By Daniel J. Mitchell
Leftists want higher tax rates and they want greater tax compliance. But they have a hard time understanding that those goals are inconsistent.
Simply stated, people respond to incentives. When tax …
New Academic Study Confirms Previous IMF Analysis, Shows that Lower Tax Rates Are the Best Way to Reduce Tax Evasion is a post from Cato @ Liberty – Cato Institute Blog
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The straight text of the U.S. tax code exceeds 5,000 pages. Throw in the annotations necessary to actually decipher the thing and it swells beyond 72,000 pages. (Instructions for filing the “EZ” form run 41 pages.) All of which will yield a whopping $2.6 trillion in federal tax receipts (estimated) for 2012. So, naturally, the Internal Revenue Service (IRS) has concocted new regulations that make the preparation of tax returns even more difficult and costly. The new rules require tax preparers who aren’t lawyers or Certified Public Accountants to obtain … More
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By Ilya Shapiro
Since the foundational administrative law case of Chevron v. Natural Resources Defense Council (1984), courts have given significant deference to executive agency interpretations of federal law. United States v. Home Concrete & Supply tests whether there are any meaningful limits on such deference. The case involves a group of taxpayers who initiated a number of [...]
The IRS Can’t Overrule the Supreme Court is a post from Cato @ Liberty – Cato Institute Blog
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By Daniel J. Mitchell
Last year, I came up with a saying that “Bad Government Policy Begets More Bad Government Policy” and labeled it “Mitchell’s Law” during a bout of narcissism. There are lots of examples of this phenomenon, such as the misguided War on Drugs being a precursor to intrusive, costly, and ineffective money laundering policies. Or how [...]
Obama Has United the World … in Opposition to Bad U.S. Tax Policy is a post from Cato @ Liberty – Cato Institute Blog
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By Michael F. Cannon
Here’s a podcast on how states can shut down ObamaCare. And here are links to additional material, including an op-ed that provides an overview, a blog post about Sen. Orrin Hatch (R-UT) getting involved, a blog post on how presidential candidates could get involved, and finally a blog post on what the Obama administration has to say about all this. Podcast: How States [...]
Podcast: How States Can Shut Down ObamaCare is a post from Cato @ Liberty – Cato Institute Blog
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By Michael F. Cannon
The Senate Finance Committee’s ranking member is not amused. ObamaCare’s Premium-Assistance Glitch: Orrin Hatch Edition is a post from Cato @ Liberty – Cato Institute Blog
ObamaCare’s Premium-Assistance Glitch: Orrin Hatch Edition is a post from Cato @ Liberty – Cato Institute Blog
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By Michael F. Cannon
In this November 16 op-ed, Jonathan Adler and I explain how the Obama administration is trying to save ObamaCare (“the Affordable Care Act”) by creating tax credits and government outlays that Congress hasn’t authorized. (The administration describes this “premium assistance” solely as tax credits.) This week, the administration tried to reassure everybody that no, they’re not doing [...]
A Weak Defense of an Illegal Fix to an ObamaCare Glitch is a post from Cato @ Liberty – Cato Institute Blog
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