Wealth Taxes Make Us Poorer
A new study finds that taxes on wealth reduce long-run GDP by 2.7 percent.
Taxes
California Lawmakers Want a Wealth Tax to Soak the Rich for Living There. Also, for Leaving.
The proposed tax would apply to not just wealthy residents, but anyone who is wealthy who has lived in the state for the last 10 years.
What the Toronto Blue Jays' Infielders Can Teach Us About the Inheritance Tax
Some parents with valuable skills will find some way to transmit those skills to their children, and some children will find ways to learn them from parents.
California's Attorney General Decides How Ballot Initiatives Are Summarized. He's Happy To Abuse This Power.
Xavier Becerra conceals tax increases and reframes a gig economy proposition to hurt its chances.
County Wants Answers From Treasurer Who Seized Man's Home Over $8 Tax Bill
Officials in Oakland County, Michigan, are worried they could be on the hook for more than $30 million in payments to former homeowners victimized by an aggressive forfeiture scheme.
Michigan Supreme Court Rules Government Can't Seize Entire Value of Home Over Property Tax Delinquency Worth $8.41
The Court unanimously ruled such a tax "forfeiture" qualifies as a taking for which compensation must be paid.
What State and Local Governments Can Learn From the Coronavirus Crisis
Why should the responsible states bail out the irresponsible ones?
Seattle's 'Autonomous Zone' Is Dead, But Its Amazon Tax Has Come Roaring Back to Life
The city has passed a new payroll tax on large employers that is expected to raise over $200 million a year.
The Next Pandemic Will Be Caused by the National Debt. It Will Crater the Economy.
Debt held by the public equals about 100 percent of GDP. That's hurting growth and will fuel a major crisis.
As Delayed Tax Day Approaches, Consider What You Get for Your Money
Do you appreciate the incompetence, in-fighting, obstructionism, authoritarianism, and waste that you pay for?
It's Time To Leave Your City. Come to West Virginia With Me.
It’s not another Free State Project, just a way to live a better life during the coronavirus era.
One Man's Battle With the IRS Over Bitcoin Privacy
William Zietzke’s tax battle may affect thousands of cryptocurrency holders.
Federal Tax Deadline Extended Until July 15
The extension allows some individuals and businesses to keep more of their money for three extra months at a time when millions of Americans are likely to be out of work and struggling to make ends meet.
Some Implications for Executive Adjudication
Adjudication Outside Article III (part four)
Trump Administration Swears Proposed Hotel, Airline, Cruise Bailout Is Totally Not a Bailout
Actually, it's a bailout.
Just How Good Is Trump's Economy, Anyway?
While the 2017 tax cuts didn't deliver the results promised by Trump and his magical-thinking supporters, the administration has delivered some economic expansion, some job creation, and some investment growth.
Has D.C. Found the Right Way To Do 'Free' Public Transit?
Councilmember Charles Allen has proposed giving every D.C. resident a $100 monthly subsidy for bus and train rides.
California's Fees on New Development Are 3 Times the National Average. New State Legislation Would Cap Them.
California lawmakers have introduced legislation to cap impact fees, change the way they are assessed, and give developers more tools to claw back unjustified charges.
Seattle City Council's Lone Socialist Is Reintroducing Her Amazon Tax
A previous version of the tax was repealed a month after it was passed in 2018.
Uncle Sam Doubles Down on His Spending Addiction
The federal government is not a good steward of your money.
Canada Still Not Raking in as Much Marijuana Revenue as Planned
A lesson for other governments making legalization plans
Bernie Sanders' Wealth Tax Would Be Bad for Workers
The Vermont socialist has always claimed to be a champion of the working class. But over time, his wealth tax would fall heavily on ordinary Americans.
Elizabeth Warren Has a Fake Plan To Pay for Medicare for All
Warren claims total costs for middle-class families would go down under her plan, but there are reasons to doubt this.
Cory Booker, Who Urged Democratic Unity, Drops Out of Presidential Race
The New Jersey senator was also willing to buck the establishment at key moments.
Trump's Proposed European Tariffs Would Be Terrible for People Who Like Good Wine and American Jobs
A 100 percent tariff on European wines could all but wipe out the industry.
Illinois Spent the Last Decade Losing Population and Learning Nothing
Our most troubled state enters 2020 having lost residents for six years in a row.
Marijuana Edible Buyers in Illinois Will Pay More Than Twice the Taxes Charged in Michigan
Which state do you think will be more successful at moving cannabis consumers to the legal market?
Two Years After Licensed Marijuana Merchants Began Operating in California, They Account for Just a Quarter of Sales
The state's Cannabis Advisory Committee blames high taxes, local bans, and onerous regulations.
Now That It's Toothless, Obamacare's Individual Mandate Is Unconstitutional
The shifting understanding of the requirement to buy health insurance elevates form above substance.
Gov. Cuomo's Plan To Attack Cigarette Retailers Will Fuel New York's Black Market
More than half of cigarettes consumed in the state are smuggled from elsewhere, thanks to high taxes.
Elizabeth Warren Wants To Tax Lobbying
Her lobbying tax proposal is pseudo-policy, a veneer of wonky seriousness over dubious populist dogma.
Fifth Circuit Sends Obamacare Severability Issue Back to Square One—But Not Quite
The appellate court remanded the most important issue in the case back to the district court. But its instructions will make it difficult for the trial judge to again rule that the entire Affordable Care Act must fall with the individual mandate.
Bipartisan 'Bucket of Garbage' Budget Bill Contains $50 Billion in Special Interest Tax Breaks
On their own, some of those tax breaks might be defensible. Dumping them into a must-pass budget bill is not.
Eat The Rich? House Democrats Plan To Pass Huge Tax Break for Wealthy Homeowners.
The party that's calling for huge tax increases on the wealthy is about to hand wealthier Americans a big tax break that will add to the federal budget.
Moderate Joe Biden Wants Tax Hikes Twice as Big as Hillary Clinton Proposed in 2016
A sign of just how far left Democrats have moved under Trump
New Tariffs Scheduled for December 15 Won't Pressure China Into Making a Deal. Trump Should Cancel Them.
The set of tariffs scheduled for December 15 will hit a wide range of consumer goods from children's toys to laptops, gaming consoles, and other home electronics. They will be costly and ineffective..
The Marijuana Black Market Will Keep Its Throne in California, Thanks to Tax Increases
When the government tries to hoover up all the money earned from legalized drugs, this is what happens.
County Says Seizing Home Over $8.41 Tax Debt Was OK Because Counties Need Money
"You have a situation where a person owed $8 and lost their house. I mean, how is that equitable?" asked Michigan Supreme Court Justice Richard Bernstein.
Elizabeth Warren Wants To Raise Taxes by $26 Trillion
What she and Bernie Sanders are proposing is nothing short of a wholesale transformation of the size and scope of government.
Texas Voters Ban State Income Taxes. Again.
Some 76 percent of Texas voters approved a constitutional amendment that prohibits the state from imposing any income tax.
A Michigan Man Underpaid His Property Taxes By $8.41. The County Seized His Property, Sold It—and Kept the Profits.
A state law allows counties to effectively steal homes over unpaid taxes and keep the excess revenue for their own budgets.
