…part of the problem. But there’s also a bigger problem of misunderstanding the mechanics at play.   A tariff is a type of excise tax. When the government imposes a tariff, it places a wedge between the…

…was earned overseas (though realistically, some of it probably got there through transfer pricing), it can defer paying taxes on it until the money comes home. Taxes deferred are taxes…

…taxes in there, no damn politician can ever scrap my social security program. Those taxes aren’t a matter of economics, they’re straight politics.” So you would think that a Democratic…

…tax increase on the rich or anything. I think the motivation of both posts is the observation that European taxes are, if anything, slightly less progressive than US taxes, but…

…a recession, any incumbent president must make difficult choices in 2009. The only way to return the US government to a fiscally sound position is to either increase taxes or…

…profits. Federal, state, and local gas taxes alone total about 46 cents per gallon, on average. Corporate income taxes, property taxes, sales taxes, and other taxes tack on much more….

…raising taxes, as they imagine. Rather, their only choice will be raising taxes in ways that will be very debilitating to growth or raising taxes in ways that will minimize…

Progressive Consumption Taxes Ruy T. has an interesting post that got me, once again, thinking about consumption taxes. At first glance, consumption taxes appear intrinsically regressive because poor and middle…

…Pharma is also shifting their profits overseas and minimizing US taxes or tax avoidance. One way to avoid taxes is to move intellectual property to the country of choice or…

…although this would mean that many very wealthy people will pay no income taxes or estate taxes, and many other very wealthy people would pay income taxes at a single-digit…