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 | 
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Posted by Daniel J. Mitchell on July 21, 2010
By Daniel J. Mitchell
The Wall Street Journal has an excellent editorial this morning on the obscure — but critically important — issue of measuring what happens to tax revenue in response to changes in tax policy. This is sometimes known as the dynamic scoring versus static scoring debate and sometimes referred to as the Laffer Curve controversy.
The key thing to understand [...]
Categories: Politics, Tax and Budget Policy |
Tags: Art Laffer, Double Taxation, Dynamic Scoring, Government and Politics, incentives, Income tax, JCT, Joint Committee on Taxation, laffer curve, marginal tax rates, Revenue Estimates, Static Scoring, Supply-side economics, tax rates, taxation | 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 »
