s a hint. If you don’t count Middle Eastern nations that finance their governments with oil money, this is the nation that is in second place, behind only the Bahamas. Still don’t […]

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GOP winning special session fight?

When this year’s legislative session ended, the CW was that the DFL held the upper hand in the PR/campaign fight. Whether that was true or not at the time isn’t relevant anymore. What’s relevant is who’s fought the smartest fight to this point. This statement hammers home some important points. In total, it says “House […]

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Lessons from Monaco on the Benefits of Zero Income Tax

I wonder whether October 3, 1913, was the worst day in American history. That’s when one of America’s worst presidents signed into law the income tax. The top rate was only 7 percent when Woodrow Wilson approved the income tax, and the tax only applied to the very richest Americans. But as is so often […]

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Lessons from State Tax Policy: Kudos for Tennessee and Texas, Mockery for New York and California

Just like with nations, there are many factors that determine whether a state is hindering or enabling economic growth. But I’m very drawn to one variable, which is whether there’s a state income tax. If the answer is no, then it’s quite likely that it will enjoy better-than-average economic performance (and if a state makes […]

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Tax Day Is America’s Anti-Holiday and the Tax Code Is Anti-American

It’s that time of year. Those of us who wait until the last minute are rushing to get tax returns filed (or extensions submitted). So it’s also a good time to remind ourselves that there is a better way. Economists look at the tax system and focus on the warts that undermine growth. High marginal […]

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Ranking States for Income Taxes and Government Efficiency

There’s no agreement on the most important variable for state tax competitiveness. You could make a strong case that it is the overall share of income taken by politicians in the state. Or you could argue that the tax system for employers is the key metric. And the top tax rate obviously is an important […]

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Next Chamber transportation sellout

This article suggests that the Minnesota Chamber of Commerce is preparing to sell out the Republican Party on transportation … again. It’s telling that the reporter says that the “GOP’s traditional allies in the business community are joining DFLers in the push to include transit in a transportation funding package.” It’s as if the Chamber […]

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Learning from New Jersey’s Bad Tax Policy

Federalism is a great idea, and not just because America’s Founders wanted a small and limited central government. It’s also a good idea because states are laboratories that teach us about the benefits of good policy and the costs of bad policy. And when we specifically look at New Jersey, we can learn a lot […]

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Great News, the Income Tax Is Being Abolished! (but Read the Fine Print)

There is some very good news to share. The income tax will disappear in April. But there’s also some bad news. The income tax is only being abolished in the Caribbean nation of Antigua and Barbuda, and there’s little reason to think that America’s awful internal revenue code will disappear anytime soon. Nonetheless, we should […]

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A new Equal Rights Amendment for taxes

Proposed 28th Amendment to the U.S. Constitution Section 1 – Congress shall make no tax laws with rates that do not apply equally to all required payers. Section 2 – Congress shall make no laws conveying tax exemptions, deductions, or…

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With a Bold and Pure Flat Tax, Ben Carson Sets the Standard for Pro-Growth Reform

When I compared the tax reform proposals of various 2016 presidential candidates last month, Ben Carson got the best grade by a slight margin. But I’ve now decided to boost his overall grade from a B+ to A-, or perhaps even A, because he’s finally released details and that means his grade for “specificity” jumps […]

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More Dishonest Data Manipulation from Tax-Happy Bureaucrats at the OECD

The Organization for Economic Cooperation and Development is a Paris-based international bureaucracy. It used to engage in relatively benign activities such as data collection, but now focuses on promoting policies to expand the size and scope of government. That’s troubling, particularly since the biggest share of the OECD’s budget comes from American taxpayers. So we’re […]

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Regarding Eisenhower’s Tax Rates, We Should Listen to JFK rather than Bernie Sanders

During last night’s Democratic debate, Senator Bernie Sanders said he would not raise tax rates as high as they were in the 1950s. And if Twitter data is accurate, his comment about being “not that much of a socialist compared to [President] Eisenhower” was one of the evening’s most memorable moments. But a clever line […]

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In One Image, the Case for Ripping Up the Internal Revenue Code

I’m happy that many of the presidential candidates are proposing big tax cuts. Bobby Jindal and Donald Trump have large tax cuts, and Jeb Bush, Rand Paul, and Marco Rubio are proposing smaller – but still significant – reductions in the federal tax burden. All of these plans, to be credible, should be accompanied by […]

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The State of Washington Should Learn a Very Important Lesson from Connecticut about the Dangers of an Income Tax

Every so often, I get asked why I’m so rigidly opposed to tax hikes in general and so vociferously against the imposition of new taxes in particular. In part, my hostility is an ideological reflex When pressed, though, I’ll confess that there are situations – in theory – where more taxes might be acceptable. But […]

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Mirror, Mirror, on the Wall, which Nation and State Punish Success Most of All?

I’ve shared some interested rankings on tax policy, including a map from the Tax Foundation showing which states have the earliest and latest Tax Freedom Days. There’s also a depressing table showing that the United States “earns” a lowly 94th place in a ranking of business-friendly tax system. Heck, there’s even a map showing the […]

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ABBA and the Story of the Most-Inane-Ever Tax Controversy | International Liberty

I’ve complained about this sort of thing for years. The tax code is a complicated nightmare, particularly for businesses. Some people may think this is because of multiple tax rates, which definitely is an issue for all the non-corporate businesses that file “Schedule C” forms using the personal income tax. A discriminatory rate structure adds to […]

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If You Want Jobs and Growth, Keep in Mind that Obamanomics also Doesn’t Work on the State Level

The Tax Foundation in Washington does some great work on fiscal issues, but I also admire their use of maps when they want to show how various states perform on key indicators. They’re best known for “Tax Freedom Day,” which measures how long people have to work each year before they’ve earned enough to satisfy […] . . . → Read More: If You Want Jobs and Growth, Keep in Mind that Obamanomics also Doesn’t Work on the State Level . . . → Read More: If You Want Jobs and Growth, Keep in Mind that Obamanomics also Doesn’t Work on the State Level