The Beatles Meet the Taxman

If you celebrate tax day like me — by whispering over and over again the dollar amount that you had to mail in while Google searching “how to fake your own death” — you could probably use a lighthearted little break in the day. So here’s a cartoon featuring the Beatles’ encounter with the taxman, including their song “Taxman,” where they More …

Burger King and Bailing on America

When people stop coming to a restaurant, you suspect there’s something wrong with the food. When people stop watching a TV show, you assume there’s something wrong with the story. But when businesses start going through all the trouble of pulling up stakes in America and moving to other countries, our ruling class don’t think there’s anything wrong with the More …

*Note: Laffer Curve Not as Funny as It Sounds, but Still Important

From Prager University, a neat little explanation of why cutting tax rates doesn’t always mean reducing government revenue. So, if there’s a point at which raising tax rates leads to less government revenue, why do advocates of big government always want higher and higher taxes? It’s not because they don’t understand the Laffer Curve; they almost certainly do. It’s because More …

Dogs and Cats Living Together: NYT Editorial Advocates Abolishing Corporate Income Tax

Someone has apparently hacked into The New York Times’ website. How else to you explain this editorial?: In recent decades, American workers have suffered one body blow after another: the decline in manufacturing, foreign competition, outsourcing, the Great Recession and smart machines that replace people everywhere you look. Amazon and Google are in a horse race to see how many More …

Yet Another Thing I Have in Common with Bono: Tax Policy

John Fund covers my soul brother on The Corner: The British Observer newspaper interviewed the singer while on a trip to West Africa last week and grilled him on his tax decisions: “Was it not hypocrisy for you to try to hold the Irish government to account for its spending while going through fairly exhaustive efforts to avoid paying in More …

Now Taking Applicants for Smoot-Hawley 2.0

The front runner to be the next Smoot-Hawley Tariff? The terrible and Orwellian-named Marketplace Fairness Act. At the Points and Figures blog, Jeff Carter breaks it down: The tax will restrict competition.  Today, people have a choice between online and physical retailers.  Physical retailers know that a person can enter their shop, whip out their mobile device and order the More …

The 100th Anniversary of the Income Tax

While you wait for your 1099s to arrive in the mail and schedule an appointment with your expensive accountant, take a moment to reflect on the 100th anniversary of the 16th amendment, and all the terrible, terrible decisions of all the voters who ratified it and brought this pain upon you. Dan Mitchell writes on the lessons we should learn More …

That’s a Nice Economy You Have There. I’d Hate for Anything to Happen To It

On Reason.com, a little perspective on what taxes really are from Sheldon Richman (Ha! Get it? He’s a Richman, so he’s against taxes! Golly, wordplay is fun.): Far from some enlightened institution, taxation began when conquerors realized that formal and continuing appropriation of a subject population’s wealth was preferable to hit-and-run pillaging. For this to work, however, the rulers needed More …

Taxes for All

Instapundit (peace be upon him) is finally spreading his wings and trying to get some exposure on the internet. He’s in USA Today with an article about how everybody should pay taxes: According to a national poll last week, 79% of Americans think that all Americans should pay income tax, regardless of their incomes. That includes 85% of Republicans and More …

Who Pays Taxes?

Via you know who, a story told in graphs of who really bears the tax burden in America, including these beauties: Taxes paid by income quintile: Sources of federal revenue:  Tax hikes under Obama’s budget:

Who Here Doesn’t Try to Minimize Their Tax Bill?

There’s a certain cohort of people who think it’s a terrible indictment to say that Mitt Romney didn’t pay some maximum possible amount of taxes. Any kind of tax shelter he’s used is called a “scheme” and described in the shadiest terms possible. When they print stories like this, my only question is, Who in the world doesn’t do everything More …

The Lovitz Curve

It’s the same idea (kinda) as the Laffer Curve, but it’s the Lovitz Curve: a graph that shows how much class warfare rhetoric Hollywood liberals will tolerate before they start to revolt: Just as in a Laffer Curve, Revenue and Support from Hollywood (RASH) is at a minimum for any politician who (like President Reagan, for example) doesn’t engage in More …

Hope and Change Means I Hope I Can Change My Address

People who are planning to make a lot of money are starting to look at opportunities for doing it elsewhere. For instance, Eduardo Saverin, co-founder of Facebook, is getting out of Dodge before the company goes public: Eduardo Saverin, the billionaire co- founder of Facebook Inc. (FB), renounced his U.S. citizenship before an initial public offering that values the social network More …

Charity and Theft

We’ve heard a lot of talk lately about how we all need to kick in a little more to the government in the interest of helping the less fortunate among us. Not to private charitable organizations or churches, mind you. No, only more and larger government programs can salve the wounds of mankind and raise us from the dark ages More …