Posted by Daniel J. Mitchell on July 26, 2010
By Daniel J. Mitchell
The 2001 and 2003 tax cuts are scheduled to expire at the end of this year, which means a big tax increase in 2011. Tax rates for all brackets will increase, the double tax on dividends will skyrocket from 15 percent to 39.6 percent, the child credit will shrink, the death tax will be reinstated [...]
Categories: Politics, Tax and Budget Policy |
Tags: class warfare, Competitiveness, geithner, Government and Politics, higher taxes, Income tax, marginal tax rates, obama, soak the rich, Supply-side economics, tax increases | 
No Comments »
Posted by Daniel J. Mitchell on July 14, 2010
By Daniel J. Mitchell
Australia got rid of its death tax in 1979. A couple of Aussie academics investigated whether the elimination of the tax had any impact on death rates. They found the ultimate example of supply-side economics, as reported in the abstract of their study.
In 1979, Australia abolished federal inheritance taxes. Using daily deaths data, we show [...]
Categories: Politics, Tax and Budget Policy |
Tags: australia, class warfare, Death tax, economics, estate tax, incentives, soak the rich, Supply-side economics | No Comments »
Posted by Daniel J. Mitchell on June 22, 2010
By Daniel J. Mitchell
Smart statists understand that there are very strong Laffer Curve effects at the top of the income scale since investors and entrepreneurs have considerable ability to control the timing, level, and composition of their income. So if higher tax rates on upper-income taxpayers don’t collect much revenue, why is the left so insistent on class-warfare [...]
Categories: Politics, Tax and Budget Policy |
Tags: class warfare, Government and Politics, higher taxes, laffer curve, soak the rich, tax increases, taxation, Value-added tax, VAT | No Comments »
Posted by Daniel J. Mitchell on May 28, 2010
By Daniel J. Mitchell
Hillary Clinton recently opined that Brazil was a great role model for the idea of soaking the rich with higher tax rates. She didn’t really offer evidence for that specific assertion, but Politico reports that she did say that “Brazil has the highest tax-to-GDP rate in the Western Hemisphere and guess what — they’re growing like [...]
Categories: Politics, Tax and Budget Policy |
Tags: brazil, class warfare, Government and Politics, hillary clinton, International Economics and Development, marginal tax rates, Political Philosophy, soak the rich, top tax rate | No Comments »
